Fritta and Turner

Hi Macca, Just remember that the MRC dont own Caulfield, it is crown land managed by a Trust. MRC pays a nominal rent. Perhaps the MRC would welcome us if we used some of their facilities for events or meetings.

Not sure how you can be locked out of multiple use public parkland -Caulfield

Chris Aitken

was in North Point 2 weeks ago, and dint know

3 say it is behind the paywall so could someone please describe the article 11 chastised for calling it lite bowls 3 state that it is an indictment of the last 10 boards that we are still using bulbs 2 call for the sacking of football department saying we should never have picked L Bulbs in the first 1 mentions.... and the use of.....and talks about the private live of....and the whole flamming thread disappears (what happened)

Rookie the cat?

At that listed height and weight where would you play him?

Obviously the dog house

Should we draft the family dog?

Could i jst point out the following : 1. The MRC dont own Caulfield, they lease the facilities from the Trust at a low amount. 2. We are not building a social club nor a practice match or match facility but an elite training and admin facility under the one 'roof'. 3. In the words of Roffey 'we received funding...' - does anyone know from whom? 4. ah bugger I have forgotten 5. My opinoins are not biased by the fact that I live within a 10 minute walk, not at all

Didnt their father run a boxing gym, which i always thought was the reason Ted and John could handle themselves so well.

Anyone going to the forum tonight?

Um too much information. The mind boggles

My maternal grandmother followed Carlton but when her son (my uncle) started playing district cricket for the MCC the family moved over to the demons. My father followed Prahran and was happy to swap to the Dees in the glory days. When that ended he was the first to stop going, for which my mum never forgave.

Having looked at the plans and artists impressions the redevelopment of the racecourse includes residential housing, shops, cafes, sporting facilities, playing grounds, bbq etc. Thats where the $570 mill comes from and I was suggesting if someone put that money up the project as a whole the project would kick off. I cannot see the MFC facilities going ahead in isolation or standalone or if thy did it would be eg Stage 1. There are many stakeholders all anxious to kick in as little as possible.

I understand your frustration but to kick it off do you have a spare $570 mill lying around? The redvelopment of the race course is a massive project involving The racecourse Trust, MRC, Glen Eira Council, State Govt (and probs the Feds), Environment Groups (save the snakes) Heritage Groups (save the horse pool) probs my mate Angus (wheres the bar) - more stakeholders than the botanical gardens. And the MFC will have to buy in big time to get any favored treatement. Dont hold your breath.

According to the MRC website, horse training finished at caulfield in late 2021. Certainly the stables on Neerim/Queen are empty as it was used by the Railways for gate removal works and the other trainer has moved to Cranbourne. I dont know if horses are still stabled their for other purposes. I think on average there is a race meeting about once a fortnight, typically on a Saturday, when the demons could often be elsewhere. There are other events held there but they typically use the facilities associated with the grandstands. I am assuming that the MFC admin/home/gym facilities will be built on the Booran Rd side. I think the site has alot of merit. (Nothing to do with me living a 10 minute walk away)

Thanks. Have you seen any financial statements from the Red and Blue Foundation? I think for Foundations you have to ask for them, rather than statements being published online; but I could be wrong, I really don't know...

We do have the Red and Blue Foundation you know. It is a tad above tin rattling. However not sure how this feeds into the MFC financials, nor for that matter whether the Foundation is holding a 'war chest'.

I totally understand where you are coming from on this but considering the financial history of the MFC over the last 50 years any money raised would have disappeared on deficits and debt.

McVee

Only if it didn't work

From reading the fin reports of previous years the proceeds of the sale of leighoak went to cover an immediate cash deficit, to reduce existing debt, and with the remainder going into an Clubs Investment Fund. This investment fund had to be liquidated to get us through Covid.

Assuming your quotation is correct then the heading in bold, Bentleigh Club Sale, is a direct indicator of what is being referred to in the phrase 'proceeds of the sale' ie the bentleigh club. Remember also the the sale of leighoak and bentleigh were not simultaneous events but 4? years apart but I will see if i can track the leighoak proceeds. (we are not in debt now but we were then)

Leighoak was sold back in 2018. From the 2018 financials "The Club had net assets of $13.109m at balance date, underwritten by the cash position largely achieved through the sale of Leighoak Club, and the Bentleigh Club land asset. The Club’s overall debt at the end of 2018 totalled $2.629m, which represents a reduction of $1.500m during the year. The Club will continue to prioritise the repayment of debt from its operating cashflow over the coming years, as it has done in prior years, with $5.499m of debt repaid since 2013" Btw the financials for the last 8 years are up on the website. And note we had debt back then. Not now.