News - Club financials for 2018 season | Page 2 | BigFooty

News Club financials for 2018 season

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

  1. True Dog

    True Dog Club Legend

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    This was us not too long ago, great work from all involved. They cope a lot of heat from many on here but credit where credit is due.
     
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  2. Dazb86

    Dazb86 Brownlow Medallist

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    Amazing we have no debt nowadays.
     
  3. BallaratBulldog

    BallaratBulldog Premium Platinum

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    Exciting times!
     
  4. House_of_Dahl

    House_of_Dahl Premiership Player

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    I really believe we will play finals for 5+ consecutive years starting this year or at worst next. A horrendous injury run the only risk to it.
     
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  5. Bulldog Brent

    Bulldog Brent Club Legend

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    We do have debt but it’s less than how much cash we have in the bank.
     
  6. Mr. Walker

    Mr. Walker Club Legend

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    How much is the debt?
     
  7. DelRe

    DelRe Club Legend

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    There is zero debt in the sense of borrowings. I think BB may be referring to liabilities like trade creditors which there is sufficient cash to repay.
     
  8. Golden_6

    Golden_6 Premiership Player

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    That's exactly right. We have zero bank debt, and only trade creditors which happens to every single significant operating entity.
     
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  9. Woof

    Woof Team Captain

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    Can’t believe how small this thread is given the significance for the club! The board and exec deserve a huge amount of credit. We are truly living in a golden bulldogs era and I have full confidence we will see it back on the field soon.


    On iPhone using BigFooty.com mobile app
     
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  10. maddog37

    maddog37 Premium Platinum

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    Agreed.
     
  11. bobs head soup

    bobs head soup All Australian

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    So in the last few years we have paid millions in debt repayments, an expense we no longer have whilst also building cash reserves of $7 million.

    We are also planning to sell our pokies which presumably will also provide millions of dollars of funds.

    Given the above, if we maintain the rest of our business at current levels we will have massive cash reserves in a year or 2, certainly well over $10million, and no debt

    It's a fantastic position but we are ultimately a non-profit organisation, what do we do with all this wealth?
     

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  12. BrisDog

    BrisDog Club Legend

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    Lobby the new Labor Federal Government to build a boutique 35k capacity Whitten Stadium. The time is right whilst there are both state and federal Labor Governments, including a new PM from down the road.

    And buy a new squat rack and 25kg weight plates for our lists burgeoning quad development.
     
  13. 100action

    100action Norm Smith Medallist

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    I should try do this myself but a comparison of income from investments between clubs would be interesting.
     
  14. TiAn_

    TiAn_ Suspended

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    We’re going to use the funds for to develop WO and the land we’ve been assigned between the oval and Cross Street. Gordon talks about it in the podcast.
     
  15. hoianbulldog

    hoianbulldog Premiership Player

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    That does seem a little odd. You have any info an what specifically was cut or reduced this year?
     
  16. jdz101

    jdz101 Norm Smith Medallist

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    Beats me. They never going into much detail as to the reasoning for individual lines on those reports. There has been a lot of staff turnover though. Could just be an undesired outcome from that.
     
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  17. 100action

    100action Norm Smith Medallist

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    do you know the parcel of land we were given exactly?, i can only find comment on "land south of the oval, cross street and VicTrack land extending to the station.

    Based on the above i deduce the area below:

    [​IMG]
     
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  18. hoianbulldog

    hoianbulldog Premiership Player

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    grass needs some water.
     
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  19. _M_16_

    _M_16_ Club Legend

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    If we ever do up Whitten Oval like Geelong did with theirs, which I doubt because Geelong is far out thus need their own ground, and we have Marvel built for us smaller clubs, so getting government funding will be hard given public rather it be spent on roads and hospitals etc. And the fact it will cost way more to build than Geelong's did as much of the developed area will need to be bulldozed and businesses moved away to make way for slight realignment of the oval, stands, parking, facilities etc.

    Would we keep the current field dimensions, or expand it so its not too small, and that we can have greater capacity?
     
    Last edited: Dec 3, 2018
  20. DelRe

    DelRe Club Legend

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    The club doesn’t have $7M in reserves. At the balance date the club had $7.8M in cash and cash equivalents. $2M was committed to developments and $5.6M was matched by payables. The club really only has $200K available and even then that was a moment in time. The club is in a better financial position than in the past but a long way from being wealthy or even having long term sustainable income.
     
  21. TiAn_

    TiAn_ Suspended

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    I haven’t done any digging to find out, but that’s what I’ve assumed too.

    I’m not sure whether it includes any of the land to the East of the Princes Hwy as well.
     
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