by Sojourner » Fri Jun 01, 2007 12:56 am
by therisingblues » Fri Jun 01, 2007 1:13 am
by Aerie » Fri Jun 01, 2007 1:17 am
by Strawb » Fri Jun 01, 2007 1:34 am
by longtimewaiting_2 » Fri Jun 01, 2007 2:31 am
by Cambridge Clarrie » Fri Jun 01, 2007 10:21 am
by Thiele » Fri Jun 01, 2007 10:23 am
by Wedgie » Fri Jun 01, 2007 10:24 am
Armchair expert wrote:Such a great club are Geelong
by doggies4eva » Fri Jun 01, 2007 10:34 am
by Wedgie » Fri Jun 01, 2007 10:37 am
doggies4eva wrote:The next merger will be between Sturt and Norwood - the 2 financial basketcases of the SANFL.
Armchair expert wrote:Such a great club are Geelong
by Cambridge Clarrie » Fri Jun 01, 2007 10:41 am
by heater31 » Fri Jun 01, 2007 10:42 am
doggies4eva wrote:The next merger will be between Sturt and Norwood - the 2 financial basketcases of the SANFL.
by doggies4eva » Fri Jun 01, 2007 10:47 am
heater31 wrote:doggies4eva wrote:The next merger will be between Sturt and Norwood - the 2 financial basketcases of the SANFL.
pffft Sturt's venues are apparently making some decent turnover I am led to believe and Norwood just returned 4.5 million on a 900K investment
by Wedgie » Fri Jun 01, 2007 10:55 am
doggies4eva wrote:Doh, selling assets is not a way for long term prosperity. There have been so many posters who just don't get the Norwood situation. Unless they can turn that $4.5m or whatever is left after they have paid their debts into a revenue stream they are stuffed.
Armchair expert wrote:Such a great club are Geelong
by JK » Fri Jun 01, 2007 11:12 am
by JK » Fri Jun 01, 2007 11:19 am
doggies4eva wrote:heater31 wrote:doggies4eva wrote:The next merger will be between Sturt and Norwood - the 2 financial basketcases of the SANFL.
pffft Sturt's venues are apparently making some decent turnover I am led to believe and Norwood just returned 4.5 million on a 900K investment
Doh, selling assets is not a way for long term prosperity. There have been so many posters who just don't get the Norwood situation. Unless they can turn that $4.5m or whatever is left after they have paid their debts into a revenue stream they are stuffed.
by Dutchy » Fri Jun 01, 2007 11:21 am
by doggies4eva » Fri Jun 01, 2007 11:54 am
Constance_Perm wrote:doggies4eva wrote:heater31 wrote:doggies4eva wrote:The next merger will be between Sturt and Norwood - the 2 financial basketcases of the SANFL.
pffft Sturt's venues are apparently making some decent turnover I am led to believe and Norwood just returned 4.5 million on a 900K investment
Doh, selling assets is not a way for long term prosperity. There have been so many posters who just don't get the Norwood situation. Unless they can turn that $4.5m or whatever is left after they have paid their debts into a revenue stream they are stuffed.
Yes, I think I am reading a message from one of those "posters who just don't get the Norwood situation".
$4mil profit, which goes toward ownership of another venue (asset) and the revenue (gaming) that will come from it.
I would imagine the club will also look at buying another property to be established as club rooms.
Not sure where you see the downside in this, (given the mix of asset & income) ... A fair way behind other clubs granted, but the best position we've been in for 4 or 5 years!
by JK » Fri Jun 01, 2007 12:00 pm
by heater31 » Fri Jun 01, 2007 12:01 pm
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