Bill Express Collapses

Mooksy · Post: # 599787Post **Mooksy** » Tue 08 Jul 2008 4:20pm

http://business.theage.com.au/bill-expr ... -39pd.html

ausfatcat · Post: # 599789Post **ausfatcat** » Tue 08 Jul 2008 4:23pm

on the books for a while now, mis-management and would imagine the APRA will have a close look into it.

chook23 · Post: # 599790Post **chook23** » Tue 08 Jul 2008 4:24pm

Was GT approached to work for them???

Anyone remember

Con Gorozidis · Tue 08 Jul 2008 4:25pm

chook23 wrote:Was GT approached to work for them???

Anyone remember

I remember it was mentioned at one point in the media.

GrumpyOne · Post: # 599792Post **GrumpyOne** » Tue 08 Jul 2008 4:32pm

As long as the cheque cleared its of no interest to us.

Mr Magic · Post: # 599812Post **Mr Magic** » Tue 08 Jul 2008 5:44pm

IIRC there was a great deal of 'gnashing of teeth' when they didn't renew their sposorship deal with us.
It seemed to be the popular opinion of 'those in the know' that it was another case of RB failing to 'service the sponsor' and thus causing us to lose that sposnsor.

A few others were posting that it had little to do with RB and much more to do with the Company themselves.

Can you imagine the serious 'gnashing' if they were still our major sponsors this year and 'fell over' before they'd paid us the full amount?

Saint Bev · Post: # 599815Post **Saint Bev** » Tue 08 Jul 2008 5:50pm

Mr Magic wrote:IIRC there was a great deal of 'ganshing of teeth' when they didn't renew their sposorship deal with us.
It seemed to be the popular opinion of 'those in the know' that it was another case of RB failing to 'service the sponsor' and thus causing us to lose that sposnsor.

A few others were posting that it had little to do with RB and much more to do with the Company themselves.

Can you imagine the serious 'gnashing' if they were still our major sponsors this year and 'fell over' before they'd paid us the full amount?

Maybe RB knew something we didn't.

Behind Play · Tue 08 Jul 2008 5:56pm

Con Gorozidis wrote:
chook23 wrote:Was GT approached to work for them???

Anyone remember
I remember it was mentioned at one point in the media.

Wouldn't give him holidays

Mr Magic · Post: # 599818Post **Mr Magic** » Tue 08 Jul 2008 5:59pm

Maybe Bev, but more likely the reason was exactly what the CLub and the Company gave at the time.
The Company decided to pull their sponsorship because 'having achieved their sponsorship objectives' they were 'moving into a new field of advertising/sponsorship'.

More than likely they were already having financial difficulties and didn't want to have the pressure of having to pay out 1 to 1.5 million cash on our sponsorship deal.

The Saintsational Man · Tue 08 Jul 2008 7:47pm

Saint Bev wrote:
Mr Magic wrote:IIRC there was a great deal of 'ganshing of teeth' when they didn't renew their sposorship deal with us.
It seemed to be the popular opinion of 'those in the know' that it was another case of RB failing to 'service the sponsor' and thus causing us to lose that sposnsor.

A few others were posting that it had little to do with RB and much more to do with the Company themselves.

Can you imagine the serious 'gnashing' if they were still our major sponsors this year and 'fell over' before they'd paid us the full amount?
Maybe RB knew something we didn't.

Business men like him always know something.

Thats how the rich stay rich.

perfectionist · Tue 08 Jul 2008 8:03pm

Saint Bev wrote:Maybe RB knew something we didn't.

Possible. I'd say one chance in twenty billion.

perfectionist · Tue 08 Jul 2008 8:07pm

The Saintsational Man wrote:Business men like him always know something.Thats how the rich stay rich.

I think you will find that RB got rich not by being smart but by being lucky. Granted, he has stayed rich by being smart, or more precisely, not too greedy, but time will tell.