Norwood Financial Update

[Wedgie]

Sold their premises on the Parade for several million dollars (4-5 mentioned).
Pokies parlour will be up and running in mid June.

With the price they got the premises on the Parade for and what they've sold it for they'll be laughing all the way to the bank.
Looks like they'll be back to their financial powerhouse status of previous years very soon.

[Grahaml]

Are these premises the ones they only bought a few years ago to build the club around or something? If so, then this is probably a bit of a setback. Albeit a multi-million dollar profit of a setback. Would hope with the extra cash they can set something permanent up.

[Wedgie]

Are these premises the ones they only bought a few years ago to build the club around or something? If so, then this is probably a bit of a setback. Albeit a multi-million dollar profit of a setback. Would hope with the extra cash they can set something permanent up.

Not really, they've been having pressos at the RSL recently despite having them at the Parade premises early on, they took an early blow when they realised they couldn't have pokies at the Parade but between the price they bought it for and the price they sold it for there's definately no setbacks, a huge profit has been made by them which will give them a great base to make their pokies parlour state of the art with enough left over (and future income) to perhaps look at developing something around Norwood Oval if allowed to.
The people in charge of Norwood when they bought the premises on the Parade need to take a very large bow (if any of them are still there).

[Grahaml]

Financially it is a massive result for them, but I was thinking more in terms of what they were hoping to make them into when they first bought them. As an opposition supporter I can't say I'm an expert but I just get the feeling Norwood are struggling to feel like a club. Money won't change that, but a good base would. Here's hoping that base can be found or made with this money.

[Wedgie]

Financially it is a massive result for them, but I was thinking more in terms of what they were hoping to make them into when they first bought them. As an opposition supporter I can't say I'm an expert but I just get the feeling Norwood are struggling to feel like a club. Money won't change that, but a good base would. Here's hoping that base can be found or made with this money.

Yeah, having 1 of the 2 is better than having 0 of the 2, when they bought it they did have other ideas but have treated it like an invesment property in recent times and the investment has paid off big time.
It'd be good if they could perhaps revisit one of their past ideas, I think permission to build was the hang up and build something on the southern end of Norwood perhaps joined to the Grand Stand, or perhaps even buy the RSL or do it up.

I think Norwood will be maxxing out their salary cap in 2008 which they haven't been able to do for a while.
Having said that Im sure the people in charge at Norwood will be cautious and make sure they invest for the future and get a good consistent reliable income stream before doing anything too radical.

[Grahaml]

Norwood could really do with a good year next season if they don't have one this season. Sign a big name or two to get some publicity and generate some excitement to build the future on as well as announce some massive projects for clubrooms would be the shot in the arm they could do with. Any former Norwood players possibly in their last AFL season?

[Squawk]

Off field Priorities:

Priority 1 will be to eradicate debt.
Priority 2 will be to open the new facility on North East Road.
Priority 3 will be to build and establish a sound football department and administrative structure.
Priority 4 will be to establish a club facility for members, supporters and administration.
Priority 5 will be to buy two pubs and establish a future fund.

The Legs are on their way once more. No marching was ever required. No political favours received. No philanthropic benefactors. The club has achieved this turnaround entirely on its own merits in a manner which reflects its motto of Fortis in Procella - Strength in Adversity.

Mal - remember your promise mate - got much planned in June?

[Wedgie]

No marching was ever required. No political favours received. No philanthropic benefactors. The club has achieved this turnaround entirely on its own merits in a manner which reflects its motto of Fortis in Procella - Strength in Adversity.

Weird, I thought I remembered a small march down the Parade by its supporters? I apologise if wrong, my memory must be shot.
Anyway, Im not sure if having a bit of luck in the real estate market (or great foresight by someone in charge at the time) as opposed to supporters getting off their bums and creating events that help turn a club around really is something to be too proud of?

Enjoy the moment Squawk, no need for a dig at club/s with proactive supporters that don't sit on their arse and rely on the people in charge or a bit of luck in the process though mate.

Personally I reckon your online forum had a lot to do with it, I give full kudos to whoever that fine young man or woman may be that helped communication open up in your club.

Seriously though I look forward to Norwood attaining the powerhouse club role again in the future, it'll make our clashes on an even keel as close as last Friday night's clash was.

[finn]

The people in charge of Norwood when they bought the premises on the Parade need to take a very large bow (if any of them are still there).

I believe Ian Stasinowsky had a bit to do with this. Great fullback, huge porno mo and some sensible decisions. Tells a good footer story too.

