Jump to content

ASIC disqualifies Joseph Gutnick for four years

Jonathan Steffanoni
Jonathan Steffanoni
in Melbourne Demons

Featured Replies

Posted

I'm in need of distractions from thinking about last night's game, and this landed in my work inbox.

"Diamond Joe's" involvement with the Club was many years ago now, but this still may be of interest.

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-041mr-asic-disqualifies-former-asx-listed-merlin-diamonds-director-joseph-gutnick-for-four-years/

  • Quote
    • Thanks 1
    • Sad 1
    • Demonland changed the title to ASIC disqualifies Joseph Gutnick for four years
     

    Spelling mistakes don't just happen on Demonland. The article says Gutnick's companies "owned a combined total of $43,209,965..." when the meaning clearly means they "owed a combined total of $43,209,965..."

    Makes quite a bit of difference!

  • Quote
    • Like 1
    • Haha 1
    • Shocked 1
    • Sad 1
     

    He was the most unlikely looking dees supporter you'd ever see. But he saved our [censored] back in the eighties or so it goes.

    He gets a free pass from me.

  • Quote

    I'm in two minds about Gutnick.  He did help us out a lot in the aftermath of the merger episode, but then how much did he cost us in the salary cap breaches he sanctioned?

     

  • Quote
    • Like 1
     
    9 minutes ago, Katrina Dee Fan said:

    I'm in two minds about Gutnick.  He did help us out a lot in the aftermath of the merger episode, but then how much did he cost us in the salary cap breaches he sanctioned?

     

    same same...and he missed a chance to give the club a home. 

  • Quote
    • Like 1
    • Clap 2

    3 hours ago, Wells 11 said:

    same same...and he missed a chance to give the club a home. 

    He had already tipped a couple of Million for the club, which was broke.  He got us the Bentleigh club and Leigoak which having been sold by the current administration are still are the only assets the club has after 160+ years. 

    To have tipped in further for the Olympic swimming pool site is a bit over the top as a further ask.  And there wasn't an oval next to it until Eddie kicked out Athletics Vic.

  • Quote
    • Like 4
    • Love 1
    45 minutes ago, george_on_the_outer said:

    He had already tipped a couple of Million for the club, which was broke.  He got us the Bentleigh club and Leigoak which having been sold by the current administration are still are the only assets the club has after 160+ years. 

    To have tipped in further for the Olympic swimming pool site is a bit over the top as a further ask.  And there wasn't an oval next to it until Eddie kicked out Athletics Vic.

    I still feel like if he’d taken it to the members we could have made it happen. He wouldnt have had to do it on his own. Anyway, that opportunity ( and it’s the best we’ve ever had) has come and gone. no use crying over it all these years later. 

  • Quote
    • Like 2
    4 hours ago, Katrina Dee Fan said:

    I'm in two minds about Gutnick.  He did help us out a lot in the aftermath of the merger episode, but then how much did he cost us in the salary cap breaches he sanctioned?

    i was under the impression that when he discovered he did the smart thing - went to afl and tried to mitigate punishment

    4 hours ago, Wells 11 said:

    same same...and he missed a chance to give the club a home. 

    hardly alone here

  • Quote
    • Like 1
    9 hours ago, Katrina Dee Fan said:

    I'm in two minds about Gutnick.  He did help us out a lot in the aftermath of the merger episode, but then how much did he cost us in the salary cap breaches he sanctioned?

     

    I heard that he did his 'nana when he discovered that Schwab hadn't told him about the additional over the counter payments.  I think he self-reported to the AFL.

  • Quote

    37 minutes ago, redandbluemakepurple said:

    I heard that he did his 'nana when he discovered that Schwab hadn't told him about the additional over the counter payments.  I think he self-reported to the AFL.

    I think he self reported on live TV (The Footy Show) and from there it was followed up…

    Never a dull moment with Diamond Joe

  • Quote

    Had a real estate dealing with him once. He was a tough negotiator.

    I did admire his commitment to his beliefs but felt sorry that he couldn't attend games on his Sabbath.

    His business dealings may not have been kosher but as others have pointed out, did some good things for the club.

    The Bentleigh club wasa good investment and I still have some fond memories watching games there.

    Edited by leave it to deever

  • Quote
    On 12/03/2024 at 17:17, george_on_the_outer said:

    He had already tipped a couple of Million for the club, which was broke.  He got us the Bentleigh club and Leigoak which having been sold by the current administration are still are the only assets the club has after 160+ years. 

