Rumour The St Kilda debt situation - no more tick

Remove this Banner Ad

Status
Not open for further replies.

Paracleet

Emotion is not going to get the job done..
Jun 30, 2011
4,907
8,764
AFL Club
Fremantle
I've now read this entire thread and not one mention has been made of membership income as the appropriate metric of a teams financial muscle.

Who care how many members a club claims to have amongst all the pet, baby and three game deals.

It money and bums on seats that matter.
 

Log in to remove this ad.

Atomboy

Premiership Player
Jan 22, 2007
4,315
5,256
Yes
AFL Club
St Kilda
I've now read this entire thread and not one mention has been made of membership income as the appropriate metric of a teams financial muscle.

Who care how many members a club claims to have amongst all the pet, baby and three game deals.

It money and bums on seats that matter.

Aren’t you aware there are other awards given to BF supporters whose clubs have “the most members” and also “the least debt” ??
 

Engimal v3

https://www.stan.com.au/sport
Sep 21, 2017
9,581
20,279
AFL Club
North Melbourne
Other Teams
Tasmania
The summary of this thread is a select few North fans getting antsy that they might get sent to Tassie. So they're just looking at ways to throw others under the bus.

North's debt in 2007 was $9,000,000 at its worst. St Kilda are $9,000,000 in debt, having previously been at well over $13,000,000.

St Kilda received $4,000,000 of AFL distribution in 2021 more than North, and have received $22,000,000 more than North over the last decade.

Maybe stop sooking for a second and try to realise that criticism of your club isn't a personal vendetta lol

St Kilda are in some financial strife, it's being discussed, and rightly so
 

Freomaniac

Brownlow Medallist
May 3, 2007
28,492
16,071
Parts Unknown
AFL Club
Fremantle
Other Teams
Man City, Valencia, Lazio, Panthers
North's debt in 2007 was $9,000,000 at its worst. St Kilda are $9,000,000 in debt, having previously been at well over $13,000,000.

St Kilda received $4,000,000 of AFL distribution in 2021 more than North, and have received $22,000,000 more than North over the last decade.

Maybe stop sooking for a second and try to realise that criticism of your club isn't a personal vendetta lol

St Kilda are in some financial strife, it's being discussed, and rightly so
Are you saying saints should North Melbourne their way out? LoL
 

#gosaintas

Premiership Player
Nov 11, 2013
4,134
8,210
AFL Club
St Kilda
North's debt in 2007 was $9,000,000 at its worst. St Kilda are $9,000,000 in debt, having previously been at well over $13,000,000.

St Kilda received $4,000,000 of AFL distribution in 2021 more than North, and have received $22,000,000 more than North over the last decade.

Maybe stop sooking for a second and try to realise that criticism of your club isn't a personal vendetta lol

St Kilda are in some financial strife, it's being discussed, and rightly so
You guys are being bailed out by the poor tassie tax payers. That's about to stop. Now you're stuffed with negative growth, no support and a crap team. Jungle drums are rightly beating loudly. Move or fold.
 

EconomicDecline

Senior List
Oct 19, 2017
181
344
AFL Club
St Kilda
North's debt in 2007 was $9,000,000 at its worst. St Kilda are $9,000,000 in debt, having previously been at well over $13,000,000.

St Kilda received $4,000,000 of AFL distribution in 2021 more than North, and have received $22,000,000 more than North over the last decade.

Maybe stop sooking for a second and try to realise that criticism of your club isn't a personal vendetta lol

St Kilda are in some financial strife, it's being discussed, and rightly so
Hit a nerve here. Hope you're a strong swimmer.
 

(Log in to remove this ad.)

Saints43

All Australian
Mar 18, 2010
813
2,109
Kensington
AFL Club
St Kilda
North's debt in 2007 was $9,000,000 at its worst. St Kilda are $9,000,000 in debt, having previously been at well over $13,000,000.

St Kilda received $4,000,000 of AFL distribution in 2021 more than North, and have received $22,000,000 more than North over the last decade.

Maybe stop sooking for a second and try to realise that criticism of your club isn't a personal vendetta lol

St Kilda are in some financial strife, it's being discussed, and rightly so
St Kilda's debt will be repaid in good time and has been guaranteed to the AFL by Andrew Bassat. St Kilda's cash flow services the debt. St Kilda has rebuilt the Moorabbin facility and barely increased the debt.
More importantly for medium term growth they have reinvigorated the playing list, grown commercial arrangements and the club membership.

