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StiflersMom
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+x+xFeel like a kid the day before Christmas scoping the pressies under the tree, really can't wait for tomorrow, hope FFA board are turfed Is turfing the Board on the agenda of the EGM? Nope, bad choice of words, but the expanded congress will essentially mean a new board
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miron mercedes
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Here are the two resolutions being voted on tomorrow:
The first Resolution is one to amend the Constitution of FFA to give effect to recommendations made by the CRWG.
The second Resolution is intended to set up a process to consider and propose a new A-League Governance Model.
so..if both are voted yes..
Constitution will be amended to add new voting members and a process will be set up to look at an independent A-League .
The first I imagine will happen very quickly .It may take a while for groups to actually sort out what they actually want , form alliances etc but I would expect a new board to happen very quickly ..and obviously a new representative Chairperson.This may or may not mean a new CEO . Gallop could be gone .
The independent A-league review may take a while but I imagine clubs and PFA would want this resolved a soon as possible ...so maybe we will see the 2018/19 season stay as it is with 2019/20 to be a start for an independent league ? (can't see how they could do it earlier than that unless they phase it in over the season ?)
Any thoughts people on how you see the next 12 months going ( if Tomorrow is indeed a new dawn lol ) ?
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someguyjc
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+x+x@ Paul01 Don’t disagree with all that. I’m just thinking there’s a 50/50 chance of a delay now because the ffa may not havd thought all this through but is used to being in a position of absolute Power such that it can make and push through any decision it likes and sort out any problems later. As I said earlier, the fact they brought the other clubs in to review this suggests they want to get this done. It’s just whether the existing clubs are happy with the detail of what’s being offered. +x+xPark that. Looks like FNR don’t know the difference between the ffa and it’s Members 🤔 Some on here don't even know what FFA means Waz. They think it means the Board and administration. I also assume the EGM is to establish a new constitution so the members are increased to include all the other stakeholdersas per the CWRG ? When would this take effect if voted for ? I also assume once we have new members a new board will be put in place and possibly some new admin. Gallop may get the chop.Would a new board have to abide by current selection processes for any new A-League entrants ? Surely a hold should be put on it all until a new board is put in place ? The AGM in November will be when nominations for directors will be voted on. The date for nominations was extended to the 21st oct. The EGM tomorrow is about voting on changes to congress and creating an independent HAL. Gallop unlikely to get the chop. It would be more likely that he steps down. He had his contract extended earlier this year so any new board would want to avoid the need to pay his contract out. He would most likely need to be in some sort of a breach of contract to get rid of him cleanly. However, I wouldn't be surprised if he has some of his budget cut. Apparently the staff working directly for him are on grossly exorbitant wages. A new board would not have to abide by the current selection process for expansion unless licenses have already been granted prior to the change. Until such time as the HAL becomes independent, it is up to the FFA to decide how to handle expansion. They may continue on as currently planned, or the may delay the selection process until they confirm more information about the operating model of an independent HAL.
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miron mercedes
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+x+x+x@ Paul01 Don’t disagree with all that. I’m just thinking there’s a 50/50 chance of a delay now because the ffa may not havd thought all this through but is used to being in a position of absolute Power such that it can make and push through any decision it likes and sort out any problems later. As I said earlier, the fact they brought the other clubs in to review this suggests they want to get this done. It’s just whether the existing clubs are happy with the detail of what’s being offered. +x+xPark that. Looks like FNR don’t know the difference between the ffa and it’s Members 🤔 Some on here don't even know what FFA means Waz. They think it means the Board and administration. I also assume the EGM is to establish a new constitution so the members are increased to include all the other stakeholdersas per the CWRG ? When would this take effect if voted for ? I also assume once we have new members a new board will be put in place and possibly some new admin. Gallop may get the chop.Would a new board have to abide by current selection processes for any new A-League entrants ? Surely a hold should be put on it all until a new board is put in place ? The AGM in November will be when nominations for directors will be voted on. The date for nominations was extended to the 21st oct. The EGM tomorrow is about voting on changes to congress and creating an independent HAL. Gallop unlikely to get the chop. It would be more likely that he steps down. He had his contract extended earlier this year so any new board would want to avoid the need to pay his contract out. He would most likely need to be in some sort of a breach of contract to get rid of him cleanly. However, I wouldn't be surprised if he has some of his budget cut. Apparently the staff working directly for him are on grossly exorbitant wages. A new board would not have to abide by the current selection process for expansion unless licenses have already been granted prior to the change. Until such time as the HAL becomes independent, it is up to the FFA to decide how to handle expansion. They may continue on as currently planned, or the may delay the selection process until they confirm more information about the operating model of an independent HAL. thanks ..sounds a reasonable answer..
