The juggernaut continues

[Swans4ever]

On the back of 2mil profit in 2011, 7.83 mil in 2012, the Collingwood FC announced another profit for 2013 of 5.225 mil! Looking at their stats they now have to be regarded as THE GREATEST club in ANY code in Australia - The Brisbane Broncos have stated that they aim to be bigger than Collingwood - all I can say is they have A LONG way to go! Wow just wow!

Collingwood's 2013 financial result
November 25, 2013 10:30 PM

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The Collingwood Football Club has announced a net operating profit of $5.225 million and a net profit of $16.375million for the financial year ending October 31, 2013.

The Collingwood Football Club has announced a net operating profit of $5.225 million and a net profit of $16.375 million for the financial year ending October 31, 2013, a sum which included development funding of $11.150 million.

Collingwood raised its year-on-year revenue by $2.6 million and lifted overall turnover above $75 million ($75,238,531), a result built largely on the back of record membership of over 80,000 (80,456) – a new club and AFL record.

“As per our promise to supporters, the profits will continue to be invested back into the club’s two key stakeholders, being the playing group and fans,” Collingwood chief executive Gary Pert said.

“This year we invested an extra $600,000 into our membership services and an extra $1.3 million into our football department.

“The rest of the club profits are earmarked to help fund the new community facilities bordering our Westpac Centre training ground, which will require extra club funding of $15 million over the next three years.

“It has never been more important in Australian sport to be financially sustainable, to be able to determine our own future, retain our identity and protect our brand.”

Collingwood president Eddie McGuire lauded the profit and said it was great work by the entire team.

“This is a great result for the club built on the outstanding support of our members and corporate partners, strong board level leadership and the efforts of a first class administration,” Collingwood president Eddie McGuire said.

“The club’s strong financial position has allowed us to create the ultimate Collingwood vision of Australian sport’s best training and administrative complex, a facility that can hold its own against the best sports clubs around the world.

“We know that to provide our players, coaches and staff with the best facilities and opportunities to succeed in an increasingly difficult environment that we must remain financially healthy and independent.”

Collingwood’s 2013 net operating profit result is declared at $5,225,741, with the inclusion of a $10 million Federal Government contribution to the $25 million community facility and a further grant of $1,150,000 from the Melbourne and Olympic Parks Trust rolled into the overall profit figure of $16,375,000.

“The next development phase will be pay off for our social club members and the broader community. With a special focus on women’s sports and fitness activities, it stands to be a wonderful asset for the people of Melbourne,” McGuire said.”

The chairman of the Collingwood finance and governance committee, Mark Korda, said: “Collingwood has, over the last four years, restored its balance sheet and now has net assets of over $35 million and is debt free. It is a position everyone involved with the club should be proud of.”

The annual general meeting for the 2013 season will be held on February 11, 2014, at the MCG. Full details of the AGM will be communicated to members.

Highlights of Collingwood’s 2013 financial year include:
- Net operating profit of $5.225 million
- Total revenue of $75,238, 531, up from $72,613,914 in 2012
- Football department expenditure increased to $22,459,510, up from $21,167,238 in 2012
- Record membership figure of 80,456, up from 73,605 in 2012
- Collingwood’s net asset position improved to $35,067,587, up from $18,691,856 in 2012

- See more at: http://m.collingwoodfc.com.au/news/2013 ... O3Hmb.dpuf

[NRLCrap1]

Collingwood have the advantage of having the biggest fan base of any sporting club in the country. Have to give credit where credit is due on that.

[Fred]

Go pies

[Swans4ever]

Magpies on track for 100,000 members
Peter Ryan
December 11, 2013 7:56 AM


Collingwood is confident of reaching 100,000 members in 2014
AFTER recording a profit of more than $5 million last month on the back of 80,000 members in 2013, Collingwood has let the world know it has already signed 60,000 members for next season.

Despite finishing eighth after defeat in week one of the finals, losing premiership players Heath Shaw and Dale Thomas (to the Giants and Carlton respectively) and delisting Alan Didak, Darren Jolly and Andrew Krakouer, the Magpies are confident they will pass the 100,000 members' mark for the first time.

Club president Eddie McGuire said it was a significant pre-Christmas result.

"Over the past seven years we have more than doubled our membership, which is why we are on track to break our target of 100,000 members," he said.

