Cats record modest profit

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Cats record modest profit

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Cats hold fire on new training base
Adam McNicol
November 27, 2013 6:18 PM


The original architect's design of Geelong's planned training base in Armstrong Creek
GEELONG'S planned training facility in the new suburb of Armstrong Creek has been delayed indefinitely, knocking almost $2 million off the club's balance sheet.

There was much fanfare when Cats announced plans for an elite training facility back in November, 2011.

Construction was expected to begin in June 2012 and be completed by early 2013.

The club was to be a high-profile tenant in the Keystone Business Park, with the training facility's construction costs to be met by the park's developers as part of a unique sponsorship arrangement.

The Cats were to own the freehold title to the complex – valued at $1.93 million – once it was completed.

However, the developers have struggled to lure businesses out to Keystone, and now the agreement with Geelong has been cancelled.

As a result, the Cats have taken the value of the training facility off their balance sheet.

"We're still working with Keystone to try and find a solution," Geelong chief executive Brian Cook told AFL.com.au. "That's important for us.

"But because Keystone has not been able to transfer some land to us at a particular point in time in a contract, it's basically meant that our auditors have said, 'You really haven't got an agreement and you need to write that off until a certain time in the future.'

"It's about working through that – getting another arrangement and hopefully getting a transfer of land to us as soon as possible.

"Keystone has had delays in planning approvals, and I think they've had some issues with getting enough businesses out there, yes."

Right now, there is no timeline as to when Geelong and Keystone might be in a position to strike a new agreement.

"There isn't, but you would hope that you would do it sooner rather than later," Cook said.

"While this outcome is obviously disappointing, the impact on the team’s training and preparation in the short term is minimal.

"The club continues to use Simonds Stadium as its central training base."

Despite the dramas with the training facility, the Cats have still been able to declare an operating profit of $148,000, which is down on last year's figure of $331,000.

The club's turnover was $56.1 million
.

The major factors in the club's financial outcome include:

An increase in membership of 2,720 to 42,920, and total seasonal seat sales of 21,700 at Simonds Stadium.
Increased attendances at Simonds Stadium games, with an average of 26,850.
An increase in profit from the club's overall commercial area of $1.4 million to $21.9 million.
High gate returns from home games in Melbourne against Hawthorn and Essendon.
Football department spending increased by 11 per cent from $19.2 million in 2012 to $21.4 million this year.
Although there were many positives for Geelong in 2013, Cook admitted, "It's been a really tough year, no doubt."

And it would have been much tougher had the club not received an injection of $1.5 million from the Geelong Cats Sports Foundation.

Still, the club is pushing ahead with its plan to further redevelop Simonds Stadium.

"Over the past decade, the club has invested over $13 million back into Simonds Stadium for stages 1-3 of the stadium’s redevelopment so far, and our debt for stages 2-3 is currently $4.9 million," Cook said.

"Whilst no doubt this is a good investment, our consistent operating profits over many years are not seen in our current bank balance.

"We also continue to invest in feasibility studies for stage 4, having spent over $500,000 in that area already."

Twitter: @AFL_AdamMcNicol
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Re: Cats record modest profit

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:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
RL SOO II 4.194 Million veiwers
RL SOO I 4.068 Million
NRL GF 3.968 Million
VFL Grand Final 3.620 Million
SOO III 3.364 Million
NRL Prelim 2.219 Million
Kangaroos V NZ 1.214 Million

Sookerwhos V Japan 238K :lol:
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Re: Cats record modest profit

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Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
King-Eliagh: ...I believe [RL] is popular in all the other states and territories, bar tasmania.
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Considering their outlay for the new stadium - it's a great result!
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Re: Cats record modest profit

Post by NRLCrap1 »

Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
What's the name of the place, Dave? I want to invest in it!!

:(/ :(/ :(/ :(/ :(/ :(/
DON'T MAKE ANY BETS WITH ELIAGH!! HE WELCHES WHEN HE LOSES!!
DAVE'S RIVER IN EGYPT - JUNIOR ACT TEAMS: AFL 109 RL 107
CHEWBACCA IS A GOOSE! A GOOSE I TELL YOU! A GOOSE!
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Re: Cats record modest profit

Post by Swans4ever »

NRLCrap1 wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
What's the name of the place, Dave? I want to invest in it!!