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Paul01
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+x+x+x+x@ Paul01 Don’t disagree with all that. I’m just thinking there’s a 50/50 chance of a delay now because the ffa may not havd thought all this through but is used to being in a position of absolute Power such that it can make and push through any decision it likes and sort out any problems later. As I said earlier, the fact they brought the other clubs in to review this suggests they want to get this done. It’s just whether the existing clubs are happy with the detail of what’s being offered. +x+xPark that. Looks like FNR don’t know the difference between the ffa and it’s Members 🤔 Some on here don't even know what FFA means Waz. They think it means the Board and administration. I also assume the EGM is to establish a new constitution so the members are increased to include all the other stakeholdersas per the CWRG ? When would this take effect if voted for ? I also assume once we have new members a new board will be put in place and possibly some new admin. Gallop may get the chop.Would a new board have to abide by current selection processes for any new A-League entrants ? Surely a hold should be put on it all until a new board is put in place ? The AGM in November will be when nominations for directors will be voted on. The date for nominations was extended to the 21st oct. The EGM tomorrow is about voting on changes to congress and creating an independent HAL. Gallop unlikely to get the chop. It would be more likely that he steps down. He had his contract extended earlier this year so any new board would want to avoid the need to pay his contract out. He would most likely need to be in some sort of a breach of contract to get rid of him cleanly. However, I wouldn't be surprised if he has some of his budget cut. Apparently the staff working directly for him are on grossly exorbitant wages. A new board would not have to abide by the current selection process for expansion unless licenses have already been granted prior to the change. Until such time as the HAL becomes independent, it is up to the FFA to decide how to handle expansion. They may continue on as currently planned, or the may delay the selection process until they confirm more information about the operating model of an independent HAL. thanks ..sounds a reasonable answer.. That if the A-league is fully independent. The EPL model is highly unlikely
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Waz
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@ miron Mercedes
If the reporting is correct then the 10 Members have presented a new, single resolution, to be voted on at 1200 tomorrow. If successful this would supersede the two resolutions proposed by Lowy.
It’s all a bit murky to be honest but my guess is Lowy was trying to pull a fast one by having a vote on widening the representation that he would happily “lose” (I’ve no doubt he had a plan to keep control anyway) and then vote on a second resolution on an independent A League that would fail keeping Lowy happy, pissing the A League clubs off, but overall enough progress to keep fifa off his back.
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Lurker
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+x@ miron Mercedes If the reporting is correct then the 10 Members have presented a new, single resolution, to be voted on at 1200 tomorrow. If successful this would supersede the two resolutions proposed by Lowy. It’s all a bit murky to be honest but my guess is Lowy was trying to pull a fast one by having a vote on widening the representation that he would happily “lose” (I’ve no doubt he had a plan to keep control anyway) and then vote on a second resolution on an independent A League that would fail keeping Lowy happy, pissing the A League clubs off, but overall enough progress to keep fifa off his back. I think you may need to rethink that post Waz. Or has a second EGM been called for tomorrow, for which short notice has been agreed to.? https://asic.gov.au/for-business/changes-to-your-company/passing-a-company-resolution/#special-resolutions"Notice of a meeting of members for a company or registered schemeIf a special resolution is being proposed at a meeting, the notice to members must include the intention to vote on the special resolution and details of its contents. This is in addition to the other standard requirements like providing a date and time, proxy information, etc."
