Swines Chairmen " VFL Falling apart"

[Xman]

And AFL clubs can't pay it off! If your expenditure is outstripping your revenue you're in deep $hit! What school did you go to anyway, X? Red numbers is bad for anyone, but the bigger the red numbers the worse the problem!

Melbourne, one of the poorest AFL clubs just paid there debt off.

Club president Jim Stynes and CEO Cameron Schwab announced the landmark at a press conference this morning.

When Stynes took over the presidency in June 2008, the club had debts of around $5 million.

A "Debt Demolition" dinner last night wiped the last of that amount, with the club now likely to post a profit. It has been in debt for more than 30 years.

http://www.heraldsun.com.au/AFL/more-ne ... 5901472857

The majority of debt in the AFL is owned by Collingwood, Hawthorn and Carlton, who have massive yearly budgets and easily handle their debt. As I said, debt isnt bad unless you cant meet the repayments. Think of the Titans with their massive debt. They struggle to pay the players. There are also other nRL clubs that struggle for support staff funding. The overwhelming majority make a loss every year. how are they paying thewir debt? Please show me an AFL team that has failed to pay their loans or made a debt every single year..

all I'm reading is but but but
the VFL.... tis falling apart

thats because you cant read and have the comprehension skills of a slug

[Striker]

Melbourne, one of the poorest AFL clubs just paid there debt off.

Club president Jim Stynes and CEO Cameron Schwab announced the landmark at a press conference this morning.

When Stynes took over the presidency in June 2008, the club had debts of around $5 million.

A "Debt Demolition" dinner last night wiped the last of that amount, with the club now likely to post a profit. It has been in debt for more than 30 years.

http://www.heraldsun.com.au/AFL/more-ne ... 5901472857

The majority of debt in the AFL is owned by Collingwood, Hawthorn and Carlton, who have massive yearly budgets and easily handle their debt. As I said, debt isnt bad unless you cant meet the repayments. Think of the Titans with their massive debt. They struggle to pay the players. There are also other nRL clubs that struggle for support staff funding. The overwhelming majority make a loss every year. how are they paying thewir debt? Please show me an AFL team that has failed to pay their loans or made a debt every single year..

The D's are about to go back into debt due to the fines that will be coming their way when they are finally found guilty of tanking!

You want a team that can't pay their debts? Try Geelong. Try Footscray. Try North Melbourne. The Titans are only in trouble because of that BS ownership submission to that "Centre of Excellence" (I think it was - the one that went belly up through no fault of the NRL or the game itself on the Gold Coast).

[Xman]

Melbourne, one of the poorest AFL clubs just paid there debt off.

Club president Jim Stynes and CEO Cameron Schwab announced the landmark at a press conference this morning.

When Stynes took over the presidency in June 2008, the club had debts of around $5 million.

A "Debt Demolition" dinner last night wiped the last of that amount, with the club now likely to post a profit. It has been in debt for more than 30 years.

http://www.heraldsun.com.au/AFL/more-ne ... 5901472857

The majority of debt in the AFL is owned by Collingwood, Hawthorn and Carlton, who have massive yearly budgets and easily handle their debt. As I said, debt isnt bad unless you cant meet the repayments. Think of the Titans with their massive debt. They struggle to pay the players. There are also other nRL clubs that struggle for support staff funding. The overwhelming majority make a loss every year. how are they paying thewir debt? Please show me an AFL team that has failed to pay their loans or made a debt every single year..

The D's are about to go back into debt due to the fines that will be coming their way when they are finally found guilty of tanking!

You want a team that can't pay their debts? Try Geelong. Try Footscray. Try North Melbourne. The Titans are only in trouble because of that BS ownership submission to that "Centre of Excellence" (I think it was - the one that went belly up through no fault of the NRL or the game itself on the Gold Coast).

Geelong? Theyll be rolling in doe once their stadium is complete.

