VFL clubs combined $91+ Million debt

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Re: VFL clubs combined $91+ Million debt

Post by Xman »

pussycat wrote:
Xman wrote:
Do any of you clowns have mortgages? A number of wealthy AFL clubs have debt because theyve invested in multi million dollar training facilities. It isnt an issue if you can service your repayments.
but, but, but ............... The question that needs to be asked is why did they try and hide this information? Why did they try to cover it up?? and what else are they hidding???????????????????????

D has really left poor Gillon in it?
how are they hiding it? The level of debt is revealed every year. Tell me, where are the annual financial reports for NRL clubs?

And cut it with the raiderdave act
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Re: VFL clubs combined $91+ Million debt

Post by Swans4ever »

pussycat wrote:
Xman wrote:
Do any of you clowns have mortgages? A number of wealthy AFL clubs have debt because theyve invested in multi million dollar training facilities. It isnt an issue if you can service your repayments.
but, but, but ............... The question that needs to be asked is why did they try and hide this information? Why did they try to cover it up?? and what else are they hidding???????????????????????

D has really left poor Gillon in it?
Why is this an issue the AFL alone has total revenue of over 450 mil, total revenue would be up over a billion in total! That's income that's 1000 per cent more than the debt!!! But RL DOESNT tell us their debt no club tells what their balance sheets, but the NRL paid over 7 mil in cash advances and loans to NRL clubs so what does that tell you!!! Ridiculous thread just another pussy puff price of propaganda against the AFL!
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Re: VFL clubs combined $91+ Million debt

Post by AFLcrap1 »

I think he was talking about this .


Central to the financial stability of the league and its clubs is the AFL’s Future Fund, which the league values at $89.4 million, but has never held more than its current cash value of $63m.


When the ARLC stated a 50 mill figure that was disputed .
Well didn't the media k you fumblers have a song & dance .
Now you mob are collectively ignoring this .

So many Lols with you mob
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Re: VFL clubs combined $91+ Million debt

Post by AFLsforPussies »

Maybe the whole VFL will end up like Bendigo Gold or is it Bendigo Fold :lol: :lol:

Which ever way you look at it, 90 million in debt is not a healthy competition. =D> =D>
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Re: VFL clubs combined $91+ Million debt

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if only the NRLOL clubs financial status was more transparent
Australian sporting sponsorship
AFL excess of $50m
A league $30 million plus
ARU $27 million
NRLOL $25 million

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Re: VFL clubs combined $91+ Million debt

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As NRL side Gold Coast Titans teeters on the brink of survival with debts of up to $35 million, many other football clubs around Australia are struggling financially.

The newly installed independent commission to run rugby league has appointed auditors to look into the situation at Gold Coast, which racked up most of the debts from building a Centre of Excellence adjacent to its Skilled Stadium home ground. The building has been plagued by court action.

But Gold Coast is not the only NRL club with financial difficulties. Just about all clubs are reliant on annual grants from their licensed clubs, while private owners have to dip into their pockets to fund the annual operating shortfalls.
http://www.misaustralia.com.au/p/lifest ... t84JwrRbOJ

There is still uncertainty about the level of debt the Newcastle Knights are carrying, after mining magnate Nathan Tinkler agreed to relinquish control of the NRL club.

Tinkler's Hunter Sports Group yesterday announced that it will have no further role at the club.

It had been under pressure to hand back control after coming under financial difficulties.

There's speculation the club's debt levels may be as high as $20 million, although that has been denied by Nathan Tinkler.
http://www.abc.net.au/news/2014-05-24/k ... go/5475502

THE glamour Broncos Leagues Club is drowning in $10.8 million of debt and embroiled in a desperate fight to avoid going broke.

The Sunday Mail can reveal rugby league’s “Taj Mahal”, which was once Queensland’s No.1 club and poured millions into funding Brisbane’s six premierships, has been haemorrhaging cash for three years and has defaulted on massive loans.


THE days of the "superclub" are over - with the Panthers Group preparing to sell off some of its clubs to rid itself of $80 million debt and return to its core business of football.

Falling drink and food revenues, poker machine tax, smoking bans and the cost of servicing its debts have been blamed for the perilous financial position of the Panthers Group, also known as Penrith Rugby League Club Ltd.
http://www.dailytelegraph.com.au/sport/ ... 6315252406

A pizza shop owner has emerged as the mystery investor who has freed Cronulla of the bank debt that once threatened to ruin the club.

