Jump to content

  • Podcast: Draft Wrap Up w/Jason Taylor  

Sign in to follow this  
Demonland

2019 Financial Hit

Recommended Posts

Is this what actually constitutes a story these days? Three or four unrelated facts cobbled together under the headline of an unspecified current year financial loss. At this rate my thirty free monthly online articles will be gone in no time. 

  • Haha 1

Share this post


Link to post
Share on other sites
9 minutes ago, demonstone said:

Let the cobblers cobble?

Anyone serving up this load of cobblers deserves the boot. 

  • Like 1
  • Haha 3

Share this post


Link to post
Share on other sites

No mention of walking away from pokies revenues, which I think the club should actually be applauded for. Its a bit like climate change - do nothing and you’re part of the problem.  
 

This year I’m hoping better performances and improved crowd numbers, coupled with both QB and Anzac eve which will help.

Hopefully our membership numbers don’t take too much of a hit, especially given my belief the board were a bit disingenuous last year with their knowledge of injuries in the preseason and no comms tempering expectations.

  • Like 3

Share this post


Link to post
Share on other sites

nothing new in that article at all 

Share this post


Link to post
Share on other sites

We can't make too many assumptions until we see the actual accounts, but the statement about the loss being covered by "cash reserves" is something to keep an eye on. 

Since we sold Leighoak, I assume that is the money in those "cash reserves". 

Would the profit from not selling Leighoak have produced the same outcome in 2019?  Let's see.....

Share this post


Link to post
Share on other sites
31 minutes ago, george_on_the_outer said:

We can't make too many assumptions until we see the actual accounts, but the statement about the loss being covered by "cash reserves" is something to keep an eye on. 

Since we sold Leighoak, I assume that is the money in those "cash reserves". 

Would the profit from not selling Leighoak have produced the same outcome in 2019?  Let's see.....

Yes, interesting...

Share this post


Link to post
Share on other sites

New season comming very soon, so we can put this behined us, and never have to read, or speak of 2019 again.

It's time to look forward to 2020🙂

Share this post


Link to post
Share on other sites

54 minutes ago, george_on_the_outer said:

We can't make too many assumptions until we see the actual accounts, but the statement about the loss being covered by "cash reserves" is something to keep an eye on. 

Since we sold Leighoak, I assume that is the money in those "cash reserves". 

Would the profit from not selling Leighoak have produced the same outcome in 2019?  Let's see.....

The business mantra since around 1980 is that companies should not own real estate as they should stick to their core business.

Of course most would have made more money by simply holding onto their real estate but you can see the argument.

Is the argument any different for a football club... perhaps

 

Share this post


Link to post
Share on other sites

I thought we sold Leighoak for ethical reasons.  Companies do not own properties because it is a poor use of capital and like said not core business; there are tax advantages to leasing I believe.

Furthermore a company with too many assests opens itself up to vulture takeover from likes of Bond/Elliott/HolmesaCourt.

Anyway it is MFC policy not to make a profit otherwise AFL will turn off life support?

 

Share this post


Link to post
Share on other sites

Why/how it was orchestrated to see our two main games (ANZAC Eve and QBD) to be a rotation of all or nothing eery two years is a just terrible management on someone's behalf.

We have two options;

1. Arrange it so we get it that we host one of the marquee games each year (which could mean splitting profits for the next couple of years to make it work)

2. Leave it as is, but look at our P&L over a 2-year period instead

Option 2 is most likely easier, but will not stop the media (and MFCSS sufferers) from reporting the "away" year.  Option 1 would please more people.

Pretty easy fix for Mr Pert I would imagine, especially if they were caring too much about it.

Share this post


Link to post
Share on other sites
24 minutes ago, The Chazz said:

Why/how it was orchestrated to see our two main games (ANZAC Eve and QBD) to be a rotation of all or nothing eery two years is a just terrible management on someone's behalf.

 

I thought it would've been wise to have Collingwood host QBD again in 2020. That way in 2021 going forward we'd always have 1 home marquee game per year.

With respect to the loss, we missed a massive opportunity to draw big crowds in our August MCG home games against Richmond (sat night), Collingwood (sat arvo) and Sydney (fri night). The club would've budgeted for an accumulated crowd of 150,000, but got a pathetic 90,000.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Social Media

  • Match Previews, Reports & Articles

    THE YEAR THE SKY FELL by The Oracle

    After a number of years of linear movement up the ladder, the Melbourne Football Club unexpectedly went into serious decline in 2019, slumping from fourth to 17th in a season that coach Simon Goodwin described “a complete wipe-out”. Those around the club who tried to analyse the apocalyptic events that unfolded during the year were hard pressed to find a single reason for the debacle but the most plausible explanation was that the club’s troubles stemmed from a lack of fitness and injuries that

    Demonland
    Demonland |
    Special Features

    BACK IN STYLE by Whispering Jack

    From the moment when the Elton John character in the movie “Rocketman” burst into its opening scene dressed as a flamboyant demon on his way to an addiction rehabilitation session, the game was on. Here was yet another film about a person gifted with a meteoric rise to stardom finding coke, booze and a hedonistic lifestyle that led directly to a destructive crash into the abyss. Ultimately, these stories end in total disaster (“A Star is Born”, “Bohemian Rhapsody”, “Judy”) but this one resulted

