Jump to content


Recommended Posts

Posted
3 minutes ago, Hogan2014 said:

We have same serious issues 

 

It's a certainly a big number, but without the context of knowing where other clubs sit, it's very hard to judge.

We're being assisted by the AFL, as  imagine most clubs will need to be when your revenue basically drops to zero.

 

 

  • Like 1

Posted (edited)
8 minutes ago, Unleash Hell said:

Should have kept the pokies

Get woke, go broke.

We need to be competitive and consistently win games and make finals. Last season hurt us. 

Edited by Ethan Tremblay
  • Like 7
Posted (edited)
4 minutes ago, Unleash Hell said:

Should have kept the pokies

Which would've made $0.00 since mid March and possibly $0.00 until September.

Meanwhile, the money from their sale can be used NOW to help save the club

 

Edited by Moonshadow
  • Like 15
  • Love 2

Posted
4 minutes ago, Moonshadow said:

Which would've made $0.00 since mid March and possibly $0.00 until September.

Meanwhile, the money from their sale can be used NOW to help save the club

 

How do you know the money hasn't already been used.

And having an asset that doesn't produce money on a short term basis is still better then having no asset.

Not sure if you've looked at the cash rate lately but cash isn't king

  • Like 4
Posted (edited)
7 minutes ago, Unleash Hell said:

How do you know the money hasn't already been used.

And having an asset that doesn't produce money on a short term basis is still better then having no asset.

Not sure if you've looked at the cash rate lately but cash isn't king

And do you know if it has been used or the resulting investment can't be accessed quickly?

Yeah, those pokies would be real handy in the long term if the club folded soon, NOT!

It's a moot point, they're gone. Move on.

Edited by Moonshadow
  • Like 3
Posted
3 minutes ago, Moonshadow said:

And do you know if it has been used or the resulting investment can't be accessed quickly?

Yeah, those pokies would be real handy in the long term if the club folded soon, NOT!

It's a moot point, they're gone. Move on.

I refer you to the opening post.... If what you're saying is true then why would the club release a video on cashflow issues?

In all seriousness, do you actually have nothing to add of value or are stupid one liners void of any fact or substance a demonland tradition?

An asset that produces income regardless of its morality is more valuable than cash to pay debt.

  • Like 3

Posted

Worth remembering that we've been an 'assisted' club before, most recently in 2014 when the AFL appointed PJ and essentially took control over our financial position.

Different circumstances now however, obviously

Posted

It is a cash flow issue.  Normally we have cashflow coming in from games etc.  That source has been removed for the time being.  Pre-covid-19 the club stated the level if debt was manageable and not a concern for the ongoing operation of the club.  Obviously unusual circumstances has changed that.  We have the AFL ensuring we are viable, which I thank. the AFL for.

Ideally we'd have alternate income producing assets which was the plan with the proceeds from the sale of the pokies.  Had the club reported where that money have been invested and in what?

Posted

Of course we have a cash flow problem. Everything has stopped. 
this is not the year to perform badly though. Next year will be brutal in terms of cash, everyone will be needing it. 
we need to look good this year. We have to become a good investment or the Club will die

 

  • Like 6
Posted
17 minutes ago, Unleash Hell said:

I refer you to the opening post.... If what you're saying is true then why would the club release a video on cashflow issues?

In all seriousness, do you actually have nothing to add of value or are stupid one liners void of any fact or substance a demonland tradition?

An asset that produces income regardless of its morality is more valuable than cash to pay debt.

It's called a liability when it's not producing income (currently). The only thing you can pay debt with is cash.

Mooney is correct, now go take your 20/20 hindsight glasses off and leave the insults and derogatory comments to the adults.

  • Like 1
Posted
3 minutes ago, Unleash Hell said:

I refer you to the opening post.... If what you're saying is true then why would the club release a video on cashflow issues?

In all seriousness, do you actually have nothing to add of value or are stupid one liners void of any fact or substance a demonland tradition?

An asset that produces income regardless of its morality is more valuable than cash to pay debt.

Because every club has cash flow issues, regardless of pokies. But we are one of few clubs not expecting money from idle machines.

And where did I comment on its morality? Nice strawman tactic.

If you want an example of a stupid one liner, it's a revisionist poster who's one line says we "should have kept pokies", when clearly we didn't! That's the definition of adding nothing.

An asset that we sold for good money before COVID that would otherwise now be making nothing for about 6 months, and far less than expected for perhaps 12mths or more due to social distancing. A fortunate move I'd say.

As I said, moot point.

C ya.

Posted
14 minutes ago, Sir Why You Little said:

Of course we have a cash flow problem. Everything has stopped. 
this is not the year to perform badly though. Next year will be brutal in terms of cash, everyone will be needing it. 
we need to look good this year. We have to become a good investment or the Club will die

 

True. From PJ onwards said success on the field will bring success off (under good management).  We are a footy club first and need to win and be successful on the field year on year.    