CEO Gary Pert said that 20,000 Collingwood members were from outside Victoria and they stayed connected through the club's digital offerings.

Collingwood's financial strength and huge membership has made it a significant voice in discussions around equalisation, which look set to dominate the AFL landscape in 2014.

After spending $22.5 million on its football department it is loath to accept any restraint on its spending.

The Magpies have been critical of the expenditure of some clubs in the pre-season, questioning their decisions to go overseas to altitude or heat training and want to ensure clubs that receive shared revenue are managed sensibly.

WOW JUST WOW!

[Fred]

Currently over 60000 members ... Before Christmas

[ParraEelsNRL]

With 90,000 of them being pet memberships!

[Fred]

Ill bet you 1000 dollars they're not?

[Swans4ever]

With 90,000 of them being pet memberships!

Your not serious are you?

[Raiderdave]

With 90,000 of them being pet memberships!

Your not serious are you?

same question to you re your spelling

its
you're not serious ..... you illiterate twat :_<> :_<> :_<> :_<>

& it wouldn't be 90,000 pet memberships
it'd be 85,000

how else does a team with a membership like that get crowds as low as 30,000
answer
many collingdon members are make believe

[adamj1300]

With 90,000 of them being pet memberships!

a lot of pets. the NRL clubs offer the same.
collingwood along with richmond offered a heap of 1 game memberships through out last year and they count them in there over all total.
but over all the pies membership did generate around 15 million for the club, according to its financial reports. which is still more than what any NRL generates through, memberships, sponsorship & revenue from crowds :_<> :_<> :_<>

[Raiderdave]

hmmmm

I think I've found the secret of collingmonds financial success

http://www.dailytelegraph.com.au/sport/ ... 6780048991


COLLINGWOOD pocketed more than $600,000 in interest after banking a controversial $10 million federal government grant last year.

The grant - for community facilities at the Magpies' Olympic Park base - was announced in May 2012 and came as a surprise to the State Government, which through the Melbourne Olympic Park Trust owned and managed the land.

Collingwood said the funding agreement with the former Labor government stipulated that interest earned on the grant be directed back into the project.

NEW NAME FOR HARRY

The club said the scope of the project had been widened because of the interest windfall.

After the funding announcement, Victorian sports minister Hugh Delahunty said: "The tenant has announced starting a renovation without approval from the landlord first" while federal Liberal senator Cory Bernardi blasted the deal as "slipshod".

The $10 million grant and associated interest - along with a further $1.15 million grant from the MOPT for the refurbishment of Collingwood's office facility - were included in the club's total revenue figure of $75 million for the year ending October 31.

The Magpies received a total of $935,798 in interest - up from $389,748 in 2012.

Collingwood said preparatory works were underway on the community facility and hoped to finalise the tender process for a builder within a fortnight.






Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart

Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart Source: News Limited


The project has now received approval from all authorities, with the club spending $1.29 million of grant and interest money on the planning and approval process.

The original forecast was for the project to cost $15 million, but that figure could now exceed $20 million.

Collingwood yesterday said it may spend $10 million of its own money.

The club said the community facility would allow greater access to the Olympic Park Oval, provide public toilets and locker rooms, links to the river, riding and walking trails and the Tan. Meeting and event rooms, a health and wellness centre, cafe and theatrette are also planned.

No new drawings or impressions of the facility were available last night.

A spokesman for Federal Sports Minister Peter Dutton said "This is one of numerous projects provided with grants by the previous government.

"Details of the interest earned have been reported to the department. The new Coalition Government is bound by the existing contract on this project."

The Herald Sun understands that whether to pay grant money upfront is a decision made at the government's discretion.

The project is expected to be completed by June 2015.


fucking slimebags
how dare they take tax payers money via a grant . then not spend any of it for what it was given to them for .. bank it & take the interest earnt on it

fuck me
& we're supposed to admire these filthy scum ?

it is obscene
but typical of what silmebag VFL clubs get up to if given half a chance
disgusting
a disgrace

a juggernaut
I think not

I

think not

[Swans4ever]

hmmmm

I think I've found the secret of collingmonds financial success

http://www.dailytelegraph.com.au/sport/ ... 6780048991


COLLINGWOOD pocketed more than $600,000 in interest after banking a controversial $10 million federal government grant last year.

