Kangaroos say no to Gold Coast

[Dutchy]

I'm still dubious about the long term viability of the NMFC remaining in Melb

An increase of 8 000 members to over 30 000 will give them an extra $1.4 Mill (Dennis Pagan in todays Age - ATM they have 7500 members for next year)
They are about to sign a new major sponsor (Vodafone which will give them an extra $250 K per year compared to what Primus backed them for - yesterdays Age. This was all hush hush as Vodafone didn't want to sign if they went to the GC as they already sponsor Bris)
The $10 Million investment fund (5 backers putting in $2 Mill each) will return between $500 K (at worst 5%) and $2 Mill (at best 20%) so we'll say $1.25 M.

A bit optomistic 12.5% - I can't see them getting more than $800K in income out of $10M invested in the next few years, indeed I would expect less, unless we do get the same sort of inflationary spiral as occurred in the mid-1980s.

bullshit

considering some managed funds are earning up to 35% p.a. (my super fund earned 20% last 2 years) with agressive investing they could easily reach 20+%

You seem to know everything Psyber therefore Im amazed by the comment above

[Rik E Boy]

Attendence low there were 4 other Melbourne teams, with worse average attendences last season, including the Melbourne/Bullies game drawing 17k in Melb under the DOOM roof, same weekend Roos played WCE and got 26k...facts right please.

You're right. Melbourne's fanbase is notoriously fickle. The Bullies meanwhile, are selling home games too and you can't blame the fans for turning away once your club starts doing this IMO. Who was the other team that couldn't match the Roos' figures? Was it Hawthorn???

If you want loyalty, look at the Richmond fans. Useless for years but they still can draw a crowd.

regards,

REB

[Psyber]

I'm still dubious about the long term viability of the NMFC remaining in Melb
An increase of 8 000 members to over 30 000 will give them an extra $1.4 Mill (Dennis Pagan in todays Age - ATM they have 7500 members for next year)
They are about to sign a new major sponsor (Vodafone which will give them an extra $250 K per year compared to what Primus backed them for - yesterdays Age. This was all hush hush as Vodafone didn't want to sign if they went to the GC as they already sponsor Bris)
The $10 Million investment fund (5 backers putting in $2 Mill each) will return between $500 K (at worst 5%) and $2 Mill (at best 20%) so we'll say $1.25 M.

A bit optomistic 12.5% - I can't see them getting more than $800K in income out of $10M invested in the next few years, indeed I would expect less, unless we do get the same sort of inflationary spiral as occurred in the mid-1980s.

bullshit
considering some managed funds are earning up to 35% p.a. (my super fund earned 20% last 2 years) with agressive investing they could easily reach 20+%
You seem to know everything Psyber therefore Im amazed by the comment above

There's nothing out there at that rate than I'd trust with money I couldn't afford to lose if it went belly up!

I made over 20% capital gain on shares managing them myself in the last 12 months, but if we are talking about income without risking the capital....... remember shares dropped 40% in late 1987.

PS: Thank you for the compliment - it had never occurred to me I might know even "almost everything"!

[brent]

the life-support is about to be switched off and unplugged.... the rest is just a matter of time.

no amount of rallies or marches will help unless somebody can come up with the cold hard cash to pay the bills

And thank you Albert einstein for your throughly thought out thoughts

I bow down to the intellegence of a wayne carey fan

[Psyber]

Methinks the Kangas fans are beginning to turn abusive in the face of irrefutable logic that they don't want to hear.

Nobody wants their team to merge, relocate or fold - we all understand that - but something's got to give.
If you're very lucky someone else may do it first....

[Sojourner]

Nobody wants their team to merge, relocate or fold - we all understand that - but something's got to give.
If you're very lucky someone else may do it first....

Melbourne and St Kilda could make an interesting scenario, Melbourne voted for the merger last time with Hawthorn, so they might well be interested, as for the Saints, their members are longsuffering for some success and may well see some interest in the idea....

Alternitivley both groups of members might well rally around their club and play the waiting game, if clubs can hang on, another club might well choke first saving them in the process!

Would be interesting to see the AFL justify not giving North Melbourne funding, yet then giving it to a club such as Carlton....

