-
Re: Bulldogs record consecutive profit
Im very grateful for PG's massive donation, and I'm sure our executive are doing everything they can to steer us towards producing a more sustainable financial result. However it really does highlight how precarious our situation is and how urgent it is that we find ways to grow our revenue base. How long can we expect to have $1m donations coming in to bolster our bottom line?
-
Re: Bulldogs record consecutive profit
There's a difference between donations and profit. PG has lent one million to the club interest free,(a truly magnificent gesture) the million won't count towards profits or income but the interest savings vs borrowing a mill from the bank (let's say $48k) definitely helps our profit and loss and costs.
-
Re: Bulldogs record consecutive profit
The article is a bit confusing in that regard T&T. It states PG gave the club a $1mill interest free loan in 2013, which the club repaid in 2015. He subsequently then 're-donated' the million. Not sure if that means re-lent, or just donated?
-
Post Thanks / Like - 0 Thanks, 1 Likes
-
Re: Bulldogs record consecutive profit
Originally Posted by
PeanutsPeanuts
The article is a bit confusing in that regard T&T. It states PG gave the club a $1mill interest free loan in 2013, which the club repaid in 2015. He subsequently then 're-donated' the million. Not sure if that means re-lent, or just donated?
I took at is he gave it back as a donation.
More of an In Bruges guy?
-
Re: Bulldogs record consecutive profit
Originally Posted by
azabob
I took at is he gave it back as a donation.
I did too, but it's poorly worded. If the original money was a loan, the 2nd transfer is not a re-donation. Either way doesn't quite make sense.
-
Re: Bulldogs record consecutive profit
Peter Gordon continues to do everything he can to turn our club into a successful one.
I just hope we get a a big spike in memberships and attendance at games as a way of saying thanks for all his efforts.
Western Bulldogs Football Club "Where it's cool to drool"
-
Re: Bulldogs record consecutive profit
http://www.theage.com.au/afl/afl-new...06-gmnb1h.html
This article paints our financial position in a fairly healthy light compared to a few of the other Victorian clubs.
Over the 2 years on the table, our combined profit is third highest, only behind Hawthorn and Collingwood.
Our revenue has steadily grown over each of the past 5 years and is now well higher than North and StKilda's.
Given strong membership growth this year and healthy on-field prospects, it does feel like we are in a position to really establish ourselves as a sustainable, strong club. We've just got to sustain this momentum.
Another key factor is the stadium deal. There have been some hints that the AFL could purchase Etihad early, possibly even this year. This is a big story for us, potentially a massive turning point.
Such exciting times.
-
Post Thanks / Like - 1 Thanks, 0 Likes
-
Re: Bulldogs record consecutive profit
Does anyone else see an issue for Hawthorn, having been gifted training facilities and presence in the eastern suburbs seriously in trouble when they have a 30% reduction in membership revenue through inevitable poor performance at the end of their reign and an $8.3M debt burden?
What's driving that massively high number?
-
Re: Bulldogs record consecutive profit
Originally Posted by
PeanutsPeanuts
http://www.theage.com.au/afl/afl-new...06-gmnb1h.html
This article paints our financial position in a fairly healthy light compared to a few of the other Victorian clubs.
Over the 2 years on the table, our combined profit is third highest, only behind Hawthorn and Collingwood.
Our revenue has steadily grown over each of the past 5 years and is now well higher than North and StKilda's.
Given strong membership growth this year and healthy on-field prospects, it does feel like we are in a position to really establish ourselves as a sustainable, strong club. We've just got to sustain this momentum.
Another key factor is the stadium deal. There have been some hints that the AFL could purchase Etihad early, possibly even this year. This is a big story for us, potentially a massive turning point.
Such exciting times.
My only issue is we still have a huge debt ( third largest in VIC) that we have not made any inroads into for a very long time. This is costing us a lot of interest.
Originally Posted by
jeemak
Does anyone else see an issue for Hawthorn, having been gifted training facilities and presence in the eastern suburbs seriously in trouble when they have a 30% reduction in membership revenue through inevitable poor performance at the end of their reign and an $8.3M debt burden?
What's driving that massively high number?
Is it the purchase of land to build their new super training centre?
FFC: Established 1883
Premierships: AFL 1954, 2016 VFA - 1898,99,1900, 1908, 1913, 1919-20, 1923-24, VFL: 2014, 2016 . Champions of Victoria 1924. AFLW - 2018.
-
Re: Bulldogs record consecutive profit
Originally Posted by
jeemak
Does anyone else see an issue for Hawthorn, having been gifted training facilities and presence in the eastern suburbs seriously in trouble when they have a 30% reduction in membership revenue through inevitable poor performance at the end of their reign and an $8.3M debt burden?
What's driving that massively high number?
It's purposeful so they can pay less to the equalization fund.
Debt is not necessarily a bad thing.
Western Bulldogs: 2016 Premiers
-
Re: Bulldogs record consecutive profit
Originally Posted by
Mofra
It's purposeful so they can pay less to the equalization fund.
Debt is not necessarily a bad thing.
It's cheap at the moment.