Just announced - Leigh Oak sold & Bentleigh Club to give up gaming rights.

I often wondered why the Bentleigh Club was never called the Leighbent Club.

Is this good or bad news? That's a lot of revenue that will need to be found else where.

Now we just need Sportsbet to dump the AFL. 

I am against pokies but I am for a strong and stable cashflow for the Club. Makes me concerned  how they will replace the lost revenue

Great news, if North Melbourne can do it then so can we.

Really proud of the club for doing this.

I have seen the down side of Pokey addiction up close and personnel and I would love nothing more than to see the "banning" of all Pokies in our fair state.

 

Go Dee's...............!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  On 04/04/2018 at 01:32, Clint Bizkit said:

Great news, if North Melbourne can do it then so can we.

Really proud of the club for doing this.

And North are thriving off the field. 

Melbourne and Collingwood meeting the AFL right now apparently 

working out the alternatives....

Makes a difference. Great from a social aspect but the obvious question remains - How to we supplement the revenue?

Gaming & Social Revenue                     

• Collingwood – $22,887,477
• Hawthorn –  $19,087,366
• Carlton – $18,825,869
• Brisbane – $15,687,630
• Essendon – $13,351,296
• Melbourne – $11,641,049
• Geelong – $10,537,358
• Richmond – $7,180,170
• Western Bulldogs – $7,061,232
• Port Adelaide – $6,784,180
• St Kilda – $1,934,045
• Gaming Profit
• Collingwood – $6,037,992
• Brisbane – $3,744,228
• Melbourne – $3,720,679
• Carlton – $3,169,884
• Essendon – $2,276,154
• Western Bulldogs – $1,390,994
• Richmond – $942,060
• St Kilda – $616,340
• Port Adelaide – $301,173
• Hawthorn – No costs available
• Geelong – no costs available

Revenue without Gaming

• West Coast – $64,013,222
• Richmond – $57,984,202
• Adelaide – $54,954,790
• Collingwood – $54,848,992
• Essendon – $51,814,111
• Hawthorn – $51,655,098
• Port Adelaide – $51,123,008
• Sydney – $50,837,971
• Fremantle – $49,263,474
• Geelong – $47,266,694
• St Kilda – $46,018,621
• Western Bulldogs – $44,883,240
• GWS – $42,605,892
• Melbourne – $40,347,662
• Carlton – $39,793,007
• North Melbourne – $39,717,822
• Brisbane – $36,372,790

Profit/Loss without Gaming

• St Kilda – $4,651,074
• Essendon – $2,778,032
• Richmond – $2,121,238
• Western Bulldogs – $252,056
• North Melbourne – $242,656
• Sydney – $105,186
• Port Adelaide ($272,562)
• GWS – ($522,896)
• Melbourne – ($2,357,619)
• Carlton – ($2,502,081)
• Brisbane –  ($6,006,218)
• Collingwood ($8,770,616)
• Hawthorn – Not available
• Geelong – not available.

 

Edited April 4, 20187 yr by Eelesie

That's great, but next time the club is broke don't come knocking on my door.

Yet another example of a small minority of people not wanting to take responsibility for their actions and hence the majority who do the right thing and have some self control suffer.

 

Fantastic news ..... whatever you say the continued reliance on this form of revenue is unsustainable from a social responsibility aspect

  On 04/04/2018 at 01:33, Ethan Tremblay said:

And North are thriving off the field. 

They've made profits the last two years from memory.

There are other ways to make money other than gambling.

Excellent news - proud of the MFC to take this stance. Kudos

Perhaps the AFL could give up on the jolly for Port to China and the AFLX to Hongkers.

Would go a long way to making up the short fall across the clubs.

Next challenge is to get off the "teat" of the sports betting agencies.

  On 04/04/2018 at 01:40, Eelesie said:

Makes a difference. Great from a social aspect but the obvious question remains - How to we supplement the revenue?

