- Banned
- #26
well he did try to tip off essendon that they were about to be found out for their drug cheating so i didnt think this was new information
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I think Andrew Demetriou is as crooked as they come
- Thread starter WillHayward
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- May 3, 2007
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correct me if I am wrong, but wasn't demitriou a board member of Melbourne casino after he left the AFL?
RedmanWasHere
Rarely in kitchens at parties.
- Aug 23, 2010
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Easy big fulla, let's not get carried away...
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He is a non-executive board member of Crown Resorts.
Operations include Crown in Melbourne and as well Crown in Perth
- Thread starter
- #32
He was the most powerful bloke in the game for a decade who shaped the current competition by bringing in GWS and GC and Gil is his protege.
A huge figure in the AFL. Gillon is his protege. I wonder what he taught him about integrity....
Highly relevant.
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I'm shocked to be sitting here.
- Jul 5, 2013
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Competent corrupt CEO > Incompetent corrupt CEO
https://www.abc.net.au/news/2019-02...about-145m-acquire-learning-collapse/10854062
Former AFL boss Andrew Demetriou grilled in court about $145m Acquire Learning collapse
Mr Demetriou was never a director of the company but was executive chairman of an advisory board and paid $75,100 a month and $1.6 million in shares for three days a week of work in an office downstairs from the directors.
The court heard that about a week before Acquire received a letter from law firm Clayton Utz suggesting the company was teetering on the edge of trading while insolvent, Mr Demetriou asked the company to approve a $150,000 bonus payment for "professional services as agreed".
"Thank you very much for your very generous consideration. Best, Andrew," the email read. The payment to Mr Demetriou's private company was made that day.
Former AFL boss Andrew Demetriou grilled in court about $145m Acquire Learning collapse
Mr Demetriou was never a director of the company but was executive chairman of an advisory board and paid $75,100 a month and $1.6 million in shares for three days a week of work in an office downstairs from the directors.
The court heard that about a week before Acquire received a letter from law firm Clayton Utz suggesting the company was teetering on the edge of trading while insolvent, Mr Demetriou asked the company to approve a $150,000 bonus payment for "professional services as agreed".
"Thank you very much for your very generous consideration. Best, Andrew," the email read. The payment to Mr Demetriou's private company was made that day.
- Apr 11, 2002
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$75k a month for 3 days a week. I wonder how tough those days were? Rock up at 930, smoko 10 till 11, lunch 12 to 2, leave at 3 to pickup the kids. Go Vlad....
Upgrayedd
A Vote for Clive is a Vote for Justice
Why can't i get paid 6.5k a day to sink a company?
- May 3, 2007
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of course he is, just like sepp blatter and don king
- May 3, 2007
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be a politician just like tough man tony abbott.get paid 1 million a year to destroy Australia's economy
https://www.smh.com.au/business/com...er-role-in-145m-collapse-20190227-p510nu.html
'Uncle Andy' Demetriou grilled over role in $145m collapse
He repeatedly sought to distance himself from any financial decisions involving the company telling the court that he was not involved in operational matters.
“My role was to primarily open doors, to use my network of contacts, to give advice to the board members,” he said.
But emails tendered in court showed that Mr Demetriou referred to himself as the company’s executive chairman in his email signature, with no mention of the advisory group.
He also signed off on a director’s bonus and oversaw pay increases for some company directors, including his nephew Tim Demetriou whose annual salary increased to $500,000 in early 2016.
At one stage, Tim Demetriou emailed his “uncle Andy” and asked: “how much are we worth?”.
Mr Demetriou responded: “$1.2 billion to $1.5 billion on a good day.”
'Uncle Andy' Demetriou grilled over role in $145m collapse
He repeatedly sought to distance himself from any financial decisions involving the company telling the court that he was not involved in operational matters.
“My role was to primarily open doors, to use my network of contacts, to give advice to the board members,” he said.
But emails tendered in court showed that Mr Demetriou referred to himself as the company’s executive chairman in his email signature, with no mention of the advisory group.
He also signed off on a director’s bonus and oversaw pay increases for some company directors, including his nephew Tim Demetriou whose annual salary increased to $500,000 in early 2016.
At one stage, Tim Demetriou emailed his “uncle Andy” and asked: “how much are we worth?”.
