Money

[praha 11,240]

I just don't believe it...I trust PJ but...I just don't believe it.

[Guest]

We will need to see how he did it praha (I hope he will run through expenditure at the AGM again as he did last year) but he always said we would turn a small profit. He said it at the start of the year and it appears to have come true.
I guess the realization that we were deplorable came much later in the year (take your pick of either the game against the Lions or the Giants) rather than in round 1 so at least some reasonable crowds turned up to our matches.

[Dee Dee 1,126]

Am I meant to be impressed Dee Dee?

because I am not.

Winning games and finals impresses me not snobs in 19th Century blazers.

I do not care how unimpressed you are! I did not post to impress.

I just mention the fact that the MFC blazer is on show in the Blazer Bar not at the lost dogs home - that's all!

(However if you were referring to my aside about the MCC blazer, those who play/played cricket for the MCC are certainly not snobs - it's the official uniform)!

However on topic I reiterate, I am mighty impressed by PJ's work.

[old dee 23,880]

I do not care how unimpressed you are! I did not post to impress.

I just mention the fact that the MFC blazer is on show in the Blazer Bar not at the lost dogs home - that's all!

(However if you were referring to my aside about the MCC blazer, those who play/played cricket for the MCC are certainly not snobs - it's the official uniform)!

However on topic I reiterate, I am mighty impressed by PJ's work.

Yes to the above line and we will retire on the subject of the blazers. I dislike them with rare intensity Dee Dee

[Macca 17,049]

All things considered, that is a fantastic result.

Just imagine the bottom line if we were a finals team with prime time games?

Even a 10 win season would boost the coffers immeasurably.

[gsmith12 491]

Seems to me we are in very good hands administratively.

[Dee Fan 3,247]

I think if you look back at it our game attendances were quite good early in the year.

[DemonFrog 1,356]

Only a true god could have turned a profit in the 2014 season for the MFC

PJ we love you!

[Dr. Gonzo 24,353]

I think if you look back at it our game attendances were quite good early in the year.

Yeah but mostly as the away side.

Our home games included West Coast, Gold Coast, Sydney, Bulldogs, North, GWS, Brisbane (Docklands) with NT games against Freo & Port. Our only real "money" games were Collingwood and Geelong.

[Dee Fan 3,247]

Yeah but mostly as the away side.

Our home games included West Coast, Gold Coast, Sydney, Bulldogs, North, GWS, Brisbane (Docklands) with NT games against Freo & Port. Our only real "money" games were Collingwood and Geelong.

I think we make a fair amount out of the NT games and we had reasonable crowds early on for home games.

[Macca 17,049]

I think we make a fair amount out of the NT games and we had reasonable crowds early on for home games.

The reality is that despite having a diabolical fixture ("another" 7 home games against interstate clubs) we still look like posting a profit.

It's a minor miracle.

[Qwerty30 196]

The devil is always in the detail re profit.

Amongst a number of things PJ has done is that he has cut approx. $ 1.5 to 2mil out of the football administration costs without it adversely impacting the club. Makes you wonder what was happening under Stynes/McLardy and Schwab.

I can recall Schwab was very good at heralding a "small profit" in past years when it was due to the generous donations from supporters rather than a viable business operation.

Jackson is at least steadying the ship.

[praha 11,240]

Yeah but mostly as the away side.

Our home games included West Coast, Gold Coast, Sydney, Bulldogs, North, GWS, Brisbane (Docklands) with NT games against Freo & Port. Our only real "money" games were Collingwood and Geelong.

Break even at the MCG is about 20k, so let's be conservative and say 23k.

v WC: 22K

v GC: 17K

V Syd: 23k

v WB: 36K

V Port: sold home game, profit

V Pies: 68k

V North: 28k

V Freo: sold home game, profit

V Geelong: 36K

V Lions: 18k (Etihad)

V GWS: 17K

So of our 11 home games we've seemingly achieved a profit, in most cases a small one, in 7 of them.

