Author Topic: Richmond to make a $2 million profit  (Read 2280 times)

Online one-eyed

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Richmond to make a $2 million profit
« on: August 11, 2009, 01:34:49 AM »
Brendon Gale returns to take helm at Richmond
Greg Denham | August 11, 2009 | The Australian

A CASHED-UP Richmond yesterday unveiled a big part of its new look by announcing that former player Brendon Gale will be the Tigers' new chief executive at the end of the season.

The Richmond transition will continue to unfold with a new senior coach appointed before the end of the month, before its football department make decisions on the futures of a number of players.

Despite a poor year on the field which has yielded only five wins, Gale, who has resigned as chief executive of the AFL Players Association, will inherit a healthy club off the field.

Richmond, under outgoing chief executive Steven Wright, is poised to record its fifth consecutive profit, which this year is heading for a record $2 million result, well up on last year's profit of $395,000.

The Tigers can largely base their expected 2009 windfall on the recruitment of Ben Cousins and the optimism the former West Coast captain attracted.

Membership rose from a record 30,820 in 2008 to 36,981. Corporate sponsorship has increased as well as other areas, which will come in above budget.

The Tigers, for example, made almost $700,000 for their round-one home game against Carlton.

Gale, 41, who played 244 matches for Richmond as a ruckman-forward between 1990 and 2001, said he accepted the job last weekend after the Tigers had earlier this year sounded out several prospects, including Geelong chief executive Brian Cook.

The merry-go-round of club administrators continues however, with both Hawthorn and Sydney set to announce new chief executives.

The Hawks have not finalised a replacement for Ian Robson, who will start with Essendon in November, while former Melbourne midfielder Glenn Lovett, the Demons' best-and-fairest winner in 1992, is the front-runner to replace Myles Baron-Hay at the Swans.

Wright, who replaced Ian Campbell midway through 2004, will step aside at the end of the season to deal with an on-going debilitating illness - Guillain-Barre Syndrome - which affects the nervous system.

Gale yesterday stressed his desire for Richmond to return to the AFL force it was almost three decades ago. "I think clearly we have under-performed, there is no doubt about that," he said.

"Historically that may have been the case, in my involvement (as a player) we had a few periods of relative success but a fair period of under-performance.

"The club is a very successful club, it's been a very powerful club, often regarded as a "big four" club. I think it's fair to say it's not a "big four' club right now."

Despite speculation due to a push from Richmond's past players earlier this year, Gale said he had no intention of becoming the Tigers' chief executive before he was approached by club president Gary March in recent weeks.

Gale said he would be kept in the loop by the sub-committee in charge of the second stage of interviews in search of the Tigers' new coach. The stand out candidates after the first round of interviews were Hawthorn assistant coach Damien Hardwick and Geelong assistant Ken Hinkley.

"I think the club has been very robust in the process it put in place and they've stuck to that process, but given the importance of that decision, I'd certainly have an involvement in the appointment of that coach," Gale said.

"I think it's extremely important for me and the coach.

"In the meantime, I'll be getting briefings on the respective candidates and where they're at."

Wright will have a minor consultancy role in the redevelopment of new facilities at Punt Road.

"Sadly, in many ways my health has got in the way," Wright said. "It's not great to wake up in the middle of the night and your hands are paralysed."

Wright will remain involved next year with the $20 million redevelopment and the creation of the Australian Institute of Indigenous Learning and Skills Development.

http://www.theaustralian.news.com.au/story/0,25197,25910695-2722,00.html

Offline mightytiges

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Re: Richmond to make a $2 million profit
« Reply #1 on: August 11, 2009, 02:52:15 AM »
Awesome news :thumbsup. Well done to Steven Wright :clapping and thanks Cuz  :thumbsup
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Re: Richmond to make a $2 million profit
« Reply #2 on: August 11, 2009, 08:04:15 AM »
Awesome news :thumbsup. Well done to Steven Wright :clapping and thanks Cuz  :thumbsup

Your post should read, well done Cuz and well done the supporters
And a big well done to K. Sheedy who instigated getting Cuz to punt road.

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Re: Richmond to make a $2 million profit
« Reply #3 on: August 11, 2009, 08:22:33 AM »
Awesome news :thumbsup. Well done to Steven Wright :clapping and thanks Cuz  :thumbsup

Your post should read, well done Cuz and well done the supporters
And a big well done to K. Sheedy who instigated getting Cuz to punt road.

Common Jamie, Im a big critic of things when things go wrong, but you have to give credit where credit is due. This guy inherited a $2 million operational deficit in the year he arrived, hes leaving a $2 million operational surplus, he made profits every year. Its fine to take shots when they make mistakes, but the guy did a good job infact I reckon he did an outstanding job.

