think we need to set up a Tea House

Мне нравится это

in all seriousness I almost applaud that rotten place for its determination to stay afloat. It must be so much in the red that black cant ever be seen as a point of destination lol

I been looking into the Club 2013 financial statements.

It not a great time for the Club as its spent most of its cash on paying for the new High Performance Centre.

They had to take out a $5 million dollar loan which had specific finance obligations on the Club to pay for the new facility.

The Club had current assets of $6,8 million with current liabilities of $13.3 million. This would indicate the Club has a significant cash flow issue. But there was a comment made in the financial report that the Club expects to be able to roll over the $5 million dollar loan until its paid off. Not sure what that means at this point but the current ratio is of concern even if you remove the loan from this calculation.

It appears that the $1.6 million non current liability must be the unpaid amount of the $2 million dollar fine from the AFL. This would indicate the Club will not be paying the AFL the unpaid amount of their fine within the next 12 months.

No real detail is given on the Statement of Comprehensive Income (Income Statement) but if you remove abnormal income related item the 2 million dollar profit becomes a 3 million dollar loss.

The club does have significant land and building assets which could be sold if needed.

This Club should not get any financial support of the AFL and should be required to pay the outstanding fine as they have the financial resource to do so. Which will require the Club to have higher debt levels.

What is the abnormal income relating to, DF?

good work DF.

certainly should the EFC have a large amount of players suspended etc etc or end up deeply in debt they certainly should not get any help from the AFL, be it financial or in the form of draft concessions or the like.

this is a hole of their own making - and they have only dug it deeper in the last 2 years.

What is the abnormal income relating to, DF?

If I remember correctly it was for the High Performance Centre e.g Donations etc.

Edited October 7, 201411 yr by DemonFrog

This brief clip I found, is how I see the whole Methendon Saga starting!

ps Sealab is awesome funny!

https://www.youtube.com/watch?v=w5cTIJty54Q

Hahaha what a classic video.

I am suprised Windy Pill have any sponsors left on their books.

Essendon is also insisting it will not trade Jason Winderlich or allow him to leave the club as a free agent by releasing him from his contract for 2015, despite his desire to join Richmond.

Winderlich triggered a contract extension at the end of the season, which he originally planned to walk away from by retiring. The contract means he is currently bound to the Bombers, who want him to play on with them next year.

Richmond believes the deal offered to Winderlich would see Essendon compensated with a draft pick should it release him and let him walk to the Tigers as an unrestricted free agent.

That might appeal to Essendon given the club will otherwise lose Winderlich to retirement and receive nothing.

http://www.theage.com.au/afl/port-adelaide-looks-at-legal-option-over-ryder-20141007-10rkf4.html#ixzz3FTNMMwuN

It's staggering the level of stupidity at all levels of this farcical club. He's either staying retired or playing with another club. This leaves you with two options:

A. Let him move to another club and get a free compensation pick, potentially ~38.

or B. Refuse to let him move to another club, so he stays retired and you receive nothing at all.

Geez, hard choice that one. Naturally, they've chosen option B.

WESTERN Bulldogs forward Stewart Crameri has broken ranks with the Essendon 34 and hired top criminal lawyer Rob Stary to lead his defence against doping allegations.

Stewart Crameri breaks ranks from 34 current, past Essendon players, hires top lawyer

The "Essendon 34" oh ffs give me break. Mike Warner what a tool bag. 0/413 at drinks on day 2 Mike you goose.

This one for the Golden Hair Boy of Windy Pill

how flat did he sound in that video that was on the clubs website yesterday? Pointless doing it.

бомбардировщики трахал

los bombarderos están jodidos

de bommenwerpers worden geneukt

the ekuhlaseleni basuke Kamasutra

Edited October 8, 201411 yr by ManDee

Может все с помощью Google Translate пожалуйста, прекратите ради трахает or in other words just cut and paste this ' ебать ' for emphasis, however I much prefer vittusaatana (spoken phonetically) - anyway who really can pronounce anything written in the cyrillic alphabet. vittusaatana is also much more appropriate for the MFC anyway and I really laugh every time my wife says it.

another day and another player wants out of the hangar.

Ryder

Winderlich

Kavanagh

Hardingham

another day and another player wants out of the hangar.

Ryder

Winderlich

Kavanagh

Hardingham

They got to keep Hird as coach as this is priceless!

Between bans, lack of recruiting options and players leaving 2015 looks interesting.

I bet every draftee tanked their interview in combine week when it was the Bombers turn. Yikes.

Read a snippet that Kristian Jaksch has literally refused to talk to the bombers who showed interest in him.

Very plausible. I have had a few dealings with Kristian - and know him as someone who speaks his mind.

Seriously why would a young player who wants to settle into a footy club want to go anywhere near Essendon. Who's going to be coach? Who's going to be captain? What story are they going to spin you?

What about a young kid and his parents sweating on the draft? What would you fear most - an invitation to leave home for the joys of Western Sydney or a daily trip down the Tullamarine Freeway behind a convoy of lawyers?

Ready or not - I guess you might be a 'shoo in' to make your debut in Round 1 2015!!

another day and another player wants out of the hangar.

Ryder

Winderlich

Kavanagh

Hardingham

Plus Howlett said he'd leave if Hird does.

mmmmmm delicious.

Plus Howlett said he'd leave if Hird does.

mmmmmm delicious.

So far as I am aware he is the only one to back Hird to this extreme. No great loss for them. OK player but no star. Not exactly twisting the clubs arm.

So far as I am aware he is the only one to back Hird to this extreme. No great loss for them. OK player but no star. Not exactly twisting the clubs arm.

Yeah but it's another crack in the dam, they add up

Also I find it amusing that Bomberblitz have named their trading forum "Essendon is Not Appealing".

At least someone over there has a good sense of humour.

This whole beautiful sordid tale is becoming very similar to a 70's Disaster Movie.

Only Charlton Heston can save this wreck from total obliteration

Airport '75 is a marvellous sit com!!

Crameri has hired his own defence lawyer to fight the show cause notices.

http://wwos.ninemsn.com.au/article.aspx?id=8916614

It's really falling apart now.

James "Icarus" Hird has only one way to go.