Fairfax Media can reveal a debt of about $3.5 million has been mortgaged to the superannuation fund of Paul Ellams to discharge a long-standing loan from St George Bank. The club's home ground of Remondis Stadium has been given as security.
http://www.canberratimes.com.au/rugby-l ... 33r59.html

Wests Tigers need an urgent cash injection of $1 million to survive - something powerful stakeholder Wests Ashfield will only provide in exchange for control of the joint venture's board.

Fairfax Media can reveal the embattled club has come to the most critical crossroads of its turbulent history, with the Magpies side of the partnership no longer prepared to provide funding without greater control.
http://www.smh.com.au/rugby-league/leag ... 2s7c3.html

:(/ :(/ :(/ :(/ :(/ :(/ :(/
a quick search through google :\:
if only the clubs and the NRLOL commission was more transparent with their financial status! FFS David Smith is even fudging his own codes annual report :thumbleft:
Australian sporting sponsorship
AFL excess of $50m
A league $30 million plus
ARU $27 million
NRLOL $25 million

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Re: VFL clubs combined $91+ Million debt

Post by AFLcrap1 »

Lol articles from 2012 .
Some from 18 months ago .
Tinkler ...
Lol keep grasping at straws .
& why did you once again just ignore this & go on a rant about stuff that is irrelevant to NRL clubs now .




Central to the financial stability of the league and its clubs is the AFL’s Future Fund, which the league values at $89.4 million, but has never held more than its current cash value of $6
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Re: VFL clubs combined $91+ Million debt

Post by Swans4ever »

AFLcrap1 wrote:
Lol articles from 2012 .
Some from 18 months ago .
Tinkler ...
Lol keep grasping at straws .
& why did you once again just ignore this & go on a rant about stuff that is irrelevant to NRL clubs now .




Central to the financial stability of the league and its clubs is the AFL’s Future Fund, which the league values at $89.4 million, but has never held more than its current cash value of $6
But LIC makes a very valid point - that level of debt doesn't just disappear even if 2012 - why isnt the NRL open?? Why is the NRL running so many of its clubs, what is the true level of their debt. Why is it that NRL posters want to just focus on the AFL? Me hears the deflection alert going off!
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Re: VFL clubs combined $91+ Million debt

Post by AFLcrap1 »

Lol we acknowledge we have problems with some clubs .
Poorly run ,ex players wanting to run a business ....
The ARLC is in the process of changing that .


Yet you mob continually ignore the same problems in AFlol land .







The Australian
June 27, 2015 12:00AM

The AFL Commission and its *administration used to be close to infallible. At least in the eyes of this country’s sport watchers. The indigenous competition was flying higher than any other code because it was not fettered by the selfish and parochial views of the clubs that formed the national league.

That was a long time ago. Nobody thinks that any more. The commission and the men and women administrators who answer to it are not nearly as clever as first pictured. Not nearly as transparent as required. Not nearly as constant as hoped.

What many might have suspected is now fact. The confused and opaque treatment of Melbourne’s tanking scandal was not an aberration. It was pretty much the league’s blueprint for crisis management.

Any last suggestion that the league leaders and their underlings performed their job in a manner that the code’s supporters would be comfortable with has been shredded this week. This final reveal has come in two parts. The release on Thursday of a detailed account of the Essendon supplements saga in the book The Straight Dope written by colleague Chip Le Grand and followed yesterday by the AFL’s life ban on medicine man Stephen Dank

While the scandal is closing in on its third birthday, the book exposes the AFL’s dangerous need to control everything that it is involved in, and bludgeon into submission those who resist the league’s wish to manage any and every outcome.

The league is just one villain in a book without heroes. Coach James Hird? He never did understand the core issue in this case that flattened interest in the sport to such an extent people would *report turning off their radios and televisions if the saga and its progress was mentioned.

The book reveals in a meeting with AFL Commission chairman Mike Fitzpatrick that Hird was asked why he did not accept the league’s wishes that he own responsibility for what happened in 2012 at the club. Hird’s reply was that he *believed the club did not cheat.

The coach, and former champion player, of course, was never charged with cheating. The AFL wanted him to step away from the club for 12 months because he did not fulfil his governance responsibilities when club high-performance employee Dank was running a dangerous supplement and drug program which might well have put the health of Hird’s players at great risk.

