2009 Financial Report

[Prince Imperial]

Re: 2009 Financial Report

I think Carlton is now receiving funds and they are a so called big club why arent they mentioned as much as we are.
Does anyone know who all the clubs are that receive this and is it the same amount for all?
Must be figures somewhere on this.

I don't know the 2009 figures but this is available in the 2008 AFL Report:

WB - $1.7m
NM - $1.4m
Melb - $1.0m
Syd - $0.7m
Carl - $0.6m
Rich - $0.4m
Haw - $0.25m
PA - $0.25m

I doubt that these figures would have changed much in 2009.

http://www.afl.com.au/portals/0/afl_docs/afl_hq/annual_reports/2008/p86-95-Finance_and_Legal.pdf

[EasternWest]

Re: 2009 Financial Report

That may well be, but it still highlights that unless this is rectified permanently then our finances and our viability remain tied to the whim and largess of the AFL.
I guess that is why it is seen as vital by Rose and Smorgon that we develop long term alternative streams of revenue, such as the Edgewater development and the Public Housing development project.

Jeff Tweedy is right. We've got to make our own money via other avenues. I'm so sick of hearing about how we're being propped up by the league. I want us to dominate in all facets, so there can be no excuses when we win it all.

[ledge]

Re: 2009 Financial Report

I don't know the 2009 figures but this is available in the 2008 AFL Report:

WB - $1.7m
NM - $1.4m
Melb - $1.0m
Syd - $0.7m
Carl - $0.6m
Rich - $0.4m
Haw - $0.25m
PA - $0.25m

I doubt that these figures would have changed much in 2009.

http://www.afl.com.au/portals/0/afl_..._and_Legal.pdf

That surprises me that we get the most.

[Bornadog]

Re: 2009 Financial Report

That surprises me that we get the most.

We get screwed the most with stadium deals

[LostDoggy]

Re: 2009 Financial Report

i too elected not to receive a hardcopy of the report (to save the club the printing costs!). For those who have, can you please tell us what the operating profit (not including whitten oval funding) was? The $3.2m figure cited above would have included that. That nz article last week suggested it was just under 800k.

$820,204

[alwaysadog]

Re: 2009 Financial Report

Some perspective is needed on this figure of $820,204, yes we are still a long way from where we would all like us to be and until we can trade at a profit on our own and look at debt reduction we shouldn't be satisfied. But we came from a long way back; the year before Cam took over we lost a cool $1m, couldn't pay for adequate football dept. staff and our facilities were cactus. The latter two of those points have been addressed and we are trading $1.8m better as well.

If I had posted 6-7 years ago that we would have rebuilt the WO, could pay the full salary cap and expand football dept. costs someone I'm sure would have made an appointment for me with a psychiatrist, not that that isn't still necessary, but not for these reasons.

And might I repeat things should get better from here, as I noted earlier we have a better stadium deal, we have VU rent on facilities to come in the near future, and if the Edgewater devt goes ahead even more revenue to come.

So there has been an imaginative and bold plan to rejuvenate facilities, maximise existing revenue streams and to create new sources.To have come to where we are now is an enormous effort and a great credit to the current admin. While there is no cause for complacency there is cause for optimism.

[alwaysadog]

Re: 2009 Financial Report

I don't know the 2009 figures but this is available in the 2008 AFL Report:

WB - $1.7m
NM - $1.4m
Melb - $1.0m
Syd - $0.7m
Carl - $0.6m
Rich - $0.4m
Haw - $0.25m
PA - $0.25m

I doubt that these figures would have changed much in 2009.

http://www.afl.com.au/portals/0/afl_..._and_Legal.pdf

Port will get more and I think Brizzie is either getting some or about to.

[alwaysadog]

Re: 2009 Financial Report

Jeff Tweedy is right. We've got to make our own money via other avenues. I'm so sick of hearing about how we're being propped up by the league. I want us to dominate in all facets, so there can be no excuses when we win it all.

Couldn't agree more, but I'm fed up with those jealous of our current and likely successes who use this as an excuse to cover their envy. This and the suggestion that we don't play fair are the two most evident and frequently used envy strategies.

Remember also if they support any of NM, Melb, Syd, Carl, Rich, Haw or PA the pot is calling the kettle black.

