Roast The media ... *Shakes head*

[Ford Fairlane]

Yesterday it was Studley snr trying to somehow shift the blame for the demise of Footy Park onto Port Adelaide. Today the Sunday Mail has taken Port sniping to a whole new level, with the following ...

Bankrupt in link to Port Adelaide sponsor
* Nigel Hunt
* From: Sunday Mail (SA)
* June 06, 2010 12:02AM
link

A NOTORIOUS businessman who has left a string of failed ventures in his wake has emerged as a key figure behind the company sponsoring AFL club Port Adelaide.

Former bankrupt Donald Brownlie Fleming - whose failed businesses have cost investors and banks more than $30 million over 15 years - and wife Dee Dee are major shareholders in the company behind the Power's My ATM sponsorship deal.
link

That's right, he has shares in MyATM. A lot of shares, granted, but so do former Federal MPs Grant Chapman and Ross Cameron. The MyATM CEO (Tim Scala) states ...

In a written statement outlining Mr Fleming's involvement with the company, Mr Scala said: "Don Fleming founded My ATM jointly with Ross Cameron and myself".

"My ATM employs 20 staff and up to 30 external consultants. It is a strong business, with robust growth forecasts that are supported by independent analysis," the statement said. "Mr Fleming is a significant shareholder in My ATM. He consults to a company that is advising My ATM on marketing.

"Mr Fleming is not and never has been a director of My ATM. He has absolutely no involvement in the management of My ATM or its business decisions. He is not an employee of My ATM.

And MyATM's sponsorship funds for Port Adelaide ...

"come directly from profits earned by My ATM".

And yet, despite the assurances by the MyATM CEO that Mr Fleming is not involved in the day-to-day running of the company, and it appears his main involvement is as a consultant to a company that advises MyATM, the article states ...

In a move that has outraged investors who lost millions in Fleming's previous failed businesses, My ATM Holdings Ltd is understood to be paying more than $500,000 a year in a five-year, guaranteed and incentive-based deal as the Power's major sponsor.

I would have thought the outrage would be directed at Mr Fleming and his wife owning 52 million+ shares in the company, not how the company chooses to invest.

Mark Haysman states in the article Port Adelaide were advised and aware of Mr Fleming's shareholder status.

Mr Haysman said the Port board was aware of Mr Fleming's background and that he was a shareholder while talks were taking place with My ATM, and it had been "transparent from the beginning".

...

"His role is simply as a shareholder of the business. It did not cause any concern for us in terms of the business being well run and managed."

 

[Burningleviathan]

Re: Disgraceful Headline

Take Port from the headline and it's a non story. It really is pathetic that they are continuely trying to take swipes at the club. Can you imagine the same headline had it involved the Crows? I doubt it.

 

[HoTPowER]

Re: Disgraceful Headline

The print media in this state will always manipulate the truth to get a juicier story. More sales and more gossip. The only thing that suffers is journalistic integrity, and that's becoming more and more dispensable as time goes by.

 

[Geoffa32]

Re: Disgraceful Headline

I read on your board, the BIB jumper thread (I think) that one reason for the delay may be that the sponsorship is shaky.

A key paragraph that relates to your club (the only part of the entire story bar the headlines) is the last one on page one. That shareholders are not happy with the outlay in an AFL sponsorship. Not a wise move for a start up company to get shareholders offside??

 

[Ford Fairlane]

Re: Disgraceful Headline

I read on your board, the BIB jumper thread (I think) that one reason for the delay may be that the sponsorship is shaky.

A key paragraph that relates to your club (the only part of the entire story bar the headlines) is the last one on page one. That shareholders are not happy with the outlay in an AFL sponsorship. Not a wise move for a start up company to get shareholders offside??

No Geoffa that is not what that para says. It reads that investors who lost millions in Fleming's previous failed ventures are outraged (as quoted in the OP).

You make these 'little mistakes' far too often for anyone here to think it is accidental. Maybe it's best if you stayed on the crows board, or your true abode, Bay 13.

Unless, of course I have mis-read that paragraph. I look forward to your rebuttal in that case.

 

[Geoffa32]

Re: Disgraceful Headline

The mistakes are accidental. Trust me, I am a bull in a china shop............

Misread that and remembered the BiB thread, thought that person may be a shareholder or have some other knowledge.





Ten bucks says my Bay 13 thread turns into a D_One statfest by Monday midday...........

 

[wapower]

Re: Disgraceful Headline

It's a long bow to draw when you're trying to connect personal investment with the collapse of past companies that Fleming was administratively involved with.

This is the one for mine Ford Fairlane

Bankrupt in link to Port Adelaide sponsor

The revelation that Mr Fleming has once again emerged as a major player in the business world has also prompted warnings from those who have lost money in his previous ventures - even though My ATM Holdings Ltd chief executive Tim Scala maintains Mr Fleming has no role in company management.

and

Mr Fleming is not and never has been a director of My ATM. He has absolutely no involvement in the management of My ATM or its business decisions. He is not an employee of My ATM.

