GWS / SUNS >> How much more dollars

[AFLcrap1]

Oh dear .
Just post te sentence or paragraph as I have continually asked that shows where they were booted
Not that they left because the rent was too high & they had debt issues & went somewhere cheaper . Thanks
Simple request just post it

[Fred]

This article answers a lot of questions re: GWS at least and to some extent the suns. Interesting was that the Giants got only 4 million more from AFL distributions then St Kilda - in response to how much it was costing the AFL.

But as I have said, and as the article points out (not literally crapper) the real cost would have been to do nothing giving the growing market that is Western Sydney.

I was also surprised to see the Giants in the top third of AFL clubs re: sponsorship.

have a read

https://www.theage.com.au/sport/afl/one ... 52uya.html

[AFLcrap1]

I have to be mindful of someone's tendency to follow as in obsessive following .
Seems to be obsessed with me .

[notaleaguefan]

No one is crapper is obsessed with you crapper as you are others!

Now back on topic

[AngloFootballLeague]

This article answers a lot of questions re: GWS at least and to some extent the suns. Interesting was that the Giants got only 4 million more from AFL distributions then St Kilda - in response to how much it was costing the AFL.

But as I have said, and as the article points out (not literally crapper) the real cost would have been to do nothing giving the growing market that is Western Sydney.

I was also surprised to see the Giants in the top third of AFL clubs re: sponsorship.

have a read

https://www.theage.com.au/sport/afl/one ... 52uya.html

Except club received 3 million in additional payments which you already know about. Shallow article which just accepts anglofl figures with no content other than that.

[Fred]

Is that right? I did not know that. Is there a source for this. And what leads you to think it is shallow ?

[notaleaguefan]

It’s his imagination again!
What I don’t get it that if the afl give money to gws or gcs it’s apparently almost seen as doom and gloom for the clubs and apparently funny going by the endless comments from the tin foil hat brigade!


Yet year after year we see nrl clubs running at a loss
https://www.nrl.com/news/2018/06/15/nrl ... e-surplus/

The year before before the extra distribution money kicked in only the broncos and cowboys made a profit!

This means year after year the nrl clubs owners, leagues clubs, private owner or nrl it self are funneling in cash to keep the club alive! The exact same thing that is happening with the afl expansion teams!

[AFLcrap1]

Lol there's a massive difference
The NRL is a level playing field on field .
All teams play under the same rules same $$
Bit different in your compromised comp .

[notaleaguefan]

Lol there's a massive difference
The NRL is a level playing field on field .
All teams play under the same rules same $$
Bit different in your compromised comp .

We are speaking about financials!

Same thing a club has bills to pay and needs to raise money to pay them!
The afl is topping up gws and gcs as they establish them selves! Just like the owners of the nrl clubs owners are flushing money down the sink at the nrl clubs

No fucken difference

[Terry]

So lets revisit this [from pages 24-26 of this thread.]

We're not jumping at shadows pal. The naming rights is effectively a secret deal. Spotless did not renew after 2018. No doubt they then went to the market and after a while they took it off the market.

The suspicion would be they had little or no interest at least at the price they wanted. I mean why would they take it off the market if they had a Etihad, Westpac, Qantas or some other corporate heavyweight lined up? It's nonsensical.

The obvious conclusion is they couldn't sell the rights and scrambled to save face.

If they come out from behind their secret cave and give a reasonable story that proves me wrong I will attend back to back Giants games dressed as Izzy Folau!!!!!!!!

i am wary of the whole scenario too...

I do also think it was a great ploy by the Gws or AFL
whoever came up with idea, in naming the stadium

GIANTS STADIUM

do i have any evidence ... no..

but i am backing that it is funded by the AFL

lol Millions of sponsorship dollars for GWS stadium Deal.

by a Fan Group..

i think i have heard it all now

The whole idea of naming rights is to get your name seen .
This GWS secret naming benefactors is laughable .
It's beyond laughable .
There's no reason for someone to remain silent ....
It's not like a gift to the club as happens in sports .
This is naming rights for the stadium .....advertising in sport ...to be seen .
get your name or company's name seen by fans & tv viewers .

Lol

If there was a Sportsbet market I'd say it'd look like this

$1.01. GIl & AFL house
$1000.00 anyone else ..individual ..company ..or group..

