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- #26
As long as the advertisers keep paying, FTA might even turn a profit.
Season 2020 & the money if cancelled
- Thread starter Kwality
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As long as the advertisers keep paying, FTA might even turn a profit.
- Thread starter
- #27
One line from the Eagles 2019 revenue:
Corporate hospitality revenue $14,276,133
Admittedly its the gross revenue, there will be savings in providing the hospitality.
Corporate hospitality revenue $14,276,133
Admittedly its the gross revenue, there will be savings in providing the hospitality.
- Thread starter
- #28
In an emergency statement, RBA governor Philip Lowe said in response to a deterioration of trading liquidity in some markets as Australia’s financial system adjusts to the coronavirus, the central bank “stands ready to purchase government bonds in the secondary market to support the smooth functioning of that market, which is a key pricing benchmark for the Australian financial system.”
While not mentioning it specifically, the RBA’s statement points to a form of quantitative easing, a form of unconventional monetary policy whereby a central bank adds liquidity to the financial system by buying government securities or other financial assets.
NoCookies | The Australian
telsor
Hall of Famer
In an emergency statement, RBA governor Philip Lowe said in response to a deterioration of trading liquidity in some markets as Australia’s financial system adjusts to the coronavirus, the central bank “stands ready to purchase government bonds in the secondary market to support the smooth functioning of that market, which is a key pricing benchmark for the Australian financial system.”
While not mentioning it specifically, the RBA’s statement points to a form of quantitative easing, a form of unconventional monetary policy whereby a central bank adds liquidity to the financial system by buying government securities or other financial assets.
NoCookies | The Australian
www.theaustralian.com.au
There has also been talk of the reserve bank going to *negative* interest rates in order to encourage banks to reduce their rates and keep lending.
Many businesses (including sporting ones, like AFL clubs) are going to have major revenue hits in the months ahead and will be screwed unless their lines of credit get expanded, and their interest payments eased. Even with this though, banks will probably be making a lot of assessments on businesses abilities to recover.
WWSD
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- Sep 7, 2009
- 24,285
- 55,000
I’ll be applying for a full refund of my membership first thing today.
Im not asking for a refund. My club means more to me that a few dollars!
- Apr 20, 2006
- 9,158
- 12,222
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- Carlton
I’m the same but I don’t blame anyone for not wanting to donate money to an industry who pays people as much as the AFL does.
- Thread starter
- #33
The buzz phrase of contemporary collective bargaining in sport is "revenue share". It is now taken for granted that players will gain a substantial proportion of the revenue their game generates.
So as sport bleeds money, does revenue share also apply when the money pile collapses
Thats a fair question as posed by the ABCs Richard Hinds
www.abc.net.au
In such uncertain times one reality will inevitably emerge: Even wealthy sports are going to take a massive hit and someone will have to pay.
So as sport bleeds money, does revenue share also apply when the money pile collapses
Thats a fair question as posed by the ABCs Richard Hinds
Coronavirus will inflict financial pain on the AFL and NRL. But who will pick up the bill?
Even wealthy sports are going to take a massive hit, and the only guarantee is that someone will have to pay, writes Richard Hinds.
www.abc.net.au
In such uncertain times one reality will inevitably emerge: Even wealthy sports are going to take a massive hit and someone will have to pay.
- Thread starter
- #34
Over the past decade, in the AFL particularly, there has been a strong sense of membership-shaming, with club propaganda designed to suggest you are not a real fan if you don't buy a membership — regardless of your financial circumstances, your lifelong commitment or even your ability to attend the games for which you are hectored into subscribing.
It would be unfortunate if the same baked-on fans who have been made to feel their membership investment is compulsory are also shamed should they ask for a refund.
Is that you WWSD? Will shame come your way?
There are multiple parts to a membership, though. The membership of the clubs, and then the access to a reserved seat, for instance. If you couldn't attend a game because there were fewer home games, then fair enough - but for a full refund of membership? That's going too far, IMO.
I won't be. It will be interesting to see the figures at the end of the season (i.e share of each membership that asks for a refund). Clubs with more blue bloods like Hawthorn I suspect will have higher refund requests
- Thread starter
- #37
The AFL arent forthcoming on membership info beyond the P155n comp.
- Thread starter
- #38
AFL clubs may lose $10m as Round 1 decision looming large with two days to go
www.foxsports.com.au
$10m eh?
...... recruiters could be under the most pressure to keep their jobs with less under age and state league football to watch. Regrettably, the official said, clubs will not be able to sustain employees if they are not adding to the business.
Recruiters, if they aren’t recruiting, would potentially be vulnerable - at least for the 2020 season. In the administration wing of clubs, it’s believed community, events and marketing could come under strain too.
