News Bassat to succeed Summers as President

[George]

Andrew Bassat was today officially announced as the next President of the St Kilda Football Club.

The co-founder and current CEO of SEEK will succeed Peter Summers after a transition process that culminates at the club’s annual general meeting (AGM) in December.

http://www.saints.com.au/news/2018-08-29/bassat-to-succeed-summers-as-president​

 

[FQFjt]

A few positives from the outside looking in:
- only came on board last year so will not have the same emotional and reputational baggage that may cause one to go easy on prior decisions
- has a lot of $ and the club doesn't, so...

 

[st_trav_ofWA]

in other news ... standing in the rain gets you wet and touching fire burns ....

 

[st_trav_ofWA]

A few positives from the outside looking in:
- only came on board last year so will not have the same emotional and reputational baggage that may cause one to go easy on prior decisions
- has a lot of $ and the club doesn't, so...

from memory Seek was a big sponsor two years ago but scaled it back ... hopefully we see them come back as a big sponsor ... also hopefully AV Jennings is still going to be a major sponsor moving forward

 

[SaintWWodonga]

I hope he clears the debt.

 

[StCicatriz]

I hope he clears the debt.

why would he?

 

[Saints43]

Why wouldn't he have already?

How can we be struggling under $12M debt when we have people like Bassat, Bana, Warne, Meldrum, Fox, Ogilvy etc. who all use the business and itk opportunities that the club provides and could easily combine once off to set the club up forever.

 

[George]

Why wouldn't he have already?

How can we be struggling under $12M debt when we have people like Bassat, Bana, Warne, Meldrum, Fox, Ogilvy etc. who all use the business and itk opportunities that the club provides and could easily combine once off to set the club up forever.

Do you know what happens when you feed the stray cat?

 

[GTrains Mullet]

Why wouldn't he have already?

How can we be struggling under $12M debt when we have people like Bassat, Bana, Warne, Meldrum, Fox, Ogilvy etc. who all use the business and itk opportunities that the club provides and could easily combine once off to set the club up forever.

At least now as president the should have some control over where/how the money is spent. Is a club donation tax deductible?

 

[StCicatriz]

Why wouldn't he have already?

How can we be struggling under $12M debt when we have people like Bassat, Bana, Warne, Meldrum, Fox, Ogilvy etc. who all use the business and itk opportunities that the club provides and could easily combine once off to set the club up forever.

because its not their debt and it doesn't mean the club is suddenly debt free. a lot of that debt was accumulated purely because AFL distributions did not cover costs plus the inadequate stadium deal due to us funding the acquisition of a stadium for the AFL.

so if i was looking at that with my money, i'm thinking, why should i pay that off, its not my debt, hell alot of its not even the clubs.

plus then the AFL looks at us debt free thinking, maybe we should win back the distributions we give them to help them. maybe we can load them up with more debt.

 

[Dr Spaceman]

Do you know what happens when you feed the stray cat?

He signs a 2 year contract extension?

 

[theprospect]

why would he?

I mean it would be peanut money for someone like him, you could probably take it out of his account and he'd never notice. But yeah has no reason to.

 

[Saints43]

Do you know what happens when you feed the stray cat?

Its health improves, it loves you forever and gives you joy?

 

[George]

Its health improves, it loves you forever and gives you joy?

It keeps coming back for more lol

 

[The Enemy Within]

It keeps coming back for more lol

Doe's that also go for the club always asking members to dig in their pockets all the time or donate to Moorabbin or bye raffle tickets.

 

[gringo2011]

I mean it would be peanut money for someone like him, you could probably take it out of his account and he'd never notice. But yeah has no reason to.

I know some rich people, they never think they're rich. You move up a strata and look at the one above and feel impoverished. Usually guys with their money tied up in a business are asset rich but would have to liquidate to come up with anything like that kind of money. He will be paid by the business at an executive rate but it might be $1.2 million a year with bonuses and if he's like any other business person he'll have a huge house with a big mortgage, a boat, cars etc. None of it is cheap. He probably carries nearly as much debt as the Saints.

 

[George]

Doe's that also go for the club always asking members to dig in their pockets all the time or donate to Moorabbin or bye raffle tickets.

Completely different.

I don't want our millionaire celebrities bailing us out every time we are up the shitter. We just need to get our house in order.

Club asking supporters each year to sign up or donate happens at every club...even Richmond who have 100,000 of them, still ask.

 

[Sir Skid]

I hope he clears the debt.

Beat me to it.
Can we get a petition going?

 

[stavro#4]

Need to the watts dominoe to fall.

My worry is more of the same right now. The board needs some Agro to it

 

[FQFjt]

At least now as president the should have some control over where/how the money is spent. Is a club donation tax deductible?

No not a tax deductible donation I wouldn't have thought. But sponsorship is a business expense which is obviously deducted from taxable profit.

 

[Sir Skid]

Need to the watts dominoe to fall.

My worry is more of the same right now. The board needs some Agro to it

Same. Hopefully Satan puts a rocket up everyone and sets the tone for whats needed to achieve long term success.

 

[Human Person]

Its health improves, it loves you forever and gives you joy?

Cats are incapable of love. They are hedonistic are demanding. Owners misconstrue their cuddling up to them as love, they just use humans for food and comfort. If they had the chance, they'd sell their owners into slavery for a new scratching post and a single tin of wet food.

 

[Sir Skid]

Cats are incapable of love. They are hedonistic are demanding. Owners misconstrue their cuddling up to them as love, they just use humans for food and comfort. If they had the chance, they'd sell their owners into slavery for a new scratching post and a single tin of wet food.

Username and post alignment questionable

 

[crasha301]

I wish our millionaires would lend the club a interest free loan to start up a stand alone VFL side.

We need this more then anything IMO and it should be the #1 focus after coaches/players.



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[jwikked]

Why wouldn't he have already?

How can we be struggling under $12M debt when we have people like Bassat, Bana, Warne, Meldrum, Fox, Ogilvy etc. who all use the business and itk opportunities that the club provides and could easily combine once off to set the club up forever.

It’s very easy to spend other people’s money, isn’t it?