St Kilda - time to get your house in order

[Malifice]

Re-opened.

Dont troll. Im in a bad mood.

 

[TedDougChris]

You sure the Etihad deal is really that bad, not just an excuse?

It was bad for three clubs, it has been revised in the past few years, but that doesn't overcome years of receiving less, having debts as a result - and then interest on those debts.... These things take a little while to turn around

 

[theprospect]

Good timing lol

https://www.foxsports.com.au/afl/st...d/news-story/4f42c61a97313a82f4a96a6ce763a30c

 

[Macpotata]

Saints will play finals this year.


Billings. Look out.

 

[telsor]

Good timing lol

https://www.foxsports.com.au/afl/st...d/news-story/4f42c61a97313a82f4a96a6ce763a30c

$1M over 5 years....well I suppose it's a start.


edit...my mistake..it's ~$1m per year for 5 years.

"it’s believed a partnership like this would be worth close to $1 million per year."

Thanks to nanganator for the correction.

 

[Kwality]

It was bad for three clubs, it has been revised in the past few years, but that doesn't overcome years of receiving less, having debts as a result - and then interest on those debts.... These things take a little while to turn around

Are you acknowledging the current deal is OK, the AFL seems to think so, the clubs have stopped whingeing, yet it gets wheeled out regularly, bit like a Tiges fan sooking over Richo not winning a premiership.

Specific to the Saints:
McLachlan said ... did not include ‘‘capital’’ debt, such as spending on the club’s move back to Moorabbin.

The Saints say that the new Etihad deal will be worth about $2 million per season extra, based on the same attendance figures as last year, and that it will be a game-changer for the club’s financial difficulties.

 

[Engimal v3]

You sure the Etihad deal is really that bad, not just an excuse?

No, the Etihad deal was really that bad.

 

[telsor]

It was bad for three clubs, it has been revised in the past few years, but that doesn't overcome years of receiving less, having debts as a result - and then interest on those debts.... These things take a little while to turn around

Always said that the deal should have been that clubs playing there should get a share in the ownership.

~1000 games would have been required over the full contract so every club gets a 0.1% share per game...Which they can sell to each other (or the league) or keep as an investment.

Clubs would have been pushing each other out of the way to play there....but instead the league collected all the benefits...

 

[Kwality]

These things tend to go in cycles as the institutional memory of the pain caused by them recedes.

South Melbourne got moved to Sydney, Fitzroy got 'merged'....

WA gave up its local comp, so did SA, the VFL cashed in South Melbourne ... the AFL?

 

[Kwality]

Effectively bankrupt.

You made a 'profit' and have positive assets due to one off items...the government grants for Moorabbin and major AFL backing.

Even with that though, your couldn't pay your debts without the AFL underwriting you....check section 1b of the financial report 'going concern'.
There is also the small matter of the almost $4M you owe to the AFL that they're just not getting around to asking for (trade payables).


Memberships and sponsorships being 'up' and at record levels is part of the problem...even with this, your club is pretty much at the bottom when it comes to revenue (you would be at the bottom if it wasn't for almost $9M in government grants). To get on a similar level to all other clubs, you need to take those record levels and double them! That's how far off the pace you are.

yes, but ...
Cant blame fans who are spoon fed that their club is profitable, why should they not believe that line?
Maybe the ACCC should investigate the industry reporing around the AFL.

 

[Kwality]

No, the Etihad deal was really that bad.

So its OK now ?

 

[TedDougChris]

Are you acknowledging the current deal is OK, the AFL seems to think so, the clubs have stopped whingeing, yet it gets wheeled out regularly, bit like a Tiges fan sooking over Richo not winning a premiership.

Specific to the Saints:
McLachlan said ... did not include ‘‘capital’’ debt, such as spending on the club’s move back to Moorabbin.

The Saints say that the new Etihad deal will be worth about $2 million per season extra, based on the same attendance figures as last year, and that it will be a game-changer for the club’s financial difficulties.