Hird never accepted his governance accountability or that the AFL, ultimately, was trying to manage the damage to Hird, one of the game’s most adored and *respected figures, as well as to the game. Thus neither the game nor the coach escaped a mudslide of scorn.

Towards nearly the end of part one of the AFL’s role, the league had almost unravelled. Unable to manage the outcome it wanted, the chairman of the Australian Sports Commission, John Wiley, was whistled up to see if he could broker a deal with Essendon’s chairman, Paul Little. And then-chief executive Andrew Demetriou was like a groggy boxer, backed onto the ropes and throwing punches instinctively but without power and precision.

This is the same organisation — except Demetriou has gone and Gillon McLachlan has laced on the chief executive gloves — that is *attempting to steer Australian football to market supremacy nationally while soccer continues to soar and the reformed and *retooled NRL tries to widen its *influence outside NSW and Queensland.

The AFL is attempting to expand the competition as well as equalise it. To many observers it is beginning to appear such aims might be mutually exclusive.

The commission has set aside $200 million to ensure the Gold Coast Suns and the Greater Western Sydney Giants, the game’s 17th and 18th teams, are self-sufficient by 2016. The truth is these clubs might not be able to fund themselves by 3016.

The established clubs are convinced that the push of second teams into Queensland and NSW is starting to strain the commission’s finances. In a series of exclusive reports over the past two weeks, The Australian has exposed a brittle financial structure underpinning the league.

Thirteen clubs — the Suns and the Giants not included because they are being funded by the AFL — are carrying a combined debt of $91m. Last year eight clubs finished in the red.

This season’s results will be no better. Up to eight clubs are forecasting losses again. The Saints and Carlton have budgeted for $2.2m losses. Carlton’s result, in particular, has blown out but they had a poor start to the season and had to remove coach Mick Malthouse.

The Western Bulldogs and *Adelaide forecast losses close to $1m each. Geelong are expecting a negative result anywhere between $250,000 and $500,000, while North Melbourne could lose $60,000. Fremantle and Brisbane might break even.

The Future Fund established by the commission in 2007 has a book value of $89.4m but sits with only $63m in cash. While established to buy assets (Etihad Stadium) and be a reserve to cope with unforeseen financial circumstances, it appears to be used to keep the league turning over.

The AFL denies this but there is no doubt the account is being used for matters other than stated when the commission gave birth to the fund with an initial seeding of $16m in 2007. The past two annual reports record profits of a combined $29m, which are claimed to have been deposited in the Future Fund.

In simple terms that should put the Future Fund at $118m. Yet it is still recorded at $89m but with just $62m in cash. No doubt this is all regulated accounting and there is no suggestion of impropriety, but nonetheless money appears to be drying up at football’s headquarters.

Several clubs are sure the league is haemorrhaging money to its vision of national domination. McLachlan denies these suggestions outright though he acknowledged to The Australian this week that the establishment of the Suns and the Giants has proved more expensive than considered when they were mere doodling on whiteboards.

Increasingly, the AFL is taking money from the more successful clubs and pushing it into equalisation funds. Collingwood and Hawthorn have been the loudest opponents to the introduction of a soft cap on football department spending (not including player payments) and a hefty tax on *revenue growth.

The expenditure tax will provide $3.1m this year while the full impact of revenue from the soft cap on football departments will not be definitive until budget estimates turn into actuals in October. Next season the football department tax becomes more punitive, rising from 37.5 per cent of each dollar over the cap to 75 per cent in 2016.

Clubs with bigger revenue bases and membership rolls than others see this as the AFL asking them to do what is really the job of the commission. Banker to the poor. And money issues might become tighter rather than freer with the new broadcast rights to run for five years from 2017-2021. Already it has been suggested — and not denied — that the AFL will look for at least $1.7bn. That’s up from the present deal of $1.25bn.

The clubs already have their thinning hands out for a greater slice of the new money and the AFL Players Association is determined to garner a bigger cut of the deal for its footballers.

AFLPA boss Paul Marsh has said repeatedly that he wants a *formulated percentage of the broadcast deal and he is prepared to use both the salary cap and draft system for leverage.

Marsh represents a challenging element in the league’s distribution of money. He has come to the job with a clear mandate from his employees to wrench a lot more money for the players from the system.

