Thanks Thanks:  7
Likes Likes:  14
Results 1 to 15 of 15
  1. #1
    Join Date
    Nov 2008
    Location
    Warragul
    Posts
    4,115
    Post Thanks / Like

    Bulldogs announce sixth consecutive profit

    Bulldogs announce sixth consecutive profit

    The Western Bulldogs have announced a total profit of $2,980,693 for 2019.

    It is the Club’s sixth consecutive year of total profits, and its fourth consecutive year of total profits in excess of $1 million.

    The Club finished the financial year with net assets of $48,785,225 (up from $45,804,532 in 2018) and cash at hand of $7,893,272.

    The Bulldogs achieved its profit in a year in which the Club also significantly increased football department spending. Revenue growth was assisted by membership sales, match receipts and corporate hospitality and events.

    The Club’s two home games in Ballarat were strongly supported, and its average home game attendance at Marvel Stadium also grew significantly, to over 30,000.

    “This is another financial result which will strengthen the Club’s off-field position and help us invest in our future,” said Bulldogs President Peter Gordon.

    “Our management and staff have done a tremendous job to enable us to invest more in football, in the Whitten Oval, and into our community, as well as to get out of gaming. I am especially proud of the continued great work done this year by the Western Bulldogs Community Foundation.

    “We are entering an exciting new phase with the redevelopment of the Whitten Oval precinct, and we will continue our work to ensure we can deliver on our master plan.”

    The Club recently executed an agreement to sell its two gaming businesses (Peninsula Club in Dromana and Club Leeds in Footscray), with the sale process expected to be complete in early 2020 upon finalisation of regulatory requirements.

    The current year financial statements do not include gains attributable to the sale of the gaming businesses.

    “The sale of the gaming operations has already created some new revenues in 2020 and will also provide significant capital to the Club which can be redeployed in other areas of operations and in the redevelopment of the VU Whitten Oval. Breaking free of gaming is a financial challenge for a club like ours but it’s not impossible, and it can be done financially prudently.” Mr Gordon said.

    “The Club has been preparing since 2016 for its exit from the gaming industry. The key challenge now is to build our financial resilience without gaming. That means we have to replace the gaming income with revenues from healthier enterprises.

    “Bulldogs people who support this change and who believe in what the Club stands for on the field and in the community need to show that support by committing to membership of the Bulldogs. We punch above our weight and we persevere. That’s what it means to be a Bulldog.”

    Read the Full Financial Report for 2019

  2. #2
    Join Date
    Nov 2008
    Posts
    1,120
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    We have come a long, long way from 1989. Kudos to everyone who has contributed to get us to this point. Especially the long term loyal members. Well done all.

  3. Likes Eastdog, Raw Toast liked this post
  4. #3
    Join Date
    Mar 2012
    Location
    north-west willy
    Posts
    992
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Massive effort from everyone from the President down. And the members.

  5. #4
    Join Date
    Nov 2006
    Location
    Doglands
    Posts
    25,996
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Well done to our dedicated and high performing off field team

    Could anyone have predicted a sustain level of profit performances like this 7 years ago?
    Tough times don't last, tough people do
    "He'll accumulate and be involved, but we're looking a qualitative sheen on his game that we need, and it is part of our scope to score"

  6. #5
    Join Date
    Jul 2007
    Location
    Tassie (but wishes i was onstage with KISS) !!!
    Posts
    1,980
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Fantastic effort. Well done to all those involved at the club.
    I will never see #16 the same!!

  7. #6
    Join Date
    Jul 2008
    Location
    Surf Coast
    Posts
    5,006
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Another great result, if the financial success starts to transcend onto the field we will be breaking records all round.
    “In 2020, we will believe that we are closer than we may be, but we will prepare like we’re further away than ever.” - senior coach Luke Beveridge.

  8. Likes Eastdog liked this post
  9. #7
    Join Date
    Oct 2007
    Location
    flemington
    Posts
    2,506
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Great great stuff. How good is this after all those years of anguish about the future of the club. We are flying. Not everything is perfect of course but we just seem to be, on the whole, making good decisions. And that includes drafting and trading.

