MarkInTheStands
Coach
- Messages
- 15,513
Firstly I will never doubt that there were some jobs in the operations of our Football side that were surplus to the needs of the side, indeed I have been told many times that under Brian's Smiths time as a coach the number of staff was almost doubled.
Having said that, there are a number of clubs that have also taken up these positions in their football operation departments, following Parra’s lead.
I have no doubt there is fat to trim, and indeed we saw some of that in the last 7 months of the previous boards reign with Jarred "Gur" Anderson, "Aunty" Kay Fitzhenry and Grant Jones all given a redundancy, about 11 months ago.
I think Suity is looking at the longer term with this and is hoping that after last years, massive 9 million dollar loss, that the club will be once again in profit this year and that the club should do whatever it can to do that.
I think those financial statements will be very interesting.
For mine it will be interesting to see what the value of our properties are, if they have all risen, like most property values have in the last year then that will count as a profit. We suffered a 4 million dollar depreciation loss on those assets last year, so it won’t take much considering the large number of those investments to gain almost all of that back.
Former Director Foong spoke on this message board that the club in the first quarter had already made quarter of a million dollar profit. If that stayed constant over the next 3 quarters, and includes a boost that might have come from the governments stimulus package, then things will be looking good on a cash front.
Also the Football CEO has stated that the Grand Final appearance would have netted another 1 million dollars in sponsorships, so either in the last quarter or this quarter that will mean an increase in non core incomes or a decrease in expenditure on grants (Depending on how the deals are signed) all of which could see the leagues club in a profit.
If the leagues club makes a profit, of 5 million or more to cover the losses last year property losses (4 million in depreciation) then we will get back to the question, why has some of these staff been let go.
Andrew Hill I can understand, he was the CEO you have when you have a CEO that is busy with the leagues club, Some of the others in Marketing like Andrew Warburton and in Memberships, are a little harder to understand but could be linked to performance of such areas. But Media and communications, does worry me a great deal more. Unless they have someone who is going to step up part time over the summer, maybe someone returning from Maternity leave?
I think by the time the financial statements come out on the Leagues club side of things, Staggers “extra twist” will be all over.
Having said that, there are a number of clubs that have also taken up these positions in their football operation departments, following Parra’s lead.
I have no doubt there is fat to trim, and indeed we saw some of that in the last 7 months of the previous boards reign with Jarred "Gur" Anderson, "Aunty" Kay Fitzhenry and Grant Jones all given a redundancy, about 11 months ago.
I think Suity is looking at the longer term with this and is hoping that after last years, massive 9 million dollar loss, that the club will be once again in profit this year and that the club should do whatever it can to do that.
I think those financial statements will be very interesting.
For mine it will be interesting to see what the value of our properties are, if they have all risen, like most property values have in the last year then that will count as a profit. We suffered a 4 million dollar depreciation loss on those assets last year, so it won’t take much considering the large number of those investments to gain almost all of that back.
Former Director Foong spoke on this message board that the club in the first quarter had already made quarter of a million dollar profit. If that stayed constant over the next 3 quarters, and includes a boost that might have come from the governments stimulus package, then things will be looking good on a cash front.
Also the Football CEO has stated that the Grand Final appearance would have netted another 1 million dollars in sponsorships, so either in the last quarter or this quarter that will mean an increase in non core incomes or a decrease in expenditure on grants (Depending on how the deals are signed) all of which could see the leagues club in a profit.
If the leagues club makes a profit, of 5 million or more to cover the losses last year property losses (4 million in depreciation) then we will get back to the question, why has some of these staff been let go.
Andrew Hill I can understand, he was the CEO you have when you have a CEO that is busy with the leagues club, Some of the others in Marketing like Andrew Warburton and in Memberships, are a little harder to understand but could be linked to performance of such areas. But Media and communications, does worry me a great deal more. Unless they have someone who is going to step up part time over the summer, maybe someone returning from Maternity leave?
I think by the time the financial statements come out on the Leagues club side of things, Staggers “extra twist” will be all over.
