Monocle
And the rebuild begins.
- Sep 18, 2003
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- Claremont NE Patriots Eagles AFLW
We must have built our new facilities for free. I was pretty sure we didn't even have that in the bank before taking on that project. I can't get Perkins website to load up the details but from memory that was 20-30Mn
From memory the new facility was to cost 60 million.
Of which 35 million had already been spent in 2018 on the project as reported in last years figures, leaving another 25 million to cough up in 2019 figures.
I thought our reserves at the end of last year were around the 70 million mark
So the remaining 25 million deducted from the 70 would leave 45 million.
We made 10 million in 2019, so with some overspends in the cost of the new facility, then still having 45 million reserves is quite plausible.
It's good to be the Financial King of the AFL.
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