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Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
April 20, 2016 8:32pm
ANTHONY GALLOWAYHerald Sun
The Western Bulldogs no longer list Slater and Gordon as one of its “Platinum Partners”.
EMBATTLED law firm Slater and Gordon, which has 10 days to convince lenders not to call in its loans, has pulled its platinum sponsorship of the Western Bulldogs.
The AFL club no longer lists the class action law firm among its “Platinum Partners”, though the firm is understood still to be a sponsor.
Slater and Gordon, which posted a six-month loss of nearly $1 billion until December, has had a long association with the Bulldogs and it is understood it is still a significant sponsor of the club.
It is unclear whether Slater and Gordon has pulled back on other sponsorships.
Slater and Gordon has had a long association with the Bulldogs. Picture: Michael Klein.
In recent years, the law firm has had a significant advertising presence at AFL stadiums, been the naming rights sponsor of the Football Integration Development Association and was the major game day sponsor of the Robert Rose Cup between the Bulldogs and Collingwood.
It was also announced last year the company would be the “official law firm” of the Australian Olympic Team at Rio.
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A spokesman for Slater and Gordon declined to comment.
The law firm has until the end of this month to satisfy its bankers — including National Australia Bank and Westpac — that it can remain viable.
If the banks do not agree with the firm’s proposal, they can demand that loans are repaid within 12 months.
About 3000 shareholders have signed with rival firm Maurice Blackburn for a class action, while Sydney-based firm ACA Lawyers has also secured funding for its own action on behalf of aggrieved Slater and Gordon shareholders.
ACA Lawyers principal Bruce Clarke said he hoped Slater and Gordon came to an agreement with the banks to refinance its loans.
Slater and Gordon’s share price, which last year topped $8, closed yesterday at 27c.
http://www.heraldsun.com.au/news/vic...09d561f5815fec
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
How do you lose 1 billion in 6 months ?? Wow
Bring back the biff
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
ledge
How do you lose 1 billion in 6 months ?? Wow
Invest in a dodgy investment. It's the market mate.
They say Burt Lancaster has one, but I don't believe them.
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Shit. Ok, let's use a sophisticated weather machine known as a 'laser'. We will use this 'laser' to threaten to destroy the protective barrier around the world known as the 'ozone layer'. Thereby rincreasing the risk of skin cancer. That is of course, unless the world sports businesses pays us hefty new sponsorships.
Rocket Science: the epitaph for the Beveridge era - whenever it ends - reading 'Here lies a team that could beat anyone on its day, but seldom did when it mattered most'. 15/7/2023
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
ledge
How do you lose 1 billion in 6 months ?? Wow
Purchase a UK business for 1.3 Bill, and then revalue the business to just about nothing within 12 months
http://www.businessinsider.com.au/sl...tedowns-2016-2
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
bulldogtragic
Shit. Ok, let's use a sophisticated weather machine known as a 'laser'. We will use this 'laser' to threaten to destroy the protective barrier around the world known as the 'ozone layer'. Thereby rincreasing the risk of skin cancer. That is of course, unless the world sports businesses pays us hefty new sponsorships.
Um... That has already happened sir.
Western Bulldogs: We exist to win premierships
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
Throughandthrough
That was a disgraceful move and has really stuffed the whole organisation. The whole board needs to be sacked including the CEO.
FFC: Established 1883
Premierships: AFL 1954, 2016 VFA - 1898,99,1900, 1908, 1913, 1919-20, 1923-24, VFL: 2014, 2016 . Champions of Victoria 1924. AFLW - 2018.
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
bornadog
That was a disgraceful move and has really stuffed the whole organisation. The whole board needs to be sacked including the CEO.
There's not going to be a Slater & Gordon soon. Once the current class action against them really heats up, it will be wound up. Peter Gordon made yet another astute decision to sell his considerably interest a few years back.
This also means the posters in the coaches box won't have them on it. I wonder if we can get WOOF on the poster...
Rocket Science: the epitaph for the Beveridge era - whenever it ends - reading 'Here lies a team that could beat anyone on its day, but seldom did when it mattered most'. 15/7/2023
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
bulldogtragic
There's not going to be a Slater & Gordon soon. Once the current class action against them really heats up, it will be wound up. Peter Gordon made yet another astute decision to sell his considerably interest a few years back.
I wonder if we can get WOOF on the poster...
Of course you can just cough up the platinum sponsorship amount.
FFC: Established 1883
Premierships: AFL 1954, 2016 VFA - 1898,99,1900, 1908, 1913, 1919-20, 1923-24, VFL: 2014, 2016 . Champions of Victoria 1924. AFLW - 2018.
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Post Thanks / Like - 0 Thanks, 1 Likes
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
bornadog
That was a disgraceful move and has really stuffed the whole organisation. The whole board needs to be sacked including the CEO.
They reckon they can't sack the CEO because the role takes specialist knowledge and experience to carry out, seriously! I don't know how much more specialist knowledge and experience the company can withstand though.
They say Burt Lancaster has one, but I don't believe them.
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Slaters almost folded in the late 1980s. However, the head partner at the time raised funds (personally with big risk to himself), bought out the other partners and saved the group. My wife was embroiled right in it, as she was the PA to the head partner. Once they got going again and won some big asbestos and other cases, the head partner brought back in other partners and got his money back. It was a stressful time.
Hopefully the group can hold together and somehow get out of its current predicament.
FFC: Established 1883
Premierships: AFL 1954, 2016 VFA - 1898,99,1900, 1908, 1913, 1919-20, 1923-24, VFL: 2014, 2016 . Champions of Victoria 1924. AFLW - 2018.
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
$8 to 27c - a dramatic decrease in the share price. What do you reckon the main reason for the huge dip?
"Footscray people are incredible people; so humble. I'm just so happy - ecstatic"
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
bornadog
Of course you can just cough up the platinum sponsorship amount.
We got Tom Boyd. Got the club to permit to collect members packs to go to local kids. Created a walk to The G. And do all the research for the footy 'journos' across the sector. Stuff platinum... That's got to be worth major sponsorship!
The WOOF & Mission Western Bulldogs Football Club. Has a good ring to it.
Rocket Science: the epitaph for the Beveridge era - whenever it ends - reading 'Here lies a team that could beat anyone on its day, but seldom did when it mattered most'. 15/7/2023
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Slater and Gordon will make great case study fodder for international business students.
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Re: Embattled law firm Slater and Gordon pulls Western Bulldogs sponsorship
Originally Posted by
Eastdog
$8 to 27c - a dramatic decrease in the share price. What do you reckon the main reason for the huge dip?
They bought out a large English law firm which had a lot more debt attached to it than they realized/had been told about. It looks to me that they saw the sale price and forgot to do their due diligence
Its another shining example of why companies should stick to their core business (what they are supposed to be doing) and leave money making to the banks and financial institutions.
They say Burt Lancaster has one, but I don't believe them.
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