Please name the last year we had a statutory financial gain, prior to MlG taking over?

(I don't know the answer to this question, but I'd guess it's been some time). My point is, he didn't exactly inherit a Hawthorn.

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O say does that star spangled banner yet wave.

you find out and get back to me

no he didnt inherit hawthorn but hes been on the board for 6 years 6 months

If you can't see the positive changes that have taken place since he's been in charge you've got your head in the sand.

I suspect if the answer was in your favour, you'd have proclaimed it proudly here. As has already been said, if you can't see the many positive changes since he's taken the reigns, you're deliberately looking elsewhere. It was always going to be a big ship to steer, and turning big ships around takes time. Seeing real financial impact of that turnaround takes even longer.

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O say does that star spangled banner yet wave.

there is no assurance that the ship will turn around based on the past performance of the current board that got us here in the first place

im not shutting up until a full board election is held and members decide on a new board

as i said - if the current board get re-elected - i will be the first to congratulate them

Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.

carlton borrowed 5 mill from westpac guaranteed by the afl - we are using borrowed money to run the day to day operations of the club

we are potentially insolvent

page 30 annual report 2016

Look, MF, I'm not saying MlG is a white night, saviour, Jesus H Christ or the Easter Bunny. I'm just saying that maybe he's going OK, given the sweeping change and improvement we've seen in our football department. Has it occurred to you that the "Independent Nominations Committee", though not exactly "independent", was set up to *prevent* factions on the board, rather than enable them? Do you think Chris Judd would have joined the board if he thought it was a token position, and that change wasn't coming/inevitable?

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O say does that star spangled banner yet wave.

Wasn't that last decade?

Before depreciation on our worthless stands, we made a $1m profit. A $2m turnaround on the previous year. Not bad for our on field result.

Jury is still out on our board, but your claim that we're trading on borrowed money is laughable.

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"The ability to speak doesn't make you intelligent." Qui-Gon Jinn 15-05-2005

"there’s more chance of me becoming the full forward for the [Western Bulldogs] than there is of any change in the Labor Party." Julia Gillard 18-05-2010

There was a statutory loss in 2016
The 2 million turnaround was substantially contributed by retirement of 2 highly paid players
The 5 million loan fully utilized takes our debt position to 6.5 million created by this board

Yes its laugable...

Lies, damned lies and statistics...

I haven't seen the club's financial reports, but if it has a five million dollar loan or facility it doesn't mean anything with regards to solvency. If the assets are $20 million, then that's miles from insolvency. As for trading on borrowed money, if that wasn't possible, then you'd have to wind up virtually every commercial entity in the country.

The financial state of any organisation has to be seen as a whole, not just from selective figures to suit an argument, and if there was any concern about our club's commercial viability I think we would've heard a whisper or two by now.

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"The old believe everything, the middle-aged suspect everything, and the young know everything." Oscar Wilde

Hmm, would you like an easier question Mozzie ?

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The problem with Socialism is, you eventually run out of other people's money.

read the annual report page 5 item 7 - there is your answer

there is not a disclosure of information that would unfairly prejudice the club

i have names but im not going to release a potential future ticket - all in good time my friend

Good. I hope they have something of value to add. We need good people applying and selling their vision to the members.

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Everyone looks good in Navy Blue

You're saying our TPP went down by almost $2m?

Correct me if I'm wrong, but the loan consolidated a stack of debt incurred by previous boards.

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"The ability to speak doesn't make you intelligent." Qui-Gon Jinn 15-05-2005

"there’s more chance of me becoming the full forward for the [Western Bulldogs] than there is of any change in the Labor Party." Julia Gillard 18-05-2010

Game, set and match

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Between our dreams and actions lies this world

where does it say on the Annual Report the 5 million consolidated a stack of debt incurred by previous boards?

Where did I say it did? It wouldn't be in the Annual Report.

Are you saying we were debt free, with no loans, before this board?

_________________
"The ability to speak doesn't make you intelligent." Qui-Gon Jinn 15-05-2005

"there’s more chance of me becoming the full forward for the [Western Bulldogs] than there is of any change in the Labor Party." Julia Gillard 18-05-2010