Debt Demolition Luncheon

[Sir Why You Little 37,046]

Great afternoon, and plenty more cash raised to boot. 2 more foundation heroes unearthed, one of which was Ricky Jackson. Another round of donations was asked for and they did the last man standing thing again. Probably 2/3rds of the room gave another $250, many were still standing at $500, Bails amongst others sat down ay $1000, Schwabby dipped out at $1500 and I think Barass (could be wrong, had a few too many ales). Fantastic effort by everyone! Cheers!

That's just superb. This Debt shall be erased by next season at this rate. And Demon supporters are percieved to have no passion.....INDEED

[Spaghetti 264]

$2,819,704

[DemonDave 1,089]

Am I correct in assuming our debt before the start of this year was $3M, and we're forecasting a loss this year of $2M, making a total debt of $5M, of which some $2.8M has now been wiped off? Leaving us still $2.2M in debt?

[H_T 3,049]

Am I correct in assuming our debt before the start of this year was $3M, and we're forecasting a loss this year of $2M, making a total debt of $5M, of which some $2.8M has now been wiped off? Leaving us still $2.2M in debt?

That is a correct assumption. However with 4 days left. We might get to $3M leaving $2M.

[deanox 9,931]

i think the exact figure was $4.7 mil. so $2.8 mil would leave just under $2 mil debt, and if we crack the $3 mil we will be close to only $1.5 mil.

[H_T 3,049]

i think the exact figure was $4.7 mil. so $2.8 mil would leave just under $2 mil debt, and if we crack the $3 mil we will be close to only $1.5 mil.

Thanks for the accuracy.

$4.7 million. I love it how the media exagerate the figure of $5 Million then. One media outlet will state, "nearly or approx. $5 million in debt", then every report after that says, "a reported $5 million in debt".

<_< Media

[deanox 9,931]

Thanks for the accuracy.

$4.7 million. I love it how the media exagerate the figure of $5 Million then. One media outlet will state, "nearly or approx. $5 million in debt", then every report after that says, "a reported $5 million in debt".

<_< Media

but i suppose that it might not be an accurate figure either, considering it was the total debt plus this years 'expected loss'. if we had a great second half to the year, the loss would not be as great, a particularly poor second half would be even worse...

[DemonDave 1,089]

"but i suppose that it might not be an accurate figure either, considering it was the total debt plus this years 'expected loss'. if we had a great second half to the year, the loss would not be as great, a particularly poor second half would be even worse... "

Given our pretty poor and understandable crowd numbers, you'd expect it to be on the worse rather than better side.

So to put my pessimistic cap on here, lets hope they have plenty of new strategies next year so that we dont lose another $2M. We are without a new major sponsor as yet, and our shorts sponsor (The Age) going through a massive cost-cutting phase. Add to that our list will be even younger next year and thus you'd expect us to be similarly placed on the ladder (thus gate receipts will be affected), its going to be a major uphill battle to get into the black next year.

[Roost It 1,434]

"but i suppose that it might not be an accurate figure either, considering it was the total debt plus this years 'expected loss'. if we had a great second half to the year, the loss would not be as great, a particularly poor second half would be even worse... "

Given our pretty poor and understandable crowd numbers, you'd expect it to be on the worse rather than better side.

So to put my pessimistic cap on here, lets hope they have plenty of new strategies next year so that we dont lose another $2M. We are without a new major sponsor as yet, and our shorts sponsor (The Age) going through a massive cost-cutting phase. Add to that our list will be even younger next year and thus you'd expect us to be similarly placed on the ladder (thus gate receipts will be affected), its going to be a major uphill battle to get into the black next year.

We'll on only be paying 90 - 92.5% of the salary cap instead of 100%. That should save us around $750,000. Add a couple of new sponsors which I'm sure the new admin will attract plus the imminent return of one Joe Gutnick and I'd suggest a modest profit's on the way!

[Lamberto Bava 6]

I'd suggest a modest profit's on the way!

I'd be happy with a 1 dollar profit

[Mousey 47]

Our new CEO CS is on the official mfc site for his speech at the Luncheon!

Very good speech! Makes me more happy about the appointment!

GO DEES

[52k2 0]

If the expected loss at years end was going to be $4.7 million then hopefully the extra members signed on jimmys raising up will mean money off the top plus saving on the full bugeted contract of the outgoing CEO. This could mean the total at $4.5 mil instead, minus the $3 mil raised equals a debt of $1.5 mil minus the extra saved on the reduced salary cap next year. Also the extra money levered out of the AFL PLUS and this will be the measure of the success of the new admin - A top sponser.

With a bit of luck, more mature bodies on the field, good draft picks and less injuries 2009 could see a club turn the corner and things on the up.

ONE TOWN- ONE TEAM- ONE PASSION

[Little Goffy 14,579]

The thing in the media that REALLY bugs me is when they talk about a $5million debt AND expecting to lose $2million this year. the five includes this years anticipated loss of two million, as predicited at the half way point.

By the way, we need 31,500 or so for the Richmond game to bring us up over the Bulldog's home game attendances.

Fixturing pros and cons are unsplitable. And they finished top four. With a burst early.

We ain't in such bad shape, really. I'd hate to be the Bulldogs administration in two years when West, Johnson, Hudson, Welsh, Akermanis, Eagleton and Street are all gone.

How many do you reckon we can get? I guess that should be left to the match threads. Big retirements are a plus for attendence, dead rubber (well, haven't they all been?) a minus. And for some reason I reckon there's a few of us who secretly reckon we're in with a shot on Richmond. Poor buggers might yet miss out on ninth!