News 2021 St.Kilda Media Thread

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g_TRAIN

Near a spoon
Jun 15, 2006
1,525
3,212
Sydney
AFL Club
St Kilda
Yeah but we are still 9 mill in debt. They have less members then us and just finished last. Reckon we need a new CEO
They have way fewer assets and net worth as well.

They are doing well but I would rather be in our shoes for sure.

It's like having 800k debt in a mortgage but a house worth 1.5m

That's a better position to be in than having no assets but no debt.
 
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bergholt

Norm Smith Medallist
Mar 14, 2007
7,258
17,285
Brunswick
AFL Club
St Kilda
I sore today that north have paid down all there debt. Debt free for the first time since 87. What the fcuk are we doing?
Don't worry about debt, in a going concern like a footy club debt is very manageable - especially with big brother AFL guaranteeing it and stepping in if things go bad.
 

sunny3193

Premiership Player
Sep 28, 2016
4,228
13,107
AFL Club
St Kilda
They have way fewer assets and net worth as well.

They are doing well but I would rather be in our shoes for sure.

It's like having 800k debt in a mortgage but a house worth 1.5m

That's a better position to be in than having no assets but no debt.
They will also lose $4mill pa when the Tassie team arrives.****



**** Except if they’re the Tassie team.
 

Joffaboy

Hall of Famer
Dec 4, 2000
42,222
90,082
The Bay
AFL Club
St Kilda
Other Teams
NO Saints LUFC
They will also lose $4mill pa when the Tassie team arrives.****



**** Except if they’re the Tassie team.
Sunny do you want to explain the dangers of looking at only one side of the balance sheet without looking at the other?

I owe 500k on a 1.5 mill home, I better sell because debt and sh*t (actually don't owe anything on my house, so I am just like North, asset poor but no debt).
 

sunny3193

Premiership Player
Sep 28, 2016
4,228
13,107
AFL Club
St Kilda
Sunny do you want to explain the dangers of looking at only one side of the balance sheet without looking at the other?

I owe 500k on a 1.5 mill home, I better sell because debt and sh*t (actually don't owe anything on my house, so I am just like North, asset poor but no debt).
No because you do it so much better than me.
What with your husky Scandi accent. 🤩🤩🤩
 

StCicatriz

Brownlow Medallist
Aug 3, 2016
25,404
52,728
AFL Club
St Kilda
what north melbourne does, doesn't really interest me

the debt we carry also doesn't really phase me as much as obtaining revenue outside of football. if we can build a strong revenue stream outside of AFL gate/merch etc. i think thats far more valuable. the debt you probably just need to hold, wait 10-20 years with inflation kicking in and then just renegotiate a settlement with the AFL.

there's a reason why clubs like GWS have gone head strong into day cares. makes a sh*t load of sense.

with all that roofspace at RSEA park maybe we should have covered them in solar panels and started mining bit coin :tearsofjoy:
 

jwikked

Norm Smith Medallist
Sep 20, 2009
6,251
17,891
NSW
AFL Club
St Kilda
Yeah but we are still 9 mill in debt. They have less members then us and just finished last. Reckon we need a new CEO
Debt free with nothing to show for it. We're in a fine position, it looks bad but it's really not. Remember, 6 mil is owed to the AFL and as far as I'm concerned they owe us that money.
 

Joffaboy

Hall of Famer
Dec 4, 2000
42,222
90,082
The Bay
AFL Club
St Kilda
Other Teams
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what north melbourne does, doesn't really interest me

the debt we carry also doesn't really phase me as much as obtaining revenue outside of football. if we can build a strong revenue stream outside of AFL gate/merch etc. i think thats far more valuable. the debt you probably just need to hold, wait 10-20 years with inflation kicking in and then just renegotiate a settlement with the AFL.

there's a reason why clubs like GWS have gone head strong into day cares. makes a sh*t load of sense.

with all that roofspace at RSEA park maybe we should have covered them in solar panels and started mining bit coin :tearsofjoy:
Trout bought 15 Bitcoin in 2012 for the club but cant remember the password
 
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