Bryce Gibbs and his personal issues

[The Old Dark Navy's]

So you haven't paid it back?

You converted a fine into a debt (I presume to be written off at some point).

Typical.

Can you read? I said we paid the loan back. It is in our annual statements.

 

[JeffDunne]

Yeah I can read.

Can you read? I said we paid the loan back. It is in our annual statements.

So you shouldn't have any problems telling me when they actually paid it?

 

[The Old Dark Navy's]

http://footyindustry.com/files/2014 Reports/AFL/Carlton 2014 Annual Report.pdf

 

[The Old Dark Navy's]

Yeah I can read.


So you shouldn't have any problems telling me when they actually paid it?

Well I shouldn't have had to search for it but since you are too cynical or lazy to do so despite your insinuations, knock yourself out.

 

[JeffDunne]

That shows me you repaid a loan taken out in 2008 (six years to pay a fine isn't 'quickly' either if that's what the loan was for).

It doesn't tell me what the loan was for or if the fine was ever paid.

 

[The Old Dark Navy's]

That shows me you repaid a loan taken out in 2008 (six years to pay a fine isn't 'quickly' either if that's what the loan was for).

It doesn't tell me what the loan was for or if the fine was ever paid.

It tells you the interest kicked in 2008, not the loan was taken out. The actual sequence of events was fine paid, loan taken out, loan paid.

If you believe the fine wasn't paid, you produce the evidence.

 

[JeffDunne]

The actual sequence of events was fine paid, loan taken out, loan paid.

So the loan is irrelevant to the discussion on the fine being paid?

Why bring it up? Is the loan repayment the only payment to the AFL you could find since 2002?

If you believe the fine wasn't paid, you produce the evidence.

I know it wasn't paid.

How can I find evidence of something that didn't happen?

 

[blueboy25]

We should have just paid 7c in the dollar to wipe off our debts like some clubs.

 

[Cripps 'n' Blue Bloods]

So the loan is irrelevant to the discussion on the fine being paid?

Why bring it up? Is the loan repayment the only payment to the AFL you could find since 2002?


I know it wasn't paid.

How can I find evidence of something that didn't happen?

Desperate troll is desperate.

 

[The Old Dark Navy's]

So the loan is irrelevant to the discussion on the fine being paid?

Why bring it up? Is the loan repayment the only payment to the AFL you could find since 2002?


I know it wasn't paid.

How can I find evidence of something that didn't happen?

I don't have access to our annual reports in the years immediately after 2002, however we were given 12 months to pay the fine and did not get the loan until 2005.

The link is dead but this was posted in full on a forum.

Collins vows to stick it out

By Jake Niall
November 17, 2005

CARLTON president Ian Collins has indicated to members that he intends to
continue leading the club through what he has described as the "most
difficult time in club history".

Collins has taken the unprecedented step of sending a long letter to all
of Carlton's 33,000 members in which he outlines the club's financial
problems in detail, braces members for a loss and apologised for a
"totally unacceptable" season on the field.

In explaining the financial circumstances that afflict the Blues, Collins
cited a series of commitments his board had inherited — including an
apparent reference to the money it owed past players in under-the-counter
payments that were outside of the salary cap.

Carlton has owed past champions Stephen Silvagni and Craig Bradley
substantial sums that were promised to them in under-the-counter payments
while they were playing — debts the club acknowledged in its annual
accounts.

Collins listed four underlying factors that explained Carlton's financial
difficulties, particularly its ongoing cash flow problem.

They consisted of the debt from the construction of the Legends Stand,
substantial long-term player contracts that would expire at the end of
2006, the nearly $1 million fine for salary cap cheating and what Collins
termed "a number of commitments (contracts) to former players, which were
'off-balance sheet' that had to be extinguished".

So Collins has included the fine in a list of reasons we had cash flow problems. If we hadn't paid it, it wouldn't have contributed.