Norwood & the salary cap

[Pseudo]

Correct an Eagle is NOT a fish. It is a lizard.

Naw, it's a bunny rabbit.

[Pseudo]

No salary cap = 8 SANFL clubs going broke

So if the salary cap cannot be enforced on any entity in the SANFL then that entity ought not be permitted to compete.

Back to 8 teams then.

[Wedgie]

No salary cap = 8 SANFL clubs going broke

Only the incompetent clubs. 8 clubs lasted more than a hundred years in the past without the cap.
Get rid of it, waste of time.

[dedja]

Unfortunately times have changed ... at least 3 clubs would basically go broke overnight.

Plus we'd have to dump the annual Norwood are Cheats thread.

[Tech1]

No salary cap = 8 SANFL clubs going broke

Only the incompetent clubs. 8 clubs lasted more than a hundred years in the past without the cap.
Get rid of it, waste of time.

Probably don't want it gone, i just think realistically it needs to be closer to $500k with the inclusion of the afl reserves we need to lift the cap that's a no brainer and as someone else mentioned if clubs are incompetent and spend more then they can afford, then they only have themselves to blame. Strange that this hasn't been looked at by the league at all.

[Doddy]

I reckon Rucci knows something. Hence today's puff piece about Norwood.

[leggies]

Norwood have a salary cap! Sure they do haha.

yeah but neither port nor the crows do


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[topsywaldron]

Unfortunately times have changed ... at least 3 clubs would basically go broke overnight.

You seem to know a lot about other club's finances.

NFI.

[topsywaldron]

how are the Holdfast Council's new club rooms going Bays fans?

[Spargo]

how are the Holdfast Council's new club rooms going Bays fans?

You seem to know a lot about other teams club rooms...

[Bounce of the ball]

Unfortunately times have changed ... at least 3 clubs would basically go broke overnight.

You seem to know a lot about other club's finances.

NFI.

It's a fair call. If you say you know , why not back it up with facts ?

[topsywaldron]

Just seems ironic that the poster in question claimed he 'knew' that Glenelg's finances had turned around this year, now it appears that Glenelg have had to sell their club rooms back to the Council as they couldn't service their debt to the Council who'd kept them afloat for the last few years.

[Bounce of the ball]

Yes Glenelg are in financial trouble. Finances aren't as simple as "turning things around" in a year as that is generally cash flow talk.

It seems when you question some in the know they, don't respond or you get others responding to deflect the question.

[philcas]

On a side note it would be interesting if one of the 8 sanfl clubs had breached salary cap rules now. I would like to know if the by laws are up to date such as who may or may not be able to breach the salary cap.
is there a way to find this out?

[Psyber]

Unfortunately times have changed ... at least 3 clubs would basically go broke overnight.

Plus we'd have to dump the annual Norwood are Cheats thread.

Yes, lets prolong it's appearing after each Norwood premiership for as many years as possible!

[dedja]

Just seems ironic that the poster in question claimed he 'knew' that Glenelg's finances had turned around this year, now it appears that Glenelg have had to sell their club rooms back to the Council as they couldn't service their debt to the Council who'd kept them afloat for the last few years.

Sigh, I'll go against my better judgement and bite again.

The Glenelg Football Club currently and will continue to own and operate all improvements on Gliderol Stadium, and lease the oval and land from the Holdfast Bay Council, in a manner that is usual practice for SANFL clubs for decades and decades.

If the allegation about selling the improvements to the Holdfast Bay Council were true (which they are not), then it is odd that there is no mention of this so-called 'sale' in the Council meeting minutes. In addition, it would seem bizarre that if the Glenelg Football Club divested itself of these improvements, then why would the Council recently agree to allow the club to pay interest only on the outstanding loan to the council for the next 2 years.

I will happiiy stand corrected if the accuser kindly provides a link to the Holdfast Bay Council meeting minutes which support the sale of Gliderol Stadium improvements from the Glenelg Football Club to the Council.

Sigh again, to respond to other comments about the financial affairs of the Glenelg Football Club, there has been no change in debt in 2014 and the 'turn around' is a vast improvement in trading from a $570K loss in 2013 to what will be reported in the 2014 Annual Report. Nowhere has it been suggested that the club is out of the woods and debt free.

All this, by the way has nothing to do with this thread which is about an allegation that the Norwood Football Club may be investigated for a Salary Cap breach, so any posts associated with club finances should really be moved over to the appropriate SANFL finances thread.

[topsywaldron]

I do seriously love how you're happy to post snide remarks about what I do for my work but obviously squeal like a stuck pig when the same comes back at you, weak as p*ss as usual.

And if only you'd had the balls to mention that Glenelg had recently applied to Council to change the original terms of the loan AND that the Council's auditor saw fit to mention the GFC as a special case regarding the size of the loan then your other points might have carried some weight.

[dedja]

So I assume you can't prove that the club had sold it's improvements at Gliderol Stadium to the Council ... thought so.

I stated that the council approved a 2 year extension of interest only payments. Is there something else you'd like to add backed up by facts?

[topsywaldron]

You going to acknowledge that's a change to the original terms of the loan or not?

No mention of the independent auditor's concerns again I see.

[dedja]

You're doing it again, going all over the place. You made the allegation that the Bays had sold their clubrooms to the Council, the onus of proof was on you and you failed miserably.

End of story.

Any chance of getting back to the topic of the thread perhaps?