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Gyfox
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+x+x@ Paul01 Don’t disagree with all that. I’m just thinking there’s a 50/50 chance of a delay now because the ffa may not havd thought all this through but is used to being in a position of absolute Power such that it can make and push through any decision it likes and sort out any problems later. As I said earlier, the fact they brought the other clubs in to review this suggests they want to get this done. It’s just whether the existing clubs are happy with the detail of what’s being offered. Standard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdf+x+xPark that. Looks like FNR don’t know the difference between the ffa and it’s Members 🤔 Some on here don't even know what FFA means Waz. They think it means the Board and administration. So please explain it then..... in a company situation a board is responsible to shareholders. In the FFA situation I assume it is responsible to its members (?) Who are its members currently ? I am guessing it is the member states federations. I also assume the EGM is to establish a new constitution so the members are increased to include all the other stakeholdersas per the CWRG ? When would this take effect if voted for ? I also assume once we have new members a new board will be put in place and possibly some new admin. Gallop may get the chop. Would a new board have to abide by current selection processes for any new A-League entrants ? Surely a hold should be put on it all until a new board is put in place ? The discussion in the lead in to FIFA's Standard Statutes, IV Organisation, Article 19, Bodies (of the Association) has some points worth noting:- "The bodies are the most important parts of an Association. It cannot exist or act without them. Only the bodies, or persons who are authorised by them, can act with legally binding force for the Association. Therefore, an Association has to define a legislative body, an executive body, an administrative body and judicial bodies. The competences of these bodies shall be well-defined and differentiated and not overlapping. An Association shall ensure the separation of powers and respect the principles of corporate governance (e.g. checks and balances). Using the FIFA Statutes as a reference, these bodies are referred to below as the Congress, Executive Committee, standing committees, general secretariat, Disciplinary Committee and Appeal Committee."
The Association (FFA) then is a multifaceted organisation of separate bodies with distinct, non-overlapping roles and authorities that includes the Congress which is the supreme and legislative body, the Board which exercises all powers of the organisation not the responsibility of the Congress or given to other bodies in the constitution, the proposed standing committees which advise and assist the Board in fulfilling its duties, the administration which is headed by the CEO who operates under delegated authority from the Board and the independent judicial bodies.
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Gyfox
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+x@ miron Mercedes If the reporting is correct then the 10 Members have presented a new, single resolution, to be voted on at 1200 tomorrow. If successful this would supersede the two resolutions proposed by Lowy. It’s all a bit murky to be honest but my guess is Lowy was trying to pull a fast one by having a vote on widening the representation that he would happily “lose” (I’ve no doubt he had a plan to keep control anyway) and then vote on a second resolution on an independent A League that would fail keeping Lowy happy, pissing the A League clubs off, but overall enough progress to keep fifa off his back. Lowy didn't propose any resolutions, it was FFV. The Board gave its advice on the FFV resolutions. The agenda of an EGM is not supposed to be able to be changed which is why the earlier EGM has been called to consider the new resolutions.
