Here's a very good article about the whole situation from Caro:
Failed coup cripples Carlton
Caroline Wilson
September 8, 2006
WITH Carlton Football Club's board the laughing stock of football, Denis Pagan licking his wounds and Stephen Silvagni wondering what hit him, it is clear there is more to come in this amazing saga of the failed coup.
Clearly, the Carlton directors are now riper for takeover than they have ever been. They voted 7-3 on Tuesday night to sack Pagan and had at least $600,000, courtesy of Fraser Brown, with which to pay him out. Then they got cold feet.
Not only did they panic at the thought of replacing Pagan with Barry Mitchell, the Silvagni factor came in to play.
John Valmorbida — who interestingly also hosted the Toorak meeting back in April that tried to overthrow Ian Collins — called Silvagni on Tuesday. While there was no deal, as reported yesterday, to hand Silvagni the senior coaching job in two years, there was an understanding that Silvagni would assist Pagan and add a new face to the football department and, perhaps, ultimately replace him.
But Silvagni knew that what the Blues badly needed was a wheeler-dealer — a solid brain in the mould of Andrew Ireland (formerly of Brisbane Lions and now at Sydney) to take over the football department.
Clubs such as Collingwood have gone ahead of Carlton in terms of recruiting and player development. So Silvagni pushed for Graeme Allan. That push has failed largely because of money. The board believed Allan was too expensive and baulked at it. Yet another mistake, but that is no surprise.
After all, the club is broke. You had only to look at Graham Smorgon locked in an intense discussion with NAB boss and Carlton supporter Ahmed Fahour at the Rising Star award on Wednesday to know that the Blues have money worries.
It was also at that function that Carlton chief executive Michael Malouf questioned Silvagni as to why he was supporting Pagan. Silvagni questioned why the club was sacking Pagan in favour of Mitchell.
Malouf's role in all this must surely prove to be his swansong. He claimed to be Pagan's friend and then turned on him. He has not had much success as a chief executive, has lost the confidence of significant board members and now surely must resign.
Last night, he gave an interview to Channel Ten, saying that Silvagni would not be coming back to the club. President Smorgon— who is also believed to have voted against Pagan — then proceeded to tell The Age late yesterday that Silvagni had never been offered a job. Smorgon added that he did not regard the process that unfolded over the past few days as messy.
"We conducted a review and contrary to what you've been putting out there, we reached a satisfactory conclusion in the Carlton way," Smorgon said. The Carlton way. He said it.
To say Silvagni was never offered a position at Carlton is dealing with semantics. Like so many other players in this nasty drama, Silvagni has been treated badly. For the second time in four years, he has sacrificed himself for his club and lived to regret it.
To say this has not been a mess — a circus, in fact — is wrong. Smorgon surely also must be looking shaky in his position. Ditto Adrian Gleeson, who has been the frontman for the Mitchell coup with Greg Williams' not unsubstantial backing. If you wanted to know their thoughts, they were reported in a tabloid newspaper column yesterday.
And if Stephen Kernahan, who sanctioned the takeover bid only to back down at the death knell, stays on board, then it will be clear that he may never step down and will remain a Carlton director for life. Kernahan has a big reputation, one he truly deserves, but it will need to be big to survive this stuff-up.
And as for Mitchell, he must now somehow endure the remainder of the Northern Bullants' VFL season knowing it will be his last at Carlton. The board at some stage on Wednesday told Pagan he must accept Mitchell as part of his survival package, an insane suggestion.
Why on earth would Mitchell want to stay? His reputation has been badly hurt by all of this, and while Gleeson may still believe he did the right thing, he must now know that he tried to sell the wrong man.
And Pagan. He has survived to address the faithful at tonight's best and fairest. He will then take a short break from the shadow of the proposed sacking that has been hovering over him for the past 12 months. Pagan will then sit down (with a group of men he can trust, not a big number) and try to rebuild his football department, and ascertain just how much say he will have in that rebuilding.
This will test him. Pagan knows that he was all but gone three days ago, and his instincts are sharp enough to tell him that it is not over yet.
This story was found at: http://www.theage.com.au/realfooty/articles/2006/09/07/1157222264621.html