Jump to content

Featured Replies

 
10 minutes ago, pitmaster said:

It doesn't help us but I am taking quiet satisfaction in the fact the Hawks pokies are silent, and hopefully the debt on those gaming facilities is bleeding their reserves. F--- them now and forever.

don't hold your breath

Hawks had a current asset surplus of $20M as at October 2019 not to mention a net equity of over $50M

Makes you cry as to what they have done since the failed merger compared to us.

Edited by Diamond_Jim

  • Author
8 minutes ago, Diamond_Jim said:

don't hold your breath

Hawks had a current asset surplus of $20M as at October 2019 not to mention a net equity of over $50M

Makes you cry as to what they have done since the failed merger compared to us.

Exactly the Hawks developed long term plans for financial success which translated into on field success with 4 flags ... the Mfc looked to a white Knight Guidnick and continued to go around in circles for another 2 decades with zero flags & burnt all of their early draft picks & to rub salt into the wound Scully may end up winning a flag with Hawthorn!!

Edited by Hogan2014

 

 

14 minutes ago, Diamond_Jim said:

don't hold your breath

Hawks had a current asset surplus of $20M as at October 2019 not to mention a net equity of over $50M

 

Yet they abandoned Dingley.

A dozen clubs (at least) will need a lot of financial assistance from the AFL ... the borrowing of $600Million will see to that.

But the money will need to be paid back and it will be the AFL that will be in debt when they bail the clubs out.  Therefore,  the usual end of season dividend will almost certainly be greatly reduced.  Thus,  club expenditure will need to be greatly reduced as a consequence.

And the debt will be largely driven by the guaranteed salaries to the players ... albeit with a percentage drop.  FD spend is still going on re coach salaries etc etc.  Ongoing.

All this whilst the income streams have slowed to a trickle.  Again,  ongoing.


8 minutes ago, pitmaster said:

 

Yet they abandoned Dingley.

No.... they were fund raising for Dingley (most of it anyway) and they have put the fund raising on hold.

Kennett said sometime back that they could pay for it in full but they preferred to fund raise a substantial proportion from government and supporters.

Hate to say it but they're shovel ready if any grants come the way of professional sports.

43 minutes ago, Macca said:

A dozen clubs (at least) will need a lot of financial assistance from the AFL ... the borrowing of $600Million will see to that.

But the money will need to be paid back and it will be the AFL that will be in debt when they bail the clubs out.  Therefore,  the usual end of season dividend will almost certainly be greatly reduced.  Thus,  club expenditure will need to be greatly reduced as a consequence.

And the debt will be largely driven by the guaranteed salaries to the players ... albeit with a percentage drop.  FD spend is still going on re coach salaries etc etc.  Ongoing.

All this whilst the income streams have slowed to a trickle.  Again,  ongoing.

Fund raising... sounds pretty smart. 

2 hours ago, praha said:

how depressing.

we are stuck in that rough patch between not having enough money to invest/save/grow, and not having enough investment/savings/growth to bring in enough money. The Circle of Doom.

Sad state of affairs, the deadzone.

 
18 minutes ago, Leoncelli_36 said:

Fund raising... sounds pretty smart. 

Sure ... but one has to be realistic as well

We'd probably need to raise about $10Million within the next year just to offset the expected lower dividend at seasons end - and next year. 

Gate receipts - right now,  negligible. Next year,  who knows?

Sponsorship & memberships ongoing?  Without crowds,  that's another issue L_36

The immediate way is to slash costs.   Player salaries is the biggie but the money is guaranteed against budgeted incomes.  So,  in effect,  we'd be raising money to offset player salaries.  And most know that.

I'd say $20Million needs to be raised but that's a huge ask.  And right now,  for many,  charity begins at home.

I'm not against your idea but I reckon the real answer right now lies with expenditure being slashed along with a greatly reduced salary cap as well as a much much smaller FD. 

The clubs are probably being briefed on how much they will be funded by the AFL.  From there,  a drive to raise funds can begin.

And that can happen sooner rather than later once the whole business plan for all the clubs is enacted.

2 minutes ago, Macca said:

Sure ... but one has to be realistic as well

We'd probably need to raise about $10Million within the next year just to offset the expected lower dividend at seasons end - and next year. 

Gate receipts - right now,  negligible. Next year,  who knows?

Sponsorship & memberships ongoing?  Without crowds,  that's another issue L_36

The immediate way is to slash costs.   Player salaries is the biggie but the money is guaranteed against budgeted incomes.  So,  in effect,  we'd be raising money to offset player salaries.  And most know that.

I'd say $20Million needs to be raised but that's a huge ask.  And right now,  for many,  charity begins at home.

I'm not against your idea but I reckon the real answer right now lies with expenditure being slashed along with a greatly reduced salary cap as well as a much much smaller FD. 

The clubs are probably being briefed on how much they will be funded by the AFL.  From there,  a drive to raise funds can begin.

And that can happen sooner rather than later once the whole business plan for all the clubs is enacted.

