Page 1 of 36

Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 3:22 pm
by whufc
Heres are article just placed on AdelaideNow

http://www.adelaidenow.com.au/news/sout ... 6352075859

Big deal or nothing in it?

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 3:28 pm
by Dutchy
Dunno if its financial trouble, things are obviously tight, like most businesses at the minute.

Probably a good decision, no use buying it and then going under cause you couldnt afford the repayments.

Westies are the only club I know that own their premises at their home ground (do Centrals?)

If they are in financial trouble you have to question their buying up of recruits last year.

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 4:02 pm
by whufc
Dutchy wrote:Dunno if its financial trouble, things are obviously tight, like most businesses at the minute.

Probably a good decision, no use buying it and then going under cause you couldnt afford the repayments.

Westies are the only club I know that own their premises at their home ground (do Centrals?)

If they are in financial trouble you have to question their buying up of recruits last year.


pretty certain Central do BUT could be wrong!

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 4:41 pm
by ORDoubleBlues
Would be nothing in it other than the unfortunate circumstance of not owning it in the first place. I say that because of where it is, it will be almost impossible to buy back now.

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 5:05 pm
by The Apostle
whufc wrote:
Dutchy wrote:Westies are the only club I know that own their premises at their home ground (do Centrals?)

pretty certain Central do BUT could be wrong!

My understanding is that as of last year the club owns everything within Langford Drive - Goodman Road - back fence of homes on Ridley Road - the black fence east of railway line. With possible exception of the bowling club and grounds.

I'm pretty certain I read last year that the club had bought the Grand Central carpark and the block of land south and west of the bowling club off of the Playford Council and/or the Housing Trust.

Hell, it wouldn't surprise me if the club even owned the land inbetween the railway line and the black fence.

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 5:45 pm
by Jimmy_041
whufc wrote:Heres are article just placed on AdelaideNow

http://www.adelaidenow.com.au/news/sout ... 6352075859

Big deal or nothing in it?


Did your Mum give you that jumper Benno?

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 5:46 pm
by beenreal
whufc wrote:Heres are article just placed on AdelaideNow

http://www.adelaidenow.com.au/news/sout ... 6352075859

Big deal or nothing in it?


Hmmmm, must be Port Adelaide's fault. :-?

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 5:49 pm
by Dog_ger
It's going to be a constant battle to keep what we have as an SANFL competition.

Can you name a club that is not struggling in todays world..?

Can you name a Business that is not struggling.

Families are struggling.

Everyone seems to be surviving on credit today.

One day it will catch up on everyone and possibly the SANFL.

As the years pass it will get harder and harder. :D :(

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 6:09 pm
by locky801
Dog_ger wrote:Everyone seems to be surviving on credit today.

:D :(


Not everyone 3 people won 24 million the other night ;)

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 6:43 pm
by Barto
beenreal wrote:
whufc wrote:Heres are article just placed on AdelaideNow

http://www.adelaidenow.com.au/news/sout ... 6352075859

Big deal or nothing in it?


Hmmmm, must be Port Adelaide's fault. :-?


Hadn't thought of that, thanks for reminding us.

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 7:01 pm
by CUTTERMAN
beenreal wrote:
whufc wrote:Heres are article just placed on AdelaideNow

http://www.adelaidenow.com.au/news/sout ... 6352075859

Big deal or nothing in it?


Hmmmm, must be Port Adelaide's fault. :-?

Short memory, remember the party line, "When in financial trouble blame the other 8 SANFL clubs and the SANFL. Never, never, look at your own backyard"

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 8:21 pm
by Dutchy
The Apostle AK wrote:
whufc wrote:
Dutchy wrote:Westies are the only club I know that own their premises at their home ground (do Centrals?)

pretty certain Central do BUT could be wrong!

My understanding is that as of last year the club owns everything within Langford Drive - Goodman Road - back fence of homes on Ridley Road - the black fence east of railway line. With possible exception of the bowling club and grounds.

I'm pretty certain I read last year that the club had bought the Grand Central carpark and the block of land south and west of the bowling club off of the Playford Council and/or the Housing Trust.

Hell, it wouldn't surprise me if the club even owned the land inbetween the railway line and the black fence.


Anyone got a copy of their Annual report? Their financials would show if they own it or not.

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 8:36 pm
by DOC
[quote="Dog_ger"

Can you name a club that is not struggling in todays world..?

:D :([/quote]


South Adelaide

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 8:43 pm
by on the rails
DOC wrote:
Dog_ger wrote:
Can you name a club that is not struggling in todays world..?

:D :(



South Adelaide


Debt free are you - should check your financials and see what you owe then come back?

Lucky you got an almost free rent deal with your Oval as well for 99 years - wish we all had the Premier to pull strings! And before you fly off in a hissy fit we had John Bannon when he was Premier as our No. 1 ticket holder and we got diddly squat!

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 8:47 pm
by Aerie
The Apostle AK wrote:
whufc wrote:
Dutchy wrote:Westies are the only club I know that own their premises at their home ground (do Centrals?)

pretty certain Central do BUT could be wrong!

My understanding is that as of last year the club owns everything within Langford Drive - Goodman Road - back fence of homes on Ridley Road - the black fence east of railway line. With possible exception of the bowling club and grounds.

I'm pretty certain I read last year that the club had bought the Grand Central carpark and the block of land south and west of the bowling club off of the Playford Council and/or the Housing Trust.

Hell, it wouldn't surprise me if the club even owned the land inbetween the railway line and the black fence.


Also Old Kent and Whitechapel Road.

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 8:56 pm
by DOC
on the rails wrote:
DOC wrote:[quote="Dog_ger"

Can you name a club that is not struggling in todays world..?

:D :(



South Adelaide


Debt free are you - should check your financials and see what you owe then come back?

Lucky you got an almost free rent deal with your Oval as well for 99 years - wish we all had the Premier to pull strings! And before you fly off in a hissy fit we had John Bannon when he was Premier as our No. 1 ticket holder and we got diddly squat![/quote]


Don't need to check, it's not the question. The question was which club is not struggling. Before you suggest I may have a hissy fit, who was the premier when South moved and what relevance is it to any of the above?

Re: Sturt in Financial Trouble?

PostPosted: Thu May 10, 2012 9:02 pm
by on the rails
Your statement was South were not struggling - I pointed out one reason why - South were gifted their rent deal so that helps paying $1 a year for 99 years re operating costs or did you miss that obvious inference?

Re: Sturt in Financial Trouble?

PostPosted: Fri May 11, 2012 1:14 am
by Gozu
Dog_ger wrote:Can you name a Business that is not struggling.


The AFL.

Re: Sturt in Financial Trouble?

PostPosted: Fri May 11, 2012 1:19 am
by southee
on the rails wrote:Your statement was South were not struggling - I pointed out one reason why - South were gifted their rent deal so that helps paying $1 a year for 99 years re operating costs or did you miss that obvious inference?


;) ...pretty good deal then hey???

Re: Sturt in Financial Trouble?

PostPosted: Fri May 11, 2012 10:30 am
by topsywaldron
on the rails wrote:Lucky you got an almost free rent deal with your Oval as well for 99 years - wish we all had the Premier to pull strings! And before you fly off in a hissy fit we had John Bannon when he was Premier as our No. 1 ticket holder and we got diddly squat!


Remind me again how much federal funding North Adelaide received to build the new gymnasium?