GVGjr
10-11-2008, 07:15 PM
How great would it be to announce s result like the Roos are about to this week?
I wonder what the secret for their success is. I tip my hat to Brayshaw and co for this result.
This from the Hun
NORTH Melbourne will announce its first $1 million profit this week.
A year after rejecting the Gold Coast as a permanent base, North is expected to declare it had a $1.1 million operating surplus on the 2008 season.
It is believed the club has also managed to reduce its debt, from $4.2 million to $3.2 million, during the year.
The 2008 result was accumulated largely from membership, which grew from 22,000 to 34,000.
Despite the club failing to emulate the preliminary final finish to 2007, and thus be eligible for nearly $300,000 extra prizemoney that was earned in that year, the 2008 profit bettered last year's by more than $800,000.
North's board committed an additional $800,000 to the football department in 2008 and has pledged to again bolster that department next year.
The club's auditors are set to sign off on the 2008 books, which will record a "total profit" of $6 million, a figure that takes in an "abnormal" $5 million of State and Federal Government funding associated with the redevelopment of the club's Arden St headquarters.
Work is expected to begin on the redevelopment by February, with the local council formally approving the club's plans last week.
Five companies are considering tendering for the $16 million project, which will provide new offices and training facilities.
A multicultural centre will be incorporated into the site, along with other community benefits.
As well as membership on the 2008 books, North recorded significant revenue increases in sponsorship and corporate support, as well as its annual running of the official AFL Grand Final breakfast.
Match-day returns were down, because of the conversion of many supporters into members.
It is believed the club made less than $600,000 from its eight home matches at Telstra Dome, a figure that Geelong makes in profit from each of its home games at Skilled Stadium.
While North will next year lose Vodafone, one of its joint major sponsors from 2008, it recently re-signed a lucrative deal with long-time backer Mazda.
That major sponsorship will run for the 2009 and 2010 seasons.
The Western Bulldogs, Melbourne and Richmond remain without a major sponsor for 2009, a worrying situation and one difficult to overcome given the global financial crisis.
I wonder what the secret for their success is. I tip my hat to Brayshaw and co for this result.
This from the Hun
NORTH Melbourne will announce its first $1 million profit this week.
A year after rejecting the Gold Coast as a permanent base, North is expected to declare it had a $1.1 million operating surplus on the 2008 season.
It is believed the club has also managed to reduce its debt, from $4.2 million to $3.2 million, during the year.
The 2008 result was accumulated largely from membership, which grew from 22,000 to 34,000.
Despite the club failing to emulate the preliminary final finish to 2007, and thus be eligible for nearly $300,000 extra prizemoney that was earned in that year, the 2008 profit bettered last year's by more than $800,000.
North's board committed an additional $800,000 to the football department in 2008 and has pledged to again bolster that department next year.
The club's auditors are set to sign off on the 2008 books, which will record a "total profit" of $6 million, a figure that takes in an "abnormal" $5 million of State and Federal Government funding associated with the redevelopment of the club's Arden St headquarters.
Work is expected to begin on the redevelopment by February, with the local council formally approving the club's plans last week.
Five companies are considering tendering for the $16 million project, which will provide new offices and training facilities.
A multicultural centre will be incorporated into the site, along with other community benefits.
As well as membership on the 2008 books, North recorded significant revenue increases in sponsorship and corporate support, as well as its annual running of the official AFL Grand Final breakfast.
Match-day returns were down, because of the conversion of many supporters into members.
It is believed the club made less than $600,000 from its eight home matches at Telstra Dome, a figure that Geelong makes in profit from each of its home games at Skilled Stadium.
While North will next year lose Vodafone, one of its joint major sponsors from 2008, it recently re-signed a lucrative deal with long-time backer Mazda.
That major sponsorship will run for the 2009 and 2010 seasons.
The Western Bulldogs, Melbourne and Richmond remain without a major sponsor for 2009, a worrying situation and one difficult to overcome given the global financial crisis.