2017 Financials

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The important thing to remember is that Gill says footy in Queensland is doing just fine.
 
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Highlighted the big differences of increased cost this year. Also note revenue is up $3.3m on last year as well.
 

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A fair portion of that $2.7 million in leasing is related to the Gabba facilities expenses, right? You'd think that would drop considerably in 2019 if we're able to have our Springfield facility up and running.
Interesting that we increased spending by a million on last year's expenses at Springwood this year for only a $500k increase on earnings. Did Springwood undergo some renovations or something this year?
Increased football and admin expenses don't worry me, especially considering how low we were spending compared to the competition for a while. Provided we are able to reduce spending or increase revenue in other areas to offset it shouldn't be a long term issue and on field performance is probably the key for us for significant revenue growth.
 
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Haven't we lost a chunk of money (or at least not been paid a chunk) from the Camperdown Sponsorship?
 
jatz14 said:
Footy in Qld is doing fine. Lions balance sheet is not Qld football.

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I'd say the two are correlated just a tad.
 
jatz14 said:
If Brisbane sign a major sponsor, slash a few expenses next year, and break even, does that mean Qld footy will have improved?
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Fair point. Year by year might not mean much. Not sure I argued that.

Do you disagree that a football team might by affected financially by the state it's in?
 
BRAB said:
Fair point. Year by year might not mean much. Not sure I argued that.

Do you disagree that a football team might by affected financially by the state it's in?
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I do, but less so than its own internal affairs. States can have clubs within them with vastly different financial positions. It would be hard for a North supporter or a Saints supporter to argue that their clubs position reflected the state it is in. That said, it is obviously easier being a Collingwood type club in Melbourne than it would in Brisbane.

My point is, Queensland is a tough market, and the Lions operate at the margins of the footy world, however the direction of Brisbanes financial position will have a great deal to do with how much the have their own house in order, and the performance of the team on the field, and very little to do with the general state of Qld footy.

The overall state of footy does affect them, but only in the long term trend.
 
I agree with jatz to an extent and I like that a poster from another state has taken an interest in our results and done so in a respectful manner.

Over the last 10 years we have been responsible for a great deal of our own demise due to poor (arguably incompetentence) both at a board and management level. However I think that over the last three years (with the AFLs assistance) this has largely been addressed.

The fact that we are still suffering the same financial results despite having experienced operators at the helm is an indictment on the game in the state not so much on the development and state league both which I think have taken large steps forward, but rather that the size of the overall AFL supporter base is insufficient to support two teams (on both a member and commercial basis).

It is easy to say that winning will solve things but as evidenced by the strong go home factor for both us and the GC maintaining the required level of talent on our lists is no mean feat- especially with both teams languishing at the bottom of the table since the Suns inception.

I genuinely believe that the Suns team should be moved but do not think that the AFL will be prepared to do that. Realistically I think that both teams will need significant league financial support for another decade until the supporter and commercial base in SEQ is large enough to sustain both teams.
 
jatz14 said:
Footy in Qld is doing fine. Lions balance sheet is not Qld football.

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jatz14 said:
If Brisbane sign a major sponsor, slash a few expenses next year, and break even, does that mean Qld footy will have improved?
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It might help to either understand the context that the comments refer to. If you are aware of the comments made by Gil in regards to this sometime ago then you're being deliberately disingenuous and trying to frame another posters words into something they had no intention of making. The comments on Qld cricket they are referring too were in response to questions specifically about the lions and suns. Not grass roots football
 

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The social club's expenses were $11.9m this past year, but revenue was $15.96m. That's not too bad... why do we only have one? Surely that would justify exploring Lions@Springfield, Lions@Ipswich, Lions@something-northside...
 
Back2Back2Back said:
The social club's expenses were $11.9m this past year, but revenue was $15.96m. That's not too bad... why do we only have one? Surely that would justify exploring Lions@Springfield, Lions@Ipswich, Lions@something-northside...
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Cant borrow any money to build another one when the club is already 15mil in debt.
 
Back2Back2Back said:
The social club's expenses were $11.9m this past year, but revenue was $15.96m. That's not too bad... why do we only have one? Surely that would justify exploring Lions@Springfield, Lions@Ipswich, Lions@something-northside...
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How much of their income is derived from pokey machines?

I've only visited the club once, didn't bother checking out the pokey area. Quite frankly it looks very out dated and 10 plus years behind most decent clubs in Brisbane.

I've been out of the industry for a couple of years, and I don't know how the new casino will change things, but the government has a cap on the number of pokey licences allowed in QLD. Basically when a pub or club go under, there is an auction of the licences, otherwise no new licences are available. Back in the early to mid 00's Coles and Woolworths were buying up every available licence (and pub) possible.

With the way such sporting clubs are run in QLD, none can survive with out their pokey revenue.

Plus, with Labours budget announcement yesterday, I am sure all clubs/pubs etc, are going to cop a 17% percent tax hike on their gambling profits.
 
Collingwood loss $2.7m again this year. Times are tough.
 
I would say there are 2 big factors. 1 is obviously the amount spent of being at the gabba. We pay heaps to be there. This is an expense which would be just about entirely gone moving to Springfield. The 2nd is the deal we have with the Gabba for our games. It is no secret that we need to get about 30k at the Gabba to be making a profit. It is a deal that pays us big for big crowds, but we lose on small-medium. A better deal would help a lot, and moving away from the Gabba for our HQ and having another option out there would atleast help give some leverage. Also the obvious, team plays well, crowds come back and we make some cash.

Other things such as sponsorship falling over also having an impact. Does anyone know if Springwood is paid off yet? I know we were copping heavy losses because of our aggressive paying off of the facility, but not sure when that is completed and/if how much of the expense would be attributed to that. We aren't even traveling that well and that facility is turning a decent profit.
 
jatz14 said:
I do, but less so than its own internal affairs. States can have clubs within them with vastly different financial positions. It would be hard for a North supporter or a Saints supporter to argue that their clubs position reflected the state it is in. That said, it is obviously easier being a Collingwood type club in Melbourne than it would in Brisbane.

My point is, Queensland is a tough market, and the Lions operate at the margins of the footy world, however the direction of Brisbanes financial position will have a great deal to do with how much the have their own house in order, and the performance of the team on the field, and very little to do with the general state of Qld footy.

The overall state of footy does affect them, but only in the long term trend.
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COLLINGWOOD has posted back-to-back financial setbacks totalling $5.36 million, after announcing a $2.73 million loss for the 2017 financial year.
The final result was a loss of $2,732,624, which followed the loss of $2,622,623 in the 2016 financial year.
The club's operating profit was $1.65 million before depreciation in the value of the Glasshouse and redevelopments at the Holden Centre was taken into account.
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http://www.afl.com.au/news/2017-11-24/black-and-white-in-the-red-as-pies-lose-27m
 
Dlions said:
Cant borrow any money to build another one when the club is already 15mil in debt.
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We built Springwood when we were in debt though. If the business case is there the money will appear.

briztoon said:
How much of their income is derived from pokey machines?
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mmm that’s a good point there. We do have a decent # of machines in Springwood.
 
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