  • Like 3
Posted (edited)
7 minutes ago, Moonshadow said:

Because every club has cash flow issues, regardless of pokies. But we are one of few clubs not expecting money from idle machines.

And where did I comment on its morality? Nice strawman tactic.

If you want an example of a stupid one liner, it's a revisionist poster who's one line says we "should have kept pokies", when clearly we didn't! That's the definition of adding nothing.

An asset that we sold for good money before COVID that would otherwise now be making nothing for about 6 months, and far less than expected for perhaps 12mths or more due to social distancing. A fortunate move I'd say.

As I said, moot point.

C ya.

The downturn could have also been supplemented by the Government handouts Australia is enjoying at the moment. You're point on non producing at the moment is a stupid as your attempt to pretend you know what you're talking about.

Where is the revenue coming from? Or are we expecting cash to magically appear from the AFL every year?

I haven't looked in to the financial situation of the MFC all I have seen is a video saying we are having cash flow ïssues

And being told by astute posters that selling cash producing assets is a great idea.

The board are responsible for their decisions they are the custodians of the club and it's future. Lets hope they have a bit more insight than the proverbial demonland poster

 

 

Edited by Unleash Hell
  • Like 2

Posted
13 minutes ago, dworship said:

It's called a liability when it's not producing income (currently). The only thing you can pay debt with is cash.

Mooney is correct, now go take your 20/20 hindsight glasses off and leave the insults and derogatory comments to the adults.

Mate I think you need go look up what a liability means

Posted

This is why I was so critical in Dazzle not buying a membership. Everyone must buy a membership jump on board.

  • Like 1

Posted

All clubs will be affected in terms of their income no doubt .. clubs like tigers, hawks, WC with their premiership success have built up a war chest of funds along with the pies. clubs like the Mfc who have make continued losses will no doubt struggle  & in our case impact on funding a new home base... 

Posted (edited)
1 hour ago, Unleash Hell said:

Where is the revenue coming from?

It's a good question...

Without wanting to get to far into this discussion it wouldn't have been coming from pokies if we had them either.

It's all closed up.

...but will be interested to see what happened with the sale of the asset.

That money will be eaten up quickly with no revenues coming in...unless it is producing some revenue elsewhere.

Edited by rjay
  • Like 1

Posted
1 hour ago, Sir Why You Little said:

Of course we have a cash flow problem. Everything has stopped. 
this is not the year to perform badly though. Next year will be brutal in terms of cash, everyone will be needing it. 
we need to look good this year. We have to become a good investment or the Club will die

 

fully agree. This is a now or never year for us. Next year I think the situation will entirely and darkly different. 

Posted
1 hour ago, Wells 11 said:

fully agree. This is a now or never year for us. Next year I think the situation will entirely and darkly different. 

Yes if we put in another bad year, we will be shoved to the back of the queue for any handouts or Govt. deals. You can be sure of that

 

Posted

ultimately it doesn't matter as the income would not have been coming in from pokies at this time

worse still, their value as a sale opportunity would have fundamentally disappeared for the time being, and likely diminished for what we received for the license

pert and bartlett were hopefully honest in the podcast - if it's even worse than that let on, then we're in trouble

we're not the only ones, but i imagine with the two northern franchises, north, and st. kilda we're the fifth club under serious future threat

Posted

Never a better time to be thankful we got rid of the pokies.  Patting ourselves on the back whilst we profit from addicts during a recession is hardly what a football should be.

We’ll find the money elsewhere.

  • Like 12
  • Love 2
Posted

One of our biggest strengths is our history.The league wouldn't exist without our club starting Australian football and writing the rules of the game. Some say the MFC is the oldest registered football club in the world.

We should cooperate with the next oldest club Geelong and a movie could be made about our two clubs and our historical links. In fact every year the season should start with a Melbourne Geelong game called the history round to educate our children about the culture and history of our game.

Most young people would be excused for thinking collingwood is the oldest club, in fact a lot do.

We have in the next few years to get people from the arts community ( Russell Howcroft ) and others to form a Melbourne promotion committee which could promote us properly.

