Author Topic: Richmond Tigers record $500,000 profit ..... (Age)  (Read 22878 times)

Offline one-eyed

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Richmond Tigers record $500,000 profit ..... (Age)
« on: November 12, 2015, 09:37:48 PM »
Richmond Tigers record $500,000 profit

  Caroline Wilson
     The Age
    November 12, 2015 - 7:25PM


With Richmond yet to clarify its strategy regarding the coaching future of Damien Hardwick beyond 2016, the Tigers can at least plot for on-field success in the knowledge they remain among the most financially secure clubs in the AFL.

While the pain of its third straight elimination final defeat continues to haunt the Richmond psyche, the Brendon Gale-led administration will record its seventh straight profit to the tune of $500,000 for 2015. Having eliminated the last of its debt two years ago, the club now boasts significant cash reserves.

The board has not yet opened the debate on Hardwick's contract, although if the prevailing mood of stability across Punt Road is any indication the coach would seem likely to receive another contract extension in the first half of next year.

Hardwick has taken the Tigers to three successive finals and, although no one in a position of influence at the club saw the September capitulation to North Melbourne coming, the view remains that the coach has continued to improve.

It would take a serious setback for Richmond at this stage to turn to another untried coach with all the existing elder statesmen in contract beyond next year, with the exception of Paul Roos, who is expected to retire from senior coaching, and Alastair Clarkson, who has indicated he is ready to sign on again with the Hawks.

A top-four finish is the only ambition Gale has failed to achieve of his lofty hopes when he took on the job. On every other measure, bar the one that truly counts, Richmond are now a contender with more than 70,000 members and having in 2015 attracted the largest attendance figures in the competition.

Steadfastly refusing to discuss Hardwick's future beyond next season, Gale said the $500,000 profit – Richmond's 11th in succession – was a credit to the Tigers' board. "At the end of the day they're the people who should take the credit," he said.

While the profit was significantly down on 2014's $1.3 million, Gale said the Tigers had taken a deliberate view to invest more money into football with the club now ranked about eighth in the AFL in football spending, up from 10th the previous year. Richmond is now close to touching the soft spending cap imposed by the competition and will debate next year whether to exceed it beyond 2016.

Richmond has also paid $200,000 tax into the equalisation fund, a fund that Gale – along with most CEOs in the competition – agree demands reviewing. Geelong will lose some $500,000 in 2015 and yet have contributed $300,000 into the fund, which will net little more than $3 million to go towards the financially struggling clubs.

Beyond those two additional costs, Gale said of current club operations: "It's tough out there. We've had a strong result and a modest surplus but it's tough." Carlton's decision to withdraw from the gate-sharing agreement it held with the Tigers also hit Richmond's bottom line to the tune of at least an estimated $300,000.

Richmond, with a strong commercial fixture but a tough football campaign, will host the 2016 season-opener against the Blues in the only clash between the two traditional rivals next season.

The club's younger players were to start pre-season training on Friday with the intensive soul-searching that followed the North loss completed in the weeks that followed the game. Daniel Richardson and his team returned on Thursday from a three-day off-shore session devising draft strategies and Dustin Martin has returned early from his end-of-season trip with Dane Swan.

The only significant setback which followed the end of Richmond's campaign was the failure to secure Adam Treloar despite club bosses believing they had secured a trade agreement. But the Tigers no longer struggle to retain their good players and stood firm to retain its first round pick going into the national draft.

There remains only one elephant in the once murderous Richmond boardroom and that cannot be eliminated until next September.

http://www.theage.com.au/afl/afl-news/richmond-tigers-record-500000-profit-20151112-gkxopx.html

Offline WilliamPowell

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #1 on: November 12, 2015, 10:06:27 PM »
Until one sees the actual numbers hard to comment

But well done another profit  :clapping
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Online Francois Jackson

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #2 on: November 12, 2015, 10:23:53 PM »
big deal

what are they doing with the money? Not spending on the footy department so i'm curious whose pockets are getting filled?
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Offline tdy

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #3 on: November 12, 2015, 10:29:50 PM »
Dimma must be under the pump to win a final.  Once you've got no comment then the knives are out. Pity to see him go in some ways, as least we made finals consistently under him. You never know we might win one this year. Will the bye in rnd 23 mean no one will rest players?