I haven't seen it in detail, but I believe so. As others have mentioned, had to exceed 30k supporters at a game or pay Etihad some $$$ under the previous arrangement, but then you get 6 Sunday evening games per year against poor drawing interstate sides and all the money you made from your one home game v Pies/Rich etc is blown...

 

[Kwality]

I haven't seen it in detail, but I believe so. As others have mentioned, had to exceed 30k supporters at a game or pay Etihad some $$$ under the previous arrangement, but then you get 6 Sunday evening games per year against poor drawing interstate sides and all the money you made from your one home game v Pies/Rich etc is blown...

The FIXture is a totally different issue to the time slot, understand its one & the same to you, but clubs that cant pull a crowd need to address that issue, not blame others.

 

[burningdwarf]

Send us to Tassie.

 

[TedDougChris]

The FIXture is a totally different issue to the time slot, understand its one & the same to you, but clubs that cant pull a crowd need to address that issue, not blame others.

Understand your point, but it would be less of an issue (and unrelated to financial discussions) if you then didn't have to pay Etihad every few weeks for the privilege of playing there...

If clubs had made money from the big games, then broke even on the smaller ones for the past decade, we wouldn't be having this discussion.

You could still make a case some clubs need to get their s**t together though...

 

[Engimal v3]

So its OK now ?

I don't know exactly how it is right now, but I'm assuming it's improved since the AFL bought it.

 

[theprospect]

$1M over 5 years....well I suppose it's a start.

$1m per year for 5 years*

 

[Chuckie357]

Why does Port Power have so much debt?

Tarps are expensive and hard to sell on eBay after usage

 

[telsor]

WA gave up its local comp, so did SA, the VFL cashed in South Melbourne ... the AFL?

WA & SA still have their local comps.

The VFL and AFL are the same thing.

 

[telsor]

yes, but ...
Cant blame fans who are spoon fed that their club is profitable, why should they not believe that line?
Maybe the ACCC should investigate the industry reporing around the AFL.

At the end of the day, the club DID make a profit, and anyone who wants to can look at the financial report and see the rest, just like I did.

Nothing is hidden, so there is nothing for the ACCC to investigate.

That fans don't look further than the headline isn't going to change. Just like you, they're allowed to believe things that aren't really true, but make them feel better....I just like rocking the apple cart by bringing facts into it when they (and you) start presenting such things as if they were the case.

 

[telsor]

$1m per year for 5 years*

My mistake. You are correct.

 

[mr bagcroft]

We nearly went to the wall holding on to that stadium, no doubt we have been helped considerably by grants from governments but we held on to the ground and keep putting money into it and now we are reaping the rewards - note we still have debt comparable to the Saints as a result though.

Hey. You take it and run with it. Geelong had great management too with foresight.

 

[mr bagcroft]

Were they really?

In 2004, you lost to Brisbane by 80 in Brisbane, beat Sydney by 51 in Melbourne and lose to Port by six in Adelaide

In 2005, you beat Adelaide by 8 in a low scoring scrap, then lose to Sydney by 31 in Melbourne, with the swans leading at quarter time, half time and full time.

In both years, the saints were a fair bit off the best. 2004 was always going to be either the lions or power, and in 2005 the saints lost to the premiers in Melbourne. I think the non-Victorian sides were just too good.

Well we Did beat Brisbane in round 6 2004 at Etihad in a epic game to be fair.

 

[Demonic Ascent]

Seems a bit unfair the public call out on St Kilda. Wonder if they've had some differences behind the scenes.

Didn't the AFL just get Lethlean a job there?

 

[Ice-Wolf]

Are you acknowledging the current deal is OK, the AFL seems to think so, the clubs have stopped whingeing, yet it gets wheeled out regularly, bit like a Tiges fan sooking over Richo not winning a premiership.

The current deal is the one that starts this year.