General MFC Discussion 2.0

[PerfectFooty]

When you say Collingwood made a loss sure, but they also own the holden Centre and have a state of the art training facility. We own nothing

They also made that investment when they where successful.

We made a long term commitment to shove ourselves into junction oval for a 30 year contract. Which even at the time is an absurd contract to sign

 

[DeesFanTheMan]

More cash in ciggies (cigarettes) than cigars

We’ll come out with a pack of winfield 14mg cigarettes (half way between blue 12mg and red 16mg) and call them winni “blue and reds”

You should be the MFC product manager, this is genius.

 

[harry000]

How significant is the revenue from pokies as in percentage of overall revenue? Is there some sort of annual report with that info available?

 

[PerfectFooty]

How significant is the revenue from pokies as in percentage of overall revenue? Is there some sort of annual report with that info available?

The annual reports are on the club website, should be able to find the last few years there

 

[Jordie_tackles]

There is a fine line betweening making a big profit and losing cash on childcare facilities.



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Look I'm not an expert on childcare but I know the facilities themselves cost ALOT which indicates there is money being made somewhere in them.

 

[PerfectFooty]

Look I'm not an expert on childcare but I know the facilities themselves cost ALOT which indicates there is money being made somewhere in them.

I'd assume the AFL would be behind GWS seeings how they probably can't make a sustainable profit from gate takings

 

[harry000]

The annual reports are on the club website, should be able to find the last few years there

Im not completely educated in the reading of annual reports but I'm reading its as:

Social and gaming revenue $11,641,049
Social and gaming expenses ($7,920,370)
Payments for gaming entitlements ($552,882)
State Gaming tax ($170,492)

Profits from social and Gaming: $2,997,305

However, I cant see a breakdown for the gaming machines alone it is all bundled into "social and gaming".

If I assumed 75% of profit came from gaming that would make it $2,247,978 profit.

There were two major venues, Leighoak Club and Bentleigh Club. Assuming they account for 50% each (similar numbers of pokie machines) that would be $1,123,989 each.

The total MFC operating profit for 2017 was $1,363,060.

Bentleigh Club will continue to operate until 2022 by my understanding? And Leighoak Club has ceased immediately.

So total 2017 profit minus Leigh oak Club gaming profit is $1,363,060 minus $1,123,989.

That is still a profit of $239,071.

I know there are a lot of assumptions there. But if they are close to correct the club should be fine without the pokies from Leighoak club and has until 2022 to come up with a way to replace Bentleigh Club revenue. Hopefully, a premiership in that period should help

 

[Gysberts2Bate]

When you say Collingwood made a loss sure, but they also own the holden Centre and have a state of the art training facility. We own nothing

 

[blitznu]

“Last season, Lever led the competition for intercept possessions and intercept marks — but lost 37 per cent of his one-on-one contests, the fourth-worst loss rate of the top-50 players for contests, according to Champion Data.”

So.. ranked #46 in the comp for contests, and #1 for intercept possessions and #1 for intercept marks.

Sounds pretty good to me.

47 quick maths
ranked 47th out of 50 for amount of contests he was in is ****ing shite any way you coat it. need to play him where he is number 1 at not make rest of defenders try cover him it's dragging down Hibberds attack and Jettas set up. hopefully its just time needed to gel.

 

[Sellout Scully]

At first I was happy when I heard about us ditching the pokies.

Then a few things started to hit me

1: How does this look to the rest of the AFL that we can afford to ditch our pokies when not so long ago we were pleading for money just to survive as a club?
2: The number one objective of any club is onfield success. Selling games to Darwin and NT hinders this success greatly, and removing the pokies to me indicates we will extend of our deal with the NT as a means of making money. Honestly I would support the club if it made it's revenue off cocaine and selling arms if it meant we didn't have to sell anymore home games to the NT.

Maybe the club have something lined up that will be announced later, who knows. I have faith in Action Jackson, but will he still be around in 2022 when the deal finishes up and we need an alternate revenue?

 

[schmuttt]

At first I was happy when I heard about us ditching the pokies.

Then a few things started to hit me

1: How does this look to the rest of the AFL that we can afford to ditch our pokies when not so long ago we were pleading for money just to survive as a club?
2: The number one objective of any club is onfield success. Selling games to Darwin and NT hinders this success greatly, and removing the pokies to me indicates we will extend of our deal with the NT as a means of making money. Honestly I would support the club if it made it's revenue off cocaine and selling arms if it meant we didn't have to sell anymore home games to the NT.

Maybe the club have something lined up that will be announced later, who knows. I have faith in Action Jackson, but will he still be around in 2022 when the deal finishes up and we need an alternate revenue?

Probably has something to do with the fact we signed both Zurich and INFINITI. Agree the NT deal will unfortunately continue, I’m just hoping on field success translates to enough revenue to ditch NT altogether.

 

[Toump Ass]

Like it or not people expect big business' to be socially responsible. Look at all the shit Collingwood does- programs and trusts and empty gestures everywhere. And they roll in corporate dollars like no one else. Eddie's not throwing money at homeless shelters and rehab centres out of the goodness of his own heart.

No doubt the club has done a cost-benefit analysis and found that ditching the pokies makes it more desirable for sponsorship dollars.

At least I hope that's the case.

 

[Gysberts2Bate]

At first I was happy when I heard about us ditching the pokies.

Then a few things started to hit me

1: How does this look to the rest of the AFL that we can afford to ditch our pokies when not so long ago we were pleading for money just to survive as a club?
2: The number one objective of any club is onfield success. Selling games to Darwin and NT hinders this success greatly, and removing the pokies to me indicates we will extend of our deal with the NT as a means of making money. Honestly I would support the club if it made it's revenue off cocaine and selling arms if it meant we didn't have to sell anymore home games to the NT.