The grant - for community facilities at the Magpies' Olympic Park base - was announced in May 2012 and came as a surprise to the State Government, which through the Melbourne Olympic Park Trust owned and managed the land.

Collingwood said the funding agreement with the former Labor government stipulated that interest earned on the grant be directed back into the project.

NEW NAME FOR HARRY

The club said the scope of the project had been widened because of the interest windfall.

After the funding announcement, Victorian sports minister Hugh Delahunty said: "The tenant has announced starting a renovation without approval from the landlord first" while federal Liberal senator Cory Bernardi blasted the deal as "slipshod".

The $10 million grant and associated interest - along with a further $1.15 million grant from the MOPT for the refurbishment of Collingwood's office facility - were included in the club's total revenue figure of $75 million for the year ending October 31.

The Magpies received a total of $935,798 in interest - up from $389,748 in 2012.

Collingwood said preparatory works were underway on the community facility and hoped to finalise the tender process for a builder within a fortnight.






Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart

Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart Source: News Limited


The project has now received approval from all authorities, with the club spending $1.29 million of grant and interest money on the planning and approval process.

The original forecast was for the project to cost $15 million, but that figure could now exceed $20 million.

Collingwood yesterday said it may spend $10 million of its own money.

The club said the community facility would allow greater access to the Olympic Park Oval, provide public toilets and locker rooms, links to the river, riding and walking trails and the Tan. Meeting and event rooms, a health and wellness centre, cafe and theatrette are also planned.

No new drawings or impressions of the facility were available last night.

A spokesman for Federal Sports Minister Peter Dutton said "This is one of numerous projects provided with grants by the previous government.

"Details of the interest earned have been reported to the department. The new Coalition Government is bound by the existing contract on this project."

The Herald Sun understands that whether to pay grant money upfront is a decision made at the government's discretion.

The project is expected to be completed by June 2015.


fucking slimebags
how dare they take tax payers money via a grant . then not spend any of it for what it was given to them for .. bank it & take the interest earnt on it

fuck me
& we're supposed to admire these filthy scum ?

it is obscene
but typical of what silmebag VFL clubs get up to if given half a chance
disgusting
a disgrace

a juggernaut
I think not

I

think not

Jealousy me thinks! Oh and don't it hurt RD don't it hurt sooooooo bad!

[adamj1300]

hmmmm

I think I've found the secret of collingmonds financial success

http://www.dailytelegraph.com.au/sport/ ... 6780048991


COLLINGWOOD pocketed more than $600,000 in interest after banking a controversial $10 million federal government grant last year.

The grant - for community facilities at the Magpies' Olympic Park base - was announced in May 2012 and came as a surprise to the State Government, which through the Melbourne Olympic Park Trust owned and managed the land.

Collingwood said the funding agreement with the former Labor government stipulated that interest earned on the grant be directed back into the project.

NEW NAME FOR HARRY

The club said the scope of the project had been widened because of the interest windfall.

After the funding announcement, Victorian sports minister Hugh Delahunty said: "The tenant has announced starting a renovation without approval from the landlord first" while federal Liberal senator Cory Bernardi blasted the deal as "slipshod".

The $10 million grant and associated interest - along with a further $1.15 million grant from the MOPT for the refurbishment of Collingwood's office facility - were included in the club's total revenue figure of $75 million for the year ending October 31.

The Magpies received a total of $935,798 in interest - up from $389,748 in 2012.

Collingwood said preparatory works were underway on the community facility and hoped to finalise the tender process for a builder within a fortnight.






Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart

Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart Source: News Limited


The project has now received approval from all authorities, with the club spending $1.29 million of grant and interest money on the planning and approval process.

The original forecast was for the project to cost $15 million, but that figure could now exceed $20 million.

Collingwood yesterday said it may spend $10 million of its own money.

The club said the community facility would allow greater access to the Olympic Park Oval, provide public toilets and locker rooms, links to the river, riding and walking trails and the Tan. Meeting and event rooms, a health and wellness centre, cafe and theatrette are also planned.

No new drawings or impressions of the facility were available last night.

A spokesman for Federal Sports Minister Peter Dutton said "This is one of numerous projects provided with grants by the previous government.

