The Financials | BigFooty

The Financials

Discussion in 'GWS Giants' started by General Giant, Feb 20, 2018.

  1. General Giant

    General Giant Brownlow Medallist

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    A thread for where and how we can be profitable as well as what we are doing to improve.


    https://www.dailytelegraph.com.au/n...e/news-story/cda975376f4bdc65924992262b54d86a

    AFL team GWS Giants to open day care centres as alternative to gambling revenue

    EXCLUSIVE, Rose Brennan, The Daily Telegraph

    THE Greater Western Sydney Giants are kicking off a family friendly funding approach with the AFL heavyweights launching their own childcare centres as an alternative to the gambling revenue used to sustain other clubs.

    The Daily Telegraph can reveal GWS Giants have partnered with Oxanda Education to run ‘Little Giants’ centres in Auburn and Killara with at least three more in the pipeline.

    GWS Giants’ chief executive David Matthews said the partnership is a “win-win” as it raises funds for the club while supporting fans by providing in-demand quality child care.

    “When this club first started we were very sincere about making sure it was part of the community — we don’t want it just to be a footy club that puts teams out of a weekly basis,” he said.

    “We wanted to make sure that particularly in Western Sydney and broader Sydney we act as part of the fabric of the community. To do this through childcare is a unique opportunity.”

    Mr Matthews said the club chose to open childcares as they did not want to rely on revenue from pokies given the damage gambling can wreak on communities.

    Many AFL clubs, particularly in Victoria, rely on revenue generated from gaming machines.

    “We don’t subscribe to that — we haven’t been in gaming we don’t intend to,” he said.

    “We have noted as a board and as a club the drastic effects that gaming has, we know a lot of sporting clubs are reliant on gaming but it has very negative impacts, at times, on families.”

    “That’s not to say there’s not a balanced approach to that but we think this childcare model is something that is of great community benefit and of great benefit for the club.”

    Man sporting clubs rely on revenue from poker machines but GWS Giants believe day care centres is a “win-win” situation for both sides. Picture: Chris Pavlich

    Mr Matthews said it was hoped the childcare centres would also boost support for the Giants.

    “It’s a great thing for a lot of these families, their engagement with the Giants as a brand will be through the provision of something that’s so important to so many families — which is childcare.”

    In January next year a centre is expected to open at Fern Bay, in the Hunter Region, and at Oran Park, in south west Sydney. In March 2019 another centre is slated to open in St Mary’s, in Western Sydney.

    GWS Giants forward Phoebe McWilliams said she welcomed the club’s move into the childcare sector.

    “It’s good for us to get fans involved with the club at such an early stage in their life, hopefully it’s something that will stick with them for the rest of their life.”

    GWS Giants co-captain Callan Ward said the childcare centre’s reinforced the “community and family culture” of the club, especially in their heartland.

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  2. General Giant

    General Giant Brownlow Medallist

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  3. General Giant

    General Giant Brownlow Medallist

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  4. _GT_

    _GT_ Never Surrender

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    This is a masterstroke. If the business model is strong, provides genuine value to customers and hence profits, then very well done Giants.
     
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  5. Gigantic

    Gigantic Norm Smith Medallist

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    Other clubs need to follow suit. It's good to see our club showing initiative and innovation in regards to generating revenue rather than through the lazy and destructive means of setting up league clubs and pokie machinies.
     
  6. Orange Agent

    Orange Agent Premiership Player

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    This is brilliant on so many levels, if it turns a good profit fantastic but it getting the future wave of supporters in key areas is the real winning part of the deal.
     
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  7. General Giant

    General Giant Brownlow Medallist

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    Though in the footy industry thread it has the AFL contribution at 22 million.


    To think if we pillaged communities with pokies we would probably be in profit.

    Bloody morals.

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  8. Determinant

    Determinant Moderator

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    won't be long and we will be returning solid profit year in year out
     
  9. General Giant

    General Giant Brownlow Medallist

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    You keep hearing the AFL are warning the Suns and Saints but never us.

    Me wonders if that is because they have seen the club's plans to get into profit and believe it will come good.
    Wonder what other plans we have....

    Will be interesting once the 8 Childcare centres are up how we will look.

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  10. captainMyCaptain

    captainMyCaptain Norm Smith Medallist

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    Seems to be up and running

     
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  11. dlanod

    dlanod Moderator

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    The one up our way(ish) has been open for a while. Interesting to see how many places they plan on opening.
     
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  12. Gigantor

    Gigantor Brownlow Medallist

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    It's like 24/7 publicity while, hopefully, running a profitable business. Future giants fans, the only balls available in the playground are little sherrins.
     
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