Where is Nths debt? I know the Bulldogs are an issue but only because they, like many other smaller clubs, are spending beyond their means trying to keep up with the superpowers. All of them have revenue well above NRL teams.

The Dees, one of the poorest AFL teams, proved they all have the ability to reduce debt when their costs are managed appropriately. Whether they go in to debt because of fines is hardly relevant to ongoing financial viability.

[Striker]

Melbourne won't be financially viable once they are found guilty of tanking!! No one will play for them and supporters will desert!

What do you mean where is North's debt? Look again! Geelong have wasted heaps on their stadium! They won't get that back any time soon!

[Xman]

Melbourne won't be financially viable once they are found guilty of tanking!! No one will play for them and supporters will desert!

What do you mean where is North's debt? Look again! Geelong have wasted heaps on their stadium! They won't get that back any time soon!

yeah, a 120yr old club will fold after penalties from the AFL!


Geelong chief Brian Cook could be on the move to North Melbourne

NORTH Melbourne is reportedly close to landing Geelong's Brian Cook as its new CEO.

The potential poaching would be one of the biggest administrative moves in football's recent history.

A report in Friday's Herald Sun claims Cook, who is holidaying in Nepal, is warming to the idea of leaving the Cats to assume the role of North Melbourne CEO, a position that was vacated when Eugene Arocca resigned in June.

Cam Vale has been the interim CEO for the past four months.

Cook has been a vital part in Geelong's dominant six years, leading it out of a debt crisis when he arrived in 1999 to bring 12 successful profits and three premierships.

A report in June alleged key AFL officials had suggested to Cook that he take the Kangaroos position - a claim that was refuted by the AFL.
Exclusive to AFL BigPond Network

Geelong will virtually have a licence to print money once their stadium is complete.

Nth are already reducing their debt.

Add to that the AFL have an equalisation strategy to support the struggling teams.

They aren't going anywhere soon. That's the advantage of being involved in a comp as wealthy and powerful as the AFL.

[Striker]

Equalisation strategy? Sure. Look at all the money being thrown at GWS and the Suns! Ha!

No one has a license to print money. That's a one way track to oblivion!

Melbourne will fold not just because of the fines. It will also be because no one will want to play for them!

[Xman]

Equalisation strategy? Sure. Look at all the money being thrown at GWS and the Suns! Ha!

No one has a license to print money. That's a one way track to oblivion!

Melbourne will fold not just because of the fines. It will also be because no one will want to play for them!

So the Demons, a club supported by probably Melbournes biggest proportion of wealthy fans via the MCC, will fold when the AFL penalise them for tanking?



Are you mad?

1. The AFL will ensure they survive no matter what
2. Their wealthy fans would pay through the nose to ensure they survive
3. They have shown they can manage debt and expenditure
4. Player want to play AFL, irrespective of the club. They arent going to boycott Melbourne because of a previous administrations lack of judgment
5. ever heard of free agency. If players leave Melbourne they will have more to spend. Money talks
6. This isnt RL. Clubs dont fold left right and centre. The AFL has tradition which keeps these clubs alive
7. funding for the Suns and Giants was already allocated out of over a decade of large profits

Youre on fire!

[Striker]

1. The AFL will turn on them for lying and they'll end up being the next Fitzroy.
2. After this - what wealthy fans? They'll bail in an instant!
3. And the man behind it is dead.
4. Oh don't you believe it! They have a losing culture, and any player who wants to make something of their career will run a mile!
5. They won't have enough money to attract players to a club with a losing culture!
6. Fitzroy. Fitzroy. Fitzroy. Fitzroy. Fitzroy.........
7. Useless waste of money. GWS gone before you know it.

Anything else, Einstein?

[Xman]

1. The AFL will turn on them for lying and they'll end up being the next Fitzroy.
2. After this - what wealthy fans? They'll bail in an instant!
3. And the man behind it is dead.
4. Oh don't you believe it! They have a losing culture, and any player who wants to make something of their career will run a mile!
5. They won't have enough money to attract players to a club with a losing culture!
6. Fitzroy. Fitzroy. Fitzroy. Fitzroy. Fitzroy.........
7. Useless waste of money. GWS gone before you know it.