So CEO Tim Scala has stated that Donald Fleming has NO running in MyATM's management, decision making and is not an employee of MyATM.

It's disgraceful that Port Adelaide and it's associates have to justify their relationship. That said it's a pleasant point to see the sum of MyATM's contribution to the Port Adelaide coffers. I'm truly thankful for that sort of commitment from MyATM. The rest of the article is codswallop.

I've never understood why people try to connect dots that don't connect.

 

[bomberclifford]

Re: Disgraceful Headline

It's a long bow to draw when you're trying to connect personal investment with the collapse of past companies that Fleming was administratively involved with.

This is the one for mine Ford Fairlane



and



So CEO Tim Scala has stated that Donald Fleming has NO running in MyATM's management, decision making and is not an employee of MyATM.

It's disgraceful that Port Adelaide and it's associates have the justify their relationship. That said it's a pleasant point to see the sum of MyATM's contribution to the Port Adelaide coffers. I'm truly thankful for that sort of commitment from MyATM. The rest of the article is codswallop.

I've never understood why people try to connect dots that don't connect.

They get these quotes effectively making it a non-issue and yet they still run with the story?
Even worse, they *use* the quotes in the article and then write that headline.

It's outrageous that they get away with this crap.

 

[bomberclifford]

Re: Disgraceful Headline

I read on your board, the BIB jumper thread (I think) that one reason for the delay may be that the sponsorship is shaky.

A key paragraph that relates to your club (the only part of the entire story bar the headlines) is the last one on page one. That shareholders are not happy with the outlay in an AFL sponsorship. Not a wise move for a start up company to get shareholders offside??

Nice one, Judas.

 

[wapower]

Re: Disgraceful Headline

They get these quotes effectively making it a non-issue and yet they still run with the story?
Even worse, they *use* the quotes in the article and then write that headline.

It's outrageous that they get away with this crap.

Let's not kid ourselves. The intention of this article is to sully the reputation and position of the Port Adelaide Football Club and their sponsorship arrangement with MyATM.

The "article" is incongruity at it's finest.

 

[aneale]

Re: Disgraceful Headline

piss poor writing and typical of Sinday Mail headlines, however it is still a story.

******** Directors, and the bloke did co-found the company, that rip off shareholders for millions that ruin people's lives are news. The ones who manage to weasel their way into businesses that they help form and keep at arms length away should be outed, particularly given that they escape any real punishment in the first place.

If I was an ex shareholder from the previous business I would be ropeable.

Chapman has never had great taste IMO, so no surprises with his bedfellows.

Having said all that, would the SM ask Eddie for a quote if John Symond went broke again? His first business did hit the wall with the State Bank collapse after all.

 

[Ford Fairlane]

Re: Disgraceful Headline

Let them chase all the alleged charlatans they like, but don't try to drag us into it through some tenuous link.

Should we expect a headline "Crows linked to Falconio disappearance" because Bradley Murdoch drove a Toyota?

It was bad enough a few years back when the tiser's political writer used Byron Pickett's DUI charge for some grandstanding.

 

[aneale]

Re: Disgraceful Headline

Let them chase all the alleged charlatans they like, but don't try to drag us into it through some tenuous link.

Should we expect a headline "Crows linked to Falconio disappearance" because Bradley Murdoch drove a Toyota?

It was bad enough a few years back when the tiser's political writer used Byron Pickett's DUI charge for some grandstanding.

It is a tenuous link, but IMO the existing Directors are morons for even contemplating having this guy anywhere near them. They have clearly made the conscious decision to NOT make a co-founder of the business a Director. Why is that you think? So instead they make him a 'consultant'. There is another "C" that has been used to describe him by parliament .... criminal.

They should buy his shares out as quickly as possible.

And agreed it's not a Port story.

 

[Forzaport]

Re: Disgraceful Headline

As far as I'm concerned, this is the only relevant part of the article:

Link

Mr Haysman would not reveal the value of the sponsorship, other than to say it was "market rate" and that My ATM was a "prompt payer".

Link

Now if myATM were involved in anything that would bring the AFL into disrepute, then it's a different situation, but I don't see that here.

 

[Steve Dore]

Re: Disgraceful Headline

piss poor writing and typical of Sinday Mail headlines, however it is still a story. ..

A story maybe but nothing to do with Port. It is not unusual for business people to go bankrupt and then pop up again with loads of capital behind them. Maybe you are too young to remember a guy named Christopher Skase.

..... the bloke did co-found the company, that rip off shareholders for millions that ruin people's lives are news. The ones who manage to weasel their way into businesses that they help form and keep at arms length away should be outed, particularly given that they escape any real punishment in the first place.

If I was an ex shareholder from the previous business I would be ropeable. .....

The ex-shareholders of his previous failed business ventures should be more concerned about his multi-million dollar property at Tennyson rather than the business dealings of companies in which he owns shares.

Are you aware that Carlton and United Breweries sponsor the Cows? Maybe the Scumday Mail should do a front page article on John Elliott's close links with the Adelaide Football Corporation

 

[aneale]

Re: Disgraceful Headline

A story maybe but nothing to do with Port. It is not unusual for business people to go bankrupt and then pop up again with loads of capital behind them. Maybe you are too young to remember a guy named Christopher Skase.