[Wedgie]

Agreed Stazza is a great bloke, is a great leader at the NFC and was a great player

[Ronnie]

A bit harsh Squawk, i thought North's rally was great theatre and a brilliant show of support for an SANFL club. The big bad pub attacking a club scenario was played up beautifully. In this day and age it is not easy to mobilise people as North managed to do back then but they certainly got well meaning people involved, not the rent a crowd rabble you see at some street marches.
Just my opinion but a bit more dubious was the intervention by the Rann govt to give the sefton park site a reprieve, it was good news for North no doubt but in terms of notions like the separation of powers it was abusive. Rann smells political opportunism and this was a classic example of that.
Still,it has worked out well for North and it will work out well for Norwood, i look forward to less focus on Norwood's balance sheet and more on on field results which is what really matters.

[topsywaldron]

As an opposition supporter I can't say I'm an expert but I just get the feeling Norwood are struggling to feel like a club.

Agreed. A sad state of affairs.

[BPBRB]

I still can't work out how the Norwood Council opposed the NFC's plans to renovate and extend the area behind the grandstand onto the Parade a couple of years ago? From what I saw the plans looked great and the building facade fitted in well with the existing site. I couldn't see any negative impact that this development would have had locally given the Parade strip is business, shopping , food and enterntainment in any case?

Maybe Norwood FC should explore that avenue again which would go along way to re-establishing the Social/Lic. Club function and give it more of a Club feel than at present. I guess the other thing they probably are looking at after debt reduction and paying off the costs of their new prems on NE road is to invest in a pub that has a viable pokies trade and then they will be really set for the future.

Still you have to admire Norwood after a few years of poor business decisions, mounting debt etc, the sale of the NCC at the price they got compared to the price they paid was a fantastic result and shows that it was a very good purchase business investment orignally.

[smac]

Wasn't it number of car parks that prevented the council from approving that plan? Seems something that could be overcome by tweaking the layout to accomodate more car parks.

[BPBRB]

I can't really recall but I'm sure Squawk or CP might be able to give us a run down on the reasons.

[topsywaldron]

Friends of Norwood canned that idea!

[smac]

Not very friendly of them!

[JK]

I can't really recall but I'm sure Squawk or CP might be able to give us a run down on the reasons.

IIRC mate, it was the council who put the kybosh on that idea, but I can't recall the reasons ... I believe the stadium is heritage listed so no alterations can be made to external walls and perhaps that was the reason?

[dash61]

Off field Priorities:

Priority 1 will be to eradicate debt.
Priority 2 will be to open the new facility on North East Road.
Priority 3 will be to build and establish a sound football department and administrative structure.
Priority 4 will be to establish a club facility for members, supporters and administration.
Priority 5 will be to buy two pubs and establish a future fund.

The Legs are on their way once more. No marching was ever required. No political favours received. No philanthropic benefactors. The club has achieved this turnaround entirely on its own merits in a manner which reflects its motto of Fortis in Procella - Strength in Adversity.

Mal - remember your promise mate - got much planned in June?

Two pubs,,, they vary from so much and any pub with machines (30-40) starts at 6 or 7 mil plus. All clubs are looking at adding venues but they are not a cheap aquisition. Some clubs are looking at clubs as well to buy.

DUMB QUESTION
So where will the supporters of the Norwood football club go after a home game, is there any bar facility for the supporters to go??????? Surely they wont all run a convoy from Nwd to Windsor Gdns.

[JK]

Off field Priorities:

Priority 1 will be to eradicate debt.
Priority 2 will be to open the new facility on North East Road.
Priority 3 will be to build and establish a sound football department and administrative structure.
Priority 4 will be to establish a club facility for members, supporters and administration.
Priority 5 will be to buy two pubs and establish a future fund.

The Legs are on their way once more. No marching was ever required. No political favours received. No philanthropic benefactors. The club has achieved this turnaround entirely on its own merits in a manner which reflects its motto of Fortis in Procella - Strength in Adversity.

Mal - remember your promise mate - got much planned in June?

Two pubs,,, they vary from so much and any pub with machines (30-40) starts at 6 or 7 mil plus. All clubs are looking at adding venues but they are not a cheap aquisition. Some clubs are looking at clubs as well to buy.

DUMB QUESTION
So where will the supporters of the Norwood football club go after a home game, is there any bar facility for the supporters to go??????? Surely they wont all run a convoy from Nwd to Windsor Gdns.

RSL next door at present mate until some clubrooms can be setup