Anything else, Einstein?

1. The AFL are commited to 10 Victorian teams and Melbourne are one of the key clubs being the first established VFL club
2. Tanking is no worse than salary cap cheating, and will be treated similarly. Both are cheating. I dont see people refusing to play for Carlton or the Storm
3. He lead the start of it. He didnt actually do it. Hes an ex footballer, not an accountant
4. They already have a losing culture yet have recruited big names in recent seasons including Dawes and Clark. If they are found guilty of tanking their hardly going to do it again in a hurry. Additionally the rules around priority draft picks have changed substantially
5. Again,no different to teams fined when found guilty of salary cap cheating. Their costs will suffer but their salary cap funding remains the same. In fact they are forced to pay up to 95% of their salary cap. Once they make a loss in the year they get the fine theyll apply for special assistance and be given an additional grant.
6. Fitzroy merged. They didnt fold. They are a totally different case. The AFL was keen to strengthen the Bears and the Lions struggle was a perfect solution. Fitzroy also had very small supporter base, far less than the Demons, and no where near as wealthy.
7. The funding for SUns and Giants has already been allocated. What part of that dont you understand? Whether they develop a reasonable following is irrelevant for their medium term future. They are here to stay.

Further on the Suns, they have similar attendance, more members, and a better stadium deal to the Titans, plus the backing of the AFL. The Titans will fold before the Suns.

[Drac]

Geelong invested in their own stadium development. Once the stand and lights are complete this year, they have a stadium with a capacity of over 30,000, and a clean stadium deal. They won't know what to do with all of the money.

The Melbourne Football Club is older than the sport of Rugby League. It's backed by the wealthiest people in Melbourne, and has survived darker times than this.

Why are nRL fans so desperate for GWS and the Suns to fold? GWS especially can't be mentioned by a leagueie without a hopeful prediction that they'll fold soon. The fear is palpable. GWS aren't going anywhere. You don't invest $200m and then walk away. In their first year the Suns had bigger crowds than the Titans, and in their second year they weren't far behind the Titans either. Bare in mind that w're comparing an expansion club with a heartland club. The fact that it's close at all is hilarious. If the Suns are unsustainable on the GC then what on earth does that say about the Titans?

[Raiderdave]

Why are nRL fans so desperate for GWS and the Suns to fold? GWS especially can't be mentioned by a leagueie without a hopeful prediction that they'll fold soon. The fear is palpable. GWS aren't going anywhere. You don't invest $200m and then walk away. In their first year the Suns had bigger crowds than the Titans, and in their second year they weren't far behind the Titans either. Bare in mind that w're comparing an expansion club with a heartland club. The fact that it's close at all is hilarious. If the Suns are unsustainable on the GC then what on earth does that say about the Titans?

thuns ... 4000 ahead in yr 1

1000 behind in yr 2

yr 3 ?..... ............ 4000 behind

thats the only thing hilarious here ...........

[Xman]

Why are nRL fans so desperate for GWS and the Suns to fold? GWS especially can't be mentioned by a leagueie without a hopeful prediction that they'll fold soon. The fear is palpable. GWS aren't going anywhere. You don't invest $200m and then walk away. In their first year the Suns had bigger crowds than the Titans, and in their second year they weren't far behind the Titans either. Bare in mind that w're comparing an expansion club with a heartland club. The fact that it's close at all is hilarious. If the Suns are unsustainable on the GC then what on earth does that say about the Titans?

thuns ... 4000 ahead in yr 1

1000 behind in yr 2

yr 3 ?..... ............ 4000 behind

thats the only thing hilarious here ...........

What, not your hilarious predictions?

