Jontee

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.

From 2022 Financials "The Club completed its exit from the gaming industry, with the Bentleigh Club closing in August 2022. The sale of Bentleigh Club settled after the financial year end, with proceeds of $23.7m being received. The Board have established a Future Fund with the sale proceeds, to replace the foregone gaming income from the divestment of Bentleigh Club and Leighoak, and provide financial security for the Club for many years to come." Seems to state that the Future Fund was setup with the proceeds from the bentleigh club.

Hagrid?

Potentially the Tigers have 9 picks. Do they have a father son coming?

Round 0 - opening round?

Where would you rate Josh Daicos?

on the grassy knoll next to the behind post

I am never under control

Who put you up to creating this thread? What secret agenda are you running?

I cried myself to sleep back in that era too. To his credit he has been very honest - party, party party

Mine has arrived.

AP says it is coming today

We lacked class and polish

Have received a message from the Club and AP that my membership pack is on its way!!!! Has anyone received theirs yet?

As long as it is not played in the parish of Bumbang

Right, you have just been dropped from my Best 22 Posters 😁

19 13 is unlucky for some?

Sure beats Mordialloc or Dromana

No. Still traumatised. Was only a small kid and I reckon the string was longer than me. 2nd go the yoyo hit the ground and broke in 2. The rest is history. Explains everything really.

Should change his first name to Norman

That leaves Darling with many options.....