And this is the AFL Commission’s growing problem. Revenue is not increasing as quickly as the number of mouths growling for a bigger cut. Programs previously driven with zeal by the AFL are now barely propped up. The push for the AFL to have an international presence has evaporated in step with increasing demands on the game’s funds.

When Demetriou delivered so many millions in the first broadcast deal, he was seen as something of a genius. Big money deals became commonplace. Now the market competition is greater, the costs more expensive, the public more discerning.

That’s the problem facing Gillon McLachlan, who heads into his first broadcast deal. Everybody is hungry and getting the MCG to reduce the price of hotdogs and meat Dank affair exposes AFL’s weaknesses
Last edited by AFLcrap1 on Sat Jun 27, 2015 10:13 am, edited 1 time in total.
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Re: VFL clubs combined $91+ Million debt

Post by Swans4ever »

AFLcrap1 wrote:
Lol we acknowledge we have problems with some clubs .
Poorly run ,ex players wanting to run a business ....
The ARLC is in the process of changing that .


Yet you mob continually ignore the same problems in AFlol land .

Dank affair exposes AFL’s weaknesses

The Australian
June 27, 2015 12:00AM

The AFL Commission and its *administration used to be close to infallible. At least in the eyes of this country’s sport watchers. The indigenous competition was flying higher than any other code because it was not fettered by the selfish and parochial views of the clubs that formed the national league.

That was a long time ago. Nobody thinks that any more. The commission and the men and women administrators who answer to it are not nearly as clever as first pictured. Not nearly as transparent as required. Not nearly as constant as hoped.

What many might have suspected is now fact. The confused and opaque treatment of Melbourne’s tanking scandal was not an aberration. It was pretty much the league’s blueprint for crisis management.

Any last suggestion that the league leaders and their underlings performed their job in a manner that the code’s supporters would be comfortable with has been shredded this week. This final reveal has come in two parts. The release on Thursday of a detailed account of the Essendon supplements saga in the book The Straight Dope written by colleague Chip Le Grand and followed yesterday by the AFL’s life ban on medicine man Stephen Dank

While the scandal is closing in on its third birthday, the book exposes the AFL’s dangerous need to control everything that it is involved in, and bludgeon into submission those who resist the league’s wish to manage any and every outcome.

The league is just one villain in a book without heroes. Coach James Hird? He never did understand the core issue in this case that flattened interest in the sport to such an extent people would *report turning off their radios and televisions if the saga and its progress was mentioned.

The book reveals in a meeting with AFL Commission chairman Mike Fitzpatrick that Hird was asked why he did not accept the league’s wishes that he own responsibility for what happened in 2012 at the club. Hird’s reply was that he *believed the club did not cheat.

The coach, and former champion player, of course, was never charged with cheating. The AFL wanted him to step away from the club for 12 months because he did not fulfil his governance responsibilities when club high-performance employee Dank was running a dangerous supplement and drug program which might well have put the health of Hird’s players at great risk.

Hird never accepted his governance accountability or that the AFL, ultimately, was trying to manage the damage to Hird, one of the game’s most adored and *respected figures, as well as to the game. Thus neither the game nor the coach escaped a mudslide of scorn.

Towards nearly the end of part one of the AFL’s role, the league had almost unravelled. Unable to manage the outcome it wanted, the chairman of the Australian Sports Commission, John Wiley, was whistled up to see if he could broker a deal with Essendon’s chairman, Paul Little. And then-chief executive Andrew Demetriou was like a groggy boxer, backed onto the ropes and throwing punches instinctively but without power and precision.


This is the same organisation — except Demetriou has gone and Gillon McLachlan has laced on the chief executive gloves — that is *attempting to steer Australian football to market supremacy nationally while soccer continues to soar and the reformed and *retooled NRL tries to widen its *influence outside NSW and Queensland.

The AFL is attempting to expand the competition as well as equalise it. To many observers it is beginning to appear such aims might be mutually exclusive.

The commission has set aside $200 million to ensure the Gold Coast Suns and the Greater Western Sydney Giants, the game’s 17th and 18th teams, are self-sufficient by 2016. The truth is these clubs might not be able to fund themselves by 3016.


The established clubs are convinced that the push of second teams into Queensland and NSW is starting to strain the commission’s finances. In a series of exclusive reports over the past two weeks, The Australian has exposed a brittle financial structure underpinning the league.


Thirteen clubs — the Suns and the Giants not included because they are being funded by the AFL — are carrying a combined debt of $91m. Last year eight clubs finished in the red
.