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paulbagzFC
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Expect fireworks in 22 hours or so. -PB
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miron mercedes
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+x+x+x@ Paul01 Don’t disagree with all that. I’m just thinking there’s a 50/50 chance of a delay now because the ffa may not havd thought all this through but is used to being in a position of absolute Power such that it can make and push through any decision it likes and sort out any problems later. As I said earlier, the fact they brought the other clubs in to review this suggests they want to get this done. It’s just whether the existing clubs are happy with the detail of what’s being offered. Standard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdf+x+xPark that. Looks like FNR don’t know the difference between the ffa and it’s Members 🤔 Some on here don't even know what FFA means Waz. They think it means the Board and administration. So please explain it then..... in a company situation a board is responsible to shareholders. In the FFA situation I assume it is responsible to its members (?) Who are its members currently ? I am guessing it is the member states federations. I also assume the EGM is to establish a new constitution so the members are increased to include all the other stakeholdersas per the CWRG ? When would this take effect if voted for ? I also assume once we have new members a new board will be put in place and possibly some new admin. Gallop may get the chop. Would a new board have to abide by current selection processes for any new A-League entrants ? Surely a hold should be put on it all until a new board is put in place ? The discussion in the lead in to FIFA's Standard Statutes, IV Organisation, Article 19, Bodies (of the Association) has some points worth noting:- "The bodies are the most important parts of an Association. It cannot exist or act without them. Only the bodies, or persons who are authorised by them, can act with legally binding force for the Association. Therefore, an Association has to define a legislative body, an executive body, an administrative body and judicial bodies. The competences of these bodies shall be well-defined and differentiated and not overlapping. An Association shall ensure the separation of powers and respect the principles of corporate governance (e.g. checks and balances). Using the FIFA Statutes as a reference, these bodies are referred to below as the Congress, Executive Committee, standing committees, general secretariat, Disciplinary Committee and Appeal Committee."
The Association (FFA) then is a multifaceted organisation of separate bodies with distinct, non-overlapping roles and authorities that includes the Congress which is the supreme and legislative body, the Board which exercises all powers of the organisation not the responsibility of the Congress or given to other bodies in the constitution, the proposed standing committees which advise and assist the Board in fulfilling its duties, the administration which is headed by the CEO who operates under delegated authority from the Board and the independent judicial bodies. so basically the board is answerable ultimately to the Congress ?
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Midfielder
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+xExpect fireworks in 22 hours or so. -PB My reading of the tea leaves is that it is all over bar the shouting any back room deal done now would have an instant response from FIFA. I think the four state federations that were going to oppose the vote were shown the level of damage such a vote would cause and they looked for a face saving way out of it so they could vote yes.
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Lurker
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+x+x+x+x@ Paul01 Don’t disagree with all that. I’m just thinking there’s a 50/50 chance of a delay now because the ffa may not havd thought all this through but is used to being in a position of absolute Power such that it can make and push through any decision it likes and sort out any problems later. As I said earlier, the fact they brought the other clubs in to review this suggests they want to get this done. It’s just whether the existing clubs are happy with the detail of what’s being offered. Standard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdf+x+xPark that. Looks like FNR don’t know the difference between the ffa and it’s Members 🤔 Some on here don't even know what FFA means Waz. They think it means the Board and administration. So please explain it then..... in a company situation a board is responsible to shareholders. In the FFA situation I assume it is responsible to its members (?) Who are its members currently ? I am guessing it is the member states federations. I also assume the EGM is to establish a new constitution so the members are increased to include all the other stakeholdersas per the CWRG ? When would this take effect if voted for ? I also assume once we have new members a new board will be put in place and possibly some new admin. Gallop may get the chop. Would a new board have to abide by current selection processes for any new A-League entrants ? Surely a hold should be put on it all until a new board is put in place ? The discussion in the lead in to FIFA's Standard Statutes, IV Organisation, Article 19, Bodies (of the Association) has some points worth noting:- "The bodies are the most important parts of an Association. It cannot exist or act without them. Only the bodies, or persons who are authorised by them, can act with legally binding force for the Association. Therefore, an Association has to define a legislative body, an executive body, an administrative body and judicial bodies. The competences of these bodies shall be well-defined and differentiated and not overlapping. An Association shall ensure the separation of powers and respect the principles of corporate governance (e.g. checks and balances). Using the FIFA Statutes as a reference, these bodies are referred to below as the Congress, Executive Committee, standing committees, general secretariat, Disciplinary Committee and Appeal Committee."
