Taking questions for President Peggy O'Neal - [Question answered]

[Equus]

Can our mods please explain how the questions regarding our jumper and our football zone were included in the list of questions?

Both questions had little on no support from the Big Footy posters as the jumper garnered 4 posts out of about 225 posts (less than 2%)

And the zoning question had no posts that I could find.

Surely there were other more worthy questions to ask.

Bojangles17 posted the question about the zoning.

They were selected because they were questions that will at the very least be answered with less spin.

 

[Groupie_]

Can our mods please explain how the questions regarding our jumper and our football zone were included in the list of questions?

Both questions had little on no support from the Big Footy posters as the jumper garnered 4 posts out of about 225 posts (less than 2%)

And the zoning question had no posts that I could find.

Surely there were other more worthy questions to ask.

jumper question got a s**t load of likes bud, maybe u like the team runnin out in grey and beige every week, i dont, but thats just me

 

[Ralll]

Q: Would the Club look at hiring an external person to review the football department’s (coach, assistants, recruitment) structure and performances?

Our entire organisation is constantly in discussion with people external to our Club – and to the football industry – to gather information relating to a whole range of things, including best practice structures and performance management techniques and measures.

lol, so the answer is no.

 

[tigs2010]

lol, so the answer is no.

Probably searched for a generic answer on Google.

 

[Sir_Loin]

Alright, again thanks everyone for your questions. Answers available on the link below...

http://www.richmondfc.com.au/news/2016-07-22/forum-questions-answered-by-peggy-oneal

Thanks Stig

 

[I Rock]

 

[Tiger7374]

Bang on

Also we have spent more on the ground than the JDF has contributed, so the notion JDF funds are being used to artificially boost profits by funding operational costs is misleading at best

Firstly, JDF Distributions that have transferred to the RFC have to be recognised as Revenue by the RFC...can never be excluded.

For those out there that think it's artificial propping, simply deduct the Distribution from the Profit if you like, it's your analysis. Personally I don't, because I recognise the length, purpose and dependability of the JDF contribution annually.

Any payment made by the RFC must be reported...it cannot be excluded. It will be classified as an Expense (straight to the P&L) or Capital (straight to the BS which you can track via the Cashflow Statement and then depreciated into the P&L). Ultimately the JDF receipt, if used solely on asset building, will be matched by a total mix of Expense and Depreciation...just not in the year of receipt.

Asset outflows/payments typically are Maintenance (Expense), Improvement (BS) or New (BS). So it's all a tad complex to find the Outflows that made up the JDF Receipt.

I would expect that the Capital Works Budget prepared prior to the upcoming Finance Year would have the JDF estimate included that enables a program to be devised.

 

[northeasttiger]

jumper question got a s**t load of likes bud, maybe u like the team runnin out in grey and beige every week, i dont, but thats just me

Just four poster were concerned enough about the jumper to post about it.

It seems that it was more a question that Peggy wanted to answer rather than one that required a more detailed honest answer

 

[theflea]

Kiwi you've completely misunderstood, the reason they collaborate isn't for their research. The research path was chosen as a result of the collaboration having been completed. She specialises in Sport Sponsorship and Partnerships and is heavily involved in the development of sport sponsorship proposals and the direction of existing sponsorships particularly with the companies that sponsor various clubs. Example she was involved in Holden's decision to move the majority of their sponsorship into Collingwood Female's team after Eddie Mcguire's comments. Also the research isn't on those figures, its on the best practices. Those figures just enable them to see what works from what they experienced in their collaborations hence a large discrepancy can affect this. Their collaborations don't occur because of their profession, they offer their expertise to these companies and clubs. More often than not they bring them in to deal with particular deals, which then leads to future opportunities hence between them their involved in most sponsorship deals. Also this practice isn't limited to AFL, it also occurs in the NRL.

