Re: Richmond faces $1m hole after 5400 members fall off from this time last year
Originally Posted by
Swoop
I know Collingwood had to write off their losses after the hotel mistakes but are they really struggling financially? My understanding was they were still posting numbers as strong as ever in all areas besides some aftermath from the hotels that still lingers.
They are still no 1 for membership revenue so I can't see them in trouble for too long. Writedowns may not have a real impact on cashflow unless the loss is crystalised upon disposal.
Western Bulldogs: 2016 Premiers