Mr Demetriou responded: “$1.2 billion to $1.5 billion on a good day.”
- Apr 11, 2002
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because you might have a conscience?
- Mar 11, 2018
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I mean, I'm not greedy or anything. Hell, I'll even ruin a company for half of that!
- Apr 11, 2002
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- Iggles, Georgia.
Andy probably still spewing he didn't get in on the banking gravy train back in the day so trying to make up for lost time money because as much as he might have made along the way via AFL etc, it's chump change compared to those mofo's.
He’s claiming he had nothing to do with the running of the company. Just a board member. Helping a few young blokes out. Collecting $900k a year. Owning a percentage of the company. Calling in cash payouts as “dividends in advance”. From an insolvent company who owed creditors hundreds of of millions. Which has no money to pay them - but happened to make millions in “loans” to directors. Which were never repaid.
The business mode itself was a con. The government paid “training providers” a commission for signing up young people to approved courses. And loaned the students the money.
So companies like Acquire were quickly set up. And who did they start signing up? Young, poor, uneducated, uninformed, often unemployed people. To dodgy courses they had no use for. They’d finish the course, which offered no job prospects for them, and be saddled with a huge loan to pay back. Which they couldn’t afford. Often, they were unemployed.
Acquire made off with the commission. Good times!
On top of being a con business model, you have the directors conning the con. Directors such as the Demetrious and John Wall, taking cash out of the business for themselves. Business collapses owing money to creditors. There’s no money... it’s all disappeared!
The business mode itself was a con. The government paid “training providers” a commission for signing up young people to approved courses. And loaned the students the money.
So companies like Acquire were quickly set up. And who did they start signing up? Young, poor, uneducated, uninformed, often unemployed people. To dodgy courses they had no use for. They’d finish the course, which offered no job prospects for them, and be saddled with a huge loan to pay back. Which they couldn’t afford. Often, they were unemployed.
Acquire made off with the commission. Good times!
On top of being a con business model, you have the directors conning the con. Directors such as the Demetrious and John Wall, taking cash out of the business for themselves. Business collapses owing money to creditors. There’s no money... it’s all disappeared!
- Nov 21, 2013
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Money was always his god.As if you don't know already....
You would have to check you still had all your fingers if you shook hands with him.
He done a good job running our game, but we must never lose sight of the fact that he always put himself first.
I don't think he was all that bad as CEO of the AFL but in his time the funds in the game really boomed, as did the level of wheeling and dealing with Governments, media companies and sponsors.
Football has always been involved at that level but every thing took off with the huge broadcast rights.
Demetriou was on to this early and no doubt as his time at the AFL continued he became more involved in these big business deals that so often have an angle.
He worked out a massive career achievement bonus that in reality only required that he did his job. Pretty much stole 2 mil from the game as far as I'm concerned.
https://www.afl.com.au/news/2014-03-04/demetrious-very-good-year
You only have to look at who his AFL Commissioners were - Ron Evans (Spotless) and Mike Fitzpatrick (ANZ Stadium) to see that conflict of interest was no concern.
Made absolute sense that he'd join the Crown board just as Crown were taking over in Perth with a Casino right next to the new stadium.
But this Acquire learning stuff is right off the deep end. It's stuff that people need to be held accountable for.
Football has always been involved at that level but every thing took off with the huge broadcast rights.
Demetriou was on to this early and no doubt as his time at the AFL continued he became more involved in these big business deals that so often have an angle.
He worked out a massive career achievement bonus that in reality only required that he did his job. Pretty much stole 2 mil from the game as far as I'm concerned.
https://www.afl.com.au/news/2014-03-04/demetrious-very-good-year
You only have to look at who his AFL Commissioners were - Ron Evans (Spotless) and Mike Fitzpatrick (ANZ Stadium) to see that conflict of interest was no concern.
Made absolute sense that he'd join the Crown board just as Crown were taking over in Perth with a Casino right next to the new stadium.
But this Acquire learning stuff is right off the deep end. It's stuff that people need to be held accountable for.
can't wait to see John Wall go down.....
- May 12, 2015
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An odious character. Shame on these organisations targeting (mainly) young, vulnerable people who are looking to forge a career.
Sickening
Sickening
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