I dont know if I should, laugh, cry or throw up... it is probably the latter:
http://afl.com.au/default.asp?pg=news&spg=display&articleid=249728
Quote:
AFL chief executive Andrew Demetriou says Carlton's current board is not to blame for the club's dire financial predicament following the announcement the once powerful club is now $7 million in debt.
Quote:
However Demetriou denied on Tuesday the club's treatment of Carlton over its salary cap breaches was too harsh and had precipitated the Blues' financial crisis.
Quote:
Demetriou said the league would help the Blues, admitting the ground needed to be maintained as a back-up venue for league matches in the advent that the MCG or Telstra Dome was ever unavailable for large periods during the home-and-away season.
"Carlton is one of the few clubs in the competition that has its own ground, it costs them about 1-2 million (a year) to maintain that ground and they are not deriving any revenue from it because they don't play games there any more.
"That is a pretty heavy burden for a football club because all our other clubs are either renting grounds or if they have got their own grounds they are deriving revenue from them such as the Brisbane Lions (at the Gabba).
"I think we do (need Princes Park as a back-up AFL venue) because in this state we play about 100 games a season and we need a fallback for the MCG and Telstra Dome."
So looks like the PP deal is a goer. Financially probably the best option - and will allow some freedom for somebody to be more innovative.
And BTW at the end of the article Justin Madden confirms why I think he is a nice guy but a dill...
Quote:
While Demetriou said he was confident the Blues would recover from the biggest financial crisis they have ever faced, former champion ruckman and now Victorian Sports Minister Justin Madden had a message for his old club - start winning.
"At the end of the day it's success on the field which is going to make all the difference," said Madden, a member of the club's 1987 and 1995 premiership teams.
"Really you have just got to perform on the field and the rest will happen because you will then get the enthusiasm of the supporters and you will get the financial backers and for my old club to do well (financially), they have got to win games."
