Talking Footy

Xman wrote:

So they spent 63m of their own money for fun?



They need propping up to the tune of 63m dollars. Their revenue generated yearly without their owners funding is 13m short. Without it they would be that far in debt or far more likely extinct.

Debt isnt an issue if you make the payments Dave you think Collingwood built a multi million dollar training facility for nothin?

Raiderdave wrote:

Xman wrote:

So they spent 63m of their own money for fun?



They need propping up to the tune of 63m dollars. Their revenue generated yearly without their owners funding is 13m short. Without it they would be that far in debt or far more likely extinct.

Debt isnt an issue if you make the payments Dave you think Collingwood built a multi million dollar training facility for nothin?

who elses money would it be .... they own the storm
the storms money ... is their money
any cost is met by news .... any revenue goes to ?......
If the Storm built a multi million dollar training facility ..... who would pay for it you demented wombat ?


christ ... seriously one of your lamest efforts ... & thats saying something marcus

Xman wrote:

Raiderdave wrote:

Xman wrote:

So they spent 63m of their own money for fun?



They need propping up to the tune of 63m dollars. Their revenue generated yearly without their owners funding is 13m short. Without it they would be that far in debt or far more likely extinct.

Debt isnt an issue if you make the payments Dave you think Collingwood built a multi million dollar training facility for nothin?

who elses money would it be .... they own the storm
the storms money ... is their money
any cost is met by news .... any revenue goes to ?......
If the Storm built a multi million dollar training facility ..... who would pay for it you demented wombat ?


christ ... seriously one of your lamest efforts ... & thats saying something marcus

And without an owner to bail them out theyd be gone! Who the hell would lose 13m on an investment every year?

How long will they keep this up? Remember the storm are at peak. Wait till they bottom out!

Xman wrote:

With pleasure

The post was to Dave too. I showed him the link in another thread only a few days ago. Funny how he hasnt commented on it.

NEWS Ltd last night promised to keep the Melbourne Storm going, despite having already committed a massive $66 million during the period of the salary cap rort.
During the five years since the start of the $1.7 million rort, News Ltd, publisher of the Herald Sun, injected a total of $65.9 million into the NRL outpost.
The figures are tallied in the Storm's annual reports between 2005 and 2009, which also reveal the club received $1.2 million in government grants over the same period.

http://www.heraldsun.com.au/sport/news- ... 5858136152

eelofwest wrote:

Xman wrote:

With pleasure

The post was to Dave too. I showed him the link in another thread only a few days ago. Funny how he hasnt commented on it.

NEWS Ltd last night promised to keep the Melbourne Storm going, despite having already committed a massive $66 million during the period of the salary cap rort.
During the five years since the start of the $1.7 million rort, News Ltd, publisher of the Herald Sun, injected a total of $65.9 million into the NRL outpost.
The figures are tallied in the Storm's annual reports between 2005 and 2009, which also reveal the club received $1.2 million in government grants over the same period.

http://www.heraldsun.com.au/sport/news- ... 5858136152

Um this is in 2010...............

Dick head get in the now we are all talking 2012 here so you are wrong once again........show me the link that shows the Storm loosing 13m in 2012 like you claim..... =D> =D>