Compare to last year:

2013:

v Port: 22k

V WC: 18K

V GWS: 20K

V GC: 13K (urgh...)

V Hawks: 28K

V Pies: 50K

V Bulldogs: 21K

V Syd: 26K

V Brisbane: Sold home game, profit

V Norf: 18K (Etihad)

V Freo: 13K (urghhh...)

That's 4 games where we've broken a profit, and consider we had one less sold home game, a crowd of 18K less v the Pies, two games of 13K, an Etihad home crowd of 18K.

We've done okay this year considering. Replace the Bulldogs and Sydney home games with Carlton and Richmond/Essendon and it would have been even better.

[drdrake 3,187]

I think even PJ acknowledged the club was in a fairly good place financially last year. I believe the only debt the club carried was for the buying of licenses for our Pokies. There was a hell of a lot of one off payments to staff last year. He did tweak the structure which was needed but we had a good base.

One thing you need CS for is the foundation heros, the cleaned the debt up and gave the club a chance. They did try to stuff it up but thankfully we landed a good administrator to put us back on track.

[Beats 190]

V

You can take pot shots at cam but he Did wipe out 5 mill of our debt, also he Did unite the mfc back with the mcc that give the mfc extra million dollars a year, so in terms of bussiness cam was not that bad, but he Did lose his way, but he had tied all his success on the team improving on field, when that did not happen and when the kangaroo court happened over tanking, where the mfc were the only team investergated and punished

From a financial standpoint Schwab was average to good. The debt that was wiped out was due to the generosity of supporters (and the work of Jimmy), it wasn't genius accounting and administration, it was being good at holding out the tin. His work with the MCC was good and his securing of sponsors was solid (pity the sponsors themselves weren't... energy watch -.-'). Aside from the footy department, he left the club in a reasonable financial position, better than what it was when he got it.

As you say his success was linked to the team improving - they didn't and in the end the administration got too involved with the footy department.

Edited September 15, 2014 by Beats

[Qwerty30 196]

I think even PJ acknowledged the club was in a fairly good place financially last year. I believe the only debt the club carried was for the buying of licenses for our Pokies. There was a hell of a lot of one off payments to staff last year. He did tweak the structure which was needed but we had a good base.

One thing you need CS for is the foundation heros, the cleaned the debt up and gave the club a chance. They did try to stuff it up but thankfully we landed a good administrator to put us back on track.

You would have to be dreaming that MFC were in a good financial position last year given we were cap in hand to pay for poor previous decisions of the past.

And it should be remembered that the Foundation Heroes and not Schwab should receive the credit. It's a pity that the FHs financial generosity was poorly used by Schwab in a bloated and inefficient administration.

[Sir Why You Little 37,195]

I think even PJ acknowledged the club was in a fairly good place financially last year. I believe the only debt the club carried was for the buying of licenses for our Pokies. There was a hell of a lot of one off payments to staff last year. He did tweak the structure which was needed but we had a good base.

One thing you need CS for is the foundation heros, the cleaned the debt up and gave the club a chance. They did try to stuff it up but thankfully we landed a good administrator to put us back on track.

Hahahahahahahahahahahahahah!! You are Joking mate...

CS left this club teetering on the edge of oblivion after he took a 3rd contract and was asked to leave....the debt was at about 5 mill when he left with a playing list in tatters....

[Wormburner 674]

I think even PJ acknowledged the club was in a fairly good place financially last year. I believe the only debt the club carried was for the buying of licenses for our Pokies. There was a hell of a lot of one off payments to staff last year. He did tweak the structure which was needed but we had a good base.

One thing you need CS for is the foundation heros, the cleaned the debt up and gave the club a chance. They did try to stuff it up but thankfully we landed a good administrator to put us back on track.

Is that you Cameron ?

[DemonFrog 1,356]

Is that you Cameron ?

If he starts talking about whiteboards and Wednesdays then it's Cam for sure.

[praha 11,240]

If he starts talking about whiteboards and Wednesdays then it's Cam for sure.