pookus wrote:eelofwest wrote:King-Eliagh wrote:The GC and GWS surely require significantly more funding than any of the poor NRL clubs...
Chuck in Port and Demons and they have a huge problem.
NRL has the storm only who are loosing anything near these 4 AFL clubs.
Black hole clubs for the AFL and NRL.
1. GWS 150million over 5 years. Issy Falou 6million
2. Suns 150million over 5 years. Karmicheal hunt millions
3. Port i hear are loosing 7 million or so PA.
4. Demons are loosing about 7 PA.
5. Storm are loosing about 7 PA.
Feel free to add to this blackhole list, i am unsure if there are any bigger then these 5.
That is the order of the highest black holes in the AFL and NRL
AFL 1.250m minus 300million for GWS 6m for issy falou over 5 years, Suns karmicheal 6m over 5 years, Port handouts 35m over 5 years, demons 35m over 5 years handouts =
868million.
NRL 1.025million + NZ sky 100m appox + 150m for internet rights - The Storm 35million over 5 years =
1240million.
Where do you get these numbers from.They are all wrong.The expansion will cost about 60 million in the next five years.Port lost 2 Melbourne just over one and the Suns claimed a small profit.It was declared that every league club apart from the Broncs loses money.They said it loud and clear at the press conferance.This was to get everyone prepared for the fact that the clubs will take nearly all the money you guys just recieved.As I said before if your going to put down some kind of contrived spread sheet then get it right.Buddy the AFL are still 100's of millions ahead,expanding,live and owned by the game.League can only dream.
http://www.foxsports.com.au/AFL/AFL-pre ... 6274854353
AFL chief Andrew Demetriou reveals debt of all 18 clubs is the worst in competition's history
Andrew Demetriou
Looking to the future ... Demetriou wants to work with the clubs to help rid the game of debt. Source: News Limited
AFL chief executive Andrew Demetriou has revealed the debt of the 18 clubs - understood to be more than $40 million - is the worst it has been in the competition's history.
Demetriou admitted the level of collective debt at club level had to be addressed as a matter of urgency, saying Port Adelaide was the club that worried him most.
"It is a real concern," he said this week in an exclusive interview with Sunday Herald Sun columnist Shane Crawford.
"The total debt of the clubs in the competition today is the highest it has ever been.
"We have flagged that this is a year of consolidation. We have brought in two new clubs, we have a CBA, we have done the broadcast deal, we have re-signed all our sponsors. We have done all our big deals.
"Now we have to look after the existing clubs and help them get some control over their debt."
The AFL will relay the actual figure to its clubs within the next week, but it is understood to be between $40 million and $50 million.
50 million debt from the clubs last year......mmmm yes AFL are all profitable...