May i also remind you that the figures are from last year, so quite a few of those aren't relevant. Also without talking to her, i couldn't guarantee that Metro Solar's 100,000 is included or isn't. However that is a small amount, so wouldn't make much difference. I will leave this here as that is what it looks like you are wanting to do. So i probably won't reply from now on. Cheers

I might be missing something here, but are you saying those figures aren't directly accurate and are just a general industry expectation?

 

[TigerImposter]

Just four poster were concerned enough about the jumper to post about it.

It seems that it was more a question that Peggy wanted to answer rather than one that required a more detailed honest answer

It wasn't one of our questions listed on page 9. It came from PRE I believe as RFCO listed the combined questions on page 10 where BLK appears.

 

[Caveman68]

There's been a bit of harshness here and there on Peggy's answers.

Just the fact she did it at all is pretty cool and speaks a lot about what the club is working toward.

The questions were pretty tough, most had questions within questions, and let's not forget she really can't divulge that much information otherwise the media would be all over it.

Let's not forget how far the club has come since Dimma has been there plus Peggy and Benny Gale. We were a rabble, now we're a stable club that is doing all sorts of good things. We can't quite get the footy right yet, but that isn't as simple as changing board members and getting new presidents, or having external reviewers come in either. We are clearly on a good thing at the club, why break it down again? That definitely won't fix what's happening on the field. And anyway, we're definitely better than any other period since I was born in 1987.

Let's also not forget that this stability and prosperity at the club has only really been in place since about 2010 or 2011, so we're still building it.

Everything is in place and the club is clearly doing well overall, so now just like all the other 14 teams who haven't won a flag in the past 9 years, we need a bit of luck and to hopefully recruit the right players, and I reckon if we keep the same people in place and continue to grow, in 5-10 years time we will be a regular finals team and will be reaping the rewards of sticking strong as opposed to tearing it down again.

We just gotta start plucking the right players, that's what the footy side of things comes down to.

The club has come far under Peggy and Brendan mostly on the back of the FTF. The credit needs to go to the contributors not these two. I'm sick of hearing them getting all the plaudits for getting us out of debt. You can only go to the well so many times.

 

[Ned_Flanders]

Just four poster were concerned enough about the jumper to post about it.

It seems that it was more a question that Peggy wanted to answer rather than one that required a more detailed honest answer

We have had a thread on this issue for ages, and its raised on other threads constantly

Also our mods chose the questions, not the club

The mods advised the questions in advance, and the only ones replaced were ones PRE asked (and rather than double up some of the b list were asked)

What specific question/s are you angry about not being asked?

 

[Bojangles17]

I expect a leader to have a cool head and the ability to collaborate with skilled people around them to make pivotal decisions. I am still convinced that the leadership is quality and look forward to seeing how we respond to our worst year in the last 4. if anyone was expecting some tyrannical rant, then you re seriously out of touch with how a modern org is run and frankly it would concern me greatly if I did hear that

 

[Groupie_]

Just four poster were concerned enough about the jumper to post about it.

It seems that it was more a question that Peggy wanted to answer rather than one that required a more detailed honest answer

its a big issue

 

[Groupie_]

It wasn't one of our questions listed on page 9. It came from PRE I believe as RFCO listed the combined questions on page 10 where BLK appears.

would like to meat my PRE clone

 

[Tiger7374]

....exaggerating or lying just brings everything you say into question...

Truth is your best weapon

Rf, this is poor form.

Deanos and Kiwi can resolve the numbers around their argument perfectly without you coming over the top with a value assessment.

Fwiw...your accounting explanation on the JDF was perfectly incompetent...as an Australian CPA, I would be stripped of my professional qualification if I picked and chose what to report. Buggered if I know what standards your CPA is based on.

 

[TigerImposter]

would like to meat my PRE clone

Mine are all gone

 

[tigs2010]

Mine are all gone

 

[Ned_Flanders]

Rf, this is poor form.

Deanos and Kiwi can resolve the numbers around their argument perfectly without you coming over the top with a value assessment.

