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Resource 2021 Financials Thread

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The_Wookie

The_Wookie

Kananook Oval
Gumbies FFC - Sweet F.A. Veteran 10k Posts 30k Posts Shiny Penny Podcaster
Jul 2, 2010
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Adelaide
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Its coming up soon, so time for a new thread.

Most clubs will report between mid november and the end of the year. AFL reports will come out some time in March.

As always Im grateful to everyone here on Bigfooty and on my twitter feed who has had meaningful contributions in these threads over the last few years. Folks like RussellEbertHandball, Prince Imperial, dave10, Rob have been invaluable with their input over the years, others have assisted with obtaining annual reports in the early years, and still others have assisted with constructive criticism and great questions, particularly Kwality lol

This has always been a colloborative effort. If you see something that is incorrect, please let me know so I can fix it.

Previous Years threads:
Last years Annual Reports
Older Reports and associated Documents Post here.

Trackers

2021 Reports Table


2020 Reports Table


2019 Reports Table
 
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I don't understand clubs getting out of pokies on moral grounds, if they don't do it someone else will anyway and the betting advertising is 10x worse than the old slot machines.
 
Walshawk said:
Hawks just sold an asset for $85m.
www.afr.com

AFL club cashes in on Melbourne’s biggest pub deal yet

The $85 million sale of the Caroline Springs venue winds down a large part of the Hawthorn Football Club’s exposure to pokies revenue.
www.afr.com www.afr.com
Click to expand...
Might not be all Hawk's.


The record result represents a combined price for both the leasehold, held by the football club, and the freehold real estate owned privately by investors including busy property player David Feldman.

The exit from the Caroline Springs venue winds down a large part of the Hawthorn Football Club’s exposure to gaming machine revenue, a long-standing goal of some members of the famous footy club that is led by former Victorian premier Jeff Kennett.

WestWaters has 90 gaming machines licences, more than half of all the machines run by the football club. The rest are at the Vegas Club at Waverley Gardens Shopping Centre in Mulgrave.
 

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Bjo187 said:
I don't understand clubs getting out of pokies on moral grounds, if they don't do it someone else will anyway and the betting advertising is 10x worse than the old slot machines.
Click to expand...

Revenue from the record deal will help Hawthorn accelerate its long-standing plans to build a $100 million training base, dubbed the Kennedy Community Centre, at Dingley in Melbourne’s south-east.

Ending the Hawks’ reliance on gaming revenue has been a controversial point amid broader agitation at the club. Hawks for Change, a grassroots group pushing for Mr Kennett’s removal, successfully backed the election of former AustralianSuper chief Ian Silk to the board.

...........................

Mr Kennett said investment into WestWaters had been made during his first term as president for “the long game and betterment of the club”. Proceeds would be divided between the club’s foundation and the Dingley project, which was forecast to be completed by the end of 2023.

Hawthorn was also prepared to sell its Vegas Club operation, but only for an offer that would allow the club to remain financially independent, Mr Kennett said, acknowledging he had been pressed on the issue of gaming revenue by members at the club’s annual meetings.

“I have always indicated to them that we will get out of gaming, out of these legal businesses, at a time that is opportunistic for the club. We weren’t going to be pressured to sell a legal business just because of people not approving of gaming,” he told The Australian Financial Review.

“If and when we get an offer [for the Vegas Club] that is right, then we would sell that too. It is a work in progress.”
 
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Bjo187 said:
I don't understand clubs getting out of pokies on moral grounds, if they don't do it someone else will anyway and the betting advertising is 10x worse than the old slot machines.
Click to expand...

It's complete and utter bullshit, tbh. It makes not one millimetre of difference to the venue, the community or anybody using the pokies. There's just a different owner.

In fact, you could argue it's better off in a football club's hands, because at least the proceeds can be put toward promoting healthy lifestyles (that's what sports clubs are meant to do anyway, according to the NFP status).

And as part of the self congratulatory announcements about "getting out of pokies", they'll detail the giant big fat cheque they've been handed for the sale.

The only reason the venue is worth anything to sell is because of the earnings to come out of the pokies. All the clubs are doing is bringing forward that cash from future years to one big payday now.

If clubs were to actually hold their pokies but say, not operate them, or operate them for fewer hours, they could absolutely claim community benefit. But this practice of selling venues is just bullshit.
 
Bunk Moreland said:
It's complete and utter bullshit, tbh. It makes not one millimetre of difference to the venue, the community or anybody using the pokies. There's just a different owner.

In fact, you could argue it's better off in a football club's hands, because at least the proceeds can be put toward promoting healthy lifestyles (that's what sports clubs are meant to do anyway, according to the NFP status).

And as part of the self congratulatory announcements about "getting out of pokies", they'll detail the giant big fat cheque they've been handed for the sale.

The only reason the venue is worth anything to sell is because of the earnings to come out of the pokies. All the clubs are doing is bringing forward that cash from future years to one big payday now.

If clubs were to actually hold their pokies but say, not operate them, or operate them for fewer hours, they could absolutely claim community benefit. But this practice of selling venues is just bullshit.
Click to expand...

I also don't think the average person out there gives a shit if their footy club has pokies or not. What is the funniest thing is, the expansion clubs don't have pokies to look good morally, now who in those communities would even know this or care? In fact it would actually give the clubs a face in the local community a bit more if they owned an rsl or social club.

The moral high grounding on pokies does serve to make the rest of the AFL dig further into their pockets to support these new and poorer clubs though, which effects the money that can be put into local footy.
 

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Resource 2021 Financials Thread

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