2024 AGM

[DeeZone 10,098]

5 hours ago, BC_1718_DC said:

Disclaimer: it didn’t get any better. 

 

There was one statement that I hoped would be responded to about how poor our goal kicking is/has been and it looked as if Richo was going to have a right of reply but the next part of the question started to be answered and he put the microphone down. 

Thanks BC_1718_DC I was happy with all the presentations so won’t put myself through the wringer with the Q&A session.👍😁

[whatwhat say what 22,918]

i liked the suggestion of the barassi-williams cup for dees-pear clashes

[DemonWheels 1,073]

Feel a few more engaged and happy  supporters might need to attend in future to heckle and de-stage these other [censored] - can’t believe some people are allowed a voice just because you’re a paid up member.

[Katrina Dee Fan 3,891]

3 hours ago, Rab D Nesbitt said:

Geez, I'm 11 minutes into watching the Q&A session from the other night online and it's a hard watch. Is it always complete peanuts that hog the microphone at these events? 

Sadly, yes. There were some whoppers. David Rennick and I joked afterwards that it was MFC’s fault Trump got elected, the club has so much power over controlling roadworks in Cranbourne. 

[Lucifers Hero 40,328]

11 hours ago, Rab D Nesbitt said:

I found the suggestion about building a retirement village for our supporters out at Caulfield convinced me......to vote for mandatory euthanasia at the age of 70 if it ever gets to parliament. 

🤣

Thereby eliminating a significant part of the DL community 🙄🤷‍♀️  !!!

 

Edited 23 hours ago by Lucifers Hero

[Roger Mellie 4,102]

Did Chris from Camberwell ask a question?

[deelusions from afar 1,861]

The quality of the questions was well below what the Demonland community could come up with.  Could we somehow address this next year - eg people with genuine questions write them on here and then the ones with the most likes / votes get asked?

[BDA 22,873]

Thats the problem with democracy. Every nuffie has a voice

[The Taciturn Demon 577]

18 hours ago, BC_1718_DC said:

https://www.melbournefc.com.au/video/1705616/agm-question-answers?videoId=1705616&modal=true&type=video

 

Here is the link for the Q and A. Interesting watch to put it politely. 

It was like watching LinkedIn: The Musical. 

I didn't get past 15 minutes, but I have to assume someone gave a 35-minute presentation on sun flares causing climate change and several speakers promoted their life coach credentials. 

[Diamond_Jim 12,627]

12 hours ago, DistrACTION Jackson said:

What is our stance on AI and do we think it will help or hinder our training methods

Not as stupid as it sounds.

I suspect AI analysis is already being done in sports that involve set plays such as NFL and soccer (corners, free kicks etc). AFL is far more random but someone will write a program. (Enter the moving diamond or similar)

[Cranky Franky 2,091]

13 hours ago, george_on_the_outer said:

Absolutely cringeworthy is it.? 

If that is the standard of the voters then we are in for a lot of pain in the future, and probably explains why we are where we are as a club.

 

Spot on George. Sadly our members have a long history (back to the mid 60s) of failing to hold elected officials to account.

 

[Demon17 5,200]

23 hours ago, DistrACTION Jackson said:

I was happy to hear there is already $10m pledged towards the home base and hopefully more to come…

Great point. I attended and first half covering the clubs business position was excellent insight.

The audit report and summary of accounts worth watching just to see how strong the club is compared to most others despite not having 110k members. 

Parts summary of caulfield worked well.

Poor Brad Green was nervous but showed passion which as great to see. Election results were overwhelming in Boards favour. 

Peter Ryan of the age struggled to get a headline and moved into hack status for mine.

I left at the q and a with members asking questions who shouldn't have been allowed near a microphone. Shockers.

Steven Smith was present in an understated way. Classy . As was printer believe it or not

Good night

[Demon17 5,200]

20 minutes ago, Cranky Franky said:

Spot on George. Sadly our members have a long history (back to the mid 60s) of failing to hold elected officials to account.

 

Read the accounts and get back to me.

For example Future Fund returned 13% last FY

[Its Time for Another 4,287]

14 hours ago, whatwhat say what said:

i liked the suggestion of the barassi-williams cup for dees-pear clashes

Is that some sort of food fight.

[whatwhat say what 22,918]

12 minutes ago, Its Time for Another said:

Is that some sort of food fight.

could be?

[sue 9,133]

1 hour ago, Cranky Franky said:

Spot on George. Sadly our members have a long history (back to the mid 60s) of failing to hold elected officials to account.

 

Do you really think the few oddballs at the AGM really represent what has been wrong (or right) about the club and its elected officials?  Sounds more like you are just looking for any evidence, no matter how irrelevant, to support your views.

[Harvey Wallbanger 1,029]

1 hour ago, Demon17 said:

Read the accounts and get back to me.

For example Future Fund returned 13% last FY

And nothing the year before! 8% p.a over the last 2 years - not too bad. Markets go up, markets go down. That warning was given to us by the COO. And how prescient he was. Dow down 3% last night...