Offline Penelope

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #4 on: November 12, 2015, 10:32:53 PM »
big deal

what are they doing with the money? Not spending on the footy department so i'm curious whose pockets are getting filled?

probably some shifty property developing wog
“For My thoughts are not your thoughts,
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“For as the heavens are higher than the earth,
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yaw rehto eht dellorcs ti fi daer ot reisae eb dluow tI

Offline WilliamPowell

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #5 on: November 12, 2015, 10:37:52 PM »
big deal

what are they doing with the money? Not spending on the footy department so i'm curious whose pockets are getting filled?

Did you read the article at all?

Says we've moved up the footy department spend list again from 10th to 8th

Also said we had to pay $200k in tax the AFL for the equalisation fund. You only pay that when your footy spend hits a certain level.

You are also aware that no one on the Board gets paid. Only employees get paid.

As I also posted until you see the actual numbers and how it's all made up it's hard to comment

So can I suggest instead of giving out whacks for the sake of it we wait to see the what makes up the numbers and then people can whack away to their hearts content
"Oh yes I am a dreamer, I still see us flying high!"

from the song "Don't Walk Away" by Pat Benatar 1988 (Wide Awake In Dreamland)

Offline peggles

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #6 on: November 12, 2015, 10:39:28 PM »
big deal

what are they doing with the money? Not spending on the footy department so i'm curious whose pockets are getting filled?

Did you read the article at all?

Says we've moved up the footy department spend list again from 10th to 8th

Also said we had to pay $200k in tax the AFL for the equalisation fund. You only pay that when your footy spend hits a certain level.

You are also aware that no one on the Board gets paid. Only employees get paid.

As I also posted until you see the actual numbers and how it's all made up it's hard to comment

So can I suggest instead of giving out whacks for the sake of it we wait to see the what makes up the numbers and then people can whack away to their hearts content

good call..
was bout to comment on the same..

Offline Hard Roar Tiger

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #7 on: November 12, 2015, 10:49:13 PM »
big deal

what are they doing with the money? Not spending on the footy department so i'm curious whose pockets are getting filled?

Did you read the article at all?

Says we've moved up the footy department spend list again from 10th to 8th

Also said we had to pay $200k in tax the AFL for the equalisation fund. You only pay that when your footy spend hits a certain level.

You are also aware that no one on the Board gets paid. Only employees get paid.

As I also posted until you see the actual numbers and how it's all made up it's hard to comment

So can I suggest instead of giving out whacks for the sake of it we wait to see the what makes up the numbers and then people can whack away to their hearts content

Our board don't deserve to be paid, they are too intent on self preservation
“I find it nearly impossible to make those judgments, but he is certainly up there with the really important ones, he is certainly up there with the Francis Bourkes and the Royce Harts and the Kevin Bartlett and the Kevin Sheedys, there is no doubt about that,” Balme said.

Online Francois Jackson

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #8 on: November 12, 2015, 10:52:20 PM »
big deal

what are they doing with the money? Not spending on the footy department so i'm curious whose pockets are getting filled?

Did you read the article at all?

Says we've moved up the footy department spend list again from 10th to 8th

Also said we had to pay $200k in tax the AFL for the equalisation fund. You only pay that when your footy spend hits a certain level.

You are also aware that no one on the Board gets paid. Only employees get paid.

As I also posted until you see the actual numbers and how it's all made up it's hard to comment

So can I suggest instead of giving out whacks for the sake of it we wait to see the what makes up the numbers and then people can whack away to their hearts content

lol now we are 8th.  :dancing overpaying a bunch of duds is hardly good business WP.

