Official Club Stuff 2013 Club Reporting Season - ALL CLUBS NOW COMPLETE

[Oneiros]

Thanks Wookie. Immediate thing I noticed is that the WCE profit figure is net of royalty fee. I always read it as pre fee. Shit those years they reported a $6mil profit then they were making $9-$10mil profit.

So their pre royalty profit is $4.148mil+$2.918mil = $7.066mil which confirms my thinking they are a Goliath. 2012 result was $3.318mil+$2.163mil = $5.481mil

When the AFL benchmark clubs its before payments to state associations.

They are going to one day make a big investment as they have $39mil cash. maybe when they move to Burswood they will set up a new training facility or take over Subi oval their existing facilities and the oval.

The ball is rolling on the training facility, a $60m setup to be created in Lathlain. Nice big bugger. Getting some government and corporate assistance, but the fact they have been sitting on a $20million dollar pure-cash bank account means they were already most of the way there.

 

[RussellEbertHandball]

The ball is rolling on the training facility, a $60m setup to be created in Lathlain. Nice big bugger. Getting some government and corporate assistance, but the fact they have been sitting on a $20million dollar pure-cash bank account means they were already most of the way there.

Where is than relative to Subi and Burswood?

 

[Oneiros]

It wouldn't be far from where Burswood stadium will be, from my understanding. Certainly, it's a move to the eastern part of Perth, which is the side the stadium will be on.

 

[Oneiros]

Do we know if clubs include corporate hospitality in the Sponsorship & Marking figures?

 

[RussellEbertHandball]

Do we know if clubs include corporate hospitality in the Sponsorship & Marking figures?

Different clubs do different things in how they present their figures.

 

[The_Wookie]

Do we know if clubs include corporate hospitality in the Sponsorship & Marking figures?

Its why ive written in the Op that I need to take another look at the sponsorship section. With no fixed standard in reporting, getting to the bottom of these things can be annoying lol.

 

[Oneiros]

Its why ive written in the Op that I need to take another look at the sponsorship section. With no fixed standard in reporting, getting to the bottom of these things can be annoying lol.

Was just thinking because the WCE $7m + $12m would put it neatly where you would expect it to be by comparison. And I could imagine clubs including anything corporate related under "sponsorship".

 

[The_Wookie]

Was just thinking because the WCE $7m + $12m would put it neatly where you would expect it to be by comparison. And I could imagine clubs including anything corporate related under "sponsorship".

yeah I looked at it, but ive got to make sure that all the other clubs are doing it the same way. Ill look at it a bit later on

 

[Rob]

LOL, they have $40 million cash. $40,000,000 just in cash sitting in a bank account.

 

[The_Wookie]

LOL, they have $40 million cash. $40,000,000 just in cash sitting in a bank account.

I think the Hawks are sitting on about 26 million - which isnt bad considering they support Box Hill, stuff in Tasmania and NZ.

 

[Rob]

I think the Hawks are sitting on about 26 million - which isnt bad considering they support Box Hill, stuff in Tasmania and NZ.

Nah, Hawthorn have about $10m in cash. $The 26m figure is their net assets. They also have over $20 million in debt, including payables.

West Coast are in a whole different universe financially.

 

[The_Wookie]

Nah, Hawthorn have about $10m in cash. $The 26m figure is their net assets. They also have over $20 million in debt, including payables.

Ah yeah my mistake.

 

[Oneiros]

I think all of that is about to get plowed into the training facility. Mind you, $39.9m before 3rd party funding gets you quite a few exercise bikes...

 

[Rob]

I think all of that is about to get plowed into the training facility. Mind you, $39.9m before 3rd party funding gets you quite a few exercise bikes...

You compare it to Essendon - considered to be the 2nd richest club in Melbourne - who needed to rattle the tins and appeal to their supporters to fund their new facility. And even then they are going to incur significant debt and still possibly come up short.

You blokes are going to pay for the whole thing in cash and have enough change to buy a Lamborghini Aventador for every player on the list.

I realise that I hate you guys and all, but by f**k you've got money coming out of your asses.