Some clubs had already run the numbers to work out where they can save valuable dollars, while The Herald Sun reported that one club is set to ask staff on six figures to take a 10 per cent pay cut.
Brisbane Lions chief executive Greg Swann says if the 2020 AFL season is played entirely behind closed doors it would cost the club up to $5 million.
"If you're gonna strip five games per club from the broadcasters, you need to give them something back.
"I think quite likely there'll be five, six, seven games of the week. So you're looking for a marquee game every night.
"There has to be a way for the broadcasters to recoup the $200 million each they've put into the AFL season. Whether it's going to be a five-week finals series – I know Gill said it'd only be four, but I think there's potentially a sting in the tail there."
AFL delays call on Round 1 until Wednesday as players say ‘we want to play’ this weekend
AFL delays call on Round 1 until Wednesday as players say ‘we want to play’
www.foxsports.com.au
$10m eh?
...... recruiters could be under the most pressure to keep their jobs with less under age and state league football to watch. Regrettably, the official said, clubs will not be able to sustain employees if they are not adding to the business.
Recruiters, if they aren’t recruiting, would potentially be vulnerable - at least for the 2020 season. In the administration wing of clubs, it’s believed community, events and marketing could come under strain too.
Some clubs had already run the numbers to work out where they can save valuable dollars, while The Herald Sun reported that one club is set to ask staff on six figures to take a 10 per cent pay cut.
Brisbane Lions chief executive Greg Swann says if the 2020 AFL season is played entirely behind closed doors it would cost the club up to $5 million.
"If you're gonna strip five games per club from the broadcasters, you need to give them something back.
"I think quite likely there'll be five, six, seven games of the week. So you're looking for a marquee game every night.
"There has to be a way for the broadcasters to recoup the $200 million each they've put into the AFL season. Whether it's going to be a five-week finals series – I know Gill said it'd only be four, but I think there's potentially a sting in the tail there."
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I'm sorry but anyone who doesn't ask for a refund is an absolute goose. You're talking about clubs who are under a multi million dollar corporation in which everyone is overpaid, and more than likely paid more than yourself. Nothing will happen to clubs through this, and they would be bailed out worst case. If you want to do good, ask for a refund and send it to charity, so that those who are less fortunate can have something to live for.
Ditch the sentimental attitude of supporting 'your club', because all 'your club' is, is a brand which constitutes a bunch of administrators and athletes who are already handsomely paid. All your 'support' is going into their pockets. This isn't local footy these clubs don't need financial support other than that of supporters who go to the games and exchange their money for a seat. Your seat is no longer there so do your due diligence and take your money back. It doesn't cost money to love your team and its history.
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- Thread starter
- #40
If matches were to be suspended, the rivers of broadcast rights gold would be in danger of drying up.
And when it comes to total revenue, TV is the lifeblood for both big winter codes.
EMBED: The major football codes have varying levels of income and cash reserves
Given the sheer size of these broadcasting arrangements, and the clubs' fixed costs, an extended hiatus would be catastrophic.
Just one year of broadcast revenue is by itself more than either code's cash reserves. That means that without even factoring in any other commercial impacts, neither could cover the loss of its broadcast money without having to beg or borrow.
www.abc.net.au
And when it comes to total revenue, TV is the lifeblood for both big winter codes.
EMBED: The major football codes have varying levels of income and cash reserves
Given the sheer size of these broadcasting arrangements, and the clubs' fixed costs, an extended hiatus would be catastrophic.
Just one year of broadcast revenue is by itself more than either code's cash reserves. That means that without even factoring in any other commercial impacts, neither could cover the loss of its broadcast money without having to beg or borrow.
The big hit: An extended coronavirus shutdown may change sport as we know it in Australia
With the major sports leagues in Australia facing an extended shutdown, the financial impacts could be severe, if not devastating for clubs and sports as a whole.
www.abc.net.au
- Thread starter
- #41
The sort of financial losses associated with the coronavirus crisis in sport are eye-watering.
In rugby league, for instance, every round is worth $14 million to the NRL in television rights from Fox Sports and the Nine Network. So every round lost is $14m the game doesn’t get.
Throw in another $5.5 million in ticket sales, corporate hospitality, merchandise, ground signage and food and beverage income.
Plus there is the $10 million Telstra naming rights sponsorship deal.
The figures for the AFL are similar, just a little bigger.
www.theaustralian.com.au
In rugby league, for instance, every round is worth $14 million to the NRL in television rights from Fox Sports and the Nine Network. So every round lost is $14m the game doesn’t get.