    Demonland
    Demonland |
    Special Features

    THE TRADING CHRONICLES 2019

    PART ONE - OVERTURE  I have a disclaimer at the outset. I’m not a fan of the races - be they horses or motors of any kind. Once the final siren sounds on the football season, I find the month or so that follows and corresponds roughly with the Spring Racing Carnival to be the most boring time of the year for sports fans. You turn on the radio and you’re confronted by the monotonous drone of a self-proclaimed racing expert or by the nasally twang of an ex-jockey banging on about the equine p

    Demonland
    Demonland |
    Special Features 8

    CHANGES 2019 by The Oracle

    PART 1 - IT’S A LITTLE MORE COMPLICATED THIS TIME This year’s free agency, trade and draft period will see the usual drama and upheaval as the AFL’s 18 clubs seek to better their lists in order to challenge for finals and possibly premiership honours. Long before the final siren sounded on the season just over a week ago, the maneuvering was under way with player agents and clubs discussing possible player movements and in some cases, deals had already been done.  Yesterday, the r

    Demonland
    Demonland |
    Special Features 2

    HOW FAR SOUTH? by George on the Outer

    It was appropriate that Melbourne was playing its last game of season 2019 in Hobart.  After all, how much further south could the team go? And much as it has done in many of the previous 22 games, the side managed to extract a loss from a winning position by simply giving the ball back to the opposition time and time again. In fact, they gave it back to the opposition to the tune of 53 points from turnovers while, by way of contrast North Melbourne contributed  only 17 points to their oppo

    Demonland
    Demonland |
    Match Reports

    COOKED by The Oracle

    I can vividly remember when the Demons ventured onto Blundstone Arena for the first time in early 2016 only to lose to the Kangaroos by 20.11.131 to 21.10.136.    Melbourne was then a team on the up and up: young, enthusiastic and bold. It gave up a huge quarter time deficit after kicking against a strong wind but made that up by half time and fell dramatically short after an exciting high scoring affair.  The team lost no fans that day - they were willing to take the game on and attac

    Demonland
    Demonland |
    Match Previews

    HELP by KC rom Casey

    The Casey Demons finished off their home and away season against Frankston at Skybus Stadium on Sunday with a narrow, unconvincing 6-point victory that left the door slightly open for a top eight berth when the VFL finals begin in a fortnight’s time. While sunny skies prevailed over Frankston in the morning, the skies became overcast by noon and heavy waves pounded the bay nearby as the rains came in to greet the players as the game started. And conditions stayed dark and dreary for the rem

    Demonland
    Demonland |
    Casey Articles

    THANKS BUT NO THANKS by George on the Outer

    Thanks, but no thanks! In a round where the club was supposed to thank their fans for the support during the year, the Melbourne Football Club chose to do otherwise with a 53 point loss to a team that sat 15th on the ladder.  Don’t give us cheap jumpers that can’t be sold in the Demon shop.  Don’t give us vouchers to shop there, give us something on the field, which is why we come to the football in the first place. It was a disgraceful performance, which started with a disgracefu

    Demonland
    Demonland |
    Match Reports

    SLEEP OUT AT THE MCG by The Oracle

    Around about 12 months ago Melbourne and Sydney fought out an epic battle between two top eight teams fighting for the best possible ladder position in the lead up to the finals. The Swans triumphed by 9 points at the MCG after the Demons came back from five goals down at three quarter time. But for its poor kicking for goal, Melbourne might well have won the game and finished in the top four. Who knows what might then have happened for the club in September? As a consequence, the person re

    Demonland
    Demonland |
    Match Previews

    A LITTLE RAY OF SUNSHINE by KC from Casey

    Two clubs that have been hard hit by injury recently took part in a dour battle under dark clouds and, with intermittent showers falling, it wasn’t a pretty game at Victoria Park on Sunday. Despite all that, the Casey Demons added a little ray of sunshine to their day to get the job done over a "traditional" rival with a 15 point victory over Collingwood VFL that breathed life back into their season. There were a few highlights at the ground that in past days has seen many titanic batt

    Demonland
    Demonland |
    Casey Articles

    THE RETRO ROUND by George on the Outer

    We have seen it all before… Yes, a wonderful idea to showcase what used to be in football.  Big crowds, umpires who knew how to apply the rules and not opinions, high marks, skilful players. But for the Melbourne supporters their retro is what it has been like for the past 10 years. Losing games, end on end, year after year.  Opportunities squandered in front of goal. VFL standard players running around at the MCG. Just more of the same, and the game against Collingwood was no ex

    Demonland
    Demonland |
    Match Reports

    THE PEOPLE SPEAK by The Demonland Crew

    Thanks to Demonlanders for their input into this week’s preview. Ralphius Maximus is short and bittersweet: We'll crack in at the bounce to create a contest, win our share of the ball, butcher the forward movement and get scored on easily from the intercepts. Not that hard to predict. Big Demon says: Unfortunately Collingwood will win because they have a lot more to play for. We will be good in parts but really the season is well over so we will have to put up with those bell

    Demonland
    Demonland |
    Match Previews

×
×
  • Create New...