Gaming & Social Revenue                     

• Collingwood – $22,887,477
• Hawthorn –  $19,087,366
• Carlton – $18,825,869
• Brisbane – $15,687,630
• Essendon – $13,351,296
• Melbourne – $11,641,049
• Geelong – $10,537,358
• Richmond – $7,180,170
• Western Bulldogs – $7,061,232
• Port Adelaide – $6,784,180
• St Kilda – $1,934,045
• Gaming Profit
• Collingwood – $6,037,992
• Brisbane – $3,744,228
• Melbourne – $3,720,679
• Carlton – $3,169,884
• Essendon – $2,276,154
• Western Bulldogs – $1,390,994
• Richmond – $942,060
• St Kilda – $616,340
• Port Adelaide – $301,173
• Hawthorn – No costs available
• Geelong – no costs available

Revenue without Gaming

• West Coast – $64,013,222
• Richmond – $57,984,202
• Adelaide – $54,954,790
• Collingwood – $54,848,992
• Essendon – $51,814,111
• Hawthorn – $51,655,098
• Port Adelaide – $51,123,008
• Sydney – $50,837,971
• Fremantle – $49,263,474
• Geelong – $47,266,694
• St Kilda – $46,018,621
• Western Bulldogs – $44,883,240
• GWS – $42,605,892
• Melbourne – $40,347,662
• Carlton – $39,793,007
• North Melbourne – $39,717,822
• Brisbane – $36,372,790

Profit/Loss without Gaming

• St Kilda – $4,651,074
• Essendon – $2,778,032
• Richmond – $2,121,238
• Western Bulldogs – $252,056
• North Melbourne – $242,656
• Sydney – $105,186
• Port Adelaide ($272,562)
• GWS – ($522,896)
• Melbourne – ($2,357,619)
• Carlton – ($2,502,081)
• Brisbane –  ($6,006,218)
• Collingwood ($8,770,616)
• Hawthorn – Not available
• Geelong – not available.

 

With feel good hugs and the pleasure that comes with knowing we no longer support gambling. Obviously.

Didn't the club go back into debt to finance the purchase of the Pokie licences.  Hope the sale has covered our debt

All well and good but reminds me of that idiot that shut down power stations BEFORE an alternative was in place !!

Need to get this right or bottom line will be shredded. Still...the club seems to have a better handle on the register these days. Hope this goes well.

Not quite so clear cut on reading the email. The Leighoak deal is not done until 31 July and the Bentleigh Cub runs out in August 2022.

So still a few coins to rattle in the tray yet.

  On 04/04/2018 at 02:11, Miles from Nowhere said:

Not quite so clear cut on reading the email. The Leighoak deal is not done until 31 July and the Bentleigh Cub runs out in August 2022.

So still a few coins to rattle in the tray yet.

As ought there be. Get the order of events right. Still a good result in end.

As DrDrake mentions, these will be assets that are sold off, if it means clearing down some debt, or investing money into other ventures that can make the club money then thats the key here. Those numbers are misleading as all they do is say how much of our profit comes from gaming revenue. Can't just say now we don't have pokies therefore we don't have a revenue source.

What the club does with the profits from selling these two assets will be the key.

pre-emptive move - all clubs are preparing for the afl stopping clubs owning pokies licenses, whilst at the same time taking in excess of $10m from crownbet to be official wagering partner, plus all the residuals from the other gambling companies

the afl hypocritical? well, i never...

  On 04/04/2018 at 01:43, poita said:

Yet another example of a small minority of people not wanting to take responsibility for their actions and hence the majority who do the right thing and have some self control suffer.

 

Please, what benefit to society do pokies bring?

Jackson is a very smart operator as we know. I am 100% sure that he already has some revenue supplements lined up to replace pokies. 

There will be more sponsorship opportunities as a result, from “socially responsible” companies who wouldn’t sponsor clubs at the moment due to their involvement in gambling. 

Good on the club.