Bulldogs eradicate debt with third straight significant profit

[bulldogtragic]

Re: Bulldogs eradicate debt with third straight significant profit

An outstanding effort by everyone at the club. 3 years ago I thought we were 10 years away from being debt free.

We have many challenges coming up and we can't take the foot off the accelerator. Our position is still very reliant on membership and the commitment of our supporters so we all have a role to play to .

How great will it be if we can back it up in 12 months with another $1M+ profit announcement?

The days of being known as the struggling club from the West will long behind us

I'm assuming we didn't have Mercedes advance us, nor Bob Jane. So with a bit of luck that cash will give us a big head start towards that profit range you mention. I fear a membership drop off of (worst case) 10% next year. But if we come out guns blazing in the first month, we should grow the membership yet again.

It's just wonderful to know a line in books of $1,000,000 or more was not a benefactor bailing us out. It's great to have those club heroes do those things for us, but it's better to have our masses doing it with competent financial management. Those 2016 players have a huge legacy beyond a flag, they've set in motion a bulldozing of the debt and built the future profits with 4 amazing weeks.

[The Adelaide Connection]

Re: Bulldogs eradicate debt with third straight significant profit

Let’s hope PG can keep turning the screws on city hall to finally get that stadium deal upgrade.

[Dry Rot]

Re: Bulldogs eradicate debt with third straight significant profit

I want us to be in a position where we don't need to rely upon the AFL and any equalisation funding.

We may well have seen the high point of TV rights and net deals. I don't know that an 18 team AFL comp is sustainable.

In time, when they speak of the Big 4 Vic teams, I want the Dogs to be one of them.

[hujsh]

Re: Bulldogs eradicate debt with third straight significant profit

I want us to be in a position where we don't need to rely upon the AFL and any equalisation funding.

We may well have seen the high point of TV rights and net deals. I don't know that an 18 team AFL comp is sustainable.

In time, when they speak of the Big 4 Vic teams, I want the Dogs to be one of them.

Fix up the stadium deal and I suspect we'll basically be there already

[ledge]

Re: Bulldogs eradicate debt with third straight significant profit

Fix up the stadium deal and I suspect we'll basically be there already

Equalization funds = fixing the stadium deal and other abnomalies.
The AFL has more control keeping it as an equalization fund.

[Twodogs]

Re: Bulldogs eradicate debt with third straight significant profit

I want us to be in a position where we don't need to rely upon the AFL and any equalisation funding.

We may well have seen the high point of TV rights and net deals. I don't know that an 18 team AFL comp is sustainable.

In time, when they speak of the Big 4 Vic teams, I want the Dogs to be one of them.

That's assuming the AFL hand out the goodies they have under their control on an equal basis. They don't so we can't see the equalisation fund as something we get as an extra or an add on to the deal we already have. I see your (and agree with) your point about the current conditions continuing on (they won't). But I don't agree that we are the first to get it in the neck when things change. It's simple , if we go down we take the other bastards with us. I see it as a fairly simple equation, either we get to play or no one gets to play. And I'm happy to bring the whole edifice and superstructure down. I'd do it without thinking about it.

[Axe Man]

Re: Bulldogs eradicate debt with third straight significant profit

Hopefully this means we are also going to sign a better deal soon. This should be one of the first items Ameet Bains crosses off his to-do list.

Saints close to resolving Etihad 'hamstring'

ST KILDA is "very close" to finalising a deal with the AFL to see improved financial returns from games it hosts at Etihad Stadium, with a result almost certain to come before the start of next season.

The AFL purchased the Docklands-based venue last October in a huge win for most of the tenant clubs, which have received relatively low revenue compared to what they make when hosting games at the MCG.

Saints CEO Matt Finnis told reporters at Seaford on Friday a resolution was not far away.

"We've been working all year with the AFL and the other tenant clubs on improving the economics of Etihad Stadium. We're getting very close to nailing that down," Finnis said.

"We think we're on the cusp of getting a deal at Etihad Stadium which will now underpin our financial sustainability in the future."

Finnis said the increased funds would allow for more investment in the club's football department, with a new deal to be done before round one in March next year.

"We'd be incredibly disappointed if we hadn't resolved that before the first ball is bounced," Finnis said.

