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Club Financials
Posted:
Tue Jan 29, 2019 9:45 pmby wedgetail
Eagles $228K profit for 2018.
Re: Club Financials
Posted:
Wed Jan 30, 2019 9:02 amby gazzamagoo
wedgetail wrote:Eagles $228K profit for 2018.
are the 8 SANFL clubs receiving $500,000 per annum from the sale of Footy Park?
If so, does the Eagles profit include that dividend?
Re: Club Financials
Posted:
Wed Jan 30, 2019 10:11 amby Brodlach
I take all the financials with a’pinch of salt’ ATM
Re: Club Financials
Posted:
Wed Jan 30, 2019 12:32 pmby Jimmy_041
Brodlach wrote:I take all the financials with a’pinch of salt’ ATM
Westies and "pinch" are not a good combination in a post
Re: Club Financials
Posted:
Wed Jan 30, 2019 12:35 pmby MW
gazzamagoo wrote:wedgetail wrote:Eagles $228K profit for 2018.
are the 8 SANFL clubs receiving $500,000 per annum from the sale of Footy Park?
If so, does the Eagles profit include that dividend?
How can they receive a per annum amount from a sale of an asset? Money will dry up eventually...
Re: Club Financials
Posted:
Wed Jan 30, 2019 1:32 pmby gazzamagoo
MW wrote:gazzamagoo wrote:wedgetail wrote:Eagles $228K profit for 2018.
are the 8 SANFL clubs receiving $500,000 per annum from the sale of Footy Park?
If so, does the Eagles profit include that dividend?
How can they receive a per annum amount from a sale of an asset? Money will dry up eventually...
that's correct, what I want to know is does the Eagles profit include the dividend from the sale, I believe it does & that's scary stuff. It will be the same for all clubs.
Re: Club Financials
Posted:
Wed Jan 30, 2019 5:45 pmby stampy
wedgetail wrote:Eagles $228K profit for 2018.
must be from their 4000+ members they purportedly have
Re: Club Financials
Posted:
Wed Jan 30, 2019 6:31 pmby goddy11
wedgetail wrote:Eagles $228K profit for 2018.
wedgetail , I am no good at reading accountants financial statements but I can not see where you got the $228k in the clubs ?
Re: Club Financials
Posted:
Wed Jan 30, 2019 6:56 pmby Brett
The distribution must go to debt so most clubs once their debt is reduced should be fine. It's saving grace but clubs like West , Eagles , South will eventually struggle as they have bugger all supporters.
Re: Club Financials
Posted:
Wed Jan 30, 2019 7:00 pmby Brodlach
It’s not just supporter numbers it’s having a sustainable business model and diversifying into other income streams. Having a thriving, quality bistro/bar is essential
Re: Club Financials
Posted:
Wed Jan 30, 2019 7:03 pmby Brett
Of course but if clubs attract little numbers it has a flow on effect . Having a thriving club helps too.
Re: Club Financials
Posted:
Wed Jan 30, 2019 9:40 pmby wedgetail
stampy wrote:wedgetail wrote:Eagles $228K profit for 2018.
must be from their 4000+ members they purportedly have
I believe we had just under 2000 paid members in 2018.
Re: Club Financials
Posted:
Wed Jan 30, 2019 9:43 pmby wedgetail
goddy11 wrote:wedgetail wrote:Eagles $228K profit for 2018.
wedgetail , I am no good at reading accountants financial statements but I can not see where you got the $228k in the clubs ?
In the annual report (Finance report) it states that the Licensed clubs (Eagles Function Centre and 722) made a surplus of $212K and the football club $16K thus totalling $228K.
Re: Club Financials
Posted:
Thu Jan 31, 2019 12:24 pmby Booney
Brodlach wrote:It’s not just supporter numbers it’s having a sustainable business model and diversifying into other income streams. Having a thriving, quality bistro/bar is essential
It's everything
but supporter numbers. Supporter numbers will not keep SANFL clubs alive alone.
Re: Club Financials
Posted:
Thu Jan 31, 2019 5:34 pmby Brett
Still need supporters and members as if you dont have those then you are gone. 3k members at an average say of $60 is 180k . I think most clubs would take that .
Re: Club Financials
Posted:
Fri Feb 01, 2019 7:30 amby gazzamagoo
Brett wrote:Still need supporters and members as if you dont have those then you are gone. 3k members at an average say of $60 is 180k . I think most clubs would take that .
Centrals would be lucky to have 2,000 members.
Re: Club Financials
Posted:
Fri Feb 01, 2019 11:37 amby bulldogproud
gazzamagoo wrote:Brett wrote:Still need supporters and members as if you dont have those then you are gone. 3k members at an average say of $60 is 180k . I think most clubs would take that .
Centrals would be lucky to have 2,000 members.
We go for quality, not quantity
Re: Club Financials
Posted:
Sun Feb 03, 2019 7:09 amby stan
bulldogproud wrote:gazzamagoo wrote:Brett wrote:Still need supporters and members as if you dont have those then you are gone. 3k members at an average say of $60 is 180k . I think most clubs would take that .
Centrals would be lucky to have 2,000 members.
We go for quality, not quantity
And that's debatable if even getting that
Re: Club Financials
Posted:
Mon Feb 04, 2019 9:24 amby bulldogproud
stan wrote:bulldogproud wrote:gazzamagoo wrote:Brett wrote:Still need supporters and members as if you dont have those then you are gone. 3k members at an average say of $60 is 180k . I think most clubs would take that .
Centrals would be lucky to have 2,000 members.
We go for quality, not quantity
And that's debatable if even getting that
Hey, I never said whether it was good quality or bad quality, just quality
Re: Club Financials
Posted:
Mon Feb 04, 2019 9:26 amby Booney
gazzamagoo wrote:Brett wrote:Still need supporters and members as if you dont have those then you are gone. 3k members at an average say of $60 is 180k . I think most clubs would take that .
Centrals would be lucky to have 2,000 members.
They all left with the pied piper?