  • Like 1

Join the conversation

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

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
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.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Demonland Forums  

  • Match Previews, Reports & Articles  

    TRAINING: Friday 22nd November 2024

    Demonland Trackwatchers were out in force on a scorching morning out at Gosch's Paddock for the final session before the whole squad reunites for the Preseason Training Camp. DEMONLAND'S PRESEASON TRAINING OBSERVATIONS It’s going to be a scorcher today but I’m in the shade at Gosch’s Paddock ready to bring you some observations from the final session before the Preseason Training Camp next week.  Salem, Fritsch & Campbell are already on the track. Still no number on Campbell’s

    Demonland
    Demonland |
    Training Reports 3

    UP IN LIGHTS by Whispering Jack

    Those who watched the 2024 Marsh AFL National Championships closely this year would not be particularly surprised that Melbourne selected Victoria Country pair Harvey Langford and Xavier Lindsay on the first night of the AFL National Draft. The two left-footed midfielders are as different as chalk and cheese but they had similar impacts in their Coates Talent League teams and in the National Championships in 2024. Their interstate side was edged out at the very end of the tournament for tea

    Demonland
    Demonland |
    Special Features

    TRAINING: Wednesday 20th November 2024

    It’s a beautiful cool morning down at Gosch’s Paddock and I’ve arrived early to bring you my observations from today’s session. DEMONLAND'S PRESEASON TRAINING OBSERVATIONS Reigning Keith Bluey Truscott champion Jack Viney is the first one out on the track.  Jack’s wearing the red version of the new training guernsey which is the only version available for sale at the Demon Shop. TRAINING: Viney, Clarry, Lever, TMac, Rivers, Petty, McVee, Bowey, JVR, Hore, Tom Campbell (in tr

    Demonland
    Demonland |
    Training Reports

    TRAINING: Monday 18th November 2024

    Demonland Trackwatchers ventured down to Gosch's Paddock for the final week of training for the 1st to 4th Years until they are joined by the rest of the senior squad for Preseason Training Camp in Mansfield next week. WAYNE RUSSELL'S PRESEASON TRAINING OBSERVATIONS No Ollie, Chin, Riv today, but Rick & Spargs turned up and McDonald was there in casual attire. Seston, and Howes did a lot of boundary running, and Tom Campbell continued his work with individual trainer in non-MFC

    Demonland
    Demonland |
    Training Reports

    2024 Player Reviews: #11 Max Gawn

    Champion ruckman and brilliant leader, Max Gawn earned his seventh All-Australian team blazer and constantly held the team up on his shoulders in what was truly a difficult season for the Demons. Date of Birth: 30 December 1991 Height: 209cm Games MFC 2024: 21 Career Total: 224 Goals MFC 2024: 11 Career Total: 109 Brownlow Medal Votes: 13 Melbourne Football Club: 2nd Best & Fairest: 405 votes

    Demonland
    Demonland |
    Melbourne Demons 12

    2024 Player Reviews: #36 Kysaiah Pickett

    The Demons’ aggressive small forward who kicks goals and defends the Demons’ ball in the forward arc. When he’s on song, he’s unstoppable but he did blot his copybook with a three week suspension in the final round. Date of Birth: 2 June 2001 Height: 171cm Games MFC 2024: 21 Career Total: 106 Goals MFC 2024: 36 Career Total: 161 Brownlow Medal Votes: 3 Melbourne Football Club: 4th Best & Fairest: 369 votes

    Demonland
    Demonland |
    Melbourne Demons 5

    TRAINING: Friday 15th November 2024

    Demonland Trackwatchers took advantage of the beautiful sunshine to head down to Gosch's Paddock and witness the return of Clayton Oliver to club for his first session in the lead up to the 2025 season. DEMONLAND'S PRESEASON TRAINING OBSERVATIONS Clarry in the house!! Training: JVR, McVee, Windsor, Tholstrup, Woey, Brown, Petty, Adams, Chandler, Turner, Bowey, Seston, Kentfield, Laurie, Sparrow, Viney, Rivers, Jefferson, Hore, Howes, Verrall, AMW, Clarry Tom Campbell is here

    Demonland
    Demonland |
    Training Reports

    2024 Player Reviews: #7 Jack Viney

    The tough on baller won his second Keith 'Bluey' Truscott Trophy in a narrow battle with skipper Max Gawn and Alex Neal-Bullen and battled on manfully in the face of a number of injury niggles. Date of Birth: 13 April 1994 Height: 178cm Games MFC 2024: 23 Career Total: 219 Goals MFC 2024: 10 Career Total: 66 Brownlow Medal Votes: 8

    Demonland
    Demonland |
    Melbourne Demons 3

    TRAINING: Wednesday 13th November 2024

    A couple of Demonland Trackwatchers braved the rain and headed down to Gosch's paddock to bring you their observations from the second day of Preseason training for the 1st to 4th Year players. DITCHA'S PRESEASON TRAINING OBSERVATIONS I attended some of the training today. Richo spoke to me and said not to believe what is in the media, as we will good this year. Jefferson and Kentfield looked big and strong.  Petty was doing all the training. Adams looked like he was in rehab.  KE

    Demonland
    Demonland |
    Training Reports
  • Tell a friend

    Love Demonland? Tell a friend!

×
×
  • Create New...