The question is, what do they do with the money once it's secured.

I don't really dabble in investment much, but in the hands of a good financial advisor, the money would outperform current interest rates.

So would it be better to hold onto the sum for a bit then repay the debt, or simply to wipe the debt out?

Pay out Denis...
But when you think what a huge debt 7 mill is... and you see what Kouta gets .. it puts things into perspective eh???

We have a turnover of 19 mill.. and 1 of those goes to Kouta...

_________________
Due to recent budget cuts and the rising cost of electricity, gas, and oil....... the Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.

They pushed it back long enough Synners, not the topic, he signed a deal and they have to honour it.

I think it would be a smarter idea to pay the overdraft and invest the surplus if possible.

Lets see,...Dennis is 7 to1 to be the first coach sacked this year, $1m carefully placed would reap....umm..hang on...$7m!!!

_________________
Oompa loompa doompety dee
If you are wise you'll listen to me

I think this is great news. If I remember correctly, Visy was a big sponsor previously but then suddenly the sponsorship was dropped to a minor?? Why is this I wonder??

I hope this comes to fruition. I was at the AGM earlier in the year & was absolutely disgusted with the way the board handled themselves as I mentioned at the time. We have nothing to lose. This is a great opportunity to clear our debt quickly rather than suffer through another few years.

As far as I'm concerned, Richard Pratt has been a very loyal supporter of our club & those who have complained about the fat cats not coughing up..... here it is. Get on board everyone. This is exactly what we need!!

_________________
Witty signature required.

*New board...


* pay off the debt...



*review all positions at the club..

*Pay whoever needs to be paid out.

*Build an infrustructure that will earn the club money going forwards... with an emphasis on marketing

*Continue to invest in kids

* go after any new player out of contract young enough and deemed worthy...

*continue with the training facility redevelopment...


...and away you go....

-give it 3 to 4 years and BANG!!!...flag time..

_________________
Due to recent budget cuts and the rising cost of electricity, gas, and oil....... the Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.

More than anything this would have to completely piss the AFL off!
Pure Gold if it were true! Sucked in Dimetrispew.

I think I would just pay it all off. Money that is supposed to pay off debt has this uncanny ability to spend itself on operating expenses at our club. I would hate for Pratt to give us $7m to clear our debt, and then find out in 12 months time that we're still $3m in debt and the money is all gone.

BT was also first with the announcement that Matty Lloyd's hamstring would keep him out for the season....and he was spot on!

Another idea is to keep the $3 mill ticking over in investments, and using the profits on wiping the debt.

Market investment needs to be used as a way to utilise our assets.

Beware knights in shining armour! This sounds TOO good to be true. I hate to be negative but there must be a catch. I hope not but something smells!

Yeah... there might be a catch with this knight.. or then again we can go to the AFL..... (no catch there).. and keep the current board...

I wonder what we should take???

Of course there is a catch.. they will hand pick their people.

I dont usually agree with that.. but were 7 mill in debt and the people in there at the moment are not competant..

Noone gives anyone 7 mill without a 'catch'... but right now were screaming for help...and id jump on it .. if its true...!!!... the alternative to it was shocking Thursady night..

_________________
Due to recent budget cuts and the rising cost of electricity, gas, and oil....... the Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.

I guess I'd rather build our assets again by attractin sponsors and members back to the club again with a "fresh slate" pitch. You know:

the debt is gone
the crap players are gone
look at all our wonderful draft picks
come join us and be part of the renaissance of this great club ...

Once we're starting to generate profits again then by all means invest till our hearts content. That's just me though, and I'm sure Mr Pratt will have a good idea how he wants the money spent.

thats how i would do it too...

_________________
Due to recent budget cuts and the rising cost of electricity, gas, and oil....... the Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.

Is that you President Smorgan?


If this eventuates, it is an amazingly generous gesture from a family that is true navy blue. Even though they have squillions, $7,000,000 is massive.

_________________
There's so much I could say...

Spot on. We're stuffed anyway. What have we got to lose.

The main criticism of late the been the boards' inability to take risks. Let's take a risk and see what happens. Richard Pratt is a Carlton man, through & through, let's see what happens. It can't be any worse than what it's like now.

_________________
Witty signature required.

I know I said there must be a catch - I'm happy if it for the long-term good of the club. We can't really bag the current board (not yet anyway). We need to give them a go. I feel this is a Smorgon vs Pratt show!

The two families have a historically amicable relationship so I dont think there's much chance of a showdown..

Youre wrong.. the two familes dont really get along.....

_________________
Due to recent budget cuts and the rising cost of electricity, gas, and oil....... the Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.

You CANNOT be further from the truth!