Ok, a moment to clarify two things;
1) I've seen the media get this wrong a couple of times, so here goes - the $5million debt quoted is actually for the end of this year, including, this is important; including, the projected $2m loss from this year. The million dollars from tonight knocks it down to four million. The other million I'm sure we'll raise by the end of the year (including the 100k from foxtel) will get it back down to three million.
2) There was no 'payout' to MacNamee. The money paid to him was ordinary salary for his time while at the club. The board learnt from the lesson of Steve Harris' payout and set the contract terms specifically to manage that issue. Mr. Peter Spargo, the board member/acting CEO, is currently filling the role without payment. Send him a card - thanks to him the club is actually saving about a grand a day for sacking MacNamee. To be henceforth known as the 'Spargonator', 'Spargonaut', 'Spargman' or simply 'Spargsy'.Banner of 'Spargos a legend' or 'all hail the Sparg' would be appropriate.
Peter Spargo - currently second in awesomeness only to Jim Stynes himself.
His profile -
Peter is the Managing Director and owner of family companies associated in the oil industry, and now involved property development. He currently employs over 200 staff.
Peter holds a Bachelor of Economics and all his working life been associated with retail businesses. He is well versed in all aspects of business and is well placed to identify revenue opportunities for the club.
He is a life long Melbourne supporter and has a strong family connection with the Melbourne Cricket Club. Peter currently is an MCC member.
Peter is also involved with community football associated with the Prahran Junior FC. He has coached for many years and his family is a major sponsor.
Peter and his family are commercial sponsors of our club and have been the Elite Sponsor of David Neitz for many years.
Peter is married with four sons, all Demons.
