I'm happy to see them stay at the Wantirna Club for the local punters...as long as we do not focus on them for our financial salvation!Great result. Now when are we getting out of the pokies business?
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I'm happy to see them stay at the Wantirna Club for the local punters...as long as we do not focus on them for our financial salvation!Great result. Now when are we getting out of the pokies business?
Health, Fitness and Community is Aligned Leisure costs. As AL wins contracts, we absorb costs associated with managing leisure assets of the contracted entity, such as staff, maintenance and consumables. Revenue from such contracts is grouped in Revenue from Contracts with Customers.
Finance and Admin also increases as we grow administrative infrastructure to manage AL growth. It’s amazing but with the AL business, we are one of the biggest employers in the AFL. Geelong with their catering business are up there as well. So our administration resource needs grows to manage contracts, Human Resources etc.
And remember folks, we are a not for profit entity existing in a competitive landscape that requires us to make mandatory spends on salary and soft cap. You cannot apply a private entity lens of revenue growth translating to margin and profit growth. We invest revenue growth on our strategic aims.
Haere Ra
Great super result but my concern us that because we are not for profit, it becomes a reason for the club to issue big increases in pay to current employees. I believe they should be paid properly but not just receive increases just for the sake of it.
An example of what I would consider better expenditure and a great project would be the purchase of a large land holding in a place like Cape Shanck or Fingal and the development of a resort where Richmond supporters could go and stay over a weekend or for holidays. Such a development could include ovals and a training base for our players during the summer. They could then return to Punt Rd in late February or Early March. A bit like how the RACV goes about its business.
didnt liddle Kane set up advanced leisure ? how long before he trys to poach it off us like when they took that pub in Richmond off us about 8 years agoHealth, Fitness and Community is Aligned Leisure costs. As AL wins contracts, we absorb costs associated with managing leisure assets of the contracted entity, such as staff, maintenance and consumables. Revenue from such contracts is grouped in Revenue from Contracts with Customers.
Finance and Admin also increases as we grow administrative infrastructure to manage AL growth. It’s amazing but with the AL business, we are one of the biggest employers in the AFL. Geelong with their catering business are up there as well. So our administration resource needs grows to manage contracts, Human Resources etc.
And remember folks, we are a not for profit entity existing in a competitive landscape that requires us to make mandatory spends on salary and soft cap. You cannot apply a private entity lens of revenue growth translating to margin and profit growth. We invest revenue growth on our strategic aims.
Haere Ra
sounds like a death cult. we could all drink the kool aid at the same time too and benny gale could be Jim JonesAn example of what I would consider better expenditure and a great project would be the purchase of a large land holding in a place like Cape Shanck or Fingal and the development of a resort where Richmond supporters could go and stay over a weekend
That would all depend on what the lease cost is , I used to be a person that owned everything outright and payed a sh!t load of taxes as i couldnt claim anything. Leasing things if you make profits is not a bad thingRichmond owning assets rather than leasing stuff is not a bad thing. We lease Punt Road we dont own it. I just reckon its time for our club to own things outright rather than just renting or leasing everything.
Richmond owning assets rather than leasing stuff is not a bad thing. We lease Punt Road we dont own it. I just reckon its time for our club to own things outright rather than just renting or leasing everything.
Ned is Gina Rinehart.How do you know it would cost $150 million?
Name the other 2!And buy Norff melbourne so we can take their best 3 players and trade their 1st & 2nd round picks to Richmond every year
we can buy carltoon and erase themSo we have $25 million cash reserves ! What will we do with this ?
I have an idea , Lets Invest more into talent identification and get more junior talent scouts so we can continue to get good players later in the draft as well as our first 2 picks.
And buy Norff melbourne so we can take their best 3 players and trade their 1st & 2nd round picks to Richmond every year
That would all depend on what the lease cost is , I used to be a person that owned everything outright and payed a sh!t load of taxes as i couldnt claim anything. Leasing things if you make profits is not a bad thing
How do you know it would cost $150 million?
So we have $25 million cash reserves ! What will we do with this ?
I have an idea , Lets Invest more into talent identification and get more junior talent scouts so we can continue to get good players later in the draft as well as our first 2 picks.
We are still bound by the soft cap. Every club, including WCE and Collingwood, have been wary of crossing that threshold so far.
It’ll be interesting to see if us/pies/WCE do start to take that risk soon.
It will be wce, once they redo their facility they have nothing else to spend on, so it may as well be the tax
So we have $25 million cash reserves ! What will we do with this ?
I have an idea , Lets Invest more into talent identification and get more junior talent scouts so we can continue to get good players later in the draft as well as our first 2 picks.
And buy Norff melbourne so we can take their best 3 players and trade their 1st & 2nd round picks to Richmond every year
how much cash reserves do they have?
hope they buy a private jet so they whinge less about travel.