New Answers fromFootyFirst/Board Challenge Updates
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- saintsRrising
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- saintsRrising
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- saintsRrising
- Saintsational Legend
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- Joined: Mon 15 Mar 2004 11:07am
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- saintsRrising
- Saintsational Legend
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- saintsRrising
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- saintsRrising
- Saintsational Legend
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- saintsRrising
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- saintsRrising
- Saintsational Legend
- Posts: 30089
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- saintsRrising
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- saintsRrising
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I ain't no Fonzie - I was wrong!saintsRrising wrote:Board started witha $3.7 million Debt..is now in the black
Last edited by redwhite&blackblood on Thu 13 Sep 2007 12:21pm, edited 2 times in total.
Bleeding Red, Black and White for 38 years!
Life Motto - Fortius Quo Fidelius
Raph "Cult Hero" Clarke Fan Club.
Life Motto - Fortius Quo Fidelius
Raph "Cult Hero" Clarke Fan Club.
- saintsRrising
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- saintsRrising
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- saintsRrising
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Did Andrew Thompson raise any of his concerns with any of the Board?
No
No
Last edited by saintsRrising on Thu 13 Sep 2007 11:30am, edited 1 time in total.
Flying the World in comfort thanks to FF Points....
- saintsRrising
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Completely wrong. The stands were on the books as an asset. The debt was on the books as a liability. The stands asset value was written down to zero in 2002 causing a book loss of 2.3 million for the year.redwhite&blackblood wrote:Alot of which was the write off of the Old Stands that previous boards didn't do because of our debt and they wanted to keep the money on field as much as they couldsaintsRrising wrote:Board started witha $3.7 million Debt..is now in the black
The debt issue is totally different.
For Gods sake you have a right to your views but please, the basic facts would be a start
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
Lance or James??
There comes a point in every man's life when he has to say, "Enough is enough." For me, that time is now. I have been dealing with claims that I cheated and had an unfair advantage in <redacted>. Over the past three years, I have been subjected to a <redacted>investigation followed by <redacted> witch hunt. The toll this has taken on my family, and my work for <redacted>and on me leads me to where I am today – finished with this nonsense. (Oops just got a spontaneous errection <unredacted>)
There comes a point in every man's life when he has to say, "Enough is enough." For me, that time is now. I have been dealing with claims that I cheated and had an unfair advantage in <redacted>. Over the past three years, I have been subjected to a <redacted>investigation followed by <redacted> witch hunt. The toll this has taken on my family, and my work for <redacted>and on me leads me to where I am today – finished with this nonsense. (Oops just got a spontaneous errection <unredacted>)
- saintsRrising
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This is not quite correct RW&BB. The club actually owed $3.7M to banks, financial institutions, and trade creditors. It has nothing to with the stands. We did write off the stands one year creating an enormous loss on the books. This is quite separate to actual funds we owe to extenernal parties. We have traded profitably to reduce money we owe to others.redwhite&blackblood wrote:Alot of which was the write off of the Old Stands that previous boards didn't do because of our debt and they wanted to keep the money on field as much as they couldsaintsRrising wrote:Board started witha $3.7 million Debt..is now in the black
Having said that I am not defending or slamming the current board, just correcting a misunderstanding of the facts.
Last edited by Selhurst Saint on Thu 13 Sep 2007 11:27am, edited 1 time in total.
"...If there has been one recurring theme through this whole shocking mess, it has been the misguided, inflated egos and their ill-judged determination to cling to long-standing old boy friendships. The bad advice that has guided the selfish and culpable James Hird has not only punctuated this saga but symbolised it..."
- saintsRrising
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- saintsRrising
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Sorry mate i was actually responding to a comment made by RedWhiteand BlackBlood. My apologies.saintsRrising wrote:Selhurst...PLEASE be clear..ALL I am doing at present is REPORTING what is said.Selhurst Saint wrote:
[This is not quite correct SRR. .
It is not my OPINION...BUT is what is being said.
I am doing this for forumites that cannot listen in.
![Embarassed :oops:](./images/smilies/icon_redface.gif)
"...If there has been one recurring theme through this whole shocking mess, it has been the misguided, inflated egos and their ill-judged determination to cling to long-standing old boy friendships. The bad advice that has guided the selfish and culpable James Hird has not only punctuated this saga but symbolised it..."
- saintsRrising
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On Sponosrs...said that the type of Big Sponsors that are attracted to the saints are ones that seek to lauanch...and hence typically only ant to sponosr fora short period.
with Vodafone he said he cannot compete with Dick witha promise to sig up phones for 2000 employees
with Vodafone he said he cannot compete with Dick witha promise to sig up phones for 2000 employees
Flying the World in comfort thanks to FF Points....
- saintsRrising
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- saintsRrising
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- saintsRrising
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Press conference still seemed to be still going...but SEN stopped their live coverage.
Last edited by saintsRrising on Thu 13 Sep 2007 11:31am, edited 1 time in total.
Flying the World in comfort thanks to FF Points....