This season’s results will be no better. Up to eight clubs are forecasting losses again. The Saints and Carlton have budgeted for $2.2m losses. Carlton’s result, in particular, has blown out but they had a poor start to the season and had to remove coach Mick Malthouse.

The Western Bulldogs and *Adelaide forecast losses close to $1m each. Geelong are expecting a negative result anywhere between $250,000 and $500,000, while North Melbourne could lose $60,000. Fremantle and Brisbane might break even.

The Future Fund established by the commission in 2007 has a book value of $89.4m but sits with only $63m in cash. While established to buy assets (Etihad Stadium) and be a reserve to cope with unforeseen financial circumstances, it appears to be used to keep the league turning over.


The AFL denies this but there is no doubt the account is being used for matters other than stated when the commission gave birth to the fund with an initial seeding of $16m in 2007. The past two annual reports record profits of a combined $29m, which are claimed to have been deposited in the Future Fund.

In simple terms that should put the Future Fund at $118m. Yet it is still recorded at $89m but with just $62m in cash. No doubt this is all regulated accounting and there is no suggestion of impropriety, but nonetheless money appears to be drying up at football’s headquarters.


Several clubs are sure the league is haemorrhaging money to its vision of national domination. McLachlan denies these suggestions outright though he acknowledged to The Australian this week Dank affair exposes AFL’s weaknesses

The Australian
June 27, 2015 12:00AM

The AFL Commission and its *administration used to be close to infallible. At least in the eyes of this country’s sport watchers. The indigenous competition was flying higher than any other code because it was not fettered by the selfish and parochial views of the clubs that formed the national league.

That was a long time ago. Nobody thinks that any more. The commission and the men and women administrators who answer to it are not nearly as clever as first pictured. Not nearly as transparent as required. Not nearly as constant as hoped.

What many might have suspected is now fact. The confused and opaque treatment of Melbourne’s tanking scandal was not an aberration. It was pretty much the league’s blueprint for crisis management.

Any last suggestion that the league leaders and their underlings performed their job in a manner that the code’s supporters would be comfortable with has been shredded this week. This final reveal has come in two parts. The release on Thursday of a detailed account of the Essendon supplements saga in the book The Straight Dope written by colleague Chip Le Grand and followed yesterday by the AFL’s life ban on medicine man Stephen Dank

While the scandal is closing in on its third birthday, the book exposes the AFL’s dangerous need to control everything that it is involved in, and bludgeon into submission those who resist the league’s wish to manage any and every outcome.

The league is just one villain in a book without heroes. Coach James Hird? He never did understand the core issue in this case that flattened interest in the sport to such an extent people would *report turning off their radios and televisions if the saga and its progress was mentioned.

The book reveals in a meeting with AFL Commission chairman Mike Fitzpatrick that Hird was asked why he did not accept the league’s wishes that he own responsibility for what happened in 2012 at the club. Hird’s reply was that he *believed the club did not cheat.

The coach, and former champion player, of course, was never charged with cheating. The AFL wanted him to step away from the club for 12 months because he did not fulfil his governance responsibilities when club high-performance employee Dank was running a dangerous supplement and drug program which might well have put the health of Hird’s players at great risk.

Hird never accepted his governance accountability or that the AFL, ultimately, was trying to manage the damage to Hird, one of the game’s most adored and *respected figures, as well as to the game. Thus neither the game nor the coach escaped a mudslide of scorn.

Towards nearly the end of part one of the AFL’s role, the league had almost unravelled. Unable to manage the outcome it wanted, the chairman of the Australian Sports Commission, John Wiley, was whistled up to see if he could broker a deal with Essendon’s chairman, Paul Little. And then-chief executive Andrew Demetriou was like a groggy boxer, backed onto the ropes and throwing punches instinctively but without power and precision.

This is the same organisation — except Demetriou has gone and Gillon McLachlan has laced on the chief executive gloves — that is *attempting to steer Australian football to market supremacy nationally while soccer continues to soar and the reformed and *retooled NRL tries to widen its *influence outside NSW and Queensland.

The AFL is attempting to expand the competition as well as equalise it. To many observers it is beginning to appear such aims might be mutually exclusive.

The commission has set aside $200 million to ensure the Gold Coast Suns and the Greater Western Sydney Giants, the game’s 17th and 18th teams, are self-sufficient by 2016. The truth is these clubs might not be able to fund themselves by 3016.