The Association (FFA) then is a multifaceted organisation of separate bodies with distinct, non-overlapping roles and authorities that includes the Congress which is the supreme and legislative body, the Board which exercises all powers of the organisation not the responsibility of the Congress or given to other bodies in the constitution, the proposed standing committees which advise and assist the Board in fulfilling its duties, the administration which is headed by the CEO who operates under delegated authority from the Board and the independent judicial bodies. so basically the board is answerable ultimately to the Congress ? No. The ultimate responsibility is to the members of the organisation.
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Lurker
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+xExpect fireworks in 22 hours or so. -PB Nonsense. There will be no fireworks, simply a vote and a result of that vote. Providing all legal requirements are satisfied there is nothing the board can do other than to accept the decision.
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miron mercedes
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+x+x+x+x+x@ Paul01 Don’t disagree with all that. I’m just thinking there’s a 50/50 chance of a delay now because the ffa may not havd thought all this through but is used to being in a position of absolute Power such that it can make and push through any decision it likes and sort out any problems later. As I said earlier, the fact they brought the other clubs in to review this suggests they want to get this done. It’s just whether the existing clubs are happy with the detail of what’s being offered. Standard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdfStandard Statutes 2005.pdf+x+xPark that. Looks like FNR don’t know the difference between the ffa and it’s Members 🤔 Some on here don't even know what FFA means Waz. They think it means the Board and administration. So please explain it then..... in a company situation a board is responsible to shareholders. In the FFA situation I assume it is responsible to its members (?) Who are its members currently ? I am guessing it is the member states federations. I also assume the EGM is to establish a new constitution so the members are increased to include all the other stakeholdersas per the CWRG ? When would this take effect if voted for ? I also assume once we have new members a new board will be put in place and possibly some new admin. Gallop may get the chop. Would a new board have to abide by current selection processes for any new A-League entrants ? Surely a hold should be put on it all until a new board is put in place ? The discussion in the lead in to FIFA's Standard Statutes, IV Organisation, Article 19, Bodies (of the Association) has some points worth noting:- "The bodies are the most important parts of an Association. It cannot exist or act without them. Only the bodies, or persons who are authorised by them, can act with legally binding force for the Association. Therefore, an Association has to define a legislative body, an executive body, an administrative body and judicial bodies. The competences of these bodies shall be well-defined and differentiated and not overlapping. An Association shall ensure the separation of powers and respect the principles of corporate governance (e.g. checks and balances). Using the FIFA Statutes as a reference, these bodies are referred to below as the Congress, Executive Committee, standing committees, general secretariat, Disciplinary Committee and Appeal Committee."
The Association (FFA) then is a multifaceted organisation of separate bodies with distinct, non-overlapping roles and authorities that includes the Congress which is the supreme and legislative body, the Board which exercises all powers of the organisation not the responsibility of the Congress or given to other bodies in the constitution, the proposed standing committees which advise and assist the Board in fulfilling its duties, the administration which is headed by the CEO who operates under delegated authority from the Board and the independent judicial bodies. so basically the board is answerable ultimately to the Congress ? No. The ultimate responsibility is to the members of the organisation. sorry ..yes I meant the members...thanks I wonder if right now Lowy is resigned to standing down or will he "add more tunnel" as Waz put it . I guess he may be frantically trying to sway someones votes as we speak ..but will it work ? He is a slippery fish to hold down.
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Waz
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Cricket Australia to announce a new CEO on Wednesday.
Surely not our David, the timings just a coincidence right?