AFL teams compete on a significantly less even playing field than their American counterparts, according to research supplied to clubs last month.
The league has ranked its ''degree of equalisation'' as low to medium, compared with the more highly even National Football League and medium level National Basketball Association and Major League Baseball.
The AFL is undertaking a more thorough examination of the other sports leagues - which also aim for parity and have recently reached new collective bargaining agreements - as part of its planned revamp of its equalisation policy.
Clubs have been asked to submit their thoughts and ideas on potential improvements to the AFL's policy by next week, ahead of a meeting of club chief executives, presidents and the league on the eve of the season.
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The AFL's deputy chief executive, Gillon McLachlan, said on Thursday the league was open to ideas on how to close the widening gap between the rich and poor clubs, which research has linked to on-field performance and finals appearances.
In a discussion paper sent to the clubs the league pitched several ideas for consideration - including a ''luxury'' tax applied when clubs' non-player football spending exceeds a certain amount, shared gate receipts and and an increased pool of centralised money to be distributed to struggling clubs.
''Equalisation is a real challenge for us, in terms of helping clubs with stadium disadvantages and other disadvantages compete,'' McLachlan said on SEN, following Thursday's report in Fairfax Media.
He said more even stadium deals would help ease many of the problems, and all clubs agreed a stronger equalisation policy was required.
''We think there are a range of solutions … but I think we're very open to how we might solve it. I don't think we've got any fixed views at the moment.''
The AFL's research indicates the NFL is the most highly equalised of the three comparable American leagues, with its policy featuring a hard salary cap, equal payments from the hefty television rights and strong local revenue sharings such as gate receipts and sponsorship.
The NFL model features a new player payment subsidy funded by the league and the 15 richest clubs.
Major League Baseball has no salary cap but applies a luxury tax to player payments that exceed a certain level, starting at 22.2 per cent and increasing to 40 per cent. The NBA has a ''soft'' salary cap, with payments exceeding $70 million subject to a luxury tax.
In 2012-13, the tax rate will range from 125 to 325 per cent for teams more than $15 million over the limit.
All three leagues share more funds from greater centralised local revenue pools than the AFL, which currently applies a $2 levy to adult tickets but allows clubs to retain all other local revenues.
Collingwood president Eddie McGuire, whose club ranks in the strongest four and made a $7.835 million for 2012, said two simple keys to an even playing field remained the draft and salary cap.
''The AFL, as I've said the last couple of days, have now got to start focusing on delivering to the shareholders,'' McGuire said on Triple M. ''That is better returns, better dividends, help the clubs if need be.''
Figures included in the paper show the richest four clubs have generated an average $10.7 million a year of club-sourced revenue since 2004, more than $6 million above the bottom four clubs and well clear of the $7.4 million league average.

Raiderdave wrote:

the VFL just continues to be a

haves



& have nots

6 clubs posting reasonable financial results
6 barely making it into the black

6..... posting losses that make the GFC look like a girl guides picnic

meanwhile
all 16 NRL clubs ... with hugely increased grants .. & minimal rises in costs & expenditure
will finish in the black in 2013
kewl

Xman wrote:

Raiderdave wrote:

the VFL just continues to be a

haves



& have nots

6 clubs posting reasonable financial results
6 barely making it into the black

6..... posting losses that make the GFC look like a girl guides picnic

meanwhile
all 16 NRL clubs ... with hugely increased grants .. & minimal rises in costs & expenditure
will finish in the black in 2013
kewl

youre not qualified to comment since according to you a non for profit organisation's aim is to make a profit!

Raiderdave wrote:

Xman wrote:

Raiderdave wrote:

the VFL just continues to be a

haves



& have nots

6 clubs posting reasonable financial results
6 barely making it into the black

6..... posting losses that make the GFC look like a girl guides picnic

meanwhile
all 16 NRL clubs ... with hugely increased grants .. & minimal rises in costs & expenditure
will finish in the black in 2013
kewl

youre not qualified to comment since according to you a non for profit organisation's aim is to make a profit!

well ...........
non profit organisations don't aim to lose money either ... you minda

Raiderdave wrote:

Xman wrote:

Raiderdave wrote:

the VFL just continues to be a

haves



& have nots

6 clubs posting reasonable financial results
6 barely making it into the black

6..... posting losses that make the GFC look like a girl guides picnic

meanwhile
all 16 NRL clubs ... with hugely increased grants .. & minimal rises in costs & expenditure
will finish in the black in 2013
kewl

youre not qualified to comment since according to you a non for profit organisation's aim is to make a profit!

well ...........
non profit organisations don't aim to lose money either ... you minda