Richmond Tigers record $500,000 profit ..... (Age)

[YellowandBlackBlood]

Maybe he has a board, I know plenty of good sized privately owned businesses who appoint a board to ensure correct levels of accountability and governance.

I didn't say he doesn't have a board.  I said he has no equal as he owns the company outright. Ultimately what he says goes.

[Yeahright]

You said

That means he is used to making decisions on his own.

While that could be true, it could also be completely wrong as HRT pointed out

[YellowandBlackBlood]

You said

That means he is used to making decisions on his own.

While that could be true, it could also be completely wrong as HRT pointed out

That's why I clarified what I meant with the above statement.

[WilliamPowell]

when did he resign?

Back in late August the Annual Report says

[Smokey]

Walsh probably less so but is still more impressive than Russo's.

Have you seen Russo's CV or just made an assumption based on an arrogant generalisation of his field of expertise?

No need to get aggressive Smokey. I know a few developers and they are all great blokes. Doesn't mean they can run a club and doesn't mean that can't.
In my opinion the board has done a great job financially with the club. They're trying to support the football department. That's their job.

No aggression here, just responding to your statement which I believe is arrogant if you don't know Russo's CV.  My opinion of our current board is the same as yours, I have no problem with their performance at all but in this thread you have cast doubt and aspersions on Russo while admitting you knew nothing about him except him being a developer and sole proprietor thus making him less impressive as a board candidate than Speed or Walsh.  That may very well end up being the truth but until you have more knowledge or facts to base your opinion on, or the benefit of hindsight to lean back on then your argument is flawed and frankly arrogant. 

[Petey]

He asked you a reasonable question, how was that being aggressive?

The addition of the word arrogant was an attack on me. It was completely unnecessary.

I guess the bottom line is that if it was inappropriate the mods would have removed it. We don't need posters like yourself being the judge, jury and executioner.
So take a deep breath

Live by the sword, die by the sword pal

[Yeahright]

I should've quoted him instead of just replying. That way his original post would of been there for people to see

[Hard Roar Tiger]

Maybe he has a board, I know plenty of good sized privately owned businesses who appoint a board to ensure correct levels of accountability and governance.

I didn't say he doesn't have a board.  I said he has no equal as he owns the company outright. Ultimately what he says goes.

Why would a privately owned company have appointed a board if it's owner wanted to make all the decisions? 

[YellowandBlackBlood]

He asked you a reasonable question, how was that being aggressive?

The addition of the word arrogant was an attack on me. It was completely unnecessary.

I guess the bottom line is that if it was inappropriate the mods would have removed it. We don't need posters like yourself being the judge, jury and executioner.
So take a deep breath

Live by the sword, die by the sword pal

Two things pal. I doubt any Mods were up at 1am to adjudicate so my response.
I also highly doubt there is a sword here and I wont die from those comments or any others. They are water off a ducks back.

[Beans]

Maybe he has a board, I know plenty of good sized privately owned businesses who appoint a board to ensure correct levels of accountability and governance.

I didn't say he doesn't have a board.  I said he has no equal as he owns the company outright. Ultimately what he says goes.

Why would a privately owned company have appointed a board if it's owner wanted to make all the decisions? 

Many privately owned companies have boards. It helps them get a spread of expert knowledge, ideas and opinions. Good business practice. However my concern on entrepreneurial people is that they often find it hard to work in team environments and sometimes lack corporate expertise on a broader scale.

[Yeahright]

He asked you a reasonable question, how was that being aggressive?

The addition of the word arrogant was an attack on me. It was completely unnecessary.

I guess the bottom line is that if it was inappropriate the mods would have removed it. We don't need posters like yourself being the judge, jury and executioner.
So take a deep breath

Live by the sword, die by the sword pal

Two things pal. I doubt any Mods were up at 1am to adjudicate so my response.
I also highly doubt there is a sword here and I wont die from those comments or any others. They are water off a ducks back.

OE is up at all sorts of times, the dudes committed. So why didn't you just leave it and at worst it would of been gone in the morning if it was going to be deleted

[Hard Roar Tiger]

Maybe he has a board, I know plenty of good sized privately owned businesses who appoint a board to ensure correct levels of accountability and governance.