See this is the attitude that gives me the ****ees... let’s wait and see how bad things get before we ask supporters for help. Just get on it. Any extra money to make up for short fall is a positive. Stick it in a future fund if needs be. Invest it. I don’t care, but clubs that are reliant on the AFL year after year will be gone within 5 years. 


I wouldn't rule out Government assistance to a large degree either ... the footy clubs are such a big part of our lives so $10Million (each) to the clubs that need it can be seen as an investment.

With a promise to reduce costs as part of any deal. 

The FD's were becoming too big anyway IMO.  Money being wasted needlessly?  I reckon so.

6 minutes ago, Leoncelli_36 said:

See this is the attitude that gives me the ****ees... let’s wait and see how bad things get before we ask supporters for help. Just get on it. Any extra money to make up for short fall is a positive. Stick it in a future fund if needs be. Invest it. I don’t care, but clubs that are reliant on the AFL year after year will be gone within 5 years. 

No it's not that at all ... a lot can happen within the next month or so (AFL bail-out's or possible Government assistance)

And right now,  a lot of people are struggling financially.  And they're worried about their own future's. 

I wouldn't get too agitated about it all ... not yet anyway. 

26 minutes ago, Leoncelli_36 said:

See this is the attitude that gives me the ****ees... let’s wait and see how bad things get before we ask supporters for help. Just get on it. Any extra money to make up for short fall is a positive. Stick it in a future fund if needs be. Invest it. I don’t care, but clubs that are reliant on the AFL year after year will be gone within 5 years. 

Bit early for a $20 mill tin rattle mate

Earth is still (almost) turned off. 
 

Next year is the time for fund raising 

We have had three months to think about how to raise revenue shortfalls, I’m just not hearing anything from the club about ideas to do so. For example, empty stands, have we thought about tarps to cover seats with additional sponsors? Fan cutouts like the nrl had, are we considering it? Businesses that have adapted during this period are surviving, those that aren’t are going under. We need to be proactive, not reactive when the darkest days come. 

21 hours ago, rjay said:

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.

Well said Rjay as a member of a closed bowls club with pokies I can tell you they are a liability. The machines aren't turned off because of difficulties and cost starting them up. So they are still chewing up electricity. Then when clubs open how do you keep the buttons clean and social distancing. getting rid of the pokies is the best thing we have done.


4 hours ago, drysdale demon said:

That's a silly and ignorant thing to say.

I spent 4 years with the Salvation Army Major in charge of Southern Australia, their financial advisor and 2 Psychologists from Gamblers' Help assisting problem gamblers. Poker machines account for over 80% of problem gamblers, I have seen the damage they cause.

You may not care but fortunately some people do.

How much pain does alcohol cause? shall we ditch Furphy as well? 

"Poker machines account for over 80% of problem gamblers"

But how many gamblers have a "problem"?

First thing I would be doing finance wise is getting the AFL to guarantee we host Anzac Eve and Queens Birthday next year. Get on the front foot about it. Hopefully crowds are allowed back by then.

People advocating for poker machines are the type that know the price of everything and the value of nothing.

18 minutes ago, demonstone said:

People advocating for poker machines are the type that know the price of everything and the value of nothing.

I'm not advocating for poker machines. They should be banned, it is ridiculous that you can have computers programmed to take people's money in pubs around the state. But they are legal and while they are I would rather any profits go towards MFC rather than the pockets of those who already have more money than they know what to do with. It's going to cause a massive revenue shortfall for us in the coming years that this crisis will only exacerbate.

17 minutes ago, Dr. Gonzo said:

I'm not advocating for poker machines. They should be banned, it is ridiculous that you can have computers programmed to take people's money in pubs around the state. But they are legal and while they are I would rather any profits go towards MFC rather than the pockets of those who already have more money than they know what to do with. It's going to cause a massive revenue shortfall for us in the coming years that this crisis will only exacerbate.

maybe by your logic we should start buying up brothels ?


2 minutes ago, daisycutter said:

maybe by your logic we should start buying up brothels ?

Would there be members discounts? Asking for a friend. 

5 hours ago, praha said:

how depressing.

we are stuck in that rough patch between not having enough money to invest/save/grow, and not having enough investment/savings/growth to bring in enough money. The Circle of Doom.

If only we had pokies to save us... ppppffttt

1 hour ago, Dr. Gonzo said:

First thing I would be doing finance wise is getting the AFL to guarantee we host Anzac Eve and Queens Birthday next year. Get on the front foot about it. Hopefully crowds are allowed back by then.

Oh mate send your this idea into Pert, I’m sure he hasn’t thought of this as yet. 
 

 
3 minutes ago, Cards13 said:

Oh mate send your this idea into Pert, I’m sure he hasn’t thought of this as yet. 
 

Gonzo is right though Cards

Sometimes the obvious 'ask' needs to be aggressively pursued. 

It can't be assumed that the Pies & Tigers won't push for both games to be their home fixtures.

The comp is just as aggressive off the field. 

We need to push hard and fight for everything that we can get.

I'd also be pushing for a round 1 home game against the Cats and 5 years worth of home games against the Bombers.  Maybe 10 years worth to square the ledger.


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...