    To have tipped in further for the Olympic swimming pool site is a bit over the top as a further ask.  And there wasn't an oval next to it until Eddie kicked out Athletics Vic.

    Wrong, Leighoak and Bentleigh Club were both purchased by the club long before Gutnick  became involved in the club.  Leighoak was purchased in 1994, renovated and opened by the club in 1995.  Bentleigh Club was purchased beginning of 1996.  Gutnick became involved after the failed merger at the end of 1996.

  • Quote
    • Thanks 1
    33 minutes ago, Katrina Dee Fan said:

    Wrong, Leighoak and Bentleigh Club were both purchased by the club long before Gutnick  became involved in the club.  Leighoak was purchased in 1994, renovated and opened by the club in 1995.  Bentleigh Club was purchased beginning of 1996.  Gutnick became involved after the failed merger at the end of 1996.

    Bentleigh club opened 1997 after Joe became president in 1996.

  • Quote
    41 minutes ago, george_on_the_outer said:

    Bentleigh club opened 1997 after Joe became president in 1996.

    Quote

    Melbourne’s association with the Bentleigh Club commenced in 1996, with the club officially acquiring the Bentleigh Club in 2011 when the venue was operating at a loss and experiencing a growing debt obligation. 

     

    Edited by daisycutter

  • Quote

    From what I remember at the time, the merger vote happened in mid September 1996 and Gutnick became president a month later.  The association with Bentleigh Club happened mid season, with one of the board members of Melbourne being the President at the time of Bentleigh Club.  Bill Belcam, I believe.  The association began before Gutnick was involved.  Significantly, Belcam and Gutnick did not get along, in fact it was rumoured Belcam was one of the board members who sided with Ridley, and after he became president, Gutnick tried to push him, along with other board members, off the board for supporting the merger.

  • Quote

    • Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.

    Guest
    Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
    Reply to this topic...
    Go to topic listing

    Featured Content

    • PREGAME: Fremantle

      The Demons return home to the MCG in search of their first win for the 2025 Premiership season when they take on the Fremantle Dockers on Saturday afternoon. Who comes in and who goes out?

      • 15 replies
      Demonland
      Demonland

    • VOTES: Essendon

      Max Gawn leads the Demonland Player of the Year ahead of Clayton Oliver, Christian Petracca, Kade Chandler and Jake Bowey. Your votes please. 6, 5, 4, 3, 2 & 1.

        • Thanks
      • 14 replies
      Demonland
      Demonland

    • POSTGAME: Essendon

      Despite a spirited third quarter surge, the Demons have slumped to their worst start to a season since 2012, remaining winless and second last on the ladder after a 39-point defeat to Essendon at Adelaide Oval in Gather Round.

        • Vomit
        • Thanks
      • 148 replies
      Demonland
      Demonland

    • GAMEDAY: Essendon

      It’s Game Day, and the Demons are staring down the barrel of an 0-5 start for the first time since 2012 as they take on Essendon at Adelaide Oval for Gather Round. In that forgettable season, Melbourne finally broke their drought by toppling the Bombers. Can lightning strike twice? Will the Dees turn their nightmare start around and breathe life back into 2025?

        • Like
      • 723 replies
      Demonland
      Demonland

    • PREVIEW: Essendon

      As the focus of the AFL moves exclusively to South Australia for Gather Round, the question is raised as to what are we going to get from the  Melbourne Football Club this weekend? Will it be a repeat of the slop fest of the last three weeks that have seen the team score a measly 174 points and concede 310 or will a return to the City of Churches and the scene where they performed at their best in 2024 act as a wakeup call and bring them out of their early season reverie?  Or will the sleepy Dees treat their fans to a reenactment of their lazy effort from the first Gather Round of two years ago when they allowed the Bombers to trample all over them on a soggy and wet Adelaide Oval? The two examples from above tell us how fickle form can be in football. Last year, a committed group of players turned up in Adelaide with a businesslike mindset. They had a plan, went in confidently and hard for the football and kicked winning scores against both home teams in a difficult environment for visitors. And they repeated that sort of effort later in the season when they played Essendon at the MCG.

        • Thanks
        • Like
      • 0 replies
      Demonland
      Demonland

    • PREGAME: Essendon

      Facing the very real and daunting prospect of starting the season with five straight losses, the Demons head to South Australia for the annual Gather Round, where they’ll take on the Bombers in search of their first win of the year. Who comes in, and who comes out?

        • Thanks
      • 489 replies
      Demonland
      Demonland
    View All