Throw in another $5.5 million in ticket sales, corporate hospitality, merchandise, ground signage and food and beverage income.
Plus there is the $10 million Telstra naming rights sponsorship deal.
The figures for the AFL are similar, just a little bigger.
NoCookies | The Australian
mianfei
Club Legend
That was exactly the situation the NBL (and NBA even) had Australian Rules in thirty-five years ago, when a hegemonic road lobby was decimating a sport whose revenue was almost entirely based upon attendances and an increasing proportion of the population could not attend because of zero weekend public transport and the impossibility of adequate car parking. Yet, the NBL collapsed once the AFL adopted its game to television – as we are seeing with CTE, at likely non-negligible cost.
In my opinion, people discussing the impact of playing AFL behind closed doors due to COVID-19 are overlooking problems with the development of the game and of the league’s future players.
The state leagues of SANFL, WAFL, VFL and NEAFL will – at the very least – not play until June as they have no large TV revenues to afford playing behind closed doors. I have already read evidence that a cancelled season or even a single-round 9-game season would potentially end at least the WAFL (as we know it). More importantly for the long-term health of Australian football, I was told by my mother that most junior leagues have already cancelled their competitions entirely, and I imagine a lost season would prove tougher to make up for junior players than for senior ones. Then there is the issue of cutting game development, as you have already mentioned.
Eddie was saying on AFL 360 that Collingwood's membership sales had spiked up in the last few days.
So maybe some supporters want to try and help their clubs during these testing times!
RussellEbertHandball
Flick pass expert
- Thread starter
- #45
.... McLachlan and AFL commission chairman Richard Goyder had opened talks with Victorian premier Daniel Andrews about sourcing a line of credit to keep the league afloat.
“There won’t be a hand out, because the state of Victoria has to look after itself,” McGuire said. “But there are other mechanations that can come into play. There might be a line of credit to help save the AFL and get through not just this year — this is going to take 10 years to get through.”
www.news.com.au
“There won’t be a hand out, because the state of Victoria has to look after itself,” McGuire said. “But there are other mechanations that can come into play. There might be a line of credit to help save the AFL and get through not just this year — this is going to take 10 years to get through.”
Question leaves footy host speechless
Round one of the AFL season is on as the Tigers and Blues prepare to play at an empty MCG on Thursday night after the league decided to get started amid the coronavirus outbreak in Australia.
www.news.com.au
mianfei
Club Legend
It’s interesting to note that during World War I and World War II, fans continued to help county cricket clubs when no matches were played from 1915 to 1918 and from 1940 to 1945. In fact, it is likely that Gloucestershire, Worcestershire, Northamptonshire, Derbyshire and Somerset would have folded entirely but for the reduced costs from not playing matches during World War I, as all those clubs were in dire financial straits due to declining attendances in the seasons before the First World War.
Applying this fact to football is of course impossible and utterly illogical. Firstly, there was no television or even radio broadcasting in 1914, and hopes of increased television (and perhaps radio) broadcast revenue is a major reason the AFL feels it can play behind closed doors (I imagine possibly even doing so after COVID-19 subsides if it does) and possibly not lose any revenue from the lack of gate money. Secondly, patronage and donations are not of the importance to sport now that they were in the days of pre-World War I county cricket, and with higher taxes than under the gold standard the ruling and middle classes are much less able to donate to private philanthropy than was possible under the restricted democracies (as named by Dietrich Rüschemeyer) of the era before World War One.
- Thread starter
- #47
NoCookies | The Australian
The financial devastation wrought by the coronavirus crisis will leave most AFL clubs reliant on special assistance from the league in order to survive when Australia comes out the other side of the pandemic.
A day after Collingwood president Eddie McGuire likened the havoc caused by the coronavirus to a “nuclear bomb” going off for the AFL, at least one senior administrator expressed concern that even Melbourne’s biggest clubs would struggle to survive without significant help.
The Victorian-based administrator, who spoke on the condition of anonymity*, suspected only West Coast might have enough reserves to survive the devastating impact in their own right.
Amid the broader health catastrophe, clubs are implementing cost-cutting measures as they seek to save between $5 million to $10m this year alone.
* what?
Thers more ....
The true big one
- May 13, 2012
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It becomes a crisis if everyone acts as if all the clubs can continue operating on their current operating cost structure.
The AFL getting a loan to help clubs is one thing, but the whole industry is going to have to do some serious cost cutting, and that MUST start with player salaries.
The AFL getting a loan to help clubs is one thing, but the whole industry is going to have to do some serious cost cutting, and that MUST start with player salaries.
telsor
Hall of Famer
Until the owners of the club decide they need money...