If you think St Kilda are in financial strife, but North are fine because they have No Debt, then you don't understand finances.
 

Engimal v3

https://www.stan.com.au/sport
Sep 21, 2017
9,581
20,279
AFL Club
North Melbourne
Other Teams
Tasmania
St Kilda's debt will be repaid in good time and has been guaranteed to the AFL by Andrew Bassat. St Kilda's cash flow services the debt. St Kilda has rebuilt the Moorabbin facility and barely increased the debt.
More importantly for medium term growth they have reinvigorated the playing list, grown commercial arrangements and the club membership.

If you think St Kilda are in financial strife, but North are fine because they have No Debt, then you don't understand finances.

If we had 15 years of threads about North's debt, it might not actually be a personal vendetta against St Kilda if there's 1 discussing St Kilda's.

The problem is that every Saints supporter in here has gone down the route of, "oh yeah, well what about your club's issues!" the second the debt is brought up lol
 

EconomicDecline

Senior List
Oct 19, 2017
181
344
AFL Club
St Kilda
If we had 15 years of threads about North's debt, it might not actually be a personal vendetta against St Kilda if there's 1 discussing St Kilda's.

The problem is that every Saints supporter in here has gone down the route of, "oh yeah, well what about your club's issues!" the second the debt is brought up lol

This thread was posted originally by a North supporter, brought back from being dead for 6 months again by a North supporter, and constantly has multiple North supporters whinging and banging on.
 

Engimal v3

https://www.stan.com.au/sport
Sep 21, 2017
9,581
20,279
AFL Club
North Melbourne
Other Teams
Tasmania
This thread was posted originally by a North supporter, brought back from being dead for 6 months again by a North supporter, and constantly has multiple North supporters whinging and banging on.

Yes, threads are usually posted by someone and others participate in it
 

Saints43

All Australian
Mar 18, 2010
813
2,109
Kensington
AFL Club
St Kilda
If we had 15 years of threads about North's debt, it might not actually be a personal vendetta against St Kilda if there's 1 discussing St Kilda's.

The problem is that every Saints supporter in here has gone down the route of, "oh yeah, well what about your club's issues!" the second the debt is brought up lol
But isn't that fair enough? The first post is about St Kilda's status in the competition about to be voted upon by other clubs due to their financial situation.
Obviously it wasn't correct but it would beg the question of 'What does a poor financial situation actually mean? Can you have debt and be a financially stable AFL club? Can you have no debt and be a financially unstable club?"

And, the club that most football followers see as being in a perilous financial situation, due to lack of growth and investment, despite having no debt, is North.
North is used as the example, not because of who the original poster is necessarily, but because their business model looks to be one of contraction, rather than growth.
 

EconomicDecline

Senior List
Oct 19, 2017
181
344
AFL Club
St Kilda
But isn't that fair enough? The first post is about St Kilda's status in the competition about to be voted upon by other clubs due to their financial situation.
Obviously it wasn't correct but it would beg the question of 'What does a poor financial situation actually mean? Can you have debt and be a financially stable AFL club? Can you have no debt and be a financially unstable club?"

And, the club that most football followers see as being in a perilous financial situation, due to lack of growth and investment, despite having no debt, is North.
North is used as the example, not because of who the original poster is necessarily, but because their business model looks to be one of contraction, rather than growth.

Exactly. 79 pages of this and the overarching attempt at framing from the OP to say that the Saints are in dire financial trouble, apparently the worst of all clubs according particular North supporters in here, it seems to always lead back to an incredibly important question from everyone else.

If the Saints are in such a dire situation, why is it every time Tassie is talked about and either moving or consolidation of a team is an option; why, to this very day, is it only ever Norths name that comes out?
 

GeTrain

Team Captain
Aug 22, 2019
327
598
AFL Club
St Kilda
Is anyone commenting in this thread actually qualified in anything relating to finance or accounting?
 

Engimal v3

https://www.stan.com.au/sport
Sep 21, 2017
9,581
20,279
AFL Club
North Melbourne
Other Teams
Tasmania
If the Saints are in such a dire situation, why is it every time Tassie is talked about and either moving or consolidation of a team is an option; why, to this very day, is it only ever Norths name that comes out?

Because the average footy fan has a room temperature IQ
 
Last edited:
Status
Not open for further replies.

Remove this Banner Ad