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Collingwood has commercial reasons for looking to sell the two gaming venues ..... says the article.
Havent read the Annual Report, so can anyone shed some light on the commercial reasons?
The pokies and clubs are generating solid profits so at a guess the commercial reasons are likely to be along the lines of wanting the capital to finance another project. We've just completed a massive audit of all club operations so they possibly identified areas that we will need to spend big money on in the near future, or alternatively, that pokies will become less tenable either economically or in a social sense for us in future.
Correct we have an agreement , were looking at investing in more social program's, academies and traing facilities in our zones
Great move
The best returnExpecting a return ($s) from these activities?
Expecting a return ($s) from these activities?
richmond does from its leisure facilities management and its training arrangement with swinburne
why wouldnt the pies be out to make a profit?
The field is usually subject to tendering with little capital required, lowest profit margin wins.
richmond tendered for its stuff, and yes you aint earning 50% margin, but what is the issue as long as its profitable?
you complain about vic clubs being a burden on the afl, being dependant upon pokies, no you bag them trying to get out of peddling booze and gambling?
Its you who who suggest my comments amount to bagging, its simply questioning the investment as low margin & usually subject to rise & fall to deliver on going profits.
Finding investments that are $bulletproof is a problem for my club (the Eagles) & always has been, hence my interest.
Losing money is not an art, & our footy clubs are not insulated.
Who the **** knows what the Eagles do investment wise. A year or so ago we had 50 million in cash just sitting in the bank. Doesn't suggest a particularly active investment strategy.
Dream stadium deals with limited capacity the dominate team in a two team football mad state always helps.Who the **** knows what the Eagles do investment wise. A year or so ago we had 50 million in cash just sitting in the bank. Doesn't suggest a particularly active investment strategy.
So how exactly does this change anything for problems gamblers ?
Dream stadium deals with limited capacity the dominate team in a two team football mad state always helps.
Rather similar to the broncos in Brisbane
Dream stadium deals? Where?
The WA clubs always got screwed by the WAFC and AFAIK no one knows what their deal is like at the new stadium.