The ex-shareholders of his previous failed business ventures should be more concerned about his multi-million dollar property at Tennyson rather than the business dealings of companies in which he owns shares.

Are you aware that Carlton and United Breweries sponsor the Cows? Maybe the Scumday Mail should do a front page article on John Elliott's close links with the Adelaide Football Corporation

Skase is my point. The bloke got what he deserved. So I have zero tolerance for anyone who has ended up screwing over investors as alleged with this bloke. The guy is a consultant, despite not having day to day dealings, so he's not just a shareholder as say you or I are in Onesteel for example. Despite my emails.

CUB sponsor the AFL, so by all means.

 

[Steve Dore]

Re: Disgraceful Headline

Skase is my point. The bloke got what he deserved. ......

Skase got to live out his life in luxury on the island of Majorca while owing over $700M to creditors

.... The guy is a consultant, despite not having day to day dealings, so he's not just a shareholder ..... CUB sponsor the AFL, so by all means.

The link between a former bankrupt shareholder of myATM and the PAFC is just as tenuous as the link between Johny Fosters and the Adelaide Football Corporation.

FYI indicates sarcasm in my previous post.

 

[MrMeaner]

Re: Disgraceful Headline

The Sunday Mail is hardly a paper of record. It would not have run the story without the tenuous link to Port.

 

[Ford Fairlane]

Re: Disgraceful Headline

And still no let up from the Sunday Mail ...

SANFL explore AAMI Stadium options
* Brad Crouch
* From: Sunday Mail (SA)
* July 11, 2010 12:02AM
link

THE SANFL is actively examining options for redeveloping its AAMI Stadium precinct to provide a secure source of revenue into the future.

<snip>

The SANFL's precinct development committee is examining options for new revenue to help offset expenses such as the recent bailout of the Port Adelaide Football Club.

That would be the expense of returning a fraction of the money we have generated for the SANFL?

Luckily the SANFL sets the record straight ...

"We are at AAMI Stadium for the next four years whether the Adelaide Oval redevelopment goes ahead or not - the Port situation has challenged our finances and we need to ensure our financial future going forward," the SANFL source said.

 

[Geoffa32]

Re: Disgraceful Headline

And still no let up from the Sunday Mail ...



That would be the expense of returning a fraction of the money we have generated for the SANFL?

Luckily the SANFL sets the record straight ...

One question about this money you guys recieved from the SANFL has not been asked, to my knowledge.

Why have the SANFL had to take out a $4m loan to give the funds to Port? With the amount of money our clubs generate for them, surely there would be a few mill held in cash as a contingency? What the heck are they doing with the matchday revenue they get?

The Power are in trouble finacially, as are most of the SANFL clubs. Yet the SANFL collect more money each week than any other stadium operator in Australia. I alwys thought the purpose of the SANFL holding the two licences was to ensure the SANFL stays strong financially. Which they are not.

Bugger an ICAC into the government, why not have one on the SANFL.

 

[Forzaport]

Re: Disgraceful Headline

SANFL explore AAMI Stadium options

While the AFL is forcefully pushing the Adelaide Oval redevelopment, some SANFL clubs remain reluctant to surrender their independent AAMI Stadium home for a shared deal with cricket.

SANFL explore AAMI Stadium options

Sit and rotate.

The SANFL clubs have bled SA football for far too long. It's an embarrassment the AFL has had to step in to force change.

 

[Natman]

Re: Disgraceful Headline

Sit and rotate.

The SANFL clubs have bled SA football for far too long. It's an embarrassment the AFL has had to step in to force change.

The SNAFL needs to become purely amateur, to reflect the pathetic standard that it has become. This also means that the administration structure, which currently puts the public service at its worst to shame, must also be decimated to get rid of the many fat cats that exist.

 

[Macca19]

Re: Disgraceful Headline

The Crows lose three in a row, they had a string of wanky Page 3 articles from ex players, sponsors, even ex-BF posting journalists spurring them on to show up to a game against the Blues and not to dig the boot in.

We lose a bunch of games in a row and the media in this state do their best to dig in their heels and do their very best to undermine even the positive things the club does.

Powertiser my ****ing arse.

 

[WhyAlwaysMe]

Re: Disgraceful Headline

The club should just do a blackout to the media apart from anything they're contracted to do. Especially that weasel Shuttleworth, and Aiston too.

 

[Natman]

Re: Disgraceful Headline

The Crows lose three in a row, they had a string of wanky Page 3 articles from ex players, sponsors, even ex-BF posting journalists spurring them on to show up to a game against the Blues and not to dig the boot in.

We lose a bunch of games in a row and the media in this state do their best to dig in their heels and do their very best to undermine even the positive things the club does.

Powertiser my ****ing arse.

While the 65/35 split remains it will be both newsworthy and beneficial in sales to the rag to praise and lift the clowns and to denigrate and criticise us - you know, the good v evil situation.