Club Financials

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Club Financials

Postby wedgetail » Tue Jan 29, 2019 9:45 pm

Eagles $228K profit for 2018.
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Re: Club Financials

Postby gazzamagoo » Wed Jan 30, 2019 9:02 am

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?
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Re: Club Financials

Postby Brodlach » Wed Jan 30, 2019 10:11 am

I take all the financials with a’pinch of salt’ ATM
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Re: Club Financials

Postby Jimmy_041 » Wed Jan 30, 2019 12:32 pm

Brodlach wrote:I take all the financials with a’pinch of salt’ ATM


Westies and "pinch" are not a good combination in a post
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Re: Club Financials

Postby MW » Wed Jan 30, 2019 12:35 pm

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...
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Re: Club Financials

Postby gazzamagoo » Wed Jan 30, 2019 1:32 pm

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.
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Re: Club Financials

Postby stampy » Wed Jan 30, 2019 5:45 pm

wedgetail wrote:Eagles $228K profit for 2018.



must be from their 4000+ members they purportedly have
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Re: Club Financials

Postby goddy11 » Wed Jan 30, 2019 6:31 pm

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 ?
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Re: Club Financials

Postby Brett » Wed Jan 30, 2019 6:56 pm

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.
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Re: Club Financials

Postby Brodlach » Wed Jan 30, 2019 7:00 pm

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
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Re: Club Financials

Postby Brett » Wed Jan 30, 2019 7:03 pm

Of course but if clubs attract little numbers it has a flow on effect . Having a thriving club helps too.
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Re: Club Financials

Postby wedgetail » Wed Jan 30, 2019 9:40 pm

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.
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Re: Club Financials

Postby wedgetail » Wed Jan 30, 2019 9:43 pm

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.
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Re: Club Financials

Postby Booney » Thu Jan 31, 2019 12:24 pm

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.
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Re: Club Financials

Postby Brett » Thu Jan 31, 2019 5:34 pm

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 .
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Re: Club Financials

Postby gazzamagoo » Fri Feb 01, 2019 7:30 am

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.
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Re: Club Financials

Postby bulldogproud » Fri Feb 01, 2019 11:37 am

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 :D
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Re: Club Financials

Postby stan » Sun Feb 03, 2019 7:09 am

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 :D
And that's debatable if even getting that ;)
Read my reply. It is directed at you because you have double standards
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Re: Club Financials

Postby bulldogproud » Mon Feb 04, 2019 9:24 am

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 :D
And that's debatable if even getting that ;)


Hey, I never said whether it was good quality or bad quality, just quality :D
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Re: Club Financials

Postby Booney » Mon Feb 04, 2019 9:26 am

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.


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