Meet Up 2017 Social Club Function

[Pugz89]

Wondered the same.

A brief google description says it means that a companies debts and liabilities up against its assets and cash on hand leaves you with its net position. Be keen to find out from someone with far more financial knowledge than i if that’s true. Apparently financials come out today so will be an interesting read.

Yeah, basically means you have enough cash and assets to pay any outstanding liabilities/debts, gross debt is just the total sum of debt without considering cash/assets. Net debt is the key for economists, so it's a good spot to be in and looking through last year's figures, Geelong had revenue of $54M, so we are really starting to push up into the mid tier of teams, now we just need to ensure it is sustained.

 

[Golden_6]

Yeah, basically means you have enough cash and assets to pay any outstanding liabilities/debts, gross debt is just the total sum of debt without considering cash/assets. Net debt is the key for economists, so it's a good spot to be in and looking through last year's figures, Geelong had revenue of $54M, so we are really starting to push up into the mid tier of teams, now we just need to ensure it is sustained.

Keep in mind I think out net debt figures can be a little skewed as the Whitten Oval itself makes up a substantial portion of our assets if I remember correctly?

 

[Pugz89]

Keep in mind I think out net debt figures can be a little skewed as the Whitten Oval itself makes up a substantial portion of our assets if I remember correctly?

Same would be the case for Hawthorn, as the Hawks own Waverley.

 

[bullish23]

$52m turnover is quite impressive

When I get time I’ll run my eye over the financials and post some observations.

 

[Norm De Guerre]

So other than the developing bromance between KH and Grassman and a nice financial bottom line, there was nothing of real interest to report from the event and I missed nothing in not attending again?

 

[Bont2Bruce]

Same would be the case for Hawthorn, as the Hawks own Waverley.

I thought Mirvac now owns the whole area and Hawthorn lease the old grandstand building and grounds from them?

 

[Bont2Bruce]

So other than the developing bromance between KH and Grassman and a nice financial bottom line, there was nothing of real interest to report from the event and I missed nothing in not attending again?

Gary Kent gave a speech in what was his last official day in the CEO role. Very understated man to be honest.

But a highlight was some casual conversation on stage between Danny and Wood/Redpath.

Danny posed a question about nicknames and asked whether anyone had arrived at the club and made it clear that their nickname was already "Horse".

There was a slight pause as Wood/Red considered how to respond. Danny jumped on it and exclaimed, "there was! Gotta tell us who it was now"

Turns out it was Bailey Williams.

 

[Golden_6]

Gary Kent gave a speech in what was his last official day in the CEO role. Very understated man to be honest.

But a highlight was some casual conversation on stage between Danny and Wood/Redpath.

Danny posed a question about nicknames and asked whether anyone had arrived at the club and made it clear that their nickname was already "Horse".

There was a slight pause as Wood/Red considered how to respond. Danny jumped on it and exclaimed, "there was! Gotta tell us who it was now"

Turns out it was Bailey Williams.

I believe that's to do with his facial features rather than what typically garners the nickname horse.

 

[Pugz89]

I thought Mirvac now owns the whole area and Hawthorn lease the old grandstand building and grounds from them?

You're right, for now. haha

"Hawthorn has all but completed the negotiations that will enable it to relocate to the former Waverley Park by early February next year.


The Hawks will soon sign a contract with developer Mirvac that will give them control of their new headquarters at Waverley, with the club to begin fitting out the new high-tech facility later this year.


Under the terms of the deal, the Hawks will be a rent-free tenant ($1 a year), taking control when Mirvac has sold all the properties next to the site, or failing that, after 15 years." - http://www.hawkheadquarters.com/article.aspx?articleid=1794

 

[Bont2Bruce]

You're right, for now. haha

"Hawthorn has all but completed the negotiations that will enable it to relocate to the former Waverley Park by early February next year.


The Hawks will soon sign a contract with developer Mirvac that will give them control of their new headquarters at Waverley, with the club to begin fitting out the new high-tech facility later this year.


Under the terms of the deal, the Hawks will be a rent-free tenant ($1 a year), taking control when Mirvac has sold all the properties next to the site, or failing that, after 15 years." - http://www.hawkheadquarters.com/article.aspx?articleid=1794

Well even if they become an owner of land in the future, that wouldn't influence their current balance sheet in any way.
Though they have purchased the site in Dingley and that would certainly appear on a current balance sheet.

 

[giblj]

I believe that's to do with his facial features rather than what typically garners the nickname horse.

I remember Bob saying that he told him to say it. When they were doing their introductions everyone’s nickname was something like their last name with a y on the end, he was sitting next to Bailey and told him to say his nickname was ‘Horse’.

 

[Igloo]

I remember Bob saying that he told him to say it. When they were doing their introductions everyone’s nickname was something like their last name with a y on the end, he was sitting next to Bailey and told him to say his nickname was ‘Horse’.

This is the story Matthew Boyd told on the radio one day.

Hilarious.

 

[King Harold]

So other than the developing bromance between KH and Grassman and a nice financial bottom line, there was nothing of real interest to report from the event and I missed nothing in not attending again?

" developing bromance" only our first date Norm , but who knows where it leads

 

[grassman75]

So other than the developing bromance between KH and Grassman and a nice financial bottom line, there was nothing of real interest to report from the event and I missed nothing in not attending again?

Bro's before Ho's Normy...

 

[King Harold]

So other than the developing bromance between KH and Grassman and a nice financial bottom line, there was nothing of real interest to report from the event and I missed nothing in not attending again?

Not sure if it was mentioned Norm , but other than me and Grassman making googly eyes at on another ,
Of significance to me was Peter Gordon saying they intend to transform WO.
I take it that means a lot more capital works .
It would be wonderful to see our ground refurbished and beautified !