Maybe the club have something lined up that will be announced later, who knows. I have faith in Action Jackson, but will he still be around in 2022 when the deal finishes up and we need an alternate revenue?

Our prior financial position is irrelevant. We’re in a good place now and obviously they expect that even without pokies we won’t need an afl handout again. If we have to play in NT, so be it. If we’re relying on pokies to improve our fixture and results rather than trying to improve our business model, we’re on a slippery slope

 

[Proper Gander]

How ******* good is the news that we're getting out of pokies!!

It’s bloody great.

 

[Toump Ass]

At first I was happy when I heard about us ditching the pokies.

Then a few things started to hit me

1: How does this look to the rest of the AFL that we can afford to ditch our pokies when not so long ago we were pleading for money just to survive as a club?
2: The number one objective of any club is onfield success. Selling games to Darwin and NT hinders this success greatly, and removing the pokies to me indicates we will extend of our deal with the NT as a means of making money. Honestly I would support the club if it made it's revenue off cocaine and selling arms if it meant we didn't have to sell anymore home games to the NT.

Maybe the club have something lined up that will be announced later, who knows. I have faith in Action Jackson, but will he still be around in 2022 when the deal finishes up and we need an alternate revenue?

1: It looks like we've done a great job in turning around our fortunes and therefore justifies the money provisioned to us by the AFL (for Paul Roos etc.).
2: The main issue I have w/ selling games is the 6 day breaks scheduled around the travel. If we were good enough it wouldn't be a problem.

 

[Blackas87]

I wonder how much our NT games cost us that tiny % missing out on finals

 

[ferball]

Your club did a great think getting rid of pokies.

Well done.

See ya's on the weekend.

 

[Gysberts2Bate]

I wonder how much our NT games cost us that tiny % missing out on finals

Probably not as much as our errant set shots v Geelong. Didn’t even need to win, just needed to kick two more goals.

 

[Bluelegs]

$11m made from the gambling exit. Could make for a fair deposit on the development of a new Training facility

 

[autocol]

Just a note about clubs recording profits/losses each year.

As non-profit organisations, they literally can't record a profit year after year after year. That's the whole point of a non-profit organisation. With rare exception, clubs record annual profits/losses of within a percent or two of their overall operating budget. A loss of 5% of annual budget in a calendar year is considered an absolute disaster.

So when you say "Collingwood lost money in year X", it would be more accurate to say "having spent a metric arseload of money on literally anything they could think of, including champagne to flush the toilet and gold leaf nailpolish for their director's pets, Collingwood have managed to engineer an on-paper loss to satisfy the Australian Tax Office, whilst their executives continue to enjoy the largesse of operating a multi-million dollar business as their personal plaything".

There is no shortage of cash in the AFL system. They're absolutely drowning in it. That our club has finally followed the lead of the Kangas (and others) and taken away an unnecessary revenue stream which is viewed in a very dim light by a large and growing percentage of the population (and for good reason, it's an industry motivated by soulless greed) is a very good move (and not a moment too soon).

 

[Big Crow]

Well done MFC on getting rid of the pokies. Excellent stuff, and should be a proud moment for Dees supporters.

All the best this week against the Kangas.

 

[Gysberts2Bate]

Just a note about clubs recording profits/losses each year.

As non-profit organisations, they literally can't record a profit year after year after year. That's the whole point of a non-profit organisation. With rare exception, clubs record annual profits/losses of within a percent or two of their overall operating budget. A loss of 5% of annual budget in a calendar year is considered an absolute disaster.

So when you say "Collingwood lost money in year X", it would be more accurate to say "having spent a metric arseload of money on literally anything they could think of, including champagne to flush the toilet and gold leaf nailpolish for their director's pets, Collingwood have managed to engineer an on-paper loss to satisfy the Australian Tax Office, whilst their executives continue to enjoy the largesse of operating a multi-million dollar business as their personal plaything".

There is no shortage of cash in the AFL system. They're absolutely drowning in it. That our club has finally followed the lead of the Kangas (and others) and taken away an unnecessary revenue stream which is viewed in a very dim light by a large and growing percentage of the population (and for good reason, it's an industry motivated by soulless greed) is a very good move (and not a moment too soon).

This is an outstanding post. Put it on the main board please

 

[Topkent]

Pokies are a negative on society! Now let's all celebrate by getting drunk with some club sellable alcohol!

 

[Farm Boy]

Like it or not people expect big business' to be socially responsible.

That's it. And its good that clubs are taking it upon themselves and holding themselves to a higher standard than the AFL holds itself to. North set a precedent and its good to see the Dees follow suit. Both will be on the right side of history. The AFL on the other hand, won't be on the right side of history. If they aren't covering up drug sagas, or lecturing the public on how to behave, they are pushing alcohol and gambling onto the consumers. Terrible organisation. Good on Melbourne for going in the other direction. I respect that. Hope my club follows suit. The challenge will be to find other avenues to turn a profit, but it is a good challenge to have.

 

[00Stinger]

Just a note about clubs recording profits/losses each year.

As non-profit organisations, they literally can't record a profit year after year after year. That's the whole point of a non-profit organisation. With rare exception, clubs record annual profits/losses of within a percent or two of their overall operating budget. A loss of 5% of annual budget in a calendar year is considered an absolute disaster.

I'm sorry but that is incorrect.

A non-profit can make a profit year after year.

The whole point of a non-profit is that the profits are absorbed back into the entity rather than being collected by owners or share holders.

As long as the entity is operating for purpose and not profit or gain it can be considered non-profit

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