[DistrACTION Jackson 9,212]

14 minutes ago, Hawk the Demon said:

And nothing the year before! 8% p.a over the last 2 years - not too bad. Markets go up, markets go down. That warning was given to us by the COO. And how prescient he was. Dow down 3% last night...

I imagine that investment fund would have a lot of unlisted assets, which aren’t so affected by the share market. Having dealt with large investment portfolios in the past, they often get access to investments not available to the average punter. This can be things like large commercial debt and infrastructure projects that pay a guaranteed rate of return. Plus they would have some fixed income assets and there are income producing assets such as Metrics that offers an 8% return pa.

While nothing is ever 100% guaranteed, you can manage the risk in different ways. For example, if it is a commercial build, for example a shopping complex, they will offer a much higher rate for initial investors while the project gets off the ground. Then in say Tranche 2 or 3, the rate will be lower but so is the risk, as they may have permits in place etc. so they now just need to get the build completed.

Edited 20 hours ago by DistrACTION Jackson

[Rab D Nesbitt 8,463]

4 hours ago, Lucifers Hero said:

🤣

Thereby eliminating a significant part of the DL community 🙄🤷‍♀️  !!!

 

Quality not quantity LH. 😆

[Katrina Dee Fan 3,891]

1 hour ago, sue said:

Do you really think the few oddballs at the AGM really represent what has been wrong (or right) about the club and its elected officials?  Sounds more like you are just looking for any evidence, no matter how irrelevant, to support your views.

He has to live up to his nickname, I believe.  

[Rab D Nesbitt 8,463]

As bad as the Q&A was I'll definitely tune in next year just to see if the questions asked are even more mental that this years. 

[Cranky Franky 2,091]

15 minutes ago, Katrina Dee Fan said:

He has to live up to his nickname, I believe.  

I reckon your 2024 epitaph would be

"IT WAS THE YEAR FROM HELL" .....but it was all the media's fault.

[DeeZone 10,098]

49 minutes ago, Cranky Franky said:

I reckon your 2024 epitaph would be

"IT WAS THE YEAR FROM HELL" .....but it was all the media's fault.

Let me rephrase that CF, It was a Year From Hell and it was blown out of all proportion by a number of media lightweights and a number of disenchanted followers….!!!!

Edited 18 hours ago by DeeZone
Change the flow.

[Whispering_Jack 30,605]

19 hours ago, Rab D Nesbitt said:

Geez, I'm 11 minutes into watching the Q&A session from the other night online and it's a hard watch. Is it always complete peanuts that hog the microphone at these events? 

I went to my first MFC AGM some time in the 1960s and I can tell you that nothing's changed. You always had a few people eager to get on their soapbox and some were even inebriated before the post function drinks, sandwiches, party pies and sausage rolls were trotted out. And it wasn't confined to supporters because I remember one club president was blind shicker when he left the meeting (in our elevator). If you think this was ever just a Melbourne Football Club thing, I have friends at Carlton, Collingwood and Essendon who used to tell me the same stories about their AGMs and from their descriptions of recent such events, nothing's changed either.

My favourite person from club AGMs was the bloke who got up every year during the period late in Jim Cardwell’s reign as club secretary and who was obviously from the bush and outfitted by R. M. Williams complete with boots and driza-bone and a leather face to match. I used to call him Clancy.

Clancy would ask Jim the same question every year – “can yer give us a run down on recruitin’”. Jim would rattle off the names of prospective players including one or two who he guaranteed might become champions, we would note down the names and come March when pre-season started, we would wonder what happened  to most of the names who never came to the club. That was long before the internet when AGMs were fun.

These days I don't attend but I might have a look at the proceedings during the summer break.

[Harvey Wallbanger 1,029]

3 hours ago, DistrACTION Jackson said:

I imagine that investment fund would have a lot of unlisted assets, which aren’t so affected by the share market. Having dealt with large investment portfolios in the past, they often get access to investments not available to the average punter. This can be things like large commercial debt and infrastructure projects that pay a guaranteed rate of return. Plus they would have some fixed income assets and there are income producing assets such as Metrics that offers an 8% return pa.

While nothing is ever 100% guaranteed, you can manage the risk in different ways. For example, if it is a commercial build, for example a shopping complex, they will offer a much higher rate for initial investors while the project gets off the ground. Then in say Tranche 2 or 3, the rate will be lower but so is the risk, as they may have permits in place etc. so they now just need to get the build completed.

My understanding is that would be like a regular Balanced superannuation fund portfolio that many of us have (a mixture of fixed interest, equities, etc..,) hence a bad year to 31 October 2023, but a good one to 31 October 2024. It's run by Morgan Stanley. What about a bit of transparency? Just let the members know what the investment guidelines are and give us quarterly updates on the performance. I mean if the Club goes bankrupt (unlikley) we all have to tip in $5 each - how hard it is to let us know how our "nest egg"is going;  more often than once a year.