BDA

Top 3: 1. Clayton Oliver (and he can get even better) 2. Daylight 3. Jones (3 bluey's and almost 300 games)

The terms of specific contracts are not required to be disclosed in the financial statements. There are good reasons, from a commercial perspective, why this is the case.

Tis the season of peace on earth and goodwill to all men Have a happy xmas Gentlemen

Its like the stock market or property market. There will be a downturn but difficult to predict exactly when but we will eventually be proven right. They’ve gone all in for 2021 so I expect them to play finals. 2022 and beyond and I reckon even the most optimistic Geelong supporter will be worried.

The club finances are precarious given the uncertainty of Covid so I don’t want discounts or special offers for the members although I understand the sentiment behind your suggestion. The best way this club can repay the loyalty of supporters is to start winning games of footy, deliver consistent performances and start beating some of the top teams. Fulfill the potential we can all see. Do that and the members will be more than happy.

Our draw has been kind and gives us the opportunity to create some momentum, get wins on the board early. Freo, St Kilda, GWS and Hawks are must wins if we’re to have a crack at the Top 4. Win one of Geelong or Richmond and we’re 5-1 and well on track for the double-chance. Drop Geelong and Richmond and one other and its 3-3 and its just more of the same, inconsistent, mediocrity. Anything less than 3 wins after 6 rounds and I’ll be calling for heads to roll. BB, Yze and Chocco are great additions and I reckon will give the group a real spur. Another pre-season with Burgess as well so I’m genuinely confident and think this group can deliver.

If we’re to have a good season then we have to beat Freo at the G. Simple as that. Freo are a young, developing, well coached team and will be dangerous. They will play well I’m sure. But we’re more experienced and have the better players. If Yze can get our midfield functioning, winning the lion’s share of clearances and with some reasonable delivery I50 we have the fire power to win well. I expect us to win. If we lose then the jungle drums will start beating loudly.

Summary of a HUN article detailing AFL club losses. Sydney had a loss of $6.1m which is pretty severe and we're next at $2.9m. Not sure why St Kilda managed a loss of $1m. I would have thought they are comparable to us in terms of size and scale. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- St Kilda has announced an almost $1 million loss for the last financial year. The net loss of $963,106 follows the devastating financial impact of COVID-19 and comes despite the Saints’ record-breaking membership of 48,775. The club’s overall debt increased by about $1.7 million, in part because of the decision to defer the first instalment of 2021 membership subscriptions. Melbourne also announced an operating loss of $2.9 million for the year, but eliminated its debt and retained almost $1.7 million in cash reserves to remain an “unassisted” AFL club. The financial hit owed to a dramatic $17.9 million decline in revenue as a result of COVID-19. Sydney has recorded a $6.1 million loss because of the COVID-19 pandemic, and Swans chairman Andrew Pridham says it could have been worse. The Swans have revealed the “severe impact” on the club’s bottom line, citing the absence of home matches at the SCG and crowds for the 2020 season contributing to more than half of the big loss for the financial year. The Swans’ membership of 48,322 was well down from 61,912 the previous year while the club reduced operating expenses by 38 per cent in an attempt to “ensure the club’s survival”. Sydney wasn’t the only club hit hard, with Collingwood announcing a net operating loss of $1.8 million and Geelong posting a $2.6 million loss. Earlier this month Richmond revealed it took $10 million in JobKeeper funds before declaring a small profit, well down on the profit of over $4 million in the previous two seasons.

It’s not unusual for key position forwards to bulk up. I’ve heard commentators advising Weiderman to hit the gym and get bigger. The extra bulk helps when crashing the pack, outbodying opponents or protecting the drop zone. I think TMac’s problems started with his foot injury. If the foot is ok then he might be able to get back to a reasonable level of performance. Fingers crossed.

Would Burgess have made the decision though? I would have thought the decision to bulk up was made by the coaching group with Burgess then instructed accordingly.

I think it all depends on keeping rates of infection low as i don't think a vaccine roll-out will be sufficiently progressed to make a difference for this year. If there's a major outbreak, particularly in Melbourne, then it'll be hubs and a revised fixture I reckon.

20 letters. Longest name i could think of.

Hopefully the Oliver contract renewal doesn’t turn into a saga and he signs before the season starts. We don’t want any distractions. I reckon he’ll sign on for another 2 years which will take him to FA.

You are correct. I wonder how much of the line of credit has been used/drawndown?

Depends how financially secure the AFL is. They took out a big loan early in the covid crisis for $500m which was secured against Marvel Stadium. That needs to be repaid and i'd love to know the rate of interest they were charged. HQ was gutted and all the "make work" roles were done away with (which was most of them). Player payments reduced as well. Gill was looking very nervous there for a while but i think the bubble meant a financial crisis was avoided for now. I wouldn't like to be relying on the AFL. Much prefer we retain our financial independence and can make our own decisions.

TMac on the wing! I've heard it all now. I'd play Rosman before i'd play him. He's forward depth. Very expensive forward depth.

I think he’s a long shot and nothing more. If he didn’t have the Farmer name I doubt we’d be giving him a trial. It would be great to see a Farmer running around in the red and blue but I won’t be holding my breath.

No point changing the habit of a lifetime ?

https://resources.melbournefc.com.au/aflc-melb/document/2019/12/16/392d79e2-bd8d-46b4-8db1-57f764504f4d/MFC_Financial-Report_2019_Digital.pdf The above link is to the 2019 financial statements.The sale was accounted for in the 2018 financial year. Looks like the proceeds on sale were $10.65m – see cashflow statement 2018 comparative - Proceeds from sale of discontinued operations. The money was banked. In 2019 some of the funds were re-invested – see $7.6m financial investment on 2019 statement of financial position ($1m + $6.6m) We incurred a loss in the 2019 year of approx. $2m which accounts the majority of the remainder of the Leighoaks proceeds (used to cover the losses). Alternatively you could look at the 2019 cashflow statement which details components of the decrease in the bank account of $10.2m.

The club liquidated the investment of $6.6m which was the wash-up from the Leighoak sale. $2m when to pay-down debt and $3m to fund the operating loss. The remainder is in the bank account. The debt was in the form of commercial bills which can be expensive. Interest expenses was greater than the interest earned on the investment hence made sense to pay down the debt. They are not pretty numbers but we were lucky to have the leighoak proceeds to tide us over. Another year like this year and we’ll either have to tap the AFL, drawdown on the commercial bill facility again or sell the Bentleigh Club and live off the proceeds. Note 2b outlines the basis on which the directors are satisfied to sign off the statements on a going concern basis. I note the auditors haven't included a reference in their audit report to going concern which is positive. Suggests no immediate reasons to be concerned about the financial situation. I’d be interested to see what sponsorship and membership are looking like for 2021. Are we renewing at the same rates or is there a drop-off? I hope the vaccines are effective and we can get back to full crowds again and relative normality otherwise it’ll be another round of wage cuts, reduced list sizes and austerity.

As someone who is highly critical of Goodwin I would much prefer to be proven wrong than right.

I’m pencilling us in for 17 wins and a top 4 finish. Drop games against Richmond, bulldogs (Marvel game win the return at the G), Geelong (last round), Port and West Coast. Get stuffed MFCSS.

I think its great we’ve drawn an inter-state side and don’t have to share a ticket allocation. Hopefully we can keep a lid on Covid infections and get 25,000 Dees supporters into the G for the game.

We agree on one thing at least ?