😀
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Waz
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F’ck me sideways. O’Rourke revealed today that there were only 19 arrests at A League matches last season NINETEEN We had that many police on duty at the Den end of Suncorp Stadium, we clearly had spares !! The FFA set us up for this BS https://www.foxsports.com.au/football/aleague-boss-greg-orourke-reveals-just-19-arrests-were-made-at-matches-last-season/news-story/105be8ef96d11f0bb090a325e04a0157
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someguyjc
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Not sure if it's the same up in Brisbane, but the reason there is a large police presence (outside the stadium) in Melbourne is because of the active fans marching to the stadium. This comes under the same laws as a protest march. That means by law there has to be a certain number of police for public safety. However inside the ground is a different story. I guess they may argue that there is low incident numbers because of the police presence. I reckon the police would love the football gig. There's rarely ever any trouble at the football so they just need to stand around looking like cops.
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Paul01
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He talked about policing on the State of the Nation podcast hosted on Around the Bloc/Football National Radio with the ATB guys, Fox Sports represented by Simon Hill and Adam Peacock and O'Rourke for most of it except the expansion discussion. Worth a listen (again) on many issues including A-league governance going forward.
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Midfielder
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Not sure the point you are making I read the article as a positive for Football and engaging the police to re think what they do about Football crowds. A-LEAGUE boss Greg O’Rourke has revealed there were just 19 arrests last season across 135 matches, justifying claims that A-League games are being over-policed.Speaking on the Fox Football Podcast, O’Rourke says he has been engaged in constructive discussions with police ahead of the new season, with plans to change their approach.
“The conversations are positive about what we can do together to make sure that policing and public safety isn’t compromised, but at the same time the game doesn’t have an image it doesn’t deserve,” O’Rourke said. “They’re going to change their policing model, which will be advantageous to our code.” O’Rourke also confirmed that the controversial idea to play music during matches will not go ahead, but there are plans to introduce pre-match and halftime entertainment. Podcast in which GO speaks first. https://player.whooshkaa.com/episode?id=282311
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Midfielder
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Bundoora B
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+x+xExpect fireworks in 22 hours or so. -PB My reading of the tea leaves is that it is all over bar the shouting any back room deal done now would have an instant response from FIFA. I think the four state federations that were going to oppose the vote were shown the level of damage such a vote would cause and they looked for a face saving way out of it so they could vote yes. yeah i've heard it before. and then things are derailed with texts sent in meetings and chat with the lowy's behind closed doors.
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Waz
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@ Midfielder
You’re not sure of the point I’m making?
Let’s agree - it is a positive for football and fly’s in the face of the way media portrays football fans.
The point I was trying to make is simply this - the ffa set the policing agenda, they set unnecessary rules and regulations that require police support in stadiums, and most importantly they set the tone which police (and media, public etc) respond too.
Ask any football fan and they will tell you there’s a low incident level at football matches. We’ve known this for years but O’Rourke has just worked it out now?
So having used a sledgehammer to crack a nut, the ffa have damaged relationships with fan groups and played in to the media stereotype that football fans are hooligans - that’s why you have riot police for the Melbourne derby.
It’s a cultural problem at the ffa. Fans to them are an inconvenience sadly.
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miron mercedes
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+x@ Midfielder You’re not sure of the point I’m making? Let’s agree - it is a positive for football and fly’s in the face of the way media portrays football fans. The point I was trying to make is simply this - the ffa set the policing agenda, they set unnecessary rules and regulations that require police support in stadiums, and most importantly they set the tone which police (and media, public etc) respond too. Ask any football fan and they will tell you there’s a low incident level at football matches. We’ve known this for years but O’Rourke has just worked it out now? So having used a sledgehammer to crack a nut, the ffa have damaged relationships with fan groups and played in to the media stereotype that football fans are hooligans - that’s why you have riot police for the Melbourne derby. It’s a cultural problem at the ffa. Fans to them are an inconvenience sadly. Well hopefully they will be an "inconvenience" for someone new after tomorrow.
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Melbcityguy
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So can someone dumb down the scenarios on what could take place today?
