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five-year-recovery-as-smaller-victorian-afl-clubs-battle-for-survival

"Smaller Victorian AFL clubs Melbourne, St Kilda and North Melbourne face a fight for financial survival ...

"If revenue goes down even 20 per cent, which is probably unders (conservative) if the season is cancelled, even with an above-average growth rate it takes five years to get back ...," Mr Youl said.

"The AFL has been working to put in place a line of credit that would shore up their liquidity, with Marvel Stadium being raised as a potential asset they could use to securitise loans".

"Mr Youl said the AFL would take a minimum of five years to recover financial ground with many... predicting it would taken even longer and the game's economic model would look different forever".

Whatever happens this will cripple us, especially as we will have to pay back the Marvel Stadium 'securitised loans' provided by the 'line of credit'.

While the 'economic model being different forever' means that funding sources will change/shrink, it is hard to see 12 10 AFL teams in Victoria at the end of this.  Would not be surprised if mergers and relocation talks start in a year or two when the dust settles and maybe we end with 10 8 teams in Victoria.

But in such dire financial times, surely the AFL needs to give up the luxury toy, pipe dream of GCS. 

Edit: to correct figures

Edited by Lucifer's Hero

 

This is going to make the gap between the have’s (WCE, Freo, big Vic clubs) and the have nots like us even bigger and potentially never to be made up. We won’t be able to spend on footy dept like other clubs and it will make things very difficult. 

Probably the end of the football season now.

Only essential travel says Morrison.

I wouldn't think football is essential, but let's see.

 
1 hour ago, Lucifer's Hero said:

But in such dire financial times, surely the AFL needs to give up the luxury toy, pipe dream of GCS. 

...and of course GC.


45 minutes ago, Cards13 said:

This is going to make the gap between the have’s (WCE, Freo, big Vic clubs) and the have nots like us even bigger and potentially never to be made up. We won’t be able to spend on footy dept like other clubs and it will make things very difficult. 

The "rebuild" will also be in the environment of a new TV rights deal which may not deliver as much money as it has in the past. Channel 7 is almost broke as are the other FTA companies and Foxtel are tired of bleeding money.

 
5 minutes ago, Demonland said:

 

 

42 minutes ago, rjay said:

Probably the end of the football season now.

Only essential travel says Morrison.

I wouldn't think football is essential, but let's see.

Beat Fox on this...will take any wins I can at the moment.

...by the way. Where is 'Ethan' the news breaker?

I hope he is ok.

Morrison still undecided on AFL & NRL...

Will work with them, still not looking good.


On 3/15/2020 at 11:17 AM, Cards13 said:

I think you’ve jumped to conclusions on “abuse the membership dept“ out of that but I’d hate to cast aspersions on people who may not be in a financial situation to have a luxury spend like footy membership right now or might need that money back (if possible) to pay rent or bills etc. 

Footy membership is hardly a “luxury spend” considering that you probably pay it in expectation of either attending matches (and spending  more money on fares and/or F&B)  or watching either at a pub/club or home on a subscription. This year, (reduced) membership subscriptions are the only revenue stream for most clubs who lose their entire home game gate takings  (ANZAC Eve  & Queens Birthday in Melbourne’s case).   This could tip some clubs to the brink who are already contending with the scenario of half their list getting paid, whilst not getting any game time with the VFL abandoned for 2020.

1 minute ago, CBDees said:

Footy membership is hardly a “luxury spend” considering that you probably pay it in expectation of either attending matches (and spending  more money on fares and/or F&B)  or watching either at a pub/club or home on a subscription. This year, (reduced) membership subscriptions are the only revenue stream for most clubs who lose their entire home game gate takings  (ANZAC Eve  & Queens Birthday in Melbourne’s case).   This could tip some clubs to the brink who are already contending with the scenario of half their list getting paid, whilst not getting any game time with the VFL abandoned for 2020.

For a lot of people it is a luxury spend, now and moving forward until this “this returns to normal” even more so. 

I wonder if there might still be time to rush through the initial four rounds before these potential new measures kick in? That would give us the foundations of a season at least so that we can shut up shop for four to eight weeks to see how things play out before picking things up again. 

