Opinion Commentary & Media VI

[Le Grille]

Imagine our next to nothing interest bill compared to say the Saints now that rates are on the rise.

It needs to be balanced.

We can’t run at St Kilda levels of debt, but we also can’t water down the football program to make the books look good.

The core mission should always be setting up a football program that has the ability to win a premiership and then working the finances around that mission.

As a supporter would anyone have too much of an issue if the club asked us to pay an extra $20 on our membership each year which gives us an extra $800k to $1M to invest solely in the football program?

Yep honestly if we were running at a loss we’d be punted to tassie sooner than you could say tassie. The finances needed to be in order.

Again assuming we change coaches what other FD stuff hasn’t been addressed. The results suck for sure but they are not ignoring it in my opinion.

The next 6months is pretty important though really have to nail the new coach, lm guys

 

[Danni_Benson]

We are such a spineless club ATM

Perhaps they think the break will do JHF good?

 

[Le Grille]

Perhaps they think the break will do JHF good?

I’d say there’s a fair bit to this theory

 

[Danni_Benson]

I’d say there’s a fair bit to this theory

I do tend to think that’s why they’re not challenging it. More for his sake. Mini break and a freshen up mentally for him.

 

[Le Grille]

I do tend to think that’s why they’re not challenging it. More for his sake. Mini break and a freshen up mentally for him.

It wouldn’t be the worst thing for him

 

[Orange Peanut]

Perhaps they think the break will do JHF good?

Between that and the ridiculous coverage he'd have to endure for the 24 hours leading up to it, you'd just cop the 2 I reckon.

 

[Shinboner1]

Anyone interested?

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[Val Keating]

Sick of losing so he wants to go back to Adelaide or port?!

Should’ve heard Corn when Kingy told him Port are looking at a rebuild. Corn mentioned 3 young players and then Kingy rattled off all their older players, Corns response was that all clubs have older players, Kingy then reminds him that they’re all Ports best players. Was beautiful

 

[TennisPlayerAndy]

Anyone interested?

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This has giantroo written all over it.

 

[Mcarcherey]

Imagine our next to nothing interest bill compared to say the Saints now that rates are on the rise.

it's great to say we have no debt.... but interest rates are still very low and with how high inflation is, it's very prudent to get as much debt as you can.

 

[chubbspeterson]

Spineless.

The JHF decision could’ve been reduced to one week and the Young decision could’ve been fought at the tribunal to get off.

Both deserved what they got imo. You can't take a round arm and closeline a guy's neck/throat.
Lachie Young was clumsy as f and incredibly dangerous, could've broken the guys neck.

 

[Billy Not Really]

Both deserved what they got imo. You can't take a round arm and closeline a guy's neck/throat.
Lachie Young was clumsy as f and incredibly dangerous, could've broken the guys neck.

Hogan dived at it, Young barely grazed his head in the slip over with the oncoming collision that if he stood his ground would’ve done some serious leg injuries to Young.

And the JHF one is complete bull, it was over the shoulder to the high chest and barely grazed his jaw and Kelly should’ve been fined for staging.

This is a hand of decisions in the wake of Ainsworth concussing our KPD in McKay and getting off scot free, I implore you to look over that footage again and tell me that its as serious as you’re painting it to be.

 

[Samsquanch]

Both deserved what they got imo. You can't take a round arm and closeline a guy's neck/throat.
Lachie Young was clumsy as f and incredibly dangerous, could've broken the guys neck.

 

[Le Grille]

it's great to say we have no debt.... but interest rates are still very low and with how high inflation is, it's very prudent to get as much debt as you can.

Not for the sake of it. It is absolutely not prudent.

The only good debt is debt related to a capital expansion so there is scope to repay it in the future, so unless we acquire an asset there is no reason to go into any long term debt. Effectively the only debt we should carry without major assets is an overdraft to deal with cashflow spikes and dips.

 

[The Dingrel]

Perhaps they think the break will do JHF good?

Tend to agree.... I'd like to see Lazarro come in for a run, potentially McGuinness for Young.

 

[Harris 10]

Perhaps they think the break will do JHF good?

But think of the media, the rags could've got another 5 stories a day out of it, the radio an extra 4 hours air time and how are they going to fill the space on award winning shows like Classified.

 

[iSmack]

JHF needed the suspension….

His been getting away with poor on-field behaviour.

His shown flashes of talent….nothing else….he hasn’t earned the right to run his mouth.

His played 12 weeks of footy and thinks his a legend….

Quickly becoming my least favourite player at this particular point…..hope he can turn it around.

 

[Mcarcherey]

Not for the sake of it. It is absolutely not prudent.