The established clubs are convinced that the push of second teams into Queensland and NSW is starting to strain the commission’s finances. In a series of exclusive reports over the past two weeks, The Australian has exposed a brittle financial structure underpinning the league.

Thirteen clubs — the Suns and the Giants not included because they are being funded by the AFL — are carrying a combined debt of $91m. Last year eight clubs finished in the red.

This season’s results will be no better. Up to eight clubs are forecasting losses again. The Saints and Carlton have budgeted for $2.2m losses. Carlton’s result, in particular, has blown out but they had a poor start to the season and had to remove coach Mick Malthouse.

The Western Bulldogs and *Adelaide forecast losses close to $1m each. Geelong are expecting a negative result anywhere between $250,000 and $500,000, while North Melbourne could lose $60,000. Fremantle and Brisbane might break even.

The Future Fund established by the commission in 2007 has a book value of $89.4m but sits with only $63m in cash. While established to buy assets (Etihad Stadium) and be a reserve to cope with unforeseen financial circumstances, it appears to be used to keep the league turning over.

The AFL denies this but there is no doubt the account is being used for matters other than stated when the commission gave birth to the fund with an initial seeding of $16m in 2007. The past two annual reports record profits of a combined $29m, which are claimed to have been deposited in the Future Fund.

In simple terms that should put the Future Fund at $118m. Yet it is still recorded at $89m but with just $62m in cash. No doubt this is all regulated accounting and there is no suggestion of impropriety, but nonetheless money appears to be drying up at football’s headquarters.

Several clubs are sure the league is haemorrhaging money to its vision of national domination. McLachlan denies these suggestions outright though he acknowledged to The Australian this week that the establishment of the Suns and the Giants has proved more expensive than considered when they were mere doodling on whiteboards.

Increasingly, the AFL is taking money from the more successful clubs and pushing it into equalisation funds. Collingwood and Hawthorn have been the loudest opponents to the introduction of a soft cap on football department spending (not including player payments) and a hefty tax on *revenue growth.

The expenditure tax will provide $3.1m this year while the full impact of revenue from the soft cap on football departments will not be definitive until budget estimates turn into actuals in October. Next season the football department tax becomes more punitive, rising from 37.5 per cent of each dollar over the cap to 75 per cent in 2016.

Clubs with bigger revenue bases and membership rolls than others see this as the AFL asking them to do what is really the job of the commission. Banker to the poor. And money issues might become tighter rather than freer with the new broadcast rights to run for five years from 2017-2021. Already it has been suggested — and not denied — that the AFL will look for at least $1.7bn. That’s up from the present deal of $1.25bn.

The clubs already have their thinning hands out for a greater slice of the new money and the AFL Players Association is determined to garner a bigger cut of the deal for its footballers.

AFLPA boss Paul Marsh has said repeatedly that he wants a *formulated percentage of the broadcast deal and he is prepared to use both the salary cap and draft system for leverage.

Marsh represents a challenging element in the league’s distribution of money. He has come to the job with a clear mandate from his employees to wrench a lot more money for the players from the system.

And this is the AFL Commission’s growing problem. Revenue is not increasing as quickly as the number of mouths growling for a bigger cut. Programs previously driven with zeal by the AFL are now barely propped up. The push for the AFL to have an international presence has evaporated in step with increasing demands on the game’s funds.

When Demetriou delivered so many millions in the first broadcast deal, he was seen as something of a genius. Big money deals became commonplace. Now the market competition is greater, the costs more expensive, the public more discerning.

That’s the problem facing Gillon McLachlan, who heads into his first broadcast deal. Everybody is hungry and getting the MCG to reduce the price of hotdogs and meat Dank affair exposes AFL’s weaknesses

The Australian
June 27, 2015 12:00AM

The AFL Commission and its *administration used to be close to infallible. At least in the eyes of this country’s sport watchers. The indigenous competition was flying higher than any other code because it was not fettered by the selfish and parochial views of the clubs that formed the national league.

That was a long time ago. Nobody thinks that any more. The commission and the men and women administrators who answer to it are not nearly as clever as first pictured. Not nearly as transparent as required. Not nearly as constant as hoped.

What many might have suspected is now fact. The confused and opaque treatment of Melbourne’s tanking scandal was not an aberration. It was pretty much the league’s blueprint for crisis management.

