- Jun 23, 2011
- AFL Club
- Other Teams
- Newcastle United Seattle Seahawks
Quote from PJ and Barlett today is that the pokies are worth $2mil to our bottom line. They're saying, effectively, that we need to grow our income streams by 10%...by 2022.Will be interesting to see if we can keep operating in the black once the $3-$4m annual pokies profit is removed.
Given typically that a business wants to grow by 3% a year to keep up with inflation, that means we're aiming for a growth target of 5% per year. It's big, but it's not unreasonable, particularly given that the bulk of that hit will come in 2022, and we'll have financial incomes from the sale of the Bentleigh club (as we have received from Leighoak).
Not to mention there's the question of what the club will do with the $11mil...could we finally have a dedicated facility on the table?