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- #426
I'll admit that I didn't know that, obviously it's not for the reason you're suggesting. It's because I don't have OCD, and therefore couldn't give a flying **** when other clubs' reports come out, or what they contain.
However, being that your club had to take a $5m handout this year just so they could sack their pissweak coach (only to replace him with another pissweak coach), I think it's highly hypocritical of you to be having a go at supporters of other clubs re their financial situation. I'd be more worried about your own club if I were you. The handouts wont last forever, and when they run out, what's a club like yours gonna do, prey that it never rains on match day? Sue God for driving your fans away with tiny little water bombs? Buy more bay covers? Seriously, your club is pathetic when it comes to standing on your own 2 feet.
Whether or not you have OCD is debatable but there is no doubt that you are pigshit ignorant.
For one, you have fewer assets than us. From our 2009 annual report we have $10.5m, whereas your mob with its millions of supporters and umpteen million in revenue has only $8.7m in net assets according to your 2010 annual report.
How can this be???
Maybe it’s because you were all but wound up by the receivers in the mid 80s. So desperate for money were you that you begged for West Coast and the Brisbane Bears to enter to save your sorry club. Maybe it’s because your management is so incompetent that it keeps losing million of dollars in dodgy hotel purchases.
From Heartbreak hotels for Collingwood
When Collingwood publicly announced it had secured leaseholds on the Beach Hotel in Albert Park and Diamond Creek Tavern, officials spruiked the ventures as lucrative revenue streams, as well as opportunities that would allow fans to mix with heroes.
The Footy Show even crossed live one night to a Collingwood function at The Beach.
Two years later, the leases have been sold, with $8 million wiped from Collingwood's books.
The Footy Show even crossed live one night to a Collingwood function at The Beach.
Two years later, the leases have been sold, with $8 million wiped from Collingwood's books.
The only way we could hear the real story behind these missing millions is if it appears on Underbelly 8, 9 or whatever, but something tells me Eddie won’t allow such a story on Channel 9.
Now lets look at Collingwood, the welfare recipient.
First there’s the move to Olympic Park, mostly funded by a very generous state government who have provided substantial funding for facilities leading up to the 2006 Commonwealth games.
From The Ghost Of Suburban Football
Collingwood president Eddie McGuire stood up at the annual general meeting and made his case to shift the club's base to Olympic Park, where government officials had promised whiz-bang facilities.
In return for leaving the suburb that was the source of much of the club's grit, the Magpies will enjoy the benefits of a 25-metre pool and an 80m indoor running track at the former Glasshouse. On the site of the former Olympic Park greyhound track, a 550m running track will form the perimeter around their training oval.
The swimming pool and running tracks will have fewer lanes than the conventional eight, but that is the only pay-off. The $13 million redevelopment, all funded with government money, will also include an 80-seat auditorium and areas set aside for sponsors to peddle their wares.
In return for leaving the suburb that was the source of much of the club's grit, the Magpies will enjoy the benefits of a 25-metre pool and an 80m indoor running track at the former Glasshouse. On the site of the former Olympic Park greyhound track, a 550m running track will form the perimeter around their training oval.
The swimming pool and running tracks will have fewer lanes than the conventional eight, but that is the only pay-off. The $13 million redevelopment, all funded with government money, will also include an 80-seat auditorium and areas set aside for sponsors to peddle their wares.
But is that the end of the welfare that Collingwood received. Oh no, it only got better when John Brumby got into power.
Eddie: Hey John, we’re running out of office space here at luxury park, any chance of getting rid of the other tenants?
John: Not a problem. Do you have a figure on how much it’ll cost to relocate those people in your way?
Eddie: Yeh about $50m.
John: OK, I’ll send a cheque.
From Collingwood secretly lobbied for park
A SERIES of secret meetings between the State Government and the Collingwood Football Club resulted in the decision to shift the Victorian Institute of Sport from its purpose-built Olympic Park headquarters - just four years after it moved in.
A briefing paper for Sports Minister James Merlino reveals Collingwood told the Government in August 2007 of its desire ''of taking over the entire [Lexus Centre] facility'' because it had run out of office space.
The VIS and Athletics Victoria did not learn they were to leave Olympic Park until April last year, when Premier John Brumby - a passionate Magpie fan - announced a $50 million plan to shift both to Albert Park and give Collingwood sole access to Olympic Park.
Mr Brumby's announcement shocked the VIS, especially after $13 million in taxpayer funds had been spent redeveloping what was the 1956 Olympic Games swimming pool into a world-class facility for the state's best athletes.
A briefing paper for Sports Minister James Merlino reveals Collingwood told the Government in August 2007 of its desire ''of taking over the entire [Lexus Centre] facility'' because it had run out of office space.
The VIS and Athletics Victoria did not learn they were to leave Olympic Park until April last year, when Premier John Brumby - a passionate Magpie fan - announced a $50 million plan to shift both to Albert Park and give Collingwood sole access to Olympic Park.
Mr Brumby's announcement shocked the VIS, especially after $13 million in taxpayer funds had been spent redeveloping what was the 1956 Olympic Games swimming pool into a world-class facility for the state's best athletes.
So thats $63m in government assistance to Collingwood and yet you have the audacity to criticise my club for reclaiming $5m that has been taken from it under dubious circumstances.
This is where your ignorance is at its most palpable. Port Adelaide is unique in being the only club to move from a non-Vic competition to the VFL/AFL but we don’t have our own license. Unlike the two WA clubs our license holder has us contractually obliged to play at a venue it owns and charges us exorbitant rents. All this at a venue our fans don’t particularly like. Port pays roughly $12/year for a dilapidating venue that anywhere else in the country would only cost about $8m/year. So if Port spends $4m to $5m more than its revenues the SANFL could loses its license and if Port went belly-up the AFL’s TV rights would lose its value. (TV rights that have seen us have numerous more of our games that are live against the gate). As a result the AFL leans on the SANFL and says “keep the club afloat or we’ll give them their own license” and the SANFL says to the AFL “its all those live against the gate games that the SA clubs have to play that is giving you greater TV money at the expense of the SA clubs crowds”. So to avoid some messy legal stoushes it is in everyone’s best interest to give us enough money to keep us afloat. This game of brinkmanship is far from resolved and has many rounds to go.
So in a nutshell. Port is sustainable if we didn’t have such a shitty stadium deal and have to support a bunch of parasitic SANFL clubs. Also Collingwood gets good crowds and has good revenues due in part to getting some of the biggest handouts ever awarded to an AFL club … which is good as it pisses large amounts of its money up against the wall in really bad investments.
So Ambit Grasper, instead of burdening us all with your ignorance could you please do some research before opening your big mouth or just STFU!!!!