I know we all have varying opinions on the subject but personally I'd like to be in a place where there's at least an opportunity for the season to continue later in an environment more recognisable to us all. 

Unlike some other codes, Australian Rules football is played for just six months of the calendar year with anticipation filling the long vacuum in between each season. I'm happy to have a little fix now (fingers crossed) to be followed by another mini build up prior to ramping things up again in earnest again later. 

As I've said it's just an opinion so don't shoot me down. 

 

“Mandatory 14-Day self-isolation for any person entering South Australia from anywhere in Australia. ”


Starts Tuesday. 

enjoy the footy today, imagine this puts it on hold for a while 


3 minutes ago, roy11 said:

“Mandatory 14-Day self-isolation for any person entering South Australia from anywhere in Australia. ”


Starts Tuesday. 

enjoy the footy today, imagine this puts it on hold for a while 

So finally Australia is starting to get serious....

Looking like schools in Vic will be shut from Tuesday too. 

3 hours ago, Lucifer's Hero said:

five-year-recovery-as-smaller-victorian-afl-clubs-battle-for-survival

"Smaller Victorian AFL clubs Melbourne, St Kilda and North Melbourne face a fight for financial survival ...

"If revenue goes down even 20 per cent, which is probably unders (conservative) if the season is cancelled, even with an above-average growth rate it takes five years to get back ...," Mr Youl said.

"The AFL has been working to put in place a line of credit that would shore up their liquidity, with Marvel Stadium being raised as a potential asset they could use to securitise loans".

"Mr Youl said the AFL would take a minimum of five years to recover financial ground with many... predicting it would taken even longer and the game's economic model would look different forever".

Whatever happens this will cripple us, especially as we will have to pay back the Marvel Stadium 'securitised loans' provided by the 'line of credit'.

While the 'economic model being different forever' means that funding sources will change/shrink, it is hard to see 12 AFL teams in Victoria at the end of this.  Would not be surprised if mergers and relocation talks start in a year or two when the dust settles and maybe we end with 10 teams in Victoria.

But in such dire financial times, surely the AFL needs to give up the luxury toy, pipe dream of GCS. 

I assume you mean it will the end of having 10 teams in Victoria. I initially read it as ending up with 10 teams in Victoria, which would be a geat result.

27 minutes ago, La Dee-vina Comedia said:

I assume you mean it will the end of having 10 teams in Victoria. I initially read it as ending up with 10 teams in Victoria, which would be a geat result.

I meant that we could easily have 10 8 teams instead of 12 10 in Victoria.

I also think it is a great result as long as Demons are one of the 10 8!!

Edit: to correct the figures

Edited by Lucifer's Hero

The government is considering the possible ban on interstate travel for sporting teams.

What a delightful thought. For this season a VFL competition of the 10 Victorian teams. 18 rounds playing each other twice one home and one away. How fair is that?  Bring it on!

A Final 4 with finals as they were in the good old days. First V Second  Double chance, Third V Fourth loser out. (Semi Finals) Loser of !V2 plays winner of 3V4 (Preliminary Final) Winner of Preliminary Final plays winner of ! v2 semi Final. GRAND FINAL. 3 Finals rounds giving a total of 21 rounds for the season. NB This explanation of finals system is for the very new and younger Demonlanders. Sorry to bore  all the older posters.

Interstate teams could play each other 5 times in their own state just to give the locals a bit of footy.


17 minutes ago, Lucifer's Hero said:

I meant that we could easily have 10 teams instead of 12 in Victoria.

I also think it is a great result as long as Demons are one of the 10!!

Don't we have 10 now?

17 minutes ago, Lucifer's Hero said:

I meant that we could easily have 10 teams instead of 12 in Victoria.

I also think it is a great result as long as Demons are one of the 10!!

What if it was the Melb Saints or the Melb Kangaroos?

 
9 minutes ago, La Dee-vina Comedia said:

Don't we have 10 now?

LOL!!

I miscounted!!!  It should be 8.

Thank you.  I'll go back and edit the posts I can.

Edit:  All posts have been corrected.

Edited by Lucifer's Hero


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