I didn't say he doesn't have a board.  I said he has no equal as he owns the company outright. Ultimately what he says goes.

Why would a privately owned company have appointed a board if it's owner wanted to make all the decisions? 

Many privately owned companies have boards. It helps them get a spread of expert knowledge, ideas and opinions. Good business practice. However my concern on entrepreneurial people is that they often find it hard to work in team environments and sometimes lack corporate expertise on a broader scale.

Good point although I'd argue they'd be smart enough to work out being on a board is a different gig and their perspective alone gives a different viewpoint which may not always be part of the final outcome.
I would say that right now with a lack of alternate revenue streams and an inability to create an environment which is a true destination for elite player talent an entrepreneur might bring a different type of challenge to the board, the football executive and the club management.

[YellowandBlackBlood]

Walsh probably less so but is still more impressive than Russo's.

Have you seen Russo's CV or just made an assumption based on an arrogant generalisation of his field of expertise?

No need to get aggressive Smokey. I know a few developers and they are all great blokes. Doesn't mean they can run a club and doesn't mean that can't.
In my opinion the board has done a great job financially with the club. They're trying to support the football department. That's their job.

No aggression here, just responding to your statement which I believe is arrogant if you don't know Russo's CV.  My opinion of our current board is the same as yours, I have no problem with their performance at all but in this thread you have cast doubt and aspersions on Russo while admitting you knew nothing about him except him being a developer and sole proprietor thus making him less impressive as a board candidate than Speed or Walsh.  That may very well end up being the truth but until you have more knowledge or facts to base your opinion on, or the benefit of hindsight to lean back on then your argument is flawed and frankly arrogant.

Yet if you read my posts I have pointed out that I thought a better strategy would have been not to say you were interested until you had something to say that would explain how you would improve the board. It wouldn't need to be a complete plan. Even a one or two line outline of your plans. I don't think spouting off how much money you have given and how you are frustrated that we haven't won a premiership is going to win many over. Because of this, I don't know much about him and I don't think it's arrogant to question what he will bring to the board. After all, it's up to him to convince the members to vote for him and he hasn't started off well in my opinion. I strongly disagree it is arrogant. I would have questioned anybody without sporting admin credentials the same way, not just property developers.

[one-eyed]

“The way different clubs report results can create confusion but the bottom line for Richmond supporters is that the true operating performance of our club is rock solid,” Richmond CEO Brendon Gale said.

“Richmond includes depreciation and amortisation costs when announcing its operating profit because - in our opinion - we think it provides an accurate reflection of the performance of the business. Other clubs choose not to include those costs when reporting their operating profit.

“By way of example, Collingwood reported an operating surplus of $1.88 million, before depreciation and amortisation. If Richmond had accounted for its result the same way, we would report an operating surplus of $1.9 million as opposed to $459K.

“There is no right or wrong way, we just thought it was worth clarifying the difference for our fans and to give them a level of comfort that the board is delivering our fans a very sound business.”

Full article: http://www.richmondfc.com.au/news/2015-12-01/richmond-business-performance-rock-solid

[YellowandBlackBlood]

“The way different clubs report results can create confusion but the bottom line for Richmond supporters is that the true operating performance of our club is rock solid,” Richmond CEO Brendon Gale said.

“Richmond includes depreciation and amortisation costs when announcing its operating profit because - in our opinion - we think it provides an accurate reflection of the performance of the business. Other clubs choose not to include those costs when reporting their operating profit.

“By way of example, Collingwood reported an operating surplus of $1.88 million, before depreciation and amortisation. If Richmond had accounted for its result the same way, we would report an operating surplus of $1.9 million as opposed to $459K.

“There is no right or wrong way, we just thought it was worth clarifying the difference for our fans and to give them a level of comfort that the board is delivering our fans a very sound business.”

Full article: http://www.richmondfc.com.au/news/2015-12-01/richmond-business-performance-rock-solid

So we made more than Collingwood, all things being equal. Interesting. So the board is doing an excellent job......