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ME Bank Monetary Value

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SleepingGiant said:
Someone tell the value ffs.
Click to expand...

I doubt it has, or will, be released...but lets look conservatively at RFCO's comment of 'millions' over 5 years...that would be ~$400k/year ( 2 million/5 ) give or take.

Regardless, it's money we didn't have before ( the old training facility didn't have a naming rights sponsor, so this is entirely new money).

There would also probably be some contra deals and perks that can't really be valued clearly...ME gets players at some function(s), ME gives us a good deal on some refinancing we need to do, free financial advisors for players, and the like which are hard to put a real value on.

But ultimately, the question is...Do you trust management to have done the best job they could? because really, it doesn't matter if it's $400K/year, or $4million/year, if it's the best deal we could get, then it's the best deal we could get.
 
telsor said:
I doubt it has, or will, be released...but lets look conservatively at RFCO's comment of 'millions' over 5 years...that would be ~$400k/year ( 2 million/5 ) give or take.

Regardless, it's money we didn't have before ( the old training facility didn't have a naming rights sponsor, so this is entirely new money).

There would also probably be some contra deals and perks that can't really be valued clearly...ME gets players at some function(s), ME gives us a good deal on some refinancing we need to do, free financial advisors for players, and the like which are hard to put a real value on.

But ultimately, the question is...Do you trust management to have done the best job they could? because really, it doesn't matter if it's $400K/year, or $4million/year, if it's the best deal we could get, then it's the best deal we could get.
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interesting logic there dude...;)
 
Bojangles17 said:
lets put it this way, think 7 figures..which is 7 figures more than we used to get for the sponsorship of Punt rd. well done to the team involved:thumbsu:
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Whilst it's great we gained this new sponsorship, not to be a glass half empty type of bloke but let's keep perspective here and remember management allowed us to lose the Royal Oak so there is a shortfall there that must be considered when factoring in our future fortune.

(and no, I'm not blindly criticizing the club and no, don't just blame it on Mathieson, we allowed ourselves to be at the whim of a lease without renegotiation or future planning)
 
Tiger_Stripes said:
Whilst it's great we gained this new sponsorship, not to be a glass half empty type of bloke but let's keep perspective here and remember management allowed us to lose the Royal Oak so there is a shortfall there that must be considered when factoring in our future fortune.

(and no, I'm not blindly criticizing the club and no, don't just blame it on Mathieson, we allowed ourselves to be at the whim of a lease without renegotiation or future planning)
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And if the owners refused to renegotiate a new lease or lease extension, what would you suggest should have been done?
 
tigerwill said:
[/B]

And if the owners refused to renegotiate a new lease or lease extension, what would you suggest should have been done?
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That falls under future planning. We know Mathieson pulled the rug from under us by refusing to renegotiate however, looking back, (like I said, not critically, just with interest), we allowed ourselves to get to a point where the lease could be stripped and no alternative was in place.

Edit: an example to show what I mean:

If you have a lease on a house that you live in and the term is expiring, will you leave the contract renegotation to the last couple months and/or would you have another place potentially lined up?
 
Given we're still getting the revenue from the Royal and the Mathieson lease taking is in administration, maybe all the facts should get discussed not just selective ones.

Who know's what negotiations took place ? Who's disputing the Mathieson leasehold ? The RFC ?
 

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Tiger_Stripes said:
That falls under future planning. We know Mathieson pulled the rug from under us by refusing to renegotiate however, looking back, (like I said, not critically, just with interest), we allowed ourselves to get to a point where the lease could be stripped and no alternative was in place.

Edit: an example to show what I mean:

If you have a lease on a house that you live in and the term is expiring, will you leave the contract renegotation to the last couple months and/or would you have another place potentially lined up?
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I think your example doesn't really compare Stripes. It's a whole lot easier to get another house than acquire a profitable pub lease with pokies etc.without paying overs.
I guess we could have taken over collingwood's hotels. Except they're bleeding money.

I think I know what you're saying though. And I believe that's why the club is looking at other revenue streams. They probably won't come out and announce their plans in public, for obvious reasons. But may announce it once it's done. Just have to wait and see.
 
HKTiger said:
Given we're still getting the revenue from the Royal and the Mathieson lease taking is in administration, maybe all the facts should get discussed not just selective ones.

Who know's what negotiations took place ? Who's disputing the Mathieson leasehold ? The RFC ?
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Fair enough, I discussed what I knew, none of us truly know the full extent like you say, just a shame that we lose the revenue source.

tigerwill said:
I think your example doesn't really compare Stripes. It's a whole lot easier to get another house than acquire a profitable pub lease with pokies etc.without paying overs.
I guess we could have taken over collingwood's hotels. Except they're bleeding money.

I think I know what you're saying though. And I believe that's why the club is looking at other revenue streams. They probably won't come out and announce their plans in public, for obvious reasons. But may announce it once it's done. Just have to wait and see.
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Agree with you, all I was saying was, as above, a shame we lose the revenue source but, like you said, most likely we're lining up other things presently, the board has conducted itself well recently so I'm willing to back them, we'll see.
 
Gale said earlier this year the club had been working for 18-24 months on the pokies issue, so they were hardly sitting on their backside getting broadsided.

Ownership of machines is quite complex, as the Saints found out. When the Saints were initially looking to redevelop Moorabin, the council would only approve it if they signed off on an arrangement that would potentially allow the council to reduce the number of machines permitted at the complex.

Off memory the club also increased the number of machines in directly owns in the recent govt auction
 

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