MCC incorporation

[Hazyshadeofgrinter 80]

I read this article in today's age. I'm starting to think that MCC incorporation might be the only viable option for an ongoing MFC in Melbourne. I wonder if the new board are seriously considering it for when the tin rattle money runs out. They wouldn't get any arguement from me on this score.

Thoughts?

[Mono 454]

I read this article in today's age. I'm starting to think that MCC incorporation might be the only viable option for an ongoing MFC in Melbourne. I wonder if the new board are seriously considering it for when the tin rattle money runs out. They wouldn't get any arguement from me on this score.

Thoughts?

Anyone know anything of the split in the 80's?

The concept looks good, and would certainly ensure the clubs future. But, why the earlier split. What's different now?

[John Dee 439]

Funnily enough, I can see wheels within wheels here. The MCG and the MCC and the MCC affiliated clubs are fully deserving of National Trust listing. Those of us here would argue that the MFC is also worthy. I doubt that the National Trust would like to be seen to do anything that could be regarded as parochial and list MFC seperately, but if we were back under the umbrella of the MCC, the National Trust wouldn't have the problem of a seperate listing.

[Demons 32 235]

As an MCC and a MFC member I would be happy to see this happen.

[H_T 2,941]

Definitely an option worthy of exploring for the MFC.

[Rflowerwing 0]

I read this article in today's age. I'm starting to think that MCC incorporation might be the only viable option for an ongoing MFC in Melbourne. I wonder if the new board are seriously considering it for when the tin rattle money runs out. They wouldn't get any arguement from me on this score.

Thoughts?

You're on the money here Hazy.

Let's look at it from the perspective of business fundamentals.

This year the MFC has budgeted revenues of $29.7 million and will incur a projected operating loss of $2 million ending the year with negative net assets of $5 million. In contrast last year Collingwood's revenues were $54.6 million. We have to compete with a competitor who earns nearly $500k a week more than us. The gap between the haves and the have nots widens each year.

MFC Football Dept expenditure this year will be in the order of $13.5 million. That is, if the MCC were to field a team resourced similarly to the current Melbourne Football Department (and did not have to support overheads like corporate, functions, membership, administration etc) it would cost the MCC $13.5 million. Revenue in the form of AFL Club dividends, gate, major sponsorship and "seasons ticket sales" (to former MFC members) should ensure a tidy profit to the MCC on its football operations.

Then we have the MCC itself. In the recent MCC annual report for 2007-08 the MCC booked total revenues of $115 million, profit of $11.2 million and has net assets of $211 million.

Sort of puts our financial woes into some sort of perspective, doesn't it? Our "crippling" debt of $5 million and operating loss of $2 million is tea money when compared with the financial health and scale of the MCC.

The fact is that if we can successfully "phone a friend" or as someone else said turn up back on the parents' doorstep and ask for our bedroom back, the MCC could run a profitable football franchise called the Melbourne Football Club whose viability would forever be ensured and which could be resourced at a level equivalent to the powerhouse clubs of the competition.

[rusty_kingswood 0]

Thought it was funny that Jim has decided to give Jo a call.

Only difference is this time that Jo is broke!!