[comrade]

Re: Bulldogs eradicate debt with third straight significant profit

Hopefully this means we are also going to sign a better deal soon. This should be one of the first items Ameet Bains crosses off his to-do list.

Saints close to resolving Etihad 'hamstring'

ST KILDA is "very close" to finalising a deal with the AFL to see improved financial returns from games it hosts at Etihad Stadium, with a result almost certain to come before the start of next season.

The AFL purchased the Docklands-based venue last October in a huge win for most of the tenant clubs, which have received relatively low revenue compared to what they make when hosting games at the MCG.

Saints CEO Matt Finnis told reporters at Seaford on Friday a resolution was not far away.

"We've been working all year with the AFL and the other tenant clubs on improving the economics of Etihad Stadium. We're getting very close to nailing that down," Finnis said.

"We think we're on the cusp of getting a deal at Etihad Stadium which will now underpin our financial sustainability in the future."

Finnis said the increased funds would allow for more investment in the club's football department, with a new deal to be done before round one in March next year.

"We'd be incredibly disappointed if we hadn't resolved that before the first ball is bounced," Finnis said.

Just make me question what the butterfly effect will be. The AFL won't easily give up profits to assist smaller clubs. Other things will be taken away.

[Bulldog Joe]

Re: Bulldogs eradicate debt with third straight significant profit

Just make me question what the butterfly effect will be. The AFL won't easily give up profits to assist smaller clubs. Other things will be taken away.

The AFL is all of the clubs. The profit from Etihad earned by the shabby deals for the clubs in question now belongs to all the clubs.
AFL only play at equalization.

Answer will be in smaller distributions, as they really can't cope with smaller clubs becoming bigger and meriting a fairer fixture.

[Twodogs]

Re: Bulldogs eradicate debt with third straight significant profit

The AFL is all of the clubs. The profit from Etihad earned by the shabby deals for the clubs in question now belongs to all the clubs.
AFL only play at equalization.

Answer will be in smaller distributions, as they really can't cope with smaller clubs becoming bigger and meriting a fairer fixture.

It's a parochial form of equalisation.

[comrade]

Re: Bulldogs eradicate debt with third straight significant profit

The AFL is all of the clubs. The profit from Etihad earned by the shabby deals for the clubs in question now belongs to all the clubs.
AFL only play at equalization.

Answer will be in smaller distributions, as they really can't cope with smaller clubs becoming bigger and meriting a fairer fixture.

Our financial destiny is in our own hands. We need to continue to win on field and increase our fan base, sponsorship etc, and crow bar our way in to the upper echelon. But with the moat the AFL has put around the elite fixtures (except Good Friday!), we're up against it.

[Twodogs]

Re: Bulldogs eradicate debt with third straight significant profit

Our financial destiny is in our own hands. We need to continue to win on field and increase our fan base, sponsorship etc, and crow bar our way in to the upper echelon. But with the moat the AFL has put around the elite fixtures (except Good Friday!), we're up against it.

Up against it is right if the AFL reaction (let's work out everything the Bulldogs do well and outlaw it) to us winning their premiership keeps up. If we dare to win another watch out for the new 'Bulldog players have to kick the ball backwards over their heads when they have a shot for goal' rule to come in.

[Prince Imperial]

Re: Bulldogs eradicate debt with third straight significant profit

Financial report is now available:

http://s.afl.com.au/staticfile/AFL%20Tenant/WesternBulldogs/Articles/Matches%202017/WB_2017FinancialReport.pdf

No loans or borrowings and payables lower but still quite high at $6.9m.

[Bornadog]

Re: Bulldogs eradicate debt with third straight significant profit

Financial report is now available:

http://s.afl.com.au/staticfile/AFL%20Tenant/WesternBulldogs/Articles/Matches%202017/WB_2017FinancialReport.pdf

No loans or borrowings and payables lower but still quite high at $6.9m.

Current Assets lower than current liabilities.

[Prince Imperial]

Re: Bulldogs eradicate debt with third straight significant profit

Current Assets lower than current liabilities.

Indeed, though $1.95m of that is income in advance (i.e. 2018 memberships). This was down 470k on last year which on its own is not a great sign though the membership tally is overall up currently.

Not having to find over 800k each year for gaming machine entitlements is really going to help you would think.