Board Spill? / Challenge called off/ Malvern Hotel group has re-emerged [update]

[RedanTiger]

WP the point you have taken out of my post was one of a few relating to "poor and decreasing communication".
Judging by your reply you agree.

Should the club disclose the actual FTF amount each year in the financials? Again have said many times yes they should, without question.

Yes we dont get great detail, though if  you get the full financials as opposed to the concise ones you get greater information/detail but as it stands the club are doing what they required to do legally and uless the law changes it wont be changing unless they choose to. 

Finally,  can I add that if I had any say in it I would change immediately because I  reckon we deserve more detail

Yes, we deserve more detail.
To restate, "poor and decreasing communications".

[Harry]

If you look at our financials there is minimal detail on our receipts.  They are grouped in 2 main categories- football and sponsorship/marketing.  It is unclear how much revenue is membership, gate, merchandise, afl funding, sponsorship etc.  Other clubs provide this level of detail so you can clearly see how they are doing in terms of non supporter dependant income.

Harry I've just made a comment about this

I understand the frustration but legally they don't have to do any more.

And FWIW we are not the only club that takes this approach.

I've looked at Hawthorns Collingwoods and Norths and they provide much more detail regarding receipts.  Why would we not provide the members this level of detail also? 

Where can you get the full financials from?  Are they available to all members? 

[WilliamPowell]

WP the point you have taken out of my post was one of a few relating to "poor and decreasing communication".
Judging by your reply you agree.

Should the club disclose the actual FTF amount each year in the financials? Again have said many times yes they should, without question.

Yes we dont get great detail, though if  you get the full financials as opposed to the concise ones you get greater information/detail but as it stands the club are doing what they required to do legally and uless the law changes it wont be changing unless they choose to. 

Finally,  can I add that if I had any say in it I would change immediately because I  reckon we deserve more detail

Yes, we deserve more detail.
To restate, "poor and decreasing communications".

I do agree

But you referred to "muddling" the financials. Are you suggesting the lack of detail is the cause of this or are suggesting the numbers are being presented in a way to hide something

I've looked at Hawthorns Collingwoods and Norths and they provide much more detail regarding receipts.  Why would we not provide the members this level of detail also? 

Where can you get the full financials from?  Are they available to all members? 

I look at every clubs (sad I know but I am an accountant  ) and trust me there are some worse in the detail stakes than ours

And yes all members can request a copy of the full financials, just need to contact them and ask

And before anyone ask; tney are only required under the law to make available publicly the concise financial. Full financials statements have to be requested. Nothing under handed here

[(•))(©™]

So many experts....

[Owl]

A little bird just told me that Harry is...Hiscock!  Hiscock is Harry...Harry Hiscock confess!

[RedanTiger]

I do agree

But you referred to "muddling" the financials. Are you suggesting the lack of detail is the cause of this or are suggesting the numbers are being presented in a way to hide something

Just checked the definition of "muddling". Bring into a disordered or confusing state.
I'd say I agree with that.

IMO the accounts are presented in a way that makes it difficult to separate out different revenue streams to understand them.
You say that the FTF amount should be disclosed.
I would have thought that bringing all revenue streams together in a lump sum, noting that they start out as separate accounts, brings them to a disordered or confusing state.
To me that's a lack of detail.
"Presented to hide something". Probably yes, our reliance on funds such as the FTF to generate profits.

[Harry]

I do agree

But you referred to "muddling" the financials. Are you suggesting the lack of detail is the cause of this or are suggesting the numbers are being presented in a way to hide something

Just checked the definition of "muddling". Bring into a disordered or confusing state.
I'd say I agree with that.

IMO the accounts are presented in a way that makes it difficult to separate out different revenue streams to understand them.
You say that the FTF amount should be disclosed.
I would have thought that bringing all revenue streams together in a lump sum, noting that they start out as separate accounts, brings them to a disordered or confusing state.
To me that's a lack of detail.
"Presented to hide something". Probably yes, our reliance on funds such as the FTF to generate profits.

Correct.  The numbers don't add up.  How can football revenue be 14m (memberships gate afl funding) and sponsorship / marketing be 26m?  Are they disclosing membership as marketing?  Seems there's some "muddling" going on.

[Harry]

A little bird just told me that Harry is...Hiscock!  Hiscock is Harry...Harry Hiscock confess!

Nah I'm Phil.  Lucky Phil.

[Penelope]

can you present everything broken down to its own category and still be concise,
or would that then be the full financials?

[YellowandBlackBlood]

Has anyone actually asked to see the full financials?

[Penelope]

 
I take it that is a rhetorical question?

[TigerMonk]

I know Dr Hiscock.
Good cardiologist. Nice bloke.

maybe he can give a few of them weak players down there a stronger heart 

[TigerMonk]

So whats happening in Tigerland today. maybe l should just skip this topic seen it ain't going to go anywhere 
These jokers go on tv & bla bla & never even approach some they want in their crew. What a Motley Crew 

[YellowandBlackBlood]

I know Dr Hiscock.
Good cardiologist. Nice bloke.

maybe he can give a few of them weak players down there a stronger heart 

Works with Ron Dick at Epworth. Dick and Hiscock. Yep, that's right!

[TigerMonk]

I know Dr Hiscock.
Good cardiologist. Nice bloke.

maybe he can give a few of them weak players down there a stronger heart 

Works with Ron Dick at Epworth. Dick and Hiscock. Yep, that's right!

l bet they both been to Bangkok