Any last suggestion that the league leaders and their underlings performed their job in a manner that the code’s supporters would be comfortable with has been shredded this week. This final reveal has come in two parts. The release on Thursday of a detailed account of the Essendon supplements saga in the book The Straight Dope written by colleague Chip Le Grand and followed yesterday by the AFL’s life ban on medicine man Stephen Dank

While the scandal is closing in on its third birthday, the book exposes the AFL’s dangerous need to control everything that it is involved in, and bludgeon into submission those who resist the league’s wish to manage any and every outcome.

The league is just one villain in a book without heroes. Coach James Hird? He never did understand the core issue in this case that flattened interest in the sport to such an extent people would *report turning off their radios and televisions if the saga and its progress was mentioned.

The book reveals in a meeting with AFL Commission chairman Mike Fitzpatrick that Hird was asked why he did not accept the league’s wishes that he own responsibility for what happened in 2012 at the club. Hird’s reply was that he *believed the club did not cheat.

The coach, and former champion player, of course, was never charged with cheating. The AFL wanted him to step away from the club for 12 months because he did not fulfil his governance responsibilities when club high-performance employee Dank was running a dangerous supplement and drug program which might well have put the health of Hird’s players at great risk.

Hird never accepted his governance accountability or that the AFL, ultimately, was trying to manage the damage to Hird, one of the game’s most adored and *respected figures, as well as to the game. Thus neither the game nor the coach escaped a mudslide of scorn.

Towards nearly the end of part one of the AFL’s role, the league had almost unravelled. Unable to manage the outcome it wanted, the chairman of the Australian Sports Commission, John Wiley, was whistled up to see if he could broker a deal with Essendon’s chairman, Paul Little. And then-chief executive Andrew Demetriou was like a groggy boxer, backed onto the ropes and throwing punches instinctively but without power and precision.

This is the same organisation — except Demetriou has gone and Gillon McLachlan has laced on the chief executive gloves — that is *attempting to steer Australian football to market supremacy nationally while soccer continues to soar and the reformed and *retooled NRL tries to widen its *influence outside NSW and Queensland.

The AFL is attempting to expand the competition as well as equalise it. To many observers it is beginning to appear such aims might be mutually exclusive.

The commission has set aside $200 million to ensure the Gold Coast Suns and the Greater Western Sydney Giants, the game’s 17th and 18th teams, are self-sufficient by 2016. The truth is these clubs might not be able to fund themselves by 3016.

The established clubs are convinced that the push of second teams into Queensland and NSW is starting to strain the commission’s finances. In a series of exclusive reports over the past two weeks, The Australian has exposed a brittle financial structure underpinning the league.

Thirteen clubs — the Suns and the Giants not included because they are being funded by the AFL — are carrying a combined debt of $91m. Last year eight clubs finished in the red.

This season’s results will be no better. Up to eight clubs are forecasting losses again. The Saints and Carlton have budgeted for $2.2m losses. Carlton’s result, in particular, has blown out but they had a poor start to the season and had to remove coach Mick Malthouse.

The Western Bulldogs and *Adelaide forecast losses close to $1m each. Geelong are expecting a negative result anywhere between $250,000 and $500,000, while North Melbourne could lose $60,000. Fremantle and Brisbane might break even.

The Future Fund established by the commission in 2007 has a book value of $89.4m but sits with only $63m in cash. While established to buy assets (Etihad Stadium) and be a reserve to cope with unforeseen financial circumstances, it appears to be used to keep the league turning over.

The AFL denies this but there is no doubt the account is being used for matters other than stated when the commission gave birth to the fund with an initial seeding of $16m in 2007. The past two annual reports record profits of a combined $29m, which are claimed to have been deposited in the Future Fund.

In simple terms that should put the Future Fund at $118m. Yet it is still recorded at $89m but with just $62m in cash. No doubt this is all regulated accounting and there is no suggestion of impropriety, but nonetheless money appears to be drying up at football’s headquarters.

Several clubs are sure the league is haemorrhaging money to its vision of national domination. McLachlan denies these suggestions outright though he acknowledged to The Australian this week that the establishment of the Suns and the Giants has proved more expensive than considered when they were mere doodling on whiteboards.

Increasingly, the AFL is taking money from the more successful clubs and pushing it into equalisation funds. Collingwood and Hawthorn have been the loudest opponents to the introduction of a soft cap on football department spending (not including player payments) and a hefty tax on *revenue growth.

