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Casey Up-date

demon3165
in Melbourne Demons

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MFC are possibly waiting for answers as to how much MCC and AFL are assisting us, to know what our short-term available funding is, and then decide what they can contribute to Casey in dollar terms.

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    MFC are possibly waiting for answers as to how much MCC and AFL are assisting us, to know what our short-term available funding is, and then decide what they can contribute to Casey in dollar terms.

    Melbourne don't have to contribute anything (as far as I know).

    They were offered $500,000 in land but declined and wanted the cash instead. That cash is then being used to fund a pavilion upgrade, so essentially no money is changing hands between Casey and the MFC.

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    Initially the deal proposed was:

    * MFC contributes $500,000 cash to the project

    * MFC receives a $500,000 block of land

    * MFC receives access to a $1.6 million facility.

    MFC then sought a larger facility to be built at an extra cost of $500,000, and asked the Council to swap its gift of $500,000 land to an extra $500,000 cash contribution (up from $750,000 to $1.25 million).

    This meant that the Council had to find more cash, but was prepared to do so.

    The deal now proposed is:

    * MFC contributes $500,000 cash to the project

    * Council contributes an extra $500,000 to the project

    * MFC receives access to a $2.1 million facility.

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    •  
    The deal now proposed is:

    * MFC contributes $500,000 cash to the project

    * Council contributes an extra $500,000 to the project

    * MFC receives access to a $2.1 million facility.

    I see.

  • Quote
    Initially the deal proposed was:

    * MFC contributes $500,000 cash to the project

    * MFC receives a $500,000 block of land

    * MFC receives access to a $1.6 million facility.

    MFC then sought a larger facility to be built at an extra cost of $500,000, and asked the Council to swap its gift of $500,000 land to an extra $500,000 cash contribution (up from $750,000 to $1.25 million).

    This meant that the Council had to find more cash, but was prepared to do so.

    The deal now proposed is:

    * MFC contributes $500,000 cash to the project

    * Council contributes an extra $500,000 to the project

    * MFC receives access to a $2.1 million facility.

    You've done it again casey scorp.

    If only the AFL could explain these type of situations as clearly & concisely as you.

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