all the but but butting in the world cannot excuse this inept ... poor mangement
one of a long list to come ...
VFL .. on its knees
http://www.news.com.au/sport/AFL/lions- ... 6521576561
BRISBANE Lions want urgent talks with the Queensland Government about their crippling Gabba tenancy deal after announcing a $2.5 million loss yesterday.
The Lions posted a net operating loss of $2,513,262 for the financial year ending October 31. It was Brisbane's third-straight seven-figure loss. They lost $2.5 million in 2010 and another $1.8 million last year.
The Lions also recorded a $603,207 loss in 2009 and a $2.2 million loss in 2008.
Brisbane chairman Angus Johnson yesterday called for calm and assured members about the club's future.
Johnson said he was "really confident" the club would soon be in the black.
The final figure was a result of depreciation and interest costs relating to the Lions social club at Springwood, Johnson said.
He said negotiation with the State Government over the rental agreement at the Gabba was Brisbane's top priority.
"We have a stadium agreement that is no longer appropriate," Johnson said.
"It is due to be re-negotiated in a couple of years anyway but the whole thing really does need to be looked at.
"We will be having discussions with the Government about how we can work with them to end up with an outcome that works for them and makes it more equitable from our point of view."
Johnson said speculation the Lions would close their Melbourne office was incorrect and the Etihad Stadium-based operation would remain open.
He said the prospect of better on-field results would also help the club's bottom line.
Brisbane's 2012 financial report revealed the club's total turnover was $43.9 million, while the Springwood social club had a turnover of $13.7 million. The football department's expenditure for the year was $17.2 million.
Johnson said the Springwood social club remained the "jewel in the crown" of the Lions and a financial success story.
