Joe Russo wants on the board

[UpTheGuts]

Good to read in an email from the Club that Caydon will continue to sponsor Richmond in 2016

 

[Komrade_Tiger]

My idea is teaming with a phone & data provider to offer TigerTime, a tailored call & 4G package offered only to RFC members that excludes from the data cap any content accessed via the RFC website or app. Thus driving web & app traffic & expanding exposure for other sponsors & Club services/ offerings.

After every Richmond win, 250MB is added to that user's data allowance for that month.

Could get $10 per user per month from the provider and would enable targeted advertising to users more likely to go for a given product or service. I doubt it'd need to be the cheapest offering on the market.

X 40,000 or so users & that's proper $, and quite scalable. Most favoured nations clause so we always do better than any other club who follows suit.

Expand to home broadband, for higher commission, more chance of upsell to other provider services (movies etc) & more upside for users, providers, Club & sponsors.

Copyright UpTheGuts 2015

.....that would be incredibly difficult

 

[Infamy]

.....that would be incredibly difficult

and make very little money
Pretty sure Telstra content isn't included for Telstra mobile users anyway which rules out a massive chunk of potential customers

 

[Komrade_Tiger]

and make very little money
Pretty sure Telstra content isn't included for Telstra mobile users anyway which rules out a massive chunk of potential customers

correct, under they're bigpond service there are bigpond unmetered sites (which Afl.com is one of them IIRC) no way known could we (the club) do it ourselves

 

[Hot tigers]

It would mean going into debt though wouldn't it? I am not against this as I think it will be inevitable.

Any investment depending on RFC depreciation lodgements can expose us to debt, and this isnt a bad thing... Depending on how they budget!!

 

[UpTheGuts]

I'd be inclined to stick with pretty liquid investments
Only $450k profit, dependent on JDF donations, achieved in a record year in almost everything off-field shows there's not much margin for a pullback, if that was to happen.

 

[Ned_Flanders]

I'd be inclined to stick with pretty liquid investments
Only $450k profit, dependent on JDF donations, achieved in a record year in almost everything off-field shows there's not much margin for a pullback, if that was to happen.

You keep mentioning the JDF contribution, by why are you ignoring what it was spent on?

The whole point of the JDF is to raise money to spend on club infrastructure. Are you saying the $800k was NOT used for club infrastructure and just used to achieve profit?

 

[UpTheGuts]

You keep mentioning the JDF contribution, by why are you ignoring what it was spent on?

The whole point of the JDF is to raise money to spend on club infrastructure. Are you saying the $800k was NOT used for club infrastructure and just used to achieve profit?

I'm saying without a big JDF contribution we are in a loss. I don't think we can regard those inflows as reliable or recurring, certainly not of that magnitude.

And that our commercial and football revenues were insufficient to pay our expenses.

Isn't it just a little bit weird that in a record everything year, we needed donations to post a profit?

And just a tiny bit concerning?

 

[Ned_Flanders]

I'm saying without a big JDF contribution we are in a loss. I don't think we can regard those inflows as reliable or recurring, certainly not of that magnitude.

And that our commercial and football revenues were insufficient to pay our expenses.

Isn't it just a little bit weird that in a record everything year, we needed donations to post a profit?

And just a tiny bit concerning?

No, no it's not

The JDF is like a piggy bank for infrastructure

We as fans put in a little every year as a donation

If the club is spending on infrastructure, they take the relevant sum from it. If not, they don't

If we are using the JDF it's because we are spending on infrastructure, which we did, and which the money is for

 

[UpTheGuts]

JDF balance?
I presume the $ went to the further grandstand improvements

Would they be on capital account?

 

[Ned_Flanders]

JDF balance?
I presume the $ went to the further grandstand improvements

Would they be on capital account?

Not sure, been ages since I checked

Off memory it's a seperate trust donations are sent directly too, and I believe there is a trustee (no idea who) who manages it to make sure it's not a arm account

As for "grandstand" improvements, my understanding is its to the buildings as a whole. Remember the JDF made a contribution to what was the me bank centre

This year we had works on the stand in any case (remember early in the season it was being completed)

 

[UpTheGuts]

Not sure, been ages since I checked

Off memory it's a seperate trust donations are sent directly too, and I believe there is a trustee (no idea who) who manages it to make sure it's not a arm account

As for "grandstand" improvements, my understanding is its to the buildings as a whole. Remember the JDF made a contribution to what was the me bank centre

This year we had works on the stand in any case (remember early in the season it was being completed)

Yeah, the cost of those was circa $1.5m - close to the depreciation & amortisation exp for the year so I guess that explains the PP&E staying about the same

 

[Infamy]

I'm saying without a big JDF contribution we are in a loss.

Only if we paid for those infrastructure upgrades out of our cash reserves
Or... if we don't get the JDF donations, we don't pay for those upgrades and still have the same profit.

 

[Ned_Flanders]

Only if we paid for those infrastructure upgrades out of our cash reserves
Or... if we don't get the JDF donations, we don't pay for those upgrades and still have the same profit.

