Saints News St Kilda FC: Governance Thread - Board and Committee

[Atomboy]

i think we are going through a cycle of paying down a bit of the debt... turning on bad times on field... accumulating debt... then rinse and repeat

i think loading up on assets and keeping the debt at a manageable level is the quicker way of us getting out of the mess. worth noting RSEA park will depreciate so having income streams outside of footy for assets that appreciate is only going to help us. assets have increased in australia massively over the last 25 years. even in the last 5 since covid. we could quite quickly see the asset growth out pace our debt.

especially if we can build that asset pool high enough over 20 years that could put us in a position to buy out the land at moorabbin or buy our own land etc. or atleast use it as leverage to keep the lease low.

Bassat referenced that in his recent Herald Sun article didn’t he ?.

 

[Remboy]

Bassat referenced that in his recent Herald Sun article didn’t he ?.

Yeah, I’m sure it was mentioned that the club was looking at buying and developing some of the land around Moorabbin.

 

[StCicatriz]

Yeah, I’m sure it was mentioned that the club was looking at buying and developing some of the land around Moorabbin.

it makes alot of sense TBH

 

[Great Wall of Wilkie]

A question if I may, we're you attending the 2024 AGM in person?

No I didn't. Are you claiming they did a vote without notification to members before and after?
That wouldn't surprise me after what happened with the emblem.

 

[PoppedCorn]

So you've obviously contacted the club

What was their response?

 

[g_TRAIN]

The consitution clearly states a president can't do more than 6 consecutive years without approval of members. He should never have been president in 2025 without a vote.

Looks like the club is trying to change that:

I have to admit I also missed this on the members AGM email.

 

[chris_h_11]

Curious whether this change requires 75% of those voting, or 75% of all members, to pass.

If it's the latter, there's no way 75% of our members will submit the form.

 

[Speck]

Curious whether this change requires 75% of those voting, or 75% of all members, to pass.

If it's the latter, there's no way 75% of our members will submit the form.

Will be 75% of those voting. Otherwise nothing would ever be passed.

 

[Leap of Faith]

Looks like the club is trying to change that:

I have to admit I also missed this on the members AGM email.

Thanks for posting. I hadn't seen that either. Done now.

 

[luca77]

Thanks for posting. I hadn't seen that either. Done now.

I wonder if it can be faxed in...
Yes, fax machines are still a thing here in Japan. Ours is built into the main phone.

 

[Leap of Faith]

I wonder if it can be faxed in...
Yes, fax machines are still a thing here in Japan. Ours is built into the main phone.

I emailed it in. Took a pic of the filled out form and emailed to reception@saints.com.au

 

[Nutsngum]

I emailed it in. Took a pic of the filled out form and emailed to reception@saints.com.au

Did they respond at all? The form itself doesnt mention email so just wondering if they said that method was fine.

 

[Leap of Faith]

Did they respond at all? The form itself doesnt mention email so just wondering if they said that method was fine.

Yeah I called them and was advised to just email it in. I emailed it and received a response saying the proxy had been forwarded to the person collecting them.

 

[luca77]

Yeah I called them and was advised to just email it in. I emailed it and received a response saying the proxy had been forwarded to the person collecting them.

Awesome, thanks for the info. Will do it now.

 

[Great Wall of Wilkie]

Looks like the club is trying to change that:

I have to admit I also missed this on the members AGM email.

Yes but it should have been last year.

 

[saint66au]

Anyone at the AGM?

 

[tony74]

Resolution passed. 98%

 

[PoppedCorn]

The king returns

 

[Mowman]

The king returns

Thanks PC