Jack's book, My Sporting Life, is going for $10 at Angus & Robertson. I'm almost done reading and all those questions are answered in it.

He also makes some interesting observations regarding the re-structuring of contracts to Whitnall, Kouta, Campo and Lappin and basically predicted there would be issue's with those players when it came time to re-new their contracts.

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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

I find it amazing that people still bag Elliot and use him as a Scape Goat for all that is wrong with Carlton and the world today!!!!. The Reality of
this game is that the only thing that really counts is Holding up the Premiership Cup at the end of the year. I dont give two hoots if we have the most members or the most impressive Balance Sheet in the AFL. Its all about winning on the ground. If that happens then the rest falls into line. So maybe any one who disagrees should catch up with Eddie and have a latte with him at the lexus centre and talk about balance sheets and great profit results I'm sure thats what footy's all about.

Can't win premierships with no money to play players. That is why I was interested in finding out what our financial position is in now?

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Mjonc signing off at 8888

The other thing about the Legends Stand was that in its original configuration it would have boosted capacity of OO up to 45,000.

It would have been higher and the line of sight would have been more less shallow.

If this development was allowed to take place as originally planned - then the Dockland Stadium with only a slightly larger capacity at 54,000 would have been harder to justify.

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"Hence you will not say that Greeks fight like heroes but that heroes fight like Greeks"?

Winston Churchill

You realise you've just contadicted your first assertion with your last couple of sentences?
If Footy's all about winning flags, why is Collingwood so profitable then?

No, footy shouldn't be about the bottom line, but these days it usually is. Winning and the bottom line are 2 parts of a yin/yang dance. Collingwood concetrate only on 1, that's why they never get the other (in part).

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And so while others miserably pledge themselves to the pursuit of ambition and brief power, I will be stretched out in the shade, singing.

This account is based on my own observations and theories only but

When Carlton originally decided to apply for an upgraded OO, it was in the context of the AFL deciding that Wacverly was doomed. The original plans was for a 45000 seat stadium with underground car park and lights. This would have complemented the MCG as Melbournes second stadium.

At the time, one Graeme Samuel was an AFL commisioner and was also an appointed (by Kennett) Melbourne City Council member when the council got sacked. To compound things he was also the Olympic Parks Trust.

By the time the concept of a Docklands stadium was being discussed, theOO plans were well advanced. MCC (council) were receptive initially. The Docklands stadium concept was given to the Olympic Parks Trust to manage. The MCC knocked back the OO proposal thereby making the Docklands Stadium much more attractive and unique.

Graeme Samuel was on the council that knocked back the OO development but he was also on the Trust that was manageing the Docklands Stadium and the AFL who decided to back the Docklands stadium over OO

Now that is a conflict of interest

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T E A M

Mike FitzPatrick.

How do the Cats get on with Skilled Stadium. That was a piece of crap ground last time I was there and yet I see they still play there. How do they trun a profit?

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"our guest is dressed by hand-me-downs, hair designed by pillow"

The devopments have been paid for by the AFL, Geelong Council and State Govt. So reserved seats, corporate returns and caterin all go to the club.

Going alone Carlton style is suicide

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T E A M

Im interested in the exact asset and liability figures that create our negative asset position.

Id think a fair bit of this would have been caused by the devaluation of the (asset) stands, when the large loan (liability) required to pay them off is still there.

It is required under the accounting standards, but devaluation exercises can affect the value of the asset in your hands and any liabilies incurred to pay it off. These invariably take the form of loans to institutions.

The critical thing here is cashflow. and what arrangement the club has with the banks to retire / service the debt that they have. How much of the original loan is still unpaid and is there some kind of arrangement with the banks to meet the payments in an easier way for the club.

Generally when you are in a negative asset position, finding cash to meet day to day operations is very difficult. Cash crises are generally what kills off businesses.

When things like, ATO fines are thrown in, it is can become difficult to make ends meet.

The interesting thing for me is that John Elliot has been done for the offence of Trading While Insolvent while a director of a company..

I wonder whether in his final year he was running Carlton FC in this way?

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My Blue Heaven

Didn't we know earlier in the year that this loss would happen?

Nothing new if that is the case.

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Writer for SuperCoach Paige www.scpaige.com.au
Twitter - @johnfeeney24