ISQ Achievements

 

Are you aware of just how incredibly successful and forward thinking our  State's skating association (ISQ) really is?

 

Even the USFSA don't own any rinks!  We own two plus land for a third!

 

   
  Some Facts
 

Glowing Audit Report

Where else in the World?

 
  • From $120,000 in 1979 to over $4 million of assets today
  • Rink profits go back to the ISQ each year
  • All done on a voluntary basis for 24+ years
  • Goodwill Games, Two Junior World Championships
 
 
 
 
 
 

What did the Audit Report really say?

  • It's true that the audit report says that the ISQ needs to get a succession plan in place for the Trustees and the Treasurer so that their wealth of knowledge and successes are passed on to other less experienced members of the ISQ Council.

  • This is the opposite of what the "newisq" is proposing. The "newisq" are proposing to remove all current ISQ Councillors and get rid of the Trustees and replace them all with new people.

  • It explained that the ISQ has two stated purposes, one being "the establishment and management of rinks". This is done via the Trust.

  • Over and over it spoke about: the astute business acumen of the Trustees, their long term success,

  • The amazing profits and asset growth that the Trustees have achieved while commercial rinks failed.

  • The personal financial risks they took by putting their own wealth on the line in the beginning, to get a loan for the first, then second rink, and then the land at Loganholme. (Isn't this exactly how every book on building wealth through real estate advises?)

  • The audit praised the longevity of the Trustees and the ISQ Councillers - not criticised them!

  • It's true that the audit report says that the ISQ Council needs to take a more active role if the rinks are to be used as collateral for the new rink at Loganholme. We can do that far better if we have a succession plan that allows the Trustees to pass on their knowledge of successful rink management. It says the opposite of removing them.

  • Don't we want another Cash Cow to provide additional public session profits to support Athlete Development, subsidised travel to competitions, entry fees?

  • Read the whole Sport & Recreation Audit Report for yourself - it's a glowing account of the Trustees and Council's success.

  • Read more about the contents of the Audit Report

Where else in the world?

  • Which other State associations have the assets we have?  None!

  • Where else in the world do the skaters own the rinks? In USA there are only three Clubs that own their own rinks - we own 2 and a possible third!

  • Many ice rinks have failed, gone into receivership or been sold at a great loss. I'm sure you know of some Queensland, Sydney or Victorian rinks that have gone this way?

  • We Queenslanders have been so lucky to have two rich blokes with such a passion for skating and a desire to leave a grand legacy that no other State Association has. And the “newisq” parents want to spend it all in the next 5 years on their own kids?

  • Queensland is the only State Association with such significant assets.

  • Queensland is the only State that could host 2 Junior World Championships, and what about the 2001 Goodwill Games?

  • The Trustees have 2 years to go before they retire.

  • In that time they will give us another rink!  MORE ICE!! And will train the appropriate Persons/Board/New Trustees on how to maintain and grow our assets further.

 
 
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13-Jun-2007