Fwiw...your accounting explanation on the JDF was perfectly incompetent...as an Australian CPA, I would be stripped of my professional qualification if I picked and chose what to report. Buggered if I know what standards your CPA is based on.

Read it again, I was saying they can't exclude it and it has to be included in the reporting

 

[Tiger7374]

I read the discussion perfectly.

Flea asked if the Revenue and Expense was linked for reporting purposes...you said Bang On...I pointed out that is not the case at all. If the RFC want to go buy an asset thinking the JDF will send them a distribution, but for some reason the JDF can't deliver the money, the outflow is still reported. It's a budgeting matter, not a reporting matter...both the inflow and outflow are seperate events for reporting purposes.

I'm done with accounting for today...hope you are done with value judgements.

 

[Ned_Flanders]

I read the discussion perfectly.

Flea asked if the Revenue and Expense was linked for reporting purposes...you said Bang On...I pointed out that is not the case at all. If the RFC want to go buy an asset thinking the JDF will send them a distribution, but for some reason the JDF can't deliver the money, the outflow is still reported. It's a budgeting matter, not a reporting matter...both the inflow and outflow are seperate events for reporting purposes.

I'm done with accounting for today...hope you are done with value judgements.

look at what we were talking about

we were not talking about what is being planned for or budgeted for, but what funds have actually been transferred from the JDF to the RFC

nice work jumping into a discussion without following its context or position

as for disagreeing with me commenting on posts, you are aware of what a forum is? if you want somewhere that no one comments on anything, I suggest you read a book

 

[Calcium Man]

Just four poster were concerned enough about the jumper to post about it.

It seems that it was more a question that Peggy wanted to answer rather than one that required a more detailed honest answer

You obviously don't forum very often.

Groupie has been bugging stig for years about the colours of our Jumper and BLK. Stig even acknowledged in an earlier post that he added a sneaky 11th question about BLK.

 

[tigerdan]

Personally I don't care much about the wrong shade of black, I care more about the limp wristed inverted jumper. It looks like s**t and is uneccessary IMHO. Still, I think there are bigger things to be worried about or else I would have asked a question about it.

Regarding the JDF, the way I remember it, when it first started it was not included in the profit and loss statement. I seem to remember a furore when our essendon supporting (?!) president included it early in his tenure and it made it look like we magically made about an extra million between one year and the next.

All I really care about is that we follow standard accounting practices. If that means we include it, then so be it.

About the answers, well what did people really expect. It's nice that they engage with us by taking questions, but FFS as if they are going to come out and say half the coaching staff are an incompetent bunch of campaigners and we can't wait to run them off.

I remember going to an AGM when they used to have them at the Richmond town hall, and they opened the floor to questions and some bozo started asking Northey why he didn't bench Matthew Dundas in the 3rd quarter. I mean seriously, we all love the Tiges but some questions don't really deserve an answer.

 

[_RT_]

Mine are all gone

PRE is for brightsiders only. Any questioning of the club is frowned upon

 

[Groupie_]

Personally I don't care much about the wrong shade of black, I care more about the limp wristed inverted jumper. It looks like s**t and is uneccessary IMHO. Still, I think there are bigger things to be worried about or else I would have asked a question about it.

Regarding the JDF, the way I remember it, when it first started it was not included in the profit and loss statement. I seem to remember a furore when our essendon supporting (?!) president included it early in his tenure and it made it look like we magically made about an extra million between one year and the next.

All I really care about is that we follow standard accounting practices. If that means we include it, then so be it.

About the answers, well what did people really expect. It's nice that they engage with us by taking questions, but FFS as if they are going to come out and say half the coaching staff are an incompetent bunch of campaigners and we can't wait to run them off.

I remember going to an AGM when they used to have them at the Richmond town hall, and they opened the floor to questions and some bozo started asking Northey why he didn't bench Matthew Dundas in the 3rd quarter. I mean seriously, we all love the Tiges but some questions don't really deserve an answer.

gtfo and * off