Dunedin’s stadium ‘burden’

Comment received.

Russell Garbutt
Submitted on 2012/09/24 at 10:45 am

I’m sure Elizabeth will put up the link to Burden’s piece on RNZ Morning Report.

It was unbelievable. It would also have been humorous if it wasn’t so appallingly stupid. This guy is either a nutter, or doesn’t have any idea of how debt, debt servicing etc actually is. Mind you, Geoff Robinson should have been cringing at why his valid questions just got turned into corporate gobbledygook going forward. Burden is a fool based on this interview.

### radionz.co.nz Monday 24 September 2012
Morning Report with Geoff Robinson & Simon Mercep
http://www.radionz.co.nz/national/programmes/morningreport

08:41 New Dunedin stadium ceo not fazed by challenges ahead
Dunedin Venues Management, which runs the city’s Forsyth Barr stadium, welcomes a new chief executive today. (3′58″)
Audio | Download: Ogg Vorbis MP3 | Embed

Posted by Elizabeth Kerr

11 Comments

Filed under Business, DCC, DVL, DVML, Economics, Media, Name, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums

11 responses to “Dunedin’s stadium ‘burden’

  1. Peter

    Burden, who is essentially ‘The Son Of Farry’, has learnt a few tricks off his Old Master. You make patently absurd comments that would blow any thinking person away and leave them temporarily speechless. Trouble is, as with Farry, time catches up with you and you lose any credibility you may have possessed. Not much in either case.

  2. Hype O'Thermia

    Burdensome Farryson, sounds like a character from Thomas Hardy.

  3. Anonymous

    “… so to put that in perspective, if you look at it at an operating level, a four hundred thousand dollar loss overall means that we actually are actually returning about three point six million, in debt, so that’s the profit we’re looking at…”

    If you can’t blind them with brilliance, baffle them with bullshit.

  4. Russell Garbutt

    I think, now I’ve had time to think about it and truly digest what Burden said, that “idiot” is the wrong assessment. A towering intellect with the same degree of financial wisdom and perception and close understanding as other such financial whizzkids as Bill Acklin and Neil Collins would be closer to the mark. I think that we all should be in deep awe of Burden, as we are of Acklin and Collins. Perhaps he has been having lessons from other giants of the financial world such as Brown, who can clearly demonstrate that he is financially aware. Along with Hudson of course. Just look at what they’ve managed to earn! They must be good and great people.

  5. MichaelA

    Doesn’t seem to be announced locally as yet (if ever) but Forsyth Barr Stadium is forecasting deficits of more than $4 million each of the next three years…

    http://www.radionz.co.nz/news/regional/116506/big-plans-for-stadium-in-the-face-of-forecast-deficit

  6. Peter

    Some of those ‘events’ would include telephone box size meetings.

  7. Hype O'Thermia

    MichaelA, the $4million deficits is what Geoff Robinson was trying to ask Fubar’s Burden in that interview… it’s a forecast that had reached RadioNZ but hasn’t managed to travel the few blocks to ODT HQ.

  8. Mike

    Let’s be fair here, these are not so much $4m debts but more $4m subsidies of the ORFU and their supporters.

  9. Rob Hamlin

    Perhaps Darren can be sent to sort out Solid Energy’s financial issues in Greymouth. After all, he’s expecting to make a profit here with a far more intractible ‘asset’ than this mine using little more than truly imaginative financial management concepts that, as far as I know have not yet been widely applied in mainstream industry – Except possibly the odd carpet company.

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