  10. Likes Eastdog liked this post
  11. #8
    Join Date
    Feb 2012
    Location
    EJ Whitten Stand
    Posts
    13,771
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Great result! Our club has come a long way and nowadays we are very much financially secure. Go the Dogs!
    Last edited by Eastdog; 30-11-2019 at 03:12 PM.
    AFL PREMIERS 2016

  12. #9
    Join Date
    Jan 2007
    Location
    Wherever the dogs are playing
    Posts
    40,831
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Great news and effort by the club
    Premierships: AFL 1954, 2016 VFA - 1898,99,1900, 1908, 1913, 1919-20, 1923-24, VFL: 2014, 2016 . Champions of Victoria 1924. AFLW - 2018.

  13. #10
    Join Date
    Jan 2007
    Posts
    2,497
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Unbelievable. Brilliant stuff.
    Never hate your enemies. It affects your judgment.

  14. #11
    Join Date
    Apr 2010
    Location
    The Kennel
    Posts
    1,148
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    It's great news! That's on the back of nearly a million extra for the footy dept. 24.9->25.8 million.

    We did receive 2 mill in state government grants for aflw which helps and 1.54 million from discontinued operations which I can't quite work out. The bulk of that is listed as intangibles.
    Take these out we ran at a small loss before redevelopment activities of 163k. Last year we were 600k in the black.

    8 mill cash is a great effort and the continued worth of the precinct rising.

    My take very healthy, and I reckon we will turn that 163k red back to black this season with increased membership revenues and we will get a short term boost from the sale of gaming.

  15. Thanks Twodogs, HOSE B ROMERO thanked for this post
    Likes WBFC4FFC, Eastdog liked this post
  16. #12
    Join Date
    Dec 2007
    Location
    sydenham
    Posts
    10,625
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Quote Originally Posted by Grantysghost View Post
    It's great news! That's on the back of nearly a million extra for the footy dept. 24.9->25.8 million.

    We did receive 2 mill in state government grants for aflw which helps and 1.54 million from discontinued operations which I can't quite work out. The bulk of that is listed as intangibles.
    Take these out we ran at a small loss before redevelopment activities of 163k. Last year we were 600k in the black.

    8 mill cash is a great effort and the continued worth of the precinct rising.

    My take very healthy, and I reckon we will turn that 163k red back to black this season with increased membership revenues and we will get a short term boost from the sale of gaming.
    Definitively a big profit coming next year, will be interesting to see just what we got from the pokies sales.
    Bring back the biff

  17. #13
    Join Date
    Jan 2007
    Location
    Wherever the dogs are playing
    Posts
    40,831
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    All this money will be used for the redevelopment of the ground.
    Premierships: AFL 1954, 2016 VFA - 1898,99,1900, 1908, 1913, 1919-20, 1923-24, VFL: 2014, 2016 . Champions of Victoria 1924. AFLW - 2018.

  18. Likes Eastdog liked this post
  19. #14
    Join Date
    Nov 2006
    Posts
    24,486
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Can someone just indulge me for a moment and explain what 'Cash at Hand' means? (I think that I know what it means but I'm not sure) Does that mean if someone comes along and says "Hey Western Bulldogs, you owe us 7 million bucks" that we could just go to the bank take out the 7 mil and pay the debt and have 7 hundred and fifty thousand sitting in the bank? Is it like a rainy day fund?
    WOOF NUMBER 6

  20. #15
    Join Date
    Jan 2007
    Location
    Wherever the dogs are playing
    Posts
    40,831
    Post Thanks / Like

    Re: Bulldogs announce sixth consecutive profit

    Quote Originally Posted by Twodogs View Post
    Can someone just indulge me for a moment and explain what 'Cash at Hand' means? (I think that I know what it means but I'm not sure) Does that mean if someone comes along and says "Hey Western Bulldogs, you owe us 7 million bucks" that we could just go to the bank take out the 7 mil and pay the debt and have 7 hundred and fifty thousand sitting in the bank? Is it like a rainy day fund?
    Exactly that, money sitting in the bank.
    Premierships: AFL 1954, 2016 VFA - 1898,99,1900, 1908, 1913, 1919-20, 1923-24, VFL: 2014, 2016 . Champions of Victoria 1924. AFLW - 2018.

  21. Thanks Twodogs thanked for this post

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •