eagles_4_life
Team Captain
It shouldn't but when they post membership numbers/totals they do. Just VFL things
2019 Financials
- Thread starter Kwality
- Start date
- Tagged users None
Autofellatio....
- Jan 13, 2013
- 23,097
- 45,276
- AFL Club
- West Coast
Pretty sure they get audited by the VFL at the end of the year and stuff like that gets taken off the total
Cash on hand went from ~ $40 million to $20 million but doesn't affect the yearly profit/revenue figures. Most of that spending is converted to assets anyway.
Crazy money.
- Sep 7, 2009
- 5,892
- 5,987
- AFL Club
- Collingwood
- Other Teams
- Real Madrid, Man City, GS Warriors
Exciting future for us awaits
We've got plenty of money in the bank to see us through this season. Arguably we are easily the best placed in the league.
Other clubs may feel these financial impacts for years causing less spent on facilities, coaching staff etc.
This is our competitive advantage and can put us even further ahead of the pack, both performance wise and financially.
Other clubs may feel these financial impacts for years causing less spent on facilities, coaching staff etc.
This is our competitive advantage and can put us even further ahead of the pack, both performance wise and financially.
- Thread starter
- #33
Did you take into account the money owed?
Do you know much it is?
- Thread starter
- #35
At end of October as per the Annual Report
TOTAL CURRENT LIABILITIES 21,114,712
Its academic today.
No doubting the Eagles are best positioned of all the clubs, most of the subs will be in the bank, not sure that can be said for many of the clubs.
Note that circa $5m of that is unearned income which would likely not be remitted back, so probably closer of $16m. Looking at the financials we also hold listed investments totaling $35m back in October (probably significantly less today) but these investments could be easily converted to cash should the need arise. So financially I would say that we are very strong at the moment.
On another note how sloppy do the financials look, I mean they aren't going to be generally circulated but a little bit a care and attention
- Thread starter
- #37
Was the worst presented set of financials the club has ever circulated - the sort of junk that most AFL clubas have always presented.
Agree with your remarks on the numbers but I was trying to answer a question, whilst pointing out its relevance today.
Cheers for that.
A lot of that payables balance would be related to the lathlain construction as well potentially.
Liquidity is good. Net current assets high. Very interesting that those investments are classified as current. Quick skim read didn't give any details on what they are.
- Thread starter
- #39
The 600 mil loan deal:
NoCookies | The Australian
Quote:
As one source put it: “The first task was to ascertain the size of the problem, and the calculation went like this: ‘We have this much in costs and no revenue.’ So we adjusted the costs, and the size of the problem became the lower figure for costs, minus the revenue. It was still a big problem.”
The clubs, as well, were bleeding heavily, creating a further set of challenges for directors who were mindful of their legal obligation to avoid insolvent trading, even if the operation of the law had been temporarily suspended.
The AFL source put it more simply: the AFL and the clubs, he said, had to massively reduce their costs; the players had to take a huge pay cut; and new funding had to be obtained.
“That’s all been done in a week,” he said.
1 week is pretty impressive when you think about it.The 600 mil loan deal:
NoCookies | The Australian
www.theaustralian.com.au
Quote:
As one source put it: “The first task was to ascertain the size of the problem, and the calculation went like this: ‘We have this much in costs and no revenue.’ So we adjusted the costs, and the size of the problem became the lower figure for costs, minus the revenue. It was still a big problem.”
The clubs, as well, were bleeding heavily, creating a further set of challenges for directors who were mindful of their legal obligation to avoid insolvent trading, even if the operation of the law had been temporarily suspended.
The AFL source put it more simply: the AFL and the clubs, he said, had to massively reduce their costs; the players had to take a huge pay cut; and new funding had to be obtained.
“That’s all been done in a week,” he said.
- Jun 26, 2011
- 3,341
- 7,310
- AFL Club
- West Coast
- Other Teams
- Perth Wildcats, Perth Lynx
Only four clubs could survive football-free season without AFL help
Some financially stricken clubs are alarmed at details of the AFL's rescue package, which will essentially turn AFL bosses into the competition's banker.
RookiePick
Brownlow Medallist
- Aug 13, 2014
- 26,539
- 47,311
- AFL Club
- West Coast
I really hope Nissy tells Gillon to stick his receivership model up his arse.
- Thread starter
- #43
Got a link? How are the AFL able to appoint a receiver?
I think clubs can tell Gill to stick it but there will be large penalties if they later require funds.
Gill wants to take ownership of all clubs now - he is determined to get his grubby hands on WCE's finances, isn't he. Stuff him! Let the weak clubs perish. The AFL has too many clubs in Vic. This is a good chance to make it truly AFL, and not a glorified version of the VFL.
I'm sure the AFL tried to take over the Eagles' licence from the WAFC a few years ago. Fortunately the Eagles are far to important to the WAFC to let it go, working out well!
