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Peter Jackson talks about his plans

John Crow Batty

By John Crow Batty
in Melbourne Demons

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Sir Why You Little Legend

Sir Why You Little   36,668

Posted
Posted

demons-plot-a-path-to-finals-footy-by-2016

cut and paste this in your browser and click first link (works for me...)

Thanks for the Headline.

I got to read it.

Such a shame Patrick Smith works for C Montgomery Burns as he is the best daily sports journo in this country by a mile.

Good to see my club is AIMING for September again

God damit the last 10 years were such a waste of everything.

10 wins this year is what we should AIM at....

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jabberwocky Redleg

jabberwocky   2,301

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Good to see my club is AIMING for September again

I think we were always aiming for September.

We just had crap shots aiming at a moving target.

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Sir Why You Little Legend

Sir Why You Little   36,668

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I think we were always aiming for September.

We just had crap shots aiming at a moving target.

"The Red & Blueprint" Schwab produced finished at the end of August and new year was Draft Day.

He had no idea what September was...!

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daisycutter Legend

daisycutter   29,341

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I cannot get it work in Firefox either.

This method usually works but not today.

might depend too on which search engine your browser is defaulted to

mine is chrome + google, IE usually defaults to bing or ask depending which way the wind is blowing when installed

try changing search engine

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Lucifers Hero Legend

Lucifers Hero   38,985

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Posted (edited)

Wait, our debt is back out to $7.5 million?

I was also curious about this, so I had a look at our official accounts. The $7.5m isn't obvious so it must be several figures combined. It also depends on what is defined as 'Debt'.

To give a little insight: It seems that 'Total Liabilities' have actually gone down from $14.0 in 2013 to $12.9m in 2014. Of this 'Loans' (in layman terms) in 2014 are $1.2m for gaming and $3.7m for operating. (Total $4.9m). The operating 'loan' facility was created during 2013, so there was no new debt last year.

We can relax (sort of) as our overall debt position hasn't changed during 2014 but it is somewhat disconcerting that in 2013 we had to borrow about $3.m for operations. This was in addition to the AFL extra dollars to restructure.

The good news is that I read somewhere that PJ expects our 'debt' to be halved in the next 2 years.

Edit change to 2 years in last sentence.

Hope this helps those that were also curious.

Edited by Lucifer's Hero
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daisycutter Legend

daisycutter   29,341

Posted
Posted

I was also curious about this, so I had a look at our official accounts. The $7.5m isn't obvious so it must be several figures combined. It also depends on what is defined as 'Debt'.

To give a little insight: It seems that 'Total Liabilities' have actually gone down from $14.0 in 2013 to $12.9m in 2014. Of this 'Loans' (in layman terms) in 2014 are $1.2m for gaming and $3.7m for operating. (Total $4.9m). The operating 'loan' facility was created during 2013, so there was no new debt last year.

We can relax (sort of) as our overall debt position hasn't changed during 2014 but it is somewhat disconcerting that in 2013 we had to borrow about $3.m for operations. This was in addition to the AFL extra dollars to restructure.

The good news is that I read somewhere that PJ expects our 'debt' to be halved in the next 12 months.

Hope this helps those that were also curious.

yes, but which debt is he talking about? :lol: did he quantify it?

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Lucifers Hero Legend

Lucifers Hero   38,985

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yes, but which debt is he talking about? :lol: did he quantify it?

Just for you dc I went in search of the reference: "He also predicted a similar result this year to the $161,000 profit posted for 2014, which followed a $3 million statutory loss basically inherited by Jackson the previous year. After becoming debt free under the presidency of Jim Stynes several administrations previously, Melbourne have built up a current debt of $7.5m, which Jackson confidently predicts will be reduced by half within two years. “This club has a very bright future,” he said."

from http://www.theaustralian.com.au/news/demons-plot-a-path-to-finals-footy-by-2016/story-e6frg6n6-1227260519589

This quote also explains the $3.0m we had to borrow in 2013 was to cover the 'loss basically inherited by Jackson the previous year'.

Note: I've edited my latest post to read 'in 2 years'

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