In fact I'd be interested to know if there is a single club that hasn't received a "Handout"at some stage .

[Prince Imperial]

Re: 2009 Financial Report

$820,204

Thanks. This is a really good result and now means we have made $2m in operating profits in the last 3 years with the figure increasing every year. Still a lot of variables but with Whitten Oval subleasing rental income, the new Kooga sponsorship and the improved stadium deal this all bodes well for 2010.

I

[EasternWest]

Re: 2009 Financial Report

Couldn't agree more, but I'm fed up with those jealous of our current and likely successes who use this as an excuse to cover their envy. This and the suggestion that we don't play fair are the two most evident and frequently used envy strategies.

Remember also if they support any of NM, Melb, Syd, Carl, Rich, Haw or PA the pot is calling the kettle black.

In fact I'd be interested to know if there is a single club that hasn't received a "Handout"at some stage .

I've never heard that. In reference to what?

[LongWait]

Re: 2009 Financial Report

Couldn't agree more, but I'm fed up with those jealous of our current and likely successes who use this as an excuse to cover their envy. This and the suggestion that we don't play fair are the two most evident and frequently used envy strategies.

Remember also if they support any of NM, Melb, Syd, Carl, Rich, Haw or PA the pot is calling the kettle black.

In fact I'd be interested to know if there is a single club that hasn't received a "Handout"at some stage .

Clubs like Collingwood receive a "handout" several times a year by way of playing in the various blockbusters, by fixturing them to gain premium free-to-air TV slots and by infrequently travelling interstate.

Unless the AFL has a draw which is purely blind (random) and unless the AFL negotiates the stadium deals and then splits the proceeds between all clubs (as with the broadcast rights) we will forever have a competition in which all clubs receive "handouts" without there being any transparency about the benefits that some clubs, like Collingwood, receive.

Without transparency we will always be a soft target for ill-informed sniping.

[Murphy'sLore]

Re: 2009 Financial Report

That would be an article from the national broadsheet ''The Australian'' . Which when reading articles relating to our club appears to have some childish vendetta. Messers Smith,reilly,and the king arseclown Denham

Does anyone have a link to this "Australian" article? I be interested to have a look at it.

[LostDoggy]

Re: 2009 Financial Report

As long as the AFL has a schedule rather than a draw and as long as we help subsidise the wealthier clubs by allowing them to play more FTA games and taking that annoying Mother's Day game off their hands, we deserve all the compensation we get.

I guess we can think of it as a handling fee.

[alwaysadog]

Re: 2009 Financial Report

I've never heard that. In reference to what?

There is a long history of accusing us of sharp practice no matter what the ocasion. I argue that it goes back to the 1920s and possibly earlier. I'm not saying we are squeeky clean but we are no worse and probably a lot better than most.

Any one who looks at the incredible conditions that were placed on our original entry into the VFL which included banning our then president and benefactor and various of our best players. The fact that it took so long to get in while St Kilda a perrenial under achiever got in much earlier, points to the lack of veracity in the historic claims that entry was performance based.

There are many more, they crop up each time we have looked like succeeding the most recent examples being in the late 1990s when our success under Terry Wallace was largely attributed to cheating etc, and earlier this year when Carro wrote a nasty piece which suggested that we cheated in getting Mission Foods on board a as sponsor over the Dees.

Of course she is now on side as Susan A has gone in to bat for her and women in football.

This undermining of our credibility and morale doesn't appear obvious until it's pointed out as it was to me as a fairly young child, but it's there nevertheless and it's impact is on going.

[Bornadog]

Re: 2009 Financial Report

WESTERN BULLDOGS

Profit: $3.21 million
Last year: $3.18 million
Revenue: $31.8 million
Football department costs: $13.3 million
Membership income: $4.84 million
Sponsorship income: not disclosed
Gaming income: not disclosed


WITH $12.5 million owing to Westpac falling due this year, and just $5.6 million in current assets, the Bulldogs need either a loan extension or a big cash injection.

Directors say the club depends on the continued support of the AFL. Take away $2.9 million in government money for the redevelopment of the Whitten Oval and the Bulldogs operating profit was $820,000.

I pointed this out last year and was worried. This is a big concern and needs to be eradicated.