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bohemia
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Lurker
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Verified account @VinceRugari " FIFA has written to FFA chairman Steven Lowy overnight... confirming it approves of CRWG proposals and that it expects them to be passed at today's EGM after public statement of consensus from FFA members! The jig, it appears, is up"
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lebo_roo
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CHRISTINE LACY OCTOBER 02, 2018 The Australian at the time.Politics and football sounds like a perfect mix for Conroy, the long-time president of Volleyball Victoria and a raging supporter of the A-League’s Melbourne City.That Melbourne City affiliation is handy.City, led by vice-president Simon Pearce, has been one of key clubs that have agitated against the Lowy-controlled FFA.The clubs want more money to flow from the FFA to A-League club owners, including rich-lister Paul Lederer at Western Sydney and mining identity Tony Sage at Perth.Frank Lowy and Paul Lederer. Picture: Craig GreenhillToday, A-League club owners, various state federations and the players association will gather at a specially convened extraordinary general meeting at the FFA’s Sydney headquarters next to Hyde Park.The agitators are expected to gain control of the congress, which elects the FFA board.A coterie of Lowy-backed FFA board members are expected to follow the chairman and exit the tumultuous code, including ex-NAB banker Joseph Healy, Pendal Group equities guru Crispin Murray and former CBA institutional boss Kelly Bayer Rosmarin.Not all current FFA directors are expected to retreat.More popular with the clubs is Chris Nikou, an M&A lawyer with K&L Gates in Melbourne and former Melbourne Victory board member.Some are backing Nikou as a potential compromise to succeed Lowy as chair — although he wouldn’t be half as fun as Conroy.Sudden departureThe ABC’s new acting chair Dr Kirstin Ferguson has endured her own awkward corporate departure.Two years ago, Ferguson — who has a PhD in workplace safety — abruptly ended her stint as a director of construction giant CIMIC, which with a market cap of $16.3 billion is by far the biggest outfit she has ever been associated with.Her surprise resignation, effective on November 16, 2016, the day it was announced, came only 2½ years after she had taken up the plum gig at the outfit (which was called Leighton Holdings before a takeover over by Spain’s Grupo ACS in 2014).“Dr Ferguson cited her upcoming commitments as the reason for her decision,” said an unconvincing statement to the ASX authorised by CIMIC’s executive chairman Marcelino Fernandez Verdes.As far as Margin Call could see, the only imminent addition in late 2016 to the Brisbane-based Ferguson’s directorship portfolio was a gig on the board of surfing legend Layne Beachley’s foundation.However worthy, it’s unlikely that charity gig crowded out Ferguson’s CIMIC duties.Interestingly, the day after Ferguson’s CIMIC departure, Fairfax Media revealed individuals at the company and its predecessor were under investigation by the corporate regulator ASIC over their handling of a multi-million-dollar bribery scandal.It was serious stuff.By January 2017, ASIC launched criminal charges against former Leighton executive Peter Gregg. That trial will be heard in Downing Centre court in a fortnight’s time.Makes Ferguson’s Michelle Guthrie-related travails at Aunty look trivial.Late scratchingIn recent weeks, Margin Call heard whispers one-time pornographer Dean Shannon was looking to sell his online gambling business Neds.That seemed a surprise, as the outfit is only a year old.Then Margin Call got its hands on Neds’ inaugural results, which were lodged with the corporate regulator a few days ago.Now we’re not so surprised.The Brisbane-based, Singaporean-backed outfit last year made a total loss of $13.7 million.That’s a lot of red ink for an upstart business with revenue of only $5m.And, with point-of-consumption online gambling taxes to come into effect around the nation on January 1, things are likely to get uglier.The biggest online gambling operators Barni Evans’ Sportsbet and Matthew Tripp’s BetEasy (the rebadged and rebuffed CrownBet) are in the market, gobbling up smaller rivals and their customer databases.Although, to go by Neds just released numbers, it’s hard to imagine either paying too much for its publicised 75,000 customers.Its founder, the 52-year-old, British-born and now Gold Coast-based Shannon is a serial online entrepreneur.Earlier in the year, he had a go raising $60m through an initial coin offering (ICO).That came to an inglorious end in May when, weeks after the ICO spruiking, James Shipton’s regulator ASIC got in touch.Spread the wordTo our hitherto sleepiest regulator, chairman Wayne Byres’ APRA, which has recently been rudely disturbed by Kenneth Hayne.APRA chairman Wayne ByresAfter a 12 year APRA stint, Andrew McCutcheon has quietly parted ways with the regulator.The former ABC journo left not long after APRA deputy chairman Helen Rowell’s uncomfortable day at the Hayne Show. We’re told those two events are not related.In the trenches, fighting APRA’s worse press in its 20-year history, is Ben McLean, previously at the Insurance Council of Australia.McLean is working for former Kreab Gavin Anderson partner Paula Hannaford, once of Nicholas Moore’s Macquarie and now APRA’s corporate affairs boss. Where else would you want to be?" style="color: rgb(68, 68, 67); font-family: "Adobe Garamond Pro", Georgia, "Times New Roman", Times, serif, -apple-system, BlinkMacSystemFont, "Segoe UI", "Droid Sans", "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Droid Sans Fallback", "Microsoft YaHei", sans-serif, sans-serif; font-size: 22px; font-style: normal; font-variant-ligatures: common-ligatures; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial;">Stephen Conroy is best known as a Labor headkicker — but could the former senator soon be charged with bringing peace to Football Federation Australia?Margin Call hears Conroy is being touted as the next chair of soccer’s war-torn governing body.Conroy’s mission, should he get the FFA job: to end years of fighting between the dysfunctional sport’s Rich Lister-backed clubs and a governing body that has been controlled by the billionaire Lowy family.Sounds like child’s play for a Labor powerbroker who once ruled the badlands of Victoria.In August, the exasperated FFA chairman Steven Lowy — who took over the job from his father Frank Lowy in 2015 in a managed process that enraged many of the clubs — called time on his tenure running the administration body.“I’m doing this because of the politics in football,” Lowy told The Australianat the time.Politics and football sounds like a perfect mix for Conroy, the long-time president of Volleyball Victoria and a raging supporter of the A-League’s Melbourne City.That Melbourne City affiliation is handy.City, led by vice-president Simon Pearce, has been one of key clubs that have agitated against the Lowy-controlled FFA.The clubs want more money to flow from the FFA to A-League club owners, including rich-lister Paul Lederer at Western Sydney and mining identity Tony Sage at Perth.Frank Lowy and Paul Lederer. Picture: Craig GreenhillToday, A-League club owners, various state federations and the players association will gather at a specially convened extraordinary general meeting at the FFA’s Sydney headquarters next to Hyde Park.The agitators are expected to gain control of the congress, which elects the FFA board.A coterie of Lowy-backed FFA board members are expected to follow the chairman and exit the tumultuous code, including ex-NAB banker Joseph Healy, Pendal Group equities guru Crispin Murray and former CBA institutional boss Kelly Bayer Rosmarin.Not all current FFA directors are expected to retreat.More popular with the clubs is Chris Nikou, an M&A lawyer with K&L Gates in Melbourne and former Melbourne Victory board member.Some are backing Nikou as a potential compromise to succeed Lowy as chair — although he wouldn’t be half as fun as Conroy.
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miron mercedes
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+x Verified account @VinceRugari " FIFA has written to FFA chairman Steven Lowy overnight... confirming it approves of CRWG proposals and that it expects them to be passed at today's EGM after public statement of consensus from FFA members! The jig, it appears, is up" I am curious ..what could Lowy possibly say to a Federation to make them "err" ? Does he have dirt on people ? Does he offer financial bribes ? What possible power can he have over someone who ,ostensibly, actually employs him ? it makes me wonder how dirty these guys are at that level ...
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Melbcityguy
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SO who will be in charge after lowy goes?
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