Membership 2017 - Target 50,000

[Nuggety Back Pocket]

Peter Gordon mentioned that there was a debt reduction this year. He seemed comfortable with our debt level.

Imagine if we made a dent in the finals campaign again this year what it would do to our membership numbers for 2018?

My understanding is that the debt after our Premiership win went from 12 million down to just 2 million, which is an exceptional performance. It means that with our salary cap we can be more than competitive.

[bornadog]

My understanding is that the debt after our Premiership win went from 12 million down to just 2 million, which is an exceptional performance. It means that with our salary cap we can be more than competitive.

I may be wrong, but depends on how you define debt.

Pretty sure we still have a loan of around $5 million (someone correct me if incorrect)

[ledge]

My understanding is that the debt after our Premiership win went from 12 million down to just 2 million, which is an exceptional performance. It means that with our salary cap we can be more than competitive.

Salary cap is irrelevant we all have to pay the same , it's more to do with money for coaches and training expenses.

[bornadog]

Salary cap is irrelevant we all have to pay the same, it's more to do with money for coaches and training expenses.

Pretty sure NBP means we can have the money to spend our cap. For many years we were sitting on 90 to 95% not 100%

[Axe Man]

Re the debt during the previous financial year:

The Western Bulldogs Football Club has announced an operating profit of $3,641,018 for the year ended 31 October 2016. It is the third consecutive year of profit for the Club.

The Club’s total revenue rose to a record $48.4 million, surpassing last year’s previous record of $41.3m.

The Club’s net debt reduced from $8.3m to $1.9m in the 12 month period.

Link

[Axe Man]

I may be wrong, but depends on how you define debt.

Pretty sure we still have a loan of around $5 million (someone correct me if incorrect)

Loans of around $4 million at 31 October 2016 according to the financials.

[ledge]

Loans of around $4 million at 31 October 2016 according to the financials.

Good chance that could be knocked off after this years membership growth and crowd figures, we might not have made finals this year but last years success made sure this year would be a great year too financially.

[Nuggety Back Pocket]

Pretty sure NBP means we can have the money to spend our cap. For many years we were sitting on 90 to 95% not 100%

That is exactly what I meant. Appreciate the clarification.

[bornadog]

Loans of around $4 million at 31 October 2016 according to the financials.

Cheers, I thought it was still right up there. Need to get rid of it and not pay interest for nothing.

[Twodogs]

Loans of around $4 million at 31 October 2016 according to the financials.

I don't understand how our debt is 1.9m but we have loans of 4m. Unless we are planning on not paying back the money we borrowed then it shouldn't be counted amonst the money we owe which is what our debt is. Isn't it?

[hujsh]

I don't understand how our debt is 1.9m but we have loans of 4m. Unless we are planning on not paying back the money we borrowed then it shouldn't be counted amonst the money we owe which is what our debt is. Isn't it?

It'd be net debt. 4 mil in loans and an ability to pay 2.1 in the short term if required

[bornadog]

I don't understand how our debt is 1.9m but we have loans of 4m. Unless we are planning on not paying back the money we borrowed then it shouldn't be counted amonst the money we owe which is what our debt is. Isn't it?

Loan is what we owe the bank.

Net debt is the overall financial situation by subtracting the total value of a company's liabilities and debts from the total value of its cash, cash equivalents and other liquid assets, a process called netting.

[Twodogs]

Loan is what we owe the bank.

Net debt is the overall financial situation by subtracting the total value of a company's liabilities and debts from the total value of its cash, cash equivalents and other liquid assets, a process called netting.

Gotcha.

[Scraggers]

Loan is what we owe the bank.

Net debt is the overall financial situation by subtracting the total value of a company's liabilities and debts from the total value of its cash, cash equivalents and other liquid assets, a process called netting.

Are we allowed to count the Bont or JJ as an asset against the net debt?

[Axe Man]

Are we allowed to count the Bont or JJ as an asset against the net debt?

The trouble with that is there are a few players one could argue should count as a liability.