Off memory it's normally a proportion or part of the cost, can't recall something being 100% funded by the fund (happy to be corrected)

 

[UpTheGuts]

Only if we paid for those infrastructure upgrades out of our cash reserves
Or... if we don't get the JDF donations, we don't pay for those upgrades and still have the same profit.

Those upgrades were required, and are ongoing. It's still gravel behind punt road end.

Hopefully the JDF continue to pay for things we can't pay for out of operating revenues

$900k a big whack.

 

[UpTheGuts]

Off memory it's normally a proportion or part of the cost, can't recall something being 100% funded by the fund (happy to be corrected)

Would make sense - $900k paid out, $1.5m spent. $600k from reserves/ revenues

 

[Ned_Flanders]

Those upgrades were required, and are ongoing. It's still gravel behind punt road end.

Hopefully the JDF continue to pay for things we can't pay for out of operating revenues

$900k a big whack.

I believe the idea is for the fund to be ongoing, which is why it wasn't tapped out in the major upgrade - we will always have a need for these projects

 

[Infamy]

Those upgrades were required, and are ongoing. It's still gravel behind punt road end.

Hopefully the JDF continue to pay for things we can't pay for out of operating revenues

$900k a big whack.

Where do you think the money from the JDF comes from anyway? Its still donations to the club and fundraising. Without it we'd still get a lot of them, only they wouldn't be tax free for those donating so maybe it would be a little less.

 

[UpTheGuts]

Where do you think the money from the JDF comes from anyway? Its still donations to the club and fundraising. Without it we'd still get a lot of them, only they wouldn't be tax free for those donating so maybe it would be a little less.

I have no visibility on the JDF's size & annual injections, and hence predictability of support.

Did we just run it dry? And absent going cap in hand again will we be limited in making further, pretty basic, upgrades to Punt Road?

We can't have hired portaloos at VFL games forever

 

[Ned_Flanders]

I have no visibility on the JDF's size & annual injections, and hence predictability of support.

Did we just run it dry? And absent going cap in hand again will we be limited in making further, pretty basic, upgrades to Punt Road?

We can't have hired portaloos at VFL games forever

So now you're saying they have run the fund dry because we have portaloos at the ground?

You really are scrapping the barrel to slam the use of this fun

 

[UpTheGuts]

So now you're saying they have run the fund dry because we have portaloos at the ground?

You really are scrapping the barrel to slam the use of this fun

Nah, I'm saying the need to upgrade Punt Road is ongoing & our operational revenues are insufficient (and have been shown to be insufficient) to pay for the latest round.

It'd be nice to know how much is going into JDF and its balance, and hence what we have available to use/ request absent dipping further into our reserves. Yes? How is that controversial?

 

[Sir_Loin]

Joe

The Caroline Wilson article made a good point today and something that also crossed my mind on your website

You clearly feel that we missed out on Adam Treloar because of an inability to meet his terms. Being an coterie member, business man and passionate Richmond man what is it specifically you feel we weren't able to offer Treloar over the pies and what is it you would do if elected that would help Richmond land a similar talent in the future?

 

[Infamy]

Nah, I'm saying the need to upgrade Punt Road is ongoing & our operational revenues are insufficient (and have been shown to be insufficient) to pay for the latest round.

It'd be nice to know how much is going into JDF and its balance, and hence what we have available to use/ request absent dipping further into our reserves. Yes? How is that controversial?

How much do the other clubs need to spend on refurbishing old grandstands at their historical home grounds?
I also don't see how its a necessary expense, the grandstand hasn't been used in decades so why do we have to spend the money on doing it up now?

 

[Ned_Flanders]

Nah, I'm saying the need to upgrade Punt Road is ongoing & our operational revenues are insufficient (and have been shown to be insufficient) to pay for the latest round.

It'd be nice to know how much is going into JDF and its balance, and hence what we have available to use/ request absent dipping further into our reserves. Yes? How is that controversial?

All up until the point when you allude that the fund is broke because of portaloos being used

Can tell you right now the club have more works plans in mind, and are working to secure the necessary funding to do them all (some are larger than others, and thus are more mid term)

Also if you are genuinely interested, ask the bloody club. You are eager to slam without being ****ed to even pick up the phone

 

[UpTheGuts]

How much do the other clubs need to spend on refurbishing old grandstands at their historical home grounds?
I also don't see how its a necessary expense, the grandstand hasn't been used in decades so why do we have to spend the money on doing it up now?

Few play VFL games at their main training base. Not exactly apples with apples.

Vic Park has equivalent facilities for fans and it's a dog park during the week.

It'd be nice to have the choice.
And so, after doubling down on footy spend, not winning a final, being mid-table in FD expenditure, and having our best ever membership, sponsorship, revenue & digital engagement etc, we scraped a profit on the back of the benevolence of an infrastructure fund, which may or may not be empty.

Of course I want us to invest more into footy. As I must have said a bazillion times, this year's financials reveal we can't do that on the scale of previous increases without dipping into loss, ceteris paribus