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DEBT DEMOLITION

w00dy
in Melbourne Demons

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This could well turn out to be the most important night in the club's history.

Its also important to think - how much does this save in the long run with regards to interest and the like? Its just enormous.

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    Yeah tell me about it, i don't understand it at all.

    Perhaps he thought he'd stick around...?

    I head they were reluctant to sign someone on a set contract in case there was a change of heart/board and we had to pay him out. Still, why put him on 460,000

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    170 people in attendence plus 25 people who couldn't make it, making it 195 x $6,000.

    Total amount pledged to be announced in a minute.

    You with ASIO or something??

    Gee glad I wasn't there, they would have skun me out...

    Great intelligence, Haydo. Thx.

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    Maybe Hutchy chipped in 8 grand for the inside scoop

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    Youre absolutely spot on Mickrocks..the Interest is a killer. Get rid of a lot of that and al lof a sudden even the same revenue stream gets much hightened results.

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    WOw! :o

    That pulls the heart strings Haydo, that is just...overwhelming.

    Many thanks from all. Now its up to the rest to eat away at the debt over August (and the interest too - yes BB).

    BB you could be spot on with the $1.75m prediction. By the end of August $3mill could be wiped off! :rolleyes:

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    Rogue, the three month "pay-out" is his payment for the three months he worked

    If so, then there was no 'payout' at all - we had simply already paid him for work that he had done (ie. wages). I think it would be unlikely that there was no severance pay. It seems more likely that the 'payout' is equal to three months of work, as has been reported:

    "McNamee lasted only 106 days, but will receive a payout believed to be $115,000, equal to three months of his annual salary at Melbourne."

    http://www.news.com.au/dailytelegraph/stor...5016161,00.html

    "The Demons are contractually obliged to give the departing chief executive a payout of about $115,000."

    http://news.realfooty.com.au/sport/paul-mc...80723-3jmn.html

    If there was in fact no payout, we've done a terrible PR job.

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    That's why I used quotation marks, and why Distance Demon provided that summary.

    Because we (or me at least) don't think it was a payout, but actually just payment for his time in the job. And i'm happy to be proven wrong, as that would correct my judgement on the matter

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    If this info eventuates, it'll be more than 1.75 i'm thinking

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    Foxtel are giving dollar for dollar, up to 100 grand, so that's 1.85M already by your estimates...

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    never so happy to be wrong !! :D ;)

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    Haha don't wanna be greedy but i'm hoping if half, 100 donate 6 thats 600, and 95 donate twice that, that's already about 1.75, not including if some put more in

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    never so happy to be wrong !! :D ;)

    $2,013,000 the final amount raised.

    No Ron Walker btw.

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    Don't think i've ever been so nervous away from gametime

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    Holy moley! That is amazing, our club is on the up people

    GO THE MIGHTY DEMONS. i'm going to save as much as i can all month and donate as much as possible in one hit

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    $2,013,000 the final amount raised.

    No Ron Walker btw.

    Wholly siht!

    Wow.

    That's brilliant, that's this years $2million debt wiped off already!

    That will be front page news tomorrow.

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    :blink::blink::o

    well....thats ...quite...remarkable...

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    I am stoked with that effort. It still won't get the filth off the back and front pages though.

    :lol:

    Tomorrow's Headlines:

    DEMONS TURN CORNER

    PIES LIES PUT CLUB IN TURMOIL

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    Thats fantastic news

    Some very generous people have just help stabilise the foundations of this great club.

    Thankyou each and every one.

    Any calls from India by any chance Haydo??

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    Best news ive heard for a while. Its all well and good to demolish the debt but we really need to start making profits. This is a great start though

    I read on big footy

    "There is still one function left for the members who are willing to donate between the 500-1000 buck mark, so hopefully we can get 200-300k from that as well, a great start to wiping that 5 million debt."

    ANyone know what this function is? I would be happy to go

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    check debtdemolition.com.au now!!!

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