"Details of the interest earned have been reported to the department. The new Coalition Government is bound by the existing contract on this project."

The Herald Sun understands that whether to pay grant money upfront is a decision made at the government's discretion.

The project is expected to be completed by June 2015.


fucking slimebags
how dare they take tax payers money via a grant . then not spend any of it for what it was given to them for .. bank it & take the interest earnt on it

fuck me
& we're supposed to admire these filthy scum ?

it is obscene
but typical of what silmebag VFL clubs get up to if given half a chance
disgusting
a disgrace

a juggernaut
I think not

I

think not

the Government gives every sports code money. its been giving money to the NRL for years, to prop up their shttly little club suburban grounds & facilities. pumped millions in to other stadiums in sydney. with seeing minimal in returns.

[Fred]

With 90,000 of them being pet memberships!

Your not serious are you?

same question to you re your spelling

its
you're not serious ..... you illiterate twat :_<> :_<> :_<> :_<>

& it wouldn't be 90,000 pet memberships
it'd be 85,000

how else does a team with a membership like that get crowds as low as 30,000
answer
many collingdon members are make believe

See aflcrap Dave doesn't understand memberships and makes stupid comments like above. Do you concur with his statement

[Raiderdave]

hmmmm

I think I've found the secret of collingmonds financial success

http://www.dailytelegraph.com.au/sport/ ... 6780048991


COLLINGWOOD pocketed more than $600,000 in interest after banking a controversial $10 million federal government grant last year.

The grant - for community facilities at the Magpies' Olympic Park base - was announced in May 2012 and came as a surprise to the State Government, which through the Melbourne Olympic Park Trust owned and managed the land.

Collingwood said the funding agreement with the former Labor government stipulated that interest earned on the grant be directed back into the project.

NEW NAME FOR HARRY

The club said the scope of the project had been widened because of the interest windfall.

After the funding announcement, Victorian sports minister Hugh Delahunty said: "The tenant has announced starting a renovation without approval from the landlord first" while federal Liberal senator Cory Bernardi blasted the deal as "slipshod".

The $10 million grant and associated interest - along with a further $1.15 million grant from the MOPT for the refurbishment of Collingwood's office facility - were included in the club's total revenue figure of $75 million for the year ending October 31.

The Magpies received a total of $935,798 in interest - up from $389,748 in 2012.

Collingwood said preparatory works were underway on the community facility and hoped to finalise the tender process for a builder within a fortnight.






Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart

Collingwood's Dane Swan pictured during training at the Westpac Centre, December 9, 2013. Picture: Mark Stewart Source: News Limited


The project has now received approval from all authorities, with the club spending $1.29 million of grant and interest money on the planning and approval process.

The original forecast was for the project to cost $15 million, but that figure could now exceed $20 million.

Collingwood yesterday said it may spend $10 million of its own money.

The club said the community facility would allow greater access to the Olympic Park Oval, provide public toilets and locker rooms, links to the river, riding and walking trails and the Tan. Meeting and event rooms, a health and wellness centre, cafe and theatrette are also planned.

No new drawings or impressions of the facility were available last night.

A spokesman for Federal Sports Minister Peter Dutton said "This is one of numerous projects provided with grants by the previous government.

"Details of the interest earned have been reported to the department. The new Coalition Government is bound by the existing contract on this project."

The Herald Sun understands that whether to pay grant money upfront is a decision made at the government's discretion.

The project is expected to be completed by June 2015.


fucking slimebags
how dare they take tax payers money via a grant . then not spend any of it for what it was given to them for .. bank it & take the interest earnt on it

fuck me
& we're supposed to admire these filthy scum ?

it is obscene
but typical of what silmebag VFL clubs get up to if given half a chance
disgusting
a disgrace

a juggernaut
I think not

I

think not

the Government gives every sports code money. its been giving money to the NRL for years, to prop up their shttly little club suburban grounds & facilities. pumped millions in to other stadiums in sydney. with seeing minimal in returns.

FFS ... the dumbness

Govt's don't give codes money to sit in their bank accounts & earn them interest you twat
you seek a grant & spend it

& if Collinscat are such a juggernaut
why do they even need tax payers money :_<> :_<> :_<> :_<>

another VFL club telling porkies about their actual financial situation me thinks
much worse then they let on eh