Lockhart Road
Cultural Attache
- Mar 26, 2013
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- #301
How the 2022 Koch & Ken AGM sounded up here
Appointment of directors, cheap debt, The Bars, Cardone, committees ….
1. The AFL does not choose and appoint the appointed directors, Koch does. He’s the Boss.
2. The AFL rubber-stamps everything Koch and the Club put before them. Except the Bars.
3. The Club’s debt was reduced to 9 million, this year it will be reduced to 7 million. In 2014, not long after Koch arrived, the Club debt was … 7 million. Koch‘s personal bottom-line contribution to reducing debt, let alone clearing debt, has been zero.
4. It suits Koch’s manufactured image to look financially clever playing with someone else’s cheap money, rather than clearing Club debt completely and thereby gaining AFL trust (all gone as at 2012) and vital respect from the AFL - respect that is still not there, thus enfeebling our protests and undermining our quest to wear the Bars for home Showdown and ANZAC round each and every season.
5. Eddie McGuire, not long ago whilst still Collingwood president, made fun of us on national TV as a ‘have not’ club, i.e.: a club in debt; he implied that we should first get ourselves out of debt before talking to Collingwood about perhaps wearing the Bars. Koch admitted at the AGM that Collingwood is the party we are required to discuss the Bars with, not the AFL.
6. Koch avoided mentioning that his bestie Who Cares About the Bars Cardone, by staying put as a 2012 appointed director, has his tacit consent to bring three more years of conflict of interest as Eddie’s CEO into the board room … whilst the uncorrupted among us are expected to chase a greatness that is rendered into an impossible dream by a dystopian pecking order that ranks Collingwood above us and, so long as he is seen to physically do SFA about it, is accepted by our chairman.
7. “This is not a club that is run by committee,” proclaimed Koch in an attempt to point out that individual board members have individual talents and individual personal experience. He also said that Kevin Osborn was making way as deputy chairman for Jamie Restas and would now chair the Facilities Committee - one of a large number of committees that contradict the chairman by helping the Club to run. Kevin, incidentally, shot down KT’s dream of an Alberton Oval Redevelopment back in 2018 (when State Grid Corporation of China indicated they were keen to grant $20,000,000 to build it) because, he said, the Club could not afford to meet the future running costs of such an ambitious project.
China
8. Andrew Day stepping down as appointed director means the Club is now finished with dealing directly with China in a quest for new, more diverse and bigger revenue streams. Andrew was the director responsible for this day to day, no pun, with Tony Zhang in Shanghai and Promise Xu at Alberton reporting to him. The Club will continue a ‘China Strategy’ minimised to maximising return from the sponsors and partners with a China connection that we already have, predominantly MG … whilst hoping that new Australia-based PRC companies impressed with our China history and sympathetic to our no-China future will come knocking.
9. Mr. Gui was not acknowledged by Koch, which was primitive of him. Shanghai CRED remains, per the website, a platinum partner of our Club.
Hinkley
10. Nothing to report. Except that there’s now more of him to point a finger at (see avatar).
Appointment of directors, cheap debt, The Bars, Cardone, committees ….
1. The AFL does not choose and appoint the appointed directors, Koch does. He’s the Boss.
2. The AFL rubber-stamps everything Koch and the Club put before them. Except the Bars.
3. The Club’s debt was reduced to 9 million, this year it will be reduced to 7 million. In 2014, not long after Koch arrived, the Club debt was … 7 million. Koch‘s personal bottom-line contribution to reducing debt, let alone clearing debt, has been zero.
4. It suits Koch’s manufactured image to look financially clever playing with someone else’s cheap money, rather than clearing Club debt completely and thereby gaining AFL trust (all gone as at 2012) and vital respect from the AFL - respect that is still not there, thus enfeebling our protests and undermining our quest to wear the Bars for home Showdown and ANZAC round each and every season.
5. Eddie McGuire, not long ago whilst still Collingwood president, made fun of us on national TV as a ‘have not’ club, i.e.: a club in debt; he implied that we should first get ourselves out of debt before talking to Collingwood about perhaps wearing the Bars. Koch admitted at the AGM that Collingwood is the party we are required to discuss the Bars with, not the AFL.
6. Koch avoided mentioning that his bestie Who Cares About the Bars Cardone, by staying put as a 2012 appointed director, has his tacit consent to bring three more years of conflict of interest as Eddie’s CEO into the board room … whilst the uncorrupted among us are expected to chase a greatness that is rendered into an impossible dream by a dystopian pecking order that ranks Collingwood above us and, so long as he is seen to physically do SFA about it, is accepted by our chairman.
7. “This is not a club that is run by committee,” proclaimed Koch in an attempt to point out that individual board members have individual talents and individual personal experience. He also said that Kevin Osborn was making way as deputy chairman for Jamie Restas and would now chair the Facilities Committee - one of a large number of committees that contradict the chairman by helping the Club to run. Kevin, incidentally, shot down KT’s dream of an Alberton Oval Redevelopment back in 2018 (when State Grid Corporation of China indicated they were keen to grant $20,000,000 to build it) because, he said, the Club could not afford to meet the future running costs of such an ambitious project.
China
8. Andrew Day stepping down as appointed director means the Club is now finished with dealing directly with China in a quest for new, more diverse and bigger revenue streams. Andrew was the director responsible for this day to day, no pun, with Tony Zhang in Shanghai and Promise Xu at Alberton reporting to him. The Club will continue a ‘China Strategy’ minimised to maximising return from the sponsors and partners with a China connection that we already have, predominantly MG … whilst hoping that new Australia-based PRC companies impressed with our China history and sympathetic to our no-China future will come knocking.
9. Mr. Gui was not acknowledged by Koch, which was primitive of him. Shanghai CRED remains, per the website, a platinum partner of our Club.
Hinkley
10. Nothing to report. Except that there’s now more of him to point a finger at (see avatar).
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