[carey18]

the life-support is about to be switched off and unplugged.... the rest is just a matter of time.

no amount of rallies or marches will help unless somebody can come up with the cold hard cash to pay the bills

And thank you Albert einstein for your throughly thought out thoughts

I bow down to the intellegence of a wayne carey fan

Oh yeah thats right he never did anything good on the football field.
I am guessing you are someone who never makes a mistake of the field.
I admire what he did on the field not off it.

[Psyber]

the life-support is about to be switched off and unplugged.... the rest is just a matter of time.

no amount of rallies or marches will help unless somebody can come up with the cold hard cash to pay the bills

And thank you Albert Einstein for your thoroughly thought out thoughts

I bow down to the intellegence of a wayne carey fan

Oh yeah thats right he never did anything good on the football field.
I am guessing you are someone who never makes a mistake of the field.
I admire what he did on the field not off it.

It makes him a net negative as far as I am concerned, but that won't matter to you.

[brent]

the life-support is about to be switched off and unplugged.... the rest is just a matter of time.

no amount of rallies or marches will help unless somebody can come up with the cold hard cash to pay the bills

And thank you Albert einstein for your throughly thought out thoughts

I bow down to the intellegence of a wayne carey fan

Oh yeah thats right he never did anything good on the football field.
I am guessing you are someone who never makes a mistake of the field.
I admire what he did on the field not off it.

Mr Carey I believe we got off on the wrong foot. I'll make like Glenn Archer and we can begrudgingly shake hands and make up on live tv. Here's to the kanga's success and long term survival.

[am Bays]

Well obviously the senior administrator at North melbourne or should I say ex- senior adminsitrator is in no doubt where North Melbourne should be based, Gold Coast. Rick Aylett resigned today for personal reasons. JAmes Brayshaw said: "I respect the fact he had the courage to instantly recognise that his direction wasn't the same as the rest of our's and we wish him well, we thank him for all his help"

[stan]

Nobody wants their team to merge, relocate or fold - we all understand that - but something's got to give.
If you're very lucky someone else may do it first....

Melbourne and St Kilda could make an interesting scenario, Melbourne voted for the merger last time with Hawthorn, so they might well be interested, as for the Saints, their members are longsuffering for some success and may well see some interest in the idea....

Alternitivley both groups of members might well rally around their club and play the waiting game, if clubs can hang on, another club might well choke first saving them in the process!

Would be interesting to see the AFL justify not giving North Melbourne funding, yet then giving it to a club such as Carlton....

And so continues the long list of melbourne based clubs recieving handouts from the AFL...

[Rushby Hinds]

EVERY team gets distributions from the AFL.


TV rights anyone?

Proceeds from the sale of Waverly anyone?

[JK]

Wouldn't they be funds that are applicable to ALL clubs though?

[Rushby Hinds]

Yes.


Even the Crows

[JK]

Yes, but don't some other clubs receive equalisation or additional assistance funds over and above those?

[Rushby Hinds]

Yes


Equalisation rights being the word.


Because the draw isn't equal.

Because the lower rated teams don't get the "Showdowns", the "Anzac day clashes" etc etc every year.


(Or any year)

Previous management of the Doggies negotiated a poor contract with Telstra Dome. (get paid $50k per game, regardless of crowd)

The dogs complained to the AFL last season, saying that they want a better deal esp. as our crowds have gone up a lot.


The answer from the AFL was don't bother, if you negotiated a better deal we would pay you less in equalisation rights. (Source: David Smorgon WBU AGM 2006)

[smac]

I appreciate your point Rushby.

However, I would ask is the equalisation fund a 'right' of those clubs who receive it? Some would argue that a club that can't negotiate good deals and has less supporters than other clubs should not be entitled to a top up.

[Rushby Hinds]

If we all played every other team in a full home and away season, yes.

Buy we don't.

[smac]

I understand that, but why should my team pay your team, just because you have less supporters?

I'm not picking on WB by the way, just curious about your thoughts on the matter.

[JK]

I appreciate your point Rushby.

However, I would ask is the equalisation fund a 'right' of those clubs who receive it? Some would argue that a club that can't negotiate good deals and has less supporters than other clubs should not be entitled to a top up.

Thats where I was heading, and in the same vein as you, not trying to have a crack at the Dogs or Roos or anything, just trying to better understand the system.