Featured Content

  • GAMEDAY: Collingwood

    It's Game Day and the Demons face a monumental task as they take on the top-of-the-table Magpies in one of the biggest games on the Dees calendar: the King's Birthday Big Freeze MND match. Can the Demons defy the odds and claim a massive scalp to keep their finals hopes alive?

      • Thanks
      • Like
    • 154 replies
  • CASEY: Collingwood

    It was freezing cold at Mission Whitten Stadium where only the brave came out in the rain to watch a game that turned out to be as miserable as the weather.
    The Casey Demons secured their third consecutive victory, earning the four premiership points and credit for defeating a highly regarded Collingwood side, but achieved little else. Apart perhaps from setting the scene for Monday’s big game at the MCG and the Ice Challenge that precedes it.
    Neither team showcased significant skill in the bleak and greasy conditions, at a location that was far from either’s home territory. Even the field umpires forgot where they were and experienced a challenging evening, but no further comment is necessary.

      • Thanks
    • 4 replies
  • NON-MFC: Round 13

    Follow all the action from every Round 13 clash excluding the Dees as the 2025 AFL Premiership Season rolls on. With Melbourne playing in the final match of the round on King's Birthday, all eyes turn to the rest of the competition. Who are you tipping to win? And more importantly, which results best serve the Demons’ finals aspirations? Join the discussion and keep track of the matches that could shape the ladder and impact our run to September.

      • Thanks
    • 216 replies
  • PREVIEW: Collingwood

    Having convincingly defeated last year’s premier and decisively outplayed the runner-up with 8.2 in the final quarter, nothing epitomized the Melbourne Football Club’s performance more than its 1.12 final half, particularly the eight consecutive behinds in the last term, against a struggling St Kilda team in the midst of a dismal losing streak. Just when stability and consistency were anticipated within the Demon ranks, they delivered a quintessential performance marked by instability and ill-conceived decisions, with the most striking aspect being their inaccuracy in kicking for goal, which suggested a lack of preparation (instead of sleeping in their hotel in Alice, were they having a night on the turps) rather than a well-rested team. Let’s face it - this kicking disease that makes them look like raw amateurs is becoming a millstone around the team’s neck.

      • Thanks
    • 1 reply
  • CASEY: Sydney

    The Casey Demons were always expected to emerge victorious in their matchup against the lowly-ranked Sydney Swans at picturesque Tramway Oval, situated in the shadows of the SCG in Moore Park. They dominated the proceedings in the opening two and a half quarters of the game but had little to show for it. This was primarily due to their own sloppy errors in a low-standard game that produced a number of crowded mauls reminiscent of the rugby game popular in old Sydney Town. However, when the Swans tired, as teams often do when they turn games into ugly defensive contests, Casey lifted the standard of its own play and … it was off to the races. Not to nearby Randwick but to a different race with an objective of piling on goal after goal on the way to a mammoth victory. At the 25-minute mark of the third quarter, the Demons held a slender 14-point lead over the Swans, who are ahead on the ladder of only the previous week's opposition, the ailing Bullants. Forty minutes later, they had more than fully compensated for the sloppiness of their earlier play with a decisive 94-point victory, that culminated in a rousing finish which yielded thirteen unanswered goals. Kicks hit their targets, the ball found itself going through the middle and every player made a contribution.

      • Thanks
      • Like
    • 1 reply
  • REPORT: St. Kilda

    Hands up if you thought, like me, at half-time in yesterday’s game at TIO Traeger Park, Alice Springs that Melbourne’s disposal around the ground and, in particular, its kicking inaccuracy in front of the goals couldn’t get any worse. Well, it did. And what’s even more damning for the Melbourne Football Club is that the game against St Kilda and its resurgence from the bottomless pit of its miserable start to the season wasn’t just lost through poor conversion for goal but rather in the 15 minutes when the entire team went into a slumber and was mugged by the out-of-form Saints. Their six goals two behinds (one goal less than the Demons managed for the whole game) weaved a path of destruction from which they were unable to recover. Ross Lyon’s astute use of pressure to contain the situation once they had asserted their grip on the game, and Melbourne’s self-destructive wastefulness, assured that outcome. The old adage about the insanity of repeatedly doing something and expecting a different result, was out there. Two years ago, the score line in Melbourne’s loss to the Giants at this same ground was 5 goals 15 behinds - a ratio of one goal per four scoring shots - was perfectly replicated with yesterday’s 7 goals 21 behinds. 
    This has been going on for a while and opens up a number of questions. I’ll put forward a few that come to mind from this performance. The obvious first question is whether the club can find a suitable coach to instruct players on proper kicking techniques or is this a skill that can no longer be developed at this stage of the development of our playing group? Another concern is the team's ability to counter an opponent's dominance during a run on as exemplified by the Saints in the first quarter. Did the Demons underestimate their opponents, considering St Kilda's goals during this period were scored by relatively unknown forwards? Furthermore, given the modest attendance of 6,721 at TIO Traeger Park and the team's poor past performances at this venue, is it prudent to prioritize financial gain over potentially sacrificing valuable premiership points by relinquishing home ground advantage, notwithstanding the cultural significance of the team's connection to the Red Centre? 

      • Thanks
    • 4 replies