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Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 3:06 pm
by WookieReturns
leeroy*NRL* wrote: Mon Oct 07, 2024 2:00 pm
Last time i heard they were around 14 million in Debt that was a few years ago..
any idea what it is around now?
The Lions have 8m in debt as of Oct 30 last year, due to the Springfield development
The Company has an $8.0 million (2022: $8.0 million) cash advance facility with Westpac expiring 31 December 2024, that is secured by a General Security over all of the Company’s existing and future assets and undertakings. The facility is also secured by a guarantee and indemnity issued by the AFL expiring 31 January 2025. The average interest rate on cash advanced was 4.38% (2022: 1.58%). The amount drawn at 31 October 2023 was $8 million (2022: $8 million)
GWS and Giants cannot carry debt, they are free for all paid organisation year in year out.
They can carry debt like any other business. The Suns did have a 1.59m loan with NAB, this has been replaced with a 1.5m dollar loan from the AFL. The Giants have a 9.9m loan from the AFL.
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 3:20 pm
by azif
WookieReturns wrote: Mon Oct 07, 2024 2:52 pm
azif wrote: Fri Oct 04, 2024 7:34 pm
leeroy*NRL* wrote: Fri Oct 04, 2024 6:33 pm
Predictions on AFL handouts to
the Vietnam War Clubs
sitting at around $65mill for both clubs last year.
do i hear 70 Million ?
I understand it was a bit more then that in 2023
around 70 mill ... 36 for the grants & 34 for the thuns
surprisingly .... at numb 3 right up their bums.... was the Wions on 33 mill
Fucking yawn. Like usual, you understand fuck all and make it up the rest. The figures are bad enough without you overstatiung them
2023 AFL Distributions
Gold Coast 28.88m (Suns Report) 33.114m (AFL Report)
GWS 32.18m (Giants Report) 32.494m (AFL Report)
Brisbane 27.44m (Lions Report) 27.724m (AFL Report)
The differences come out due to the centralised nature of league revenues, including sponsorships, promotional work and ground management fees (Suns).
The base club entitlement was 11.42m in 2023. These three clubs received on average 19.69m over the base distribution.
that another roy morgan survey there ?
enough but but but fumbler ....the 2 GFs in a row wions are in deep doo doo & have been for 20 years .. & it doesn't look like its improving much
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 3:25 pm
by WookieReturns
azif wrote: Mon Oct 07, 2024 3:20 pm
that another roy morgan survey there ?
No unlike you, I have the actual data not fucking guesswork.
This comes straight from the club and league annual reports.
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 4:07 pm
by azif
WookieReturns wrote: Mon Oct 07, 2024 3:25 pm
azif wrote: Mon Oct 07, 2024 3:20 pm
that another roy morgan survey there ?
No unlike you, I have the actual data not fucking guesswork.
This comes straight from the club and league annual reports.
no
all you have is but but but fumbler ...
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 4:17 pm
by WookieReturns
azif wrote: Mon Oct 07, 2024 4:07 pm
no
all you have is but but but fumbler ...
and you have literally nothing...except your head up your own but but
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 4:32 pm
by leeroy*NRL*
WookieReturns wrote: Mon Oct 07, 2024 3:06 pm
leeroy*NRL* wrote: Mon Oct 07, 2024 2:00 pm
Last time i heard they were around 14 million in Debt that was a few years ago..
any idea what it is around now?
The Lions have 8m in debt as of Oct 30 last year, due to the Springfield development
The Company has an $8.0 million (2022: $8.0 million) cash advance facility with Westpac expiring 31 December 2024, that is secured by a General Security over all of the Company’s existing and future assets and undertakings. The facility is also secured by a guarantee and indemnity issued by the AFL expiring 31 January 2025. The average interest rate on cash advanced was 4.38% (2022: 1.58%). The amount drawn at 31 October 2023 was $8 million (2022: $8 million)
GWS and Giants cannot carry debt, they are free for all paid organisation year in year out.