The expenditure tax will provide $3.1m this year while the full impact of revenue from the soft cap on football departments will not be definitive until budget estimates turn into actuals in October. Next season the football department tax becomes more punitive, rising from 37.5 per cent of each dollar over the cap to 75 per cent in 2016.

Clubs with bigger revenue bases and membership rolls than others see this as the AFL asking them to do what is really the job of the commission. Banker to the poor. And money issues might become tighter rather than freer with the new broadcast rights to run for five years from 2017-2021. Already it has been suggested — and not denied — that the AFL will look for at least $1.7bn. That’s up from the present deal of $1.25bn.

The clubs already have their thinning hands out for a greater slice of the new money and the AFL Players Association is determined to garner a bigger cut of the deal for its footballers.

AFLPA boss Paul Marsh has said repeatedly that he wants a *formulated percentage of the broadcast deal and he is prepared to use both the salary cap and draft system for leverage.

Marsh represents a challenging element in the league’s distribution of money. He has come to the job with a clear mandate from his employees to wrench a lot more money for the players from the system.

And this is the AFL Commission’s growing problem. Revenue is not increasing as quickly as the number of mouths growling for a bigger cut. Programs previously driven with zeal by the AFL are now barely propped up. The push for the AFL to have an international presence has evaporated in step with increasing demands on the game’s funds.
Hypocrite!!! NRL has the same problems!
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Re: VFL clubs combined $91+ Million debt

Post by AFLcrap1 »

Lol I'm a hypocrite .
I acknowledge the problems .


This is your typical fumble fan
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Re: VFL clubs combined $91+ Million debt

Post by leagueiscrap »

AFLcrap1 wrote:
Lol articles from 2012 .
Some from 18 months ago .
Tinkler ...
Lol keep grasping at straws .
& why did you once again just ignore this & go on a rant about stuff that is irrelevant to NRL clubs now .




Central to the financial stability of the league and its clubs is the AFL’s Future Fund, which the league values at $89.4 million, but has never held more than its current cash value of $6
so millions of dollars of debt just vanishes overnight spazza? FMD you really have NFI
if the NRLOL clubs made their full financials available like the AFL ones you will find they will be financial basketcases!
even on top of the much lower running costs of running an NRLOL club :)))
playing in front of empty stadiums costs money, it doesn't make money :\:
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Re: VFL clubs combined $91+ Million debt

Post by Swans4ever »

AFLcrap1 wrote:
Lol I'm a hypocrite .
I acknowledge the problems .


This is your typical fumble fan
?????? What does a general for a dictatorship has to do with your argument - I just made the point that 1st the situation (which is not disputed exists) is being made to sound dire to sell papers - 10 out 18 clubs will make profits??? Look at the EPL and their level debt and how many of those clubs make profits. 2nd the NRL also has the same problem with them being forced to run clubs who are so debt stricken and mismanaged, that just makes you a hypocrite. Lastly the NRL clubs are complaining about their commission and their perceived mismanagement and interfering with clubs. That makes you an A grade idiot and hypocrite for going down this path!!
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Re: VFL clubs combined $91+ Million debt

Post by Xman »

AFLcrap1 wrote:
Lol I'm a hypocrite .
I acknowledge the problems .


This is your typical fumble fan
there are problems but they are far from insurmountable
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Re: VFL clubs combined $91+ Million debt

Post by AFLcrap1 »

Lol you should be the last person saying someone else has NFI .
Lol x 1000

Simple fact is the NRL is in a far better place financially than 5 yrs ago .

The AFLs debt is spiralling madly .

Tell me stupid .
Did you even read the article .

The future fund is NOT the amount the Aflol claims .
Lol
That article exposes many home truths that you dumb fans just can't grasp .
You've been fed so much propaganda by Vlad & co over the yrs you just can't see the real story .

On the other hand we RL fans get every bit of negativity about our sport shoved down our throat by the media.

We know where we stand
You mob have until recently ( shown by this article ) been shielded from the not so nice by the AFL managed media .
Sweep sweep .might work for awhile ,but eventually the rug can't hold anymore .


Deal with it dumbo .
Your sport is having a lot of dirty laundry exposed .
I'm loving it .
For so long the Aflol,media,Fans etc looked down their nose at RL .
Taking the moral high ground .

Lol the ground gets unsteady when you're standing on a big pile of shit .
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