The only good debt is debt related to a capital expansion so there is scope to repay it in the future, so unless we acquire an asset there is no reason to go into any long term debt. Effectively the only debt we should carry without major assets is an overdraft to deal with cashflow spikes and dips.

i'm not saying to spend $1m on 'leadership courses' and go into debt for the sake of it. but if the club has expansion plans, it should be done now, it's the best time to be in debt. we're under resourced, get as resourced as possible while money is cheap.

 

[Le Grille]

i'm not saying to spend $1m on 'leadership courses' and go into debt for the sake of it. but if the club has expansion plans, it should be done now, it's the best time to be in debt. we're under resourced, get as resourced as possible while money is cheap.

Under resourced in what way though?. Only personel which is a day to day operation and not the sort of thing you take long term debt out for. That’s what you use an overdraft for which ones we sign the replacements for Coaching and list management.

It’s wise to make those changes in a manner that minimises the financial cost at this point of the year. Using a loan to pay for it is exactly how the debt gets out of control.

Given we are restricted by soft cap and salary cap spend I’d say we are pretty unlikely to see a major difference year on year in what those spends are just the actual people that are paid it.

No need for getting a loan doesn’t suit the purpose to rectify the problem

 

[Mcarcherey]

Under resourced in what way though?. Only personel which is a day to day operation and not the sort of thing you take long term debt out for. That’s what you use an overdraft for which ones we sign the replacements for Coaching and list management.

It’s wise to make those changes in a manner that minimises the financial cost at this point of the year. Using a loan to pay for it is exactly how the debt gets out of control.

Given we are restricted by soft cap and salary cap spend I’d say we are pretty unlikely to see a major difference year on year in what those spends are just the actual people that are paid it.

No need for getting a loan doesn’t suit the purpose to rectify the problem

well saint kilda may be in $12m debt, but they have $33m in PPE, north is at $17m. I'm all for efficiency, but it's constantly said we're under resourced, i not sure why you're asking me to detail out something that's supposedly common knowledge in footy circles. it's probably a large reason why we can't get any big name recruits...

i understand when to use a overdraft, but you don't for large projects to get the club up to a level playing field with the rest of the comp.

as a finance expert, these are the times to get into debt. i'm saying to move forward large expansion projects. it's also great for marketing, reassuring we're stamping ourselves in North Melbourne.

 

[Le Grille]

well saint kilda may be in $12m debt, but they have $33m in PPE, north is at $17m. I'm all for efficiency, but it's constantly said we're under resourced, i not sure why you're asking me to detail out something that's supposedly common knowledge in footy circles. it's probably a large reason why we can't get any big name recruits...

i understand when to use a overdraft, but you don't for large projects to get the club up to a level playing field with the rest of the comp.

as a finance expert, these are the times to get into debt. i'm saying to move forward large expansion projects. it's also great for marketing, reassuring we're stamping ourselves in North Melbourne.

I’m asking what assets do you think we require that would necessitate long term borrowing? Keep in mind part of Arden st is in the process of refurb largely funded by the govt. there is facilities upgrades with in that

 

[Le Grille]

I’m asking what assets do you think we require that would necessitate long term borrowing? Keep in mind part of Arden st is in the process of refurb largely funded by the govt. there is facilities upgrades with in that

That said though, blue sky thinking I’d love to see Arden st repurposed as a boutique stadium of 25-35k

 

[Mcarcherey]

I’m asking what assets do you think we require that would necessitate long term borrowing? Keep in mind part of Arden st is in the process of refurb largely funded by the govt. there is facilities upgrades with in that

whatever resources that we're constantly told we lack in comparison to other clubs. i don't have an asset or leasehold improvement list of the club nor others to compare. $15m less than the club that's most comparable isn't great though...

 

[chubbspeterson]

Hogan dived at it, Young barely grazed his head in the slip over with the oncoming collision that if he stood his ground would’ve done some serious leg injuries to Young.

And the JHF one is complete bull, it was over the shoulder to the high chest and barely grazed his jaw and Kelly should’ve been fined for staging.

This is a hand of decisions in the wake of Ainsworth concussing our KPD in McKay and getting off scot free, I implore you to look over that footage again and tell me that its as serious as you’re painting it to be.

Not sure you'd overturn or get it reduced. It's intentional, its high (above shoulder) and you could quibble on the medium/low impact. Maybe one week is fairer but AFL would argue potential to cause injury in both JHF and Young cases was there. Ainsworth should've been suspensed imo.

 

[Le Grille]

whatever resources that we're constantly told we lack in comparison to other clubs. i don't have an asset or leasehold improvement list of the club nor others to compare. $15m less than the club that's most comparable isn't great though...

Aren’t we doing upgrades as part of the arden st Reno’s? That includes club facilities doesn’t it?