[Stewie]

Why are nRL fans so desperate for GWS and the Suns to fold? GWS especially can't be mentioned by a leagueie without a hopeful prediction that they'll fold soon. The fear is palpable. GWS aren't going anywhere. You don't invest $200m and then walk away. In their first year the Suns had bigger crowds than the Titans, and in their second year they weren't far behind the Titans either. Bare in mind that w're comparing an expansion club with a heartland club. The fact that it's close at all is hilarious. If the Suns are unsustainable on the GC then what on earth does that say about the Titans?

thuns ... 4000 ahead in yr 1

1000 behind in yr 2

yr 3 ?..... ............ 4000 behind

:_<> :_<> :_<> :_<> :_<>

[Raiderdave]

Why are nRL fans so desperate for GWS and the Suns to fold? GWS especially can't be mentioned by a leagueie without a hopeful prediction that they'll fold soon. The fear is palpable. GWS aren't going anywhere. You don't invest $200m and then walk away. In their first year the Suns had bigger crowds than the Titans, and in their second year they weren't far behind the Titans either. Bare in mind that w're comparing an expansion club with a heartland club. The fact that it's close at all is hilarious. If the Suns are unsustainable on the GC then what on earth does that say about the Titans?

thuns ... 4000 ahead in yr 1

1000 behind in yr 2

yr 3 ?..... ............ 4000 behind

:_<> :_<> :_<> :_<> :_<>

yep ... its hilarious aint it spewie

on another subject
El D says stop messaging him begging to be let back in at LU

its pathetic apparently

[Striker]

1. The AFL will turn on them for lying and they'll end up being the next Fitzroy.
2. After this - what wealthy fans? They'll bail in an instant!
3. And the man behind it is dead.
4. Oh don't you believe it! They have a losing culture, and any player who wants to make something of their career will run a mile!
5. They won't have enough money to attract players to a club with a losing culture!
6. Fitzroy. Fitzroy. Fitzroy. Fitzroy. Fitzroy.........
7. Useless waste of money. GWS gone before you know it.

Anything else, Einstein?

1. The AFL are commited to 10 Victorian teams and Melbourne are one of the key clubs being the first established VFL club
2. Tanking is no worse than salary cap cheating, and will be treated similarly. Both are cheating. I dont see people refusing to play for Carlton or the Storm
3. He lead the start of it. He didnt actually do it. Hes an ex footballer, not an accountant
4. They already have a losing culture yet have recruited big names in recent seasons including Dawes and Clark. If they are found guilty of tanking their hardly going to do it again in a hurry. Additionally the rules around priority draft picks have changed substantially
5. Again,no different to teams fined when found guilty of salary cap cheating. Their costs will suffer but their salary cap funding remains the same. In fact they are forced to pay up to 95% of their salary cap. Once they make a loss in the year they get the fine theyll apply for special assistance and be given an additional grant.
6. Fitzroy merged. They didnt fold. They are a totally different case. The AFL was keen to strengthen the Bears and the Lions struggle was a perfect solution. Fitzroy also had very small supporter base, far less than the Demons, and no where near as wealthy.
7. The funding for SUns and Giants has already been allocated. What part of that dont you understand? Whether they develop a reasonable following is irrelevant for their medium term future. They are here to stay.

Further on the Suns, they have similar attendance, more members, and a better stadium deal to the Titans, plus the backing of the AFL. The Titans will fold before the Suns.

1. As if they'd care about a club that is a blight on the competition!
2. Tanking is worse than salary cap breaches! Way worse!
3. Hello? Westgate bridge is for sale.
4. They already have one? Are you nuts? Melbourne are a bigger joke than ever. They made the grand final not that long ago if I remember. The penalty for tanking should be harsh and it will destroy them.
5. The fines will be much larger, because tanking is WORSE! No grants should be given to them as a part of the penalty.
6. Fitzroy are gone. Finito. You can't avoid it.
7. Reasonable following isn't relevant??????? Aren't you AFL idjits the ones laughing at us about poor membership numbers? Hypocrisy 101, X! The funding "already allocated" is wasted. They'll need a lot more to survive and you know it!