News - Club financials for 2018 season | BigFooty

News Club financials for 2018 season

Discussion in 'Western Bulldogs' started by Pugz89, Nov 28, 2018.

  1. Pugz89

    Pugz89 Norm Smith Medallist

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    Last edited: Nov 28, 2018
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  2. maddog37

    maddog37 Premium Platinum

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    Numbers bodies please extrapolate some good and bad for us all.
     
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  3. bobs head soup

    bobs head soup All Australian

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    For decades it seemed getting debt free was as big and distant a goal as a flag. Total bank debt of zero and $7 million in cash is a pretty extraordinary position from that background. Huge well done to all involved
     
  4. jdz101

    jdz101 Norm Smith Medallist

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    Property asset allocations from the government shouldn't really be making it to the profit headline imo. That is a little bit cheeky.

    I know it does have a serious effect to the overall bottom line now and into the future, but a touch misleading to have it headlining the announcement as an 18 million profit.

    Meat and taters of the report was ok. Membership revenue down obviously expected. A bit worried that we're piling up cash, yet spent less on footy department this year than last. Will watch the podcast to see where the newfound pile of cash is going to go.
     
    Last edited: Nov 28, 2018
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  5. TempletonTheRat

    TempletonTheRat Premium Platinum

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    can't see where this was stated. It states we got less funds from the AFL than previously. The financial report has our total football department spend as increasing by almost $0.5M but that covers VFL, AFLW and VFLW not just the AFL
     
  6. Dogs_r_barking

    Dogs_r_barking Premiers 2016

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    Good to hear that the payment from the AFL has been reduced by $500,000, however we don’t get the blockbuster games that are fixed each year for the big clubs. We have missed out on Black Friday as well, so still a lot of inequity.
     
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  7. jdz101

    jdz101 Norm Smith Medallist

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    Yeah it might be spread out over a lot of different departments - just a small tidbit that they spent half a mill more in 2017 than 2018.

    Football department expense (24,965,803) (25,489,964)

    I'd like to see this increasing next report instead of decreasing and also overall operating revenue increasing year on year. The membership drop didn't really help them in that regard. That number would be healthier with membership just staying the same (unrealistic considering onfield). The increase in sponsorship dollars is a good sign too.

    Overall pretty good.
     
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  8. Fossie 32

    Fossie 32 Premium Platinum

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    So how much is it apart from the asset allocations? 18 mill is amazing!

    [​IMG]
     
  9. BrisDog

    BrisDog Club Legend

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    It’s time for us all to start rattling cans on Barkley St in bikinis boys
     
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  10. jdz101

    jdz101 Norm Smith Medallist

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    2.2mill before all the redevelopment stuff 15.8 mill from the property.

    Still a nice result.

    The last overall balance sheet page of the numbers is extremely satisfying as a doggies fan if you've been one for a long time.
     
  11. Doggiesfan14

    Doggiesfan14 Senior List

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    Haven't looked at this in detail, but has the sale of the pokies been done/included in the financial report for this year? Or have we got another significant profit to be made next year?
     

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  12. eastdog

    eastdog Club Legend

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    Great to be debt free!
     
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  13. ABitWoofy

    ABitWoofy Club Legend

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    Meanwhile the saints debt has hit $12m. Yikes!

     
  14. jdz101

    jdz101 Norm Smith Medallist

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    Thats ******...no wonder they're slaves to playing in China.
     
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  15. Prince Imperial

    Prince Imperial Club Legend

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    No, the gaming businesses have not been sold. If they are as expected, this should deliver a very substantial one-off profit. $3m of additional state government funding for the Whitten Oval should also come in.
     
  16. Substance

    Substance Norm Smith Medallist

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    More cash than we know what to do with it seems.
    Oh how the turn tables...
     
  17. DelRe

    DelRe Club Legend

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    Agree, it’s perfectly allowed, but ultimately it is a bit of an accounting fiction as it’s not as if the club has or can realise that revenue for other investments. The actual operating revenue is relatively stagnant if not slightly declining. They have a solid basis to work from though and the club is right that it needs to now focus on that area as summed up well by Bains:

    “We are extremely pleased with the Club’s financial position, but remain acutely aware of the need to grow our revenue streams to fund an expected increase in costs across the business over the next few years”

    Gary Kent seems a bit of a loss in that respect in terms of his strong CFO background (as opposed to CEO). Would be good to have someone of that caliber back on the board to support Bains.
     
  18. grassman75

    grassman75 Premium Platinum

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    So when are our membership figures coming out?

    257,421 for 2018/19?

    If you can't beat them join them
     
  19. House_of_Dahl

    House_of_Dahl Premiership Player

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    Finally we can get that pothole fixed!
     
  20. ExRoyboy

    ExRoyboy Club Legend

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    I honestly never thought I would see the day when the Bulldogs had zero debt and $7 million in the bank..... it really is amazing and I’m glad that even though the club wasn’t able to maintain the onfield success from 2016, at least the smart people there made sure that the finances got fixed so that we are set up for more future success and don’t have that millstone hanging around our necks anymore.

    Well done Doggies and keep up the good work. To all supporters thinking about becoming members, sign up now as there will be great times ahead.
     
  21. Golden_6

    Golden_6 Premiership Player

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    Sue Clark is our CFO and she has a long list of credentials.
     
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  22. fpcookie

    fpcookie Premiership Player

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    Hard to believe isn't it
     
  23. RedWhite&Blue

    RedWhite&Blue Club Legend

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    With nearly $8million cash in the bank that means we are $20million ahead of the Saints balance sheet.
    There are some smart cookies down at Whitten Oval who caught that premiership wave and are still riding it.
    It's amazing what a premiership and good governance can do for a club.
     
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  24. DelRe

    DelRe Club Legend

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    She’s COO and according to the press release at the time has no prior experience in that role and her experience (at least for the past ten years) is confined to Geelong only taking on the more senior CFO role in 2014 so I don’t think I’d agree with you on the credentials point. She’s also not on the board which was the point I was getting at with Kent. I would think both Clark and Bains would benefit from Kent still being on the board as it doesn’t seem to have that experience currently.

    Clark Kent also seems a natural fit ...
     
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  25. Pugz89

    Pugz89 Norm Smith Medallist

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    We are ahead of them financially, but they are ahead of us with their redevelopment of Moorabbin. Will have spent much more on that already, than what we have for VUWO works which can cause some confusion with the numbers.

    I think they need a really strong season in 2019 though, as their crowds dropped off this year and it meant they didn't actually make much off a re-negotiated deal for Etihad/Marvel Stadium.

    Interesting that Ameet and PG mentioned how important the first month is for on field results in regards to membership and crowds for the rest of the season, hopefully we can start to push up towards an average crowd of 38-40k at Marvel this year which will really tick the numbers over on our balance sheet.
     
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