:(/ :(/ :(/ :(/ :(/ :(/
You can't unfortunately - it's in his basement and is building made of lego and trades in play dough and Monopoly money!
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Re: Cats record modest profit

Post by NRLCrap1 »

Lego? Play Dough? Monopoly?

Millions of dollars right there!

:P :P :P :P :P
DON'T MAKE ANY BETS WITH ELIAGH!! HE WELCHES WHEN HE LOSES!!
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Re: Cats record modest profit

Post by Raiderdave »

Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank

wow
a slight downturn in revenue & these fumble bumble clubs are fucked :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<>
RL SOO II 4.194 Million veiwers
RL SOO I 4.068 Million
NRL GF 3.968 Million
VFL Grand Final 3.620 Million
SOO III 3.364 Million
NRL Prelim 2.219 Million
Kangaroos V NZ 1.214 Million

Sookerwhos V Japan 238K :lol:
Swans4ever
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Re: Cats record modest profit

Post by Swans4ever »

Raiderdave wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank

wow
a slight downturn in revenue & these fumble bumble clubs are fucked :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<>
Sure and it will be interesting to see how much of a downturn the Raiders Hotel group will have after the pre-commitment legislation - OH NO it may just be more than just a downturn! Hahaha lol
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Re: Cats record modest profit

Post by Raiderdave »

Swans4ever wrote:
Raiderdave wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank

wow
a slight downturn in revenue & these fumble bumble clubs are fucked :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<>
Sure and it will be interesting to see how much of a downturn the Raiders Hotel group will have after the pre-commitment legislation - OH NO it may just be more than just a downturn! Hahaha lol
hmmm :-k
maybe this might see them through it cockhead :wink:
this development will eventually add another 7 to 10 Million dollars of profits a year into the Raiders coffers

think that might cover any downturn don't ya think ***** :cool:

http://www.canberratimes.com.au/act-new ... 2fouz.html


The Canberra Raiders have unveiled their vision for the transformation of the rundown Braddon Club site.

The club's parent company is developing plans for an $80 million development for the Civic-fringe landmark including shops, restaurants, offices and 160 apartments.

The Canberra District Rugby League Inc is preparing to lodge a development application for the project, which it says will transform a neglected corner of Canberra's inner city.

An artist's impression of the Braddon redevelopment.
An artist's impression of the Braddon redevelopment.

The Raiders and their architects are promising an innovative design, with a Melbourne-style lane in the complex adding to Braddon's evolving retail identity. There are no plans to attempt to develop the heritage-listed Braddon Oval next door or any of its buildings.

Advertisement

The development hinges on an application by the Raiders to ''de-concessionalise'' its lease on the block, giving it full control of the land and allowing the knockdown and rebuilding to go ahead, subject to development approval.

CDRL group chief executive Simon Hawkins said the redevelopment potential of the site had been obvious since the rugby league outfit acquired the club in 2005.

News. Redevelopment of the Braddon Club, owned by the Canberra Raiders Group. Architect, Chris Millman, left and Raiders Group CEO Simon Hawkins, in the carpark with the old clubhouse behind them. March 6 2013 Photograph by Graham Tidy, The Canberra Times.
Architect Chris Millman, left, and Raiders Group CEO Simon Hawkins. Photo: Graham Tidy

''It's been in the back of our minds for some years and different developers have approached us over the years, wanting us to sell them the land because of the lack of development there,'' he said.

''But the value of it has improved as time went on and now we're in a position to do it ourselves.''

Mr Hawkins said the modern gaming environment had no room for minnows like the Braddon Club with its 46 poker machines, which the Raiders plan to redistribute around their other venues.

''The club is looking pretty ordinary and it's getting very difficult to operate small clubs now with changes of legislation and increasing amounts of compliance required. It's impractical to have clubs that size,'' Mr Hawkins said. ''So … the days of the Braddon Club are finished.''

The league executive said he believed that locals would be well briefed on the plans even before the formal development application process begins. ''We do have an appointment booked in with the Inner North Community Council … we've notified our members too, so the consultation process is well under way,'' he said.

Mr Hawkins said he believed the Raiders would win community support for the development.

''I'd like to think so, given the way the club looks now,'' he said.

''It's going to be a new vibrant building, not an ugly eyesore, and offer facilities that aren't available there now, so there are good reasons for the community to support it.