I can make a good profit in my business next year but if i dont produce anything with it then its hardly worth even mentioning.

Benny is not on the board now is he. I would think they do get a lot of benefits with our money dont be fooled.

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Offline Penelope

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #9 on: November 12, 2015, 11:08:42 PM »
lmao
complain we are not spending enough on the football dept but when it is pointed out we have increased that spending, complain we are spending too much.

how good is that........ if you like to whinge like a spoiled princess, that is?

“For My thoughts are not your thoughts,
Nor are your ways my ways,” says the Lord.
 
“For as the heavens are higher than the earth,
So are my ways higher than your ways,
And my thoughts than your thoughts."

Yahweh? or the great Clawski?

yaw rehto eht dellorcs ti fi daer ot reisae eb dluow tI

Offline WilliamPowell

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #10 on: November 13, 2015, 06:59:59 AM »
lol now we are 8th.  :dancing overpaying a bunch of duds is hardly good business WP.


Seeing we were in the bottom four - 4 years ago it's a big climb

Quote
Benny is not on the board now is he. I would think they do get a lot of benefits with our money dont be fooled.

Actually the constitution change that got passed a few years that everyone said was a good thing because Benny said it was a good thing but now so many sook about means he sits on the board as Executive Director but his voting powers would be limited

As for the other Directors they do not get paid for being on the board. As for other perks - would say you want to believe it because it suits your argument. Know for a fact that all directors pay their own way when they travel to interstate games.

lmao
complain we are not spending enough on the football dept but when it is pointed out we have increased that spending, complain we are spending too much.


Yep certainly ironic
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Offline Stalin

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #11 on: November 13, 2015, 09:31:00 AM »
Six, I can slay the Jabberwocky.

big deal

what are they doing with the money? Not spending on the footy department so i'm curious whose pockets are getting filled?

amen

maybe we can buy neymar?

in a commie league where the governing body gives 1/2 millon fines for not tanking, covering up drug cheating, salary caps, drafts, equalization rubbish ...

does it matter?
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Online Francois Jackson

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #12 on: November 13, 2015, 09:48:06 AM »
Glad someone sees it for what it is Bents.

11 of the last 12 flags have been won by the team who spends the most according to Denham, but willy continues to get excited about 8th place

Bring on the Russomeister to sort this mess out  :thumbsup
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Offline Penelope

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #13 on: November 13, 2015, 10:03:36 AM »
yep bring on the man who thinks hardwick is an excellent coach

a three year extension to his tenure will sort this mess out, no two ways about it.

waaay to gooo, maaaaaaaate.

“For My thoughts are not your thoughts,
Nor are your ways my ways,” says the Lord.
 
“For as the heavens are higher than the earth,
So are my ways higher than your ways,
And my thoughts than your thoughts."

Yahweh? or the great Clawski?

yaw rehto eht dellorcs ti fi daer ot reisae eb dluow tI

Offline WilliamPowell

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Re: Richmond Tigers record $500,000 profit ..... (Age)
« Reply #14 on: November 13, 2015, 10:20:06 AM »

11 of the last 12 flags have been won by the team who spends the most according to Denham, but willy continues to get excited about 8th place

Bring on the Russomeister to sort this mess out  :thumbsup

The club with the biggest footy spend didn't play finals again in 2015. Actually said club capitulated in the 2nd half of the season (again) and they're about to give their Coach a contract extension. Yep Collingwood is a great example of the amount of spend equalling success. The bombers for memory are in the top 4 in spend and they've gone brilliant too these last fews years. Don't you think?

Nice twist of words yet again Angus. Nowhere did I say I was "excited" about being ranked 8th in footy deprt spend. All I said was there's been a massive improvement from where we were 4 years ago being in the bottom 3-4 to now.

As for Russo, you actually failed (more likely refused) to answer my question on the other thread about how you think he is (if elected) going to win us a flag and "sort this mess out" if he is just one person on board of nine?
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