What is a joke? I'm confused what you are even getting at here? That members of the Steelers board are also members of the joint venture's board? If you looked at St George's financials you would see the same. That there are no St George Dragons board members? Uh yeah maybe because they are 2 completely separate entities.
We have Illawarra personalities as the St George reps on the Illawarra board.
Yes and? What problem do you have with those players being life members? What does this have to do with your questions over Bruce Gordon?
The three coaches of first grade, which many people believe should be removed, are all player life members of Illawarra.
What a shock. A family that have historically been strong backers of rugby league in the Illawarra are noted for their efforts.
We are talking about whether Bruce Gordon (WIN) takeover will bring change. The point being the Gordon family have had plenty of influence already and look where we are.
You really don't know anything about the club do you? That loan is literally just the 25% share he owns in the joint venture. The Steelers never have to pay it back unless they want to buy that share back, or the club ceases to exist.
Can't comment on the conditions of the loan as I haven't seen the loan agreement. The point is St George Leagues club has money, Illawarra Leagues club is where the liability sits with the man/group that want to takeover everything including what looks like the solvent part.
This is literally the worst thing you brought up, and even then, as an accountant, I see no real issue with it. It's just a retainer, so there is no issue with it not being passed on. You just have to look at 2014's figure to see what it would cost when they are taking out ads.
Quick answer, conflict of interest. Again, one of the boys benefitting from the club. Is it all arms length, doesn't matter as far as how it looks. As an accountant you know this is why it had to be disclosed in the notes.
Considering KPMG are auditing it, you can be sure they are scrutinising those transactions to ensure they are all above board.
As an accountant I'm sure you remember Arthur Anderson and their auditing demise. We wont get into the details here of an auditors duties but you know they accept evidence unless there is a reason to doubt it, and do not investigate it like the police or a court.
Not a single thing you brought up needs to be clarified. It's all just anti-Illawarra bullshit.
