30 minutes ago, stinga said:

So on the P/L we are $1.5 in profit over the 2 years?

Yes, a combined operting profit of $1.5 million, but an actual combined loss of $6 million (includes Gus, Simon and Clayton)

On 22/11/2025 at 22:25, Harvey Wallbanger said:

Because we are committed to paying a portion of Clayton's salary through until 2030, and the amount was material, we are required to recognise that expense immediately, even though the cash payments will be made in later years. Given the immediate recognition of the expense, our player salary payments will run at a lower level through until 2030, i.e. the next five years'expense will be 100% of our salary cap MINUS the payments related to Clayton.

Fascinating. So the financial account of the liability is assessed now but the actual disbursement will be as per the salary cap accounting each year.

Presumably this differs compared to, say, Pickett's multi-year salary because that is still potentially variable, while the payout to Oliver is considered unconditional dead money.

5 hours ago, Ethan Tremblay said:

Never said it was easy. Business isn’t easy. There’s also a lot more revenue streams than the ones you noted. Additionally, our on-field performance is impacted by our poor off-field performance. It’s also not as simple as you make it out to be.

It's the opposite of easy.

But perhaps your being your usual jaunty self :)

A stack of completely uninformed opinions in here, which mine would be too if I tried to discuss accounting with any authority.

“Creative accounting”, “poorly run business”, etc - are those having a crack at the club paid up members? On my reading of the documents, we lost $1M compared to 2024 in our membership drop off alone.

That might be a sign of a bad season on field, but is it necessarily a sign of a poorly run club off field?

And the club repeatedly says that we have to list the Goodwin and Oliver payments up front this year even though we are paying them spread out over the next 1-4 years. I have no idea what the rules are but I can at least appreciate why this might be the case. That we have to make the payments may again be a sign of bad football department decision making but is it bad corporate governance or accounting?

Can we actually read the report, or only the clubs summary, I don’t see the report on the website for 2025 yet?

2 hours ago, Little Goffy said:

Fascinating. So the financial account of the liability is assessed now but the actual disbursement will be as per the salary cap accounting each year.

Presumably this differs compared to, say, Pickett's multi-year salary because that is still potentially variable, while the payout to Oliver is considered unconditional dead money.

I don't think Kosi would think his salary for the next 9 years is "variable". Yes, the contributions to Clayton's contract are indeed settled.

34 minutes ago, Rossmillan said:

Can we actually read the report, or only the clubs summary, I don’t see the report on the website for 2025 yet?

You're correct - it is not up on the website yet. It was attached to the letter to members which included the Notice of AGM. Maybe the Demonland Administrators could put it up here?

2 hours ago, Harvey Wallbanger said:

You're correct - it is not up on the website yet. It was attached to the letter to members which included the Notice of AGM. Maybe the Demonland Administrators could put it up here?

It is on the website - https://www.melbournefc.com.au/news/1932463/notice-of-annual-general-meeting

3 hours ago, Harvey Wallbanger said:

I don't think Kosi would think his salary for the next 9 years is "variable". Yes, the contributions to Clayton's contract are indeed settled.

It is conceivable he'd go full Gary Ablett Jr (and we'd happily throw him an extra 100k or two just for goodwill.

I mean, world war three, domestic hover cars and a digitally enabled hive mind could also happen by the end of the contract. And I think we all understand that Kozzie Pickett is probably the best hover car race driver in Australia.