 

[Oneiros]

You compare it to Essendon - considered to be the 2nd richest club in Melbourne - who needed to rattle the tins and appeal to their supporters to fund their new facility. And even then they are going to incur significant debt and still possibly come up short.

You blokes are going to pay for the whole thing in cash and have enough change to buy a Lamborghini Aventador for every player on the list.

I realise that I hate you guys and all, but by f**k you've got money coming out of your asses.

But I don't hate us



There is still an extra $20m to come up with. You do have to wonder though, what sort of stadium you'd be able to buy if you could reliably pay $4-5m a year on a 30 year loan...

 

[The_Wookie]

hmm fyi

 

[The Prosecutor]

You compare it to Essendon - considered to be the 2nd richest club in Melbourne - who needed to rattle the tins and appeal to their supporters to fund their new facility. And even then they are going to incur significant debt and still possibly come up short.

In fairness, we paid $25 million up front before incurring any debt, which was only $5 million, over a million of which has already been paid back.

 

[Gigantor]

so WCE basically double the revenue of the poor vic clubs when gaming revenue is excluded

 

[theflea]

Trying to line up revenue and expenses to get an idea of how WCE generate their net stadium return from the info supplied by Oneiros

Match Revenue - $1,569,184 - $1,534,817
Match expenses $2,499,164
Arena advert expenses $232,511

Membership Revenue - $17,725,213 - $16,772,782
Membership expenses $3,428,331

Corp Hosp Revenue - $12,040,168 - $11,293,634
Corporate box expenses $162,000
Coterie group expenses $934,268

Subi rent expense $4,056,243

Approx Net Stadium Return $20,022,000


Sponsorship Revenue - $7,656,558 - $7,050,463
Sponsorship expenses $1,637,726


Merch.................... - $2,2334,772 - $3,0393,508
Merchandise expenses $1,930,850

Special Events - $3,601,830 - $4,691,893
Functions expenses $2,275,444

AFL - $8,971,244 - $8,896,244

Other - $239,219 - $215,193

Does any one know what is in the match revenue and expenses? Why was there a loss in this regard?

 

[RussellEbertHandball]

Does any one know what is in the match revenue and expenses? Why was there a loss in this regard?

Its not a loss its a dash. Match revenue is gate/internet booking revenue. I think WCE have to leave 3,000 tickets per game for sale to the general public and opposition supporters so its revenue for those tickets sale. matchday expenses are all expenses generated to put the match on, on gameday, but doesn't include catering expenses. This would be 75%+ labour expenses for stadium staff only employed on matchday.

 

[Oneiros]

Does any one know what is in the match revenue and expenses? Why was there a loss in this regard?

That was 2013 figures followed by 2012 figures

 

[Rob]

In fairness, we paid $25 million up front before incurring any debt, which was only $5 million, over a million of which has already been paid back.

Oh, I wasn't taking a shot at Essendon, not suggesting they're in any way skint. Just putting the Eagles financial position in perspective.

 

[fabulousphil]

LOL, they have $40 million cash. $40,000,000 just in cash sitting in a bank account.

Besides the burgeoning population, the sponsorship opps, the waiting lists, the number of AFL listed footballers, and of course Tendais catch at the cricket, this is just more proof that a 3rd club is needed in Perth.

$40 million and still no social club !!

 

[TheFVK]

You compare it to Essendon - considered to be the 2nd richest club in Melbourne - who needed to rattle the tins and appeal to their supporters to fund their new facility. And even then they are going to incur significant debt and still possibly come up short.

You blokes are going to pay for the whole thing in cash and have enough change to buy a Lamborghini Aventador for every player on the list.

I realise that I hate you guys and all, but by f**k you've got money coming out of your asses.

Give West Coast a few more years and they'll be able to start a Norwegian style future fund, which could bankroll the Eagles for the rest of their existence on interest alone.

Contrast this with their nearest analogue the Crows, once the richest club in the league with the most members, yet who reported a $2 million loss this year with home crowds at an all time low. Perhaps in many ways a reflection of the divergent paths each state has taken over the past 20 years- boom state vs. crippling stagnancy.

 

[theflea]

What effect has the SANFL had, to hinder the crows off-field? Any?