Carlton's annual report

Silvagnis

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http://carltonfc.com.au/cp2/c2/webi/article/249518ah.pdf

Press release

Carlton Football Club and Social Club, although announcing an overall loss has achieved the financial targets set for 2005.

“The Club has a business model prepared by independent experts in 2004 that involves a three year financial strategy to return the Club to a cash neutral position by the end of 2007. The 2005 results for the Club, the first year of this three year strategy, are in line with the targets that were set,” announced Carlton President, Mr Ian Collins AM.

“The relocation of Carlton’s home games was a key in the Club achieving these targets in 2005. Without re-locating our home games our forecasts indicated we would have exceeded the financial facility available to the Club during by a significant amount 2005 and while our cash flow improved in 2005 – our position is still precarious,” added Mr Collins AM.

Last year the Club stated that the level of debt and cash flow were a problem and as a result of our poor on-field performance in 2005 Carlton has been very conservative in planning for 2006 but its cash flow position remains precarious.

“Our debt levels are relatively close to our financial facilities limit,” said Mr Collins AM.

The Carlton Football Club announced a net profit of $188,519, a marked improvement on the loss of $2.157million in 2004. The Football Club revenue increased by $3.462million in 2005 to $19.795million while expenses increased by $1.116million to $19.606million.

A number of key issues contributed to the Football Club’s improved financial results:

•Strong sponsorship position highlighted by:
Joint major sponsors in Optus and Dan Murphy’s
New short sponsor - K&S Freighters
Introduction of the Inner Blue Coach’s sponsorship group

•Wizard Cup Premiership

•Record Membership of 33,535

•Attendances at home games increased by 14%


The Carlton Cricket & Football Social Club announced a net loss of $1,117,526.


A number of key issues contributed to this financial performance:

•Holding and maintenance costs of the venue.

•Settlement of existing contracts and loss of catering rights income.

•Preparation of financial and legal submissions in relation to the Australian Taxation Office review


“We have maintained our sponsorship levels with both Optus and Dan Murphy’s continuing, along with K&S Freighters and we are confident of announcing a new coach’s sponsorship very soon and this is in addition to the Inner Blue Coach’s sponsorship group that is also continuing in 2006.

“While our cash position remains extremely tight, 2005 was a marked improvement for Carlton and in line with year one of our three year strategy,” Mr Collins AM added.
 

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Funkalicous

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#3
The Old Dark Navy's said:
Goes to show the gloom and doom forecast a couple of months back was out of context. Naturally the social club was going to experience a loss. The football club is in the black which is a real positive.
It looks like the usual trouble makers on the main-board have a different view.

Typical troll

Sometimes you just can't win...
 

SurreyBlue

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#4
Don't worry Funky, they don't realise that if every carlton supporter (not just members) put in $50 above the membership subscription, we could be back in black within a year. Believe me most Carlton supporters (unlike them) can easily afford it too.
Now we just have to get the club to be positive, show us they are moving forward both on and off the field, and stop all this bad negative publicity.
That is the key and the supporters will back them.
 

MeeSo

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#5
Funkalicous said:
It looks like the usual trouble makers on the main-board have a different view.

Typical troll

Sometimes you just can't win...
If I'm feeling petty I might fire off a few cheap shots in response but there's no point trying to have a serious discussion about it. Who reads footy finance reports anyway?
 

JeffDunne

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#6
MeeSo said:
If I'm feeling petty I might fire off a few cheap shots in response but there's no point trying to have a serious discussion about it. Who reads footy finance reports anyway?
Maybe you could try answering one of the numerous questions I've asked.

BTW, you like many others confuse anti-Collo with anti-Carlton. In fact, I'm anti him because I'm pro-Carlton (pro all clubs in fact).
 

MeeSo

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#7
JeffDunne said:
Maybe you could try answering one of the numerous questions I've asked.

BTW, you like many others confuse anti-Collo with anti-Carlton. In fact, I'm anti him because I'm pro-Carlton (pro all clubs in fact).
Why should I answer any of your questions? I've responded to you in the past and even asked you for solutions but all I got in return was cheap shots and the same old critcisms. If you can learn to seperate your dislike of Carlton from the issue then I'll discuss it but until then your opinion is worthless.

BTW don't bother trying to portray yourself as merely anti-Collo. Anyone who's been here more than a week know's that's a lie.
 
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