8 hours ago, Redleg said:

Let's start with increased community use of Crown land that they don't own, the chance of getting more members by an affiliation with the MFC and more people interested in racing, a more attractive area than currently exists, greater use of their facilities and services like events, functions, catering, exams, all of which provides them with income, just to name a few benefits.

I can already see an MFC day at the races, with races named after Dees champions, where all MFC members enter for free, with lots of attractions and specialty food stalls, with food named after Dees players and discounted MRC memberships being sold to MFC members and then a Dees home game at the G where the MRC members get free entry, along with some of the stuff above etc, etc, etc. 

Love it Red. Really great ideas.

I'm in the south west but would go to such an event in a heartbeat.

There's even a link to the greatest racehorse ever - Phar Lap, who was called "The Red Terror," and "Big Red".

The Red and Blue Terror stakes?

The Big Red and Blue Cup?

With Caulfield racetrack right next to Caulfield station it is incredibly accessible - particularly for people on perhaps the two most populated rail lines, Dandenong/Pakenham and Frankston.

But it's easy for me to get there too. I'm on the Laverton line which continues onto Frankston, so I wouldn't even need to change trains.

The other opportunity is building a relationship with Monash's Caulfield campus.

Perhaps let them use the ground, or offer internships for their sports or physio departments.

Promote the dees to the students, many of whom are international students who likely don't have a team.

It's a brilliant site for us. The sooner we sort it the better.

Edited December 10, 2024Dec 10 by binman

58 minutes ago, Adam The God said:

Start looking elsewhere, you reckon?

If the MRC Debts are being cleared, sure sounds like Scopus is paying Cash..

I would be a concerned neighbour if that was me….

5 minutes ago, Sir Why You Little said:

If the MRC Debts are being cleared, sure sounds like Scopus is paying Cash..

I would be a concerned neighbour if that was me….

 Cash? You do realise you can buy a property without paying 100% of your own cash. 

10 minutes ago, Sir Why You Little said:

If the MRC Debts are being cleared, sure sounds like Scopus is paying Cash..

I would be a concerned neighbour if that was me….

Scopus borrow some money from the bank. The bank gives the MRC the money. The money then goes to the MRC loans….

1 minute ago, DistrACTION Jackson said:

Scopus borrow some money from the bank. The bank gives the MRC the money. The money then goes to the MRC loans….

They won’t be borrowing that amount of money….

9 hours ago, Dee Viney Intervention said:

Thanks WJ, was unaware they have moved from the “Bear Cave”. Genuinely sad that is the case considering the connection to that ground and history with the Caulfield VFL team back in the day. 

My son played for the Caulfield bears at Koornang Park when he was a kid.  So the Juniors moved on at least 25? years ago.  Furthermore the council could be persuaded to 'move on' any club if they considered it would be better use of the facilities.

8 minutes ago, Oxdee said:

 Cash? You do realise you can buy a property without paying 100% of your own cash. 

I am well aware, am also very aware of the interest the Bank would charge to borrow that amount. 
 

Just now, Sir Why You Little said:

They won’t be borrowing that amount of money….

Sorry to be a smart [censored], I just didn’t understand how the MRC clearing debts means the school pays in cash. They may not borrow the full amount, but they may be borrowing some of it. A school of that size and with those connections would also most likely have access to private funding as well. They might borrow say 20-30% from traditional banks, another 20-30% from private equity and then fund the remainder themselves for example.

3 minutes ago, DistrACTION Jackson said:

Sorry to be a smart [censored], I just didn’t understand how the MRC clearing debts means the school pays in cash. They may not borrow the full amount, but they may be borrowing some of it. A school of that size and with those connections would also most likely have access to private funding as well. They might borrow say 20-30% from traditional banks, another 20-30% from private equity and then fund the remainder themselves for example.

You could well be right, but it wouldn’t suprise me at all if they already had the money ready to go

7 hours ago, Diamond_Jim said:

The key words in your response are "pay to use".

This is what worries me about Caulfield... We will pay $100M plus to develop the facility and then "we pay to use" it.

Contrast this with other clubs like Hawthorn etc who don't "pay to use" their training grounds

If the lease is for 99 years at $1 per year that would be different

Somewhere in all the documentation I have read I think it stated that the MRC were paying $100k pa for use of the cCrown Land....which would probably be just enough to pay the 'stipends' of the trust members.

Just now, Sir Why You Little said:

You could well be right, but it wouldn’t suprise me at all if they already had the money ready to go

Potentially, though from experience in large property related developments entities very rarely pay outright in cash. 

4 hours ago, Sir Why You Little said:

I am a bit concerned at how much money Mt Scopus are paying for their land. 
$195 million is a huge commitment and it will mean they have a large say in what happens in the future, regardless of promises made now. 
The MFC must tread very carefully with this, I would be extremely wary. 
Paying that sort of money will definitely give them a voice at Council Meetings….