''Developments like this are always going to be something that interests the community. If you work near it or live near it, [then] you've probably got a heightened interest in it.''


Read more: http://www.canberratimes.com.au/act-new ... z2m5L7V9Yv
RL SOO II 4.194 Million veiwers
RL SOO I 4.068 Million
NRL GF 3.968 Million
VFL Grand Final 3.620 Million
SOO III 3.364 Million
NRL Prelim 2.219 Million
Kangaroos V NZ 1.214 Million

Sookerwhos V Japan 238K :lol:
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Re: Cats record modest profit

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Raiderdave wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank

wow
a slight downturn in revenue & these fumble bumble clubs are fucked :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<>
You appear confused about the purposes of a retail outlet and a sporting club. Why am I not surprised?
King-Eliagh: ...I believe [RL] is popular in all the other states and territories, bar tasmania.
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Re: Cats record modest profit

Post by Swans4ever »

Xman wrote:
Raiderdave wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank

wow
a slight downturn in revenue & these fumble bumble clubs are fucked :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<>
You appear confused about the purposes of a retail outlet and a sporting club. Why am I not surprised?
I have explained to him many times that the set up is that the hotel group, trust and football club are all seperate identities - he just can't grasp so simple a concept.
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Re: Cats record modest profit

Post by Raiderdave »

Swans4ever wrote:
Xman wrote:
Raiderdave wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank

wow
a slight downturn in revenue & these fumble bumble clubs are fucked :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<>
You appear confused about the purposes of a retail outlet and a sporting club. Why am I not surprised?
I have explained to him many times that the set up is that the hotel group, trust and football club are all seperate identities - he just can't grasp so simple a concept.
:?>

:(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<> :_<>

Xman isn't talking about the Raiders development you blithering twat :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<> :_<>
hence replying to a completely different post about the sandwich shop :(/ :(/ :(/ :(/ :(/ :(/

fuck me :-k
why are you the dumbest poster on these pages :(/ :(/ :(/ :(/
RL SOO II 4.194 Million veiwers
RL SOO I 4.068 Million
NRL GF 3.968 Million
VFL Grand Final 3.620 Million
SOO III 3.364 Million
NRL Prelim 2.219 Million
Kangaroos V NZ 1.214 Million

Sookerwhos V Japan 238K :lol:
Swans4ever
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Re: Cats record modest profit

Post by Swans4ever »

Raiderdave wrote:
Swans4ever wrote:
Xman wrote:
Raiderdave wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank

wow
a slight downturn in revenue & these fumble bumble clubs are fucked :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<>
You appear confused about the purposes of a retail outlet and a sporting club. Why am I not surprised?
I have explained to him many times that the set up is that the hotel group, trust and football club are all seperate identities - he just can't grasp so simple a concept.
:?>

:(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<> :_<>

Xman isn't talking about the Raiders development you blithering twat :(/ :(/ :(/ :lol: :lol: :lol: :_<> :_<> :_<> :_<>
hence replying to a completely different post about the sandwich shop :(/ :(/ :(/ :(/ :(/ :(/

fuck me :-k
why are you the dumbest poster on these pages :(/ :(/ :(/ :(/
Yes I know - but you see my poor confused and self loathing chum - they really have the same point of principle - you have difficulty with such legal identities. Please stop hating your homosexual part of you RD - life's too short come out of the closet!
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Re: Cats record modest profit

Post by NRLCrap1 »

Raiderdave wrote:
Xman wrote:
Raiderdave wrote:
:_<> :_<> :_<> :lol: :lol: :lol: :(/ :(/ :(/ :(/ :(/


my Hamburger joint did better then Geebanga this year :(/ :(/ :(/ :lol: :lol: :_<> :_<>
Your hamburger joint generated an income over 50 million? Holy crap! =D>
:(/ :(/ :(/ :(/
50 Million .... & a sandwich shop beats them for coin put in the bank
:(/ :(/ :(/ :(/

You are a fricking goose, Dave! No hamburger joint or sandwich shop has that sort of turnover! Show me one that does!
DON'T MAKE ANY BETS WITH ELIAGH!! HE WELCHES WHEN HE LOSES!!
DAVE'S RIVER IN EGYPT - JUNIOR ACT TEAMS: AFL 109 RL 107
CHEWBACCA IS A GOOSE! A GOOSE I TELL YOU! A GOOSE!
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