They can carry debt like any other business. The Suns did have a 1.59m loan with NAB, this has been replaced with a 1.5m dollar loan from the AFL. The Giants have a 9.9m loan from the AFL.
8 Million, that is nothing really in the scheme of things, i think they will get a huge splurge of cash from the GF Win
which will flow through, 2025 could be there biggest yet
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 6:41 pm
by Fred
Any good business uses other people”s money. 101 in business is never use your own money.
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 6:59 pm
by WookieReturns
Fred wrote: Mon Oct 07, 2024 6:41 pm
Any good business uses other people”s money. 101 in business is never use your own money.
Also loans are fine, as long as they are serviceable and dont get away from you
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 7:04 pm
by Terry
WookieReturns wrote: Mon Oct 07, 2024 3:06 pm
leeroy*NRL* wrote: Mon Oct 07, 2024 2:00 pm
Last time i heard they were around 14 million in Debt that was a few years ago..
any idea what it is around now?
The Lions have 8m in debt as of Oct 30 last year, due to the Springfield development
The Company has an $8.0 million (2022: $8.0 million) cash advance facility with Westpac expiring 31 December 2024, that is secured by a General Security over all of the Company’s existing and future assets and undertakings. The facility is also secured by a guarantee and indemnity issued by the AFL expiring 31 January 2025. The average interest rate on cash advanced was 4.38% (2022: 1.58%). The amount drawn at 31 October 2023 was $8 million (2022: $8 million)
GWS and Giants cannot carry debt, they are free for all paid organisation year in year out.
They can carry debt like any other business. The Suns did have a 1.59m loan with NAB, this has been replaced with a 1.5m dollar loan from the AFL. The Giants have a 9.9m loan from the AFL.
Thanks Sooks, they're incredible numbers pal. I'm currently on holidays OS but will lend my expertise to this discussion when the missus next disappears for a 'spot' of shopping LOL!
Speak then pal.
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 7:16 pm
by WookieReturns
Footy season is over. After today, Im gone again for a while
Re: GWS / SUNS >> How much more dollars
Posted: Mon Oct 07, 2024 7:24 pm
by Terry
Terrible news sooks. Hang around pal I've got a few curve balls to launch at ya.
You'll enjoy the intellectual.....ummmmm......exchange pal!
Re: GWS / SUNS >> How much more dollars
Posted: Tue Oct 08, 2024 10:41 am
by azif
WookieReturns wrote: Mon Oct 07, 2024 7:16 pm
Footy season is over. After today, Im gone again for a while
awwwwww , who am I going to make look like a fool now ?
Bea Arthur is missing in action ... like ... we're a little concerned
still in a gutter , bottle in brown paper bag ... dribbling on to hobbos about how many members the swines have got
Re: GWS / SUNS >> How much more dollars
Posted: Tue Oct 08, 2024 3:40 pm
by WookieReturns
azif wrote: Tue Oct 08, 2024 10:41 am
WookieReturns wrote: Mon Oct 07, 2024 7:16 pm
Footy season is over. After today, Im gone again for a while
awwwwww , who am I going to make look like a fool now ?
The only thing you can do is make shit up and not make sense.
Re: GWS / SUNS >> How much more dollars
Posted: Tue Oct 08, 2024 4:11 pm
by azif
WookieReturns wrote: Tue Oct 08, 2024 3:40 pm
azif wrote: Tue Oct 08, 2024 10:41 am
WookieReturns wrote: Mon Oct 07, 2024 7:16 pm
Footy season is over. After today, Im gone again for a while
awwwwww , who am I going to make look like a fool now ?
The only thing you can do is make shit up and not make sense.
facts & plenty of sense fumbler , you on the other hand
roy morgan surveys
Re: GWS / SUNS >> How much more dollars
Posted: Tue Oct 08, 2024 6:58 pm
by WookieReturns
azif wrote: Tue Oct 08, 2024 4:11 pm
facts & plenty of sense fumbler , you on the other hand
roy morgan surveys
You really hate roy morgan. But then you go mental at anything that doesnt fit your worldview.