 

Why? they arnt paying the money to the Council or the trust, they are paying it to the MRC

6 minutes ago, DistrACTION Jackson said:

Potentially, though from experience in large property related developments entities very rarely pay outright in cash. 

I know.

But $195 Mill is a huge amount for a school to pay, without any building costs even added. To borrow that amount would add another $30 Mill give or take

6 minutes ago, Sir Why You Little said:

I know.

But $195 Mill is a huge amount for a school to pay, without any building costs even added. To borrow that amount would add another $30 Mill give or take

That’s the price of doing business… anyway it’s just semantics really, somehow the school will be paying the MRC $195m or whatever it is.

That’s the thing I don’t get. A school with $195mill and then another god knows how much to build something. The world is completely mad.

5 minutes ago, Roost it far said:

That’s the thing I don’t get. A school with $195mill and then another god knows how much to build something. The world is completely mad.

They’ll sell squillions worth of property from their other (very large, highly lucrative) campuses to get the money. Plus in the nicest way possible, as a generalization the social / religious group they belong to are financially healthy (good at saving) and they have a large constituency / community of highly active and involved members who are prone to trying to get the best for their own such community (if they spend, they spend close to home). Simples.

31 minutes ago, DistrACTION Jackson said:

That’s the price of doing business… anyway it’s just semantics really, somehow the school will be paying the MRC $195m or whatever it is.

You are right, but i am still concerned. We are going to be the little neighbour

3 minutes ago, DemonWheels said:

They’ll sell squillions worth of property from their other (very large, highly lucrative) campuses to get the money. Plus in the nicest way possible, as a generalization the social / religious group they belong to are financially healthy (good at saving) and they have a large constituency / community of highly active and involved members who are prone to trying to get the best for their own such community (if they spend, they spend close to home). Simples.

In simple terms, they have access to the necessary funds…

24 minutes ago, Roost it far said:

That’s the thing I don’t get. A school with $195mill and then another god knows how much to build something. The world is completely mad.

they do have some good assets

3 campuses in excellent positions

the state will pay a bundle for the burwood campus esp given it is close to the new srl burwood station and its high rise development opportunity.  i'd bet they would use the sports grounds and education buildings for the uni, then free up land  where the uni football ground currently is, adjacent to gardiners creek and the station precinct. so minimal development cost for the uni given they get existing sporting facilities and education buildings all ready-to-go from scopus and fiog off the south west corner to the avaricious high rise developers. win-win

Edited December 10, 2024Dec 10 by daisycutter

15 minutes ago, Sir Why You Little said:

You are right, but i am still concerned. We are going to be the little neighbour

I understand what you’re saying, but I’m personally not too concerned. Our agreements will ensure we can utilise the ovals at the times we desire. There’s also going to be two football ovals I believe, so I’m sure it will be managed easily. Time will tell I guess.

For those wondering how Mt Scopus may fund such and project, just remember families such as the Smorgon’s and the Pratt’s have extremely strong connections to the school. I doubt they will need to borrow a cent from a bank.

1 hour ago, Sir Why You Little said:

They won’t be borrowing that amount of money….

It’s been reported that among other things, the purchase will be funded in part from the sale of its three campuses around Melbourne including a substantial site adjacent to Deakin University. 

3 minutes ago, Sir Why You Little said:

In simple terms, they have access to the necessary funds…

so, what's your point?

3 hours ago, binman said:

Love it Red. Really great ideas.

I'm in the south west but would go to such an event in a heartbeat.

There's even a link to the greatest racehorse ever - Phar Lap, who was called "The Red Terror," and "Big Red".

The Red and Blue Terror stakes?

The Big Red and Blue Cup?

With Caulfield racetrack right next to Caulfield station it is incredibly accessible - particularly for people on perhaps the two most populated rail lines, Dandenong/Pakenham and Frankston.

But it's easy for me to get there too. I'm on the Laverton line which continues onto Frankston, so I wouldn't even need to change trains.

The other opportunity is building a relationship with Monash's Caulfield campus.

Perhaps let them use the ground, or offer internships for their sports or physio departments.

Promote the dees to the students, many of whom are international students who likely don't have a team.

It's a brilliant site for us. The sooner we sort it the better.

I will do some more investigation with the MRC Committee, if my horse Vongole accepts for Caulfield saturday.

The students and Dees memberships are a good idea, as many of them live in the apartments overlooking the racecourse, built on the former car parks, once owned by the MRC. 

2 hours ago, Sir Why You Little said:

They won’t be borrowing that amount of money….

Depends on what they get for their other two campuses that they own, but they will be borrowing a fair bit for sure and the bridging loan for getting the place bought and built will be enormous.