Offline bojangles17

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Re: Richmond to make a $2 million profit
« Reply #4 on: August 11, 2009, 10:51:57 AM »
indeed a sensational effort, a couple of extraordinary factors that underlined that result in membership drive and massive R1 fixture...we need to work hard to emulate that in 2010...wont be easy...I wish them luck :thumbsup
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Offline Stripes

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Re: Richmond to make a $2 million profit
« Reply #5 on: August 11, 2009, 10:57:58 AM »
I'm hoping with a new coach and the promise that brings, we will maintain a high membership next year. The Cuz factor was exciting at the start of the year wasn't it!  ;D


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Re: Richmond to make a $2 million profit
« Reply #6 on: August 11, 2009, 12:08:15 PM »
I'm hoping with a new coach and the promise that brings, we will maintain a high membership next year. The Cuz factor was exciting at the start of the year wasn't it!  ;D



agree

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Re: Richmond to make a $2 million profit
« Reply #7 on: August 11, 2009, 12:15:45 PM »
Awesome news :thumbsup. Well done to Steven Wright :clapping and thanks Cuz  :thumbsup

Your post should read, well done Cuz and well done the supporters
And a big well done to K. Sheedy who instigated getting Cuz to punt road.

Common Jamie, Im a big critic of things when things go wrong, but you have to give credit where credit is due. This guy inherited a $2 million operational deficit in the year he arrived, hes leaving a $2 million operational surplus, he made profits every year. Its fine to take shots when they make mistakes, but the guy did a good job infact I reckon he did an outstanding job.

Its aint that hard to make a profit when you have revenue of $60,000,000 approx PLUS.  Thats 3%  ::).
And keep in mind that the CEO is involved in  negoiations of all contracts and signs off and approves :banghead
Would of made double the profit if we didnt give Plough $600,000  a year and over paid hacks like McMahon at $330,000. Add in schulz , Pettifer and others.
Give me a break, he did a fair job.
He should of stood up to the Footy Dept and others in regards to contacts and payments etc
We now have these duds playing with us who are overpaid and cant get a kick at coburg,please :banghead :banghead

Offline the_boy_jake

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Re: Richmond to make a $2 million profit
« Reply #8 on: August 11, 2009, 12:32:37 PM »

Its aint that hard to make a profit when you have revenue of $60,000,000 approx PLUS.  Thats 3%  ::).


Not big on the finer points of financial reports, but our revenue last year was 30 mil + 10 from government grants???

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Re: Richmond to make a $2 million profit
« Reply #9 on: August 11, 2009, 12:49:36 PM »

Its aint that hard to make a profit when you have revenue of $60,000,000 approx PLUS.  Thats 3%  ::).


Not big on the finer points of financial reports, but our revenue last year was 30 mil + 10 from government grants???

I will need to go and find the financial report, I could be way of the mark, just took a guess, although you can understand my point in regards to payments etc

Offline Infamy

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Re: Richmond to make a $2 million profit
« Reply #10 on: August 11, 2009, 03:27:16 PM »
It is not the CEO's job to negotiate football contracts, we have a set minimum amount that we MUST pay
The difference between the minimum amount and the maximum is around $600k
I hardly see how that's Stephen Wright's fault, he's done a brilliant job, Jackstar, you're just a bitter fool

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Re: Richmond to make a $2 million profit
« Reply #11 on: August 11, 2009, 03:39:31 PM »
It is not the CEO's job to negotiate football contracts, we have a set minimum amount that we MUST pay
The difference between the minimum amount and the maximum is around $600k
I hardly see how that's Stephen Wright's fault, he's done a brilliant job, Jackstar, you're just a bitter fool

Yes, I am a fool to argue with MORONS
Who runs the RFC and who is in charge of finances and contract approvals, ?? The Boot studder :banghead :banghead
He was the CEO for godsake
Absolute D/Heads on here

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Re: Richmond to make a $2 million profit
« Reply #12 on: August 11, 2009, 03:41:48 PM »
And furthermore, it was the past players who went out and got Benny Gale and forced the clubs hand you will find ;)

Offline bojangles17

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Re: Richmond to make a $2 million profit
« Reply #13 on: August 11, 2009, 03:59:17 PM »
Awesome news :thumbsup. Well done to Steven Wright :clapping and thanks Cuz  :thumbsup

Your post should read, well done Cuz and well done the supporters
And a big well done to K. Sheedy who instigated getting Cuz to punt road.

Common Jamie, Im a big critic of things when things go wrong, but you have to give credit where credit is due. This guy inherited a $2 million operational deficit in the year he arrived, hes leaving a $2 million operational surplus, he made profits every year. Its fine to take shots when they make mistakes, but the guy did a good job infact I reckon he did an outstanding job.

Its aint that hard to make a profit when you have revenue of $60,000,000 approx PLUS.  Thats 3%  ::).
And keep in mind that the CEO is involved in  negoiations of all contracts and signs off and approves :banghead
Would of made double the profit if we didnt give Plough $600,000  a year and over paid hacks like McMahon at $330,000. Add in schulz , Pettifer and others.
Give me a break, he did a fair job.
He should of stood up to the Footy Dept and others in regards to contacts and payments etc
We now have these duds playing with us who are overpaid and cant get a kick at coburg,please :banghead :banghead
the total player payments are covered by the AFL dividend so who is in facted listed as a player is immaterial...we could have you on there and still expend same $$$ amount ...so your point as to who is on the payroll is meaningless...No savings to be realised there...say your not an accountant are you ::)
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Re: Richmond to make a $2 million profit
« Reply #14 on: August 11, 2009, 04:43:29 PM »
Not even going to bother.
Nothing is broken at Punt Rd. ::)
We play finals every year. ::)
The place operates like clockwork ::)
We make millions  ::).
We recruit champions like McMahon, etc.
 :gotigers ::)