Let's say there are private benefactors willing to give away millions of $$$ in secrecy, totally without recognition. Why would they not just give the money to the club. Why would they anonymously attach their money to the naming rights of the stadium??

Are they not now depriving the club of more money by taking the naming rights out of play. Wouldn't a benefactor who cares about the club so much just give 'em the money and say 'now get yaself a naming rights sponsor'. Like you know.....get even more money in the bank.

Nup. This story is smoke and mirrors AFL 101.

and now today with John Stensdolt in the Australian

Meet the mystery American bond traders who are in charge of hundreds of billions of investor dollars globally, but have quietly been putting their own millions into the GWS Giants.

Market gurus and Pimco executives Dan Ivascyn, the Boston-born “bond prince”, and New York-based Marc Seidner will both be in Australia by Saturday morning in time to see the Giants clash with Richmond in the AFL grand final at the MCG.

The sports-loving pair maintain an extremely low profile when it comes to their passion for Australian rules football, but are understood to have also backed the Giants financially and become an integral part of the club’s off-field operations.

That has extended to having close relationships with Giants president Tony Shepherd and chief executive Dave Matthews, and coach Leon Cameron. They are also, accordingly to one AFL insider, a “significant” part of the group of anonymous corporate supporters who have stumped up $2.5m annually to buy naming rights for the club’s home ground, known as Giants Stadium since the beginning of the year.

“It is important to say what they are doing is sports philanthropy and is on their own and not with their company’s brand attached to it,” GWS president Tony Shepherd told The Aus­tralian.

“They have fallen in the love with the game, and with the team, and we are blessed to have these sort of people involved with the Giants. They came to us, it was not a matter of us approaching them. They certainly don’t want any publicity. But they have very quickly become experts in the game.”

Mr Ivascyn is Pimco’s group chief investment officer and a managing director of the firm’s Newport Beach office in Los Angeles, and has arrived in Melbourne ahead of Saturday’s match.

He manages Pimco’s Income Fund, which reportedly has more than $300bn in funds. A highly ­diversified yet defensively positioned fund, it has been attractive to investors shifting back to the bond product due to interest rate cuts and monetary easing policies by central banks around the world.

He would not comment on the record when approached by The Australian. Sources say he is a keen sports fan of teams in his home town of Boston as well as well-known world teams such as the Brazilian national soccer team.

Mr Ivascyn has been to several AFL grand finals in recent years — he was said to have been travelling to Melbourne regardless of whether GWS won through to the season decider — and will be at Saturday’s game with colleague Mr Seidner, the chief investment officer of Pimco’s “non-traditional” strategies and head of portfolio management in the firm’s New York office.

The pair are understood to have been introduced to the ­Giants by Pimco’s Australian boss, Robert Mead, and another of the club’s corporate supporters in Michael Hope of the Hope ­Estate winery in the Hunter Valley, NSW.

Mr Mead and Mr Hope, an enthusiastic corporate supporter of the Giants, had previously met at a corporate function at the Australian Grand Prix in Melbourne and hit it off when talking about the AFL.

That led to Mr Mead inviting Pimco’s American executives to a recent AFL grand final and then later forming a relationship with Giants management.

The American pair are now said to visit Australia and the Giants up to five or six times a year, and also attended at least one Giants final this season.

“They have a good knowledge of the Giants business plan and, like anything they do, the money is not going there without them knowing what is being done with it,” one league insider told The Australian. “In particular, they like the ­Giants story about making connections with the community and how they’ve started from scratch and are building from there. It is similar to an entrepreneurial story they can relate to in that way.”

Mr Ivascyn and Mr Seidner are also members of the Giants’ exclusive coterie supporter group, M7, led by president Mr Shepherd and also including business identities such as pub baron Joel Fisher of Balmoral Hospitality Group, Chris Larsen of Ironbark Asset Management and Giants director Adrian Fonseca.

Other M7 members include Mr Hope, Efex Group founder Nick Sheehan, corporate lawyer Rob Kardos of Kardos Scanlan and importer and manufacturer Michael Pilkington.

Ok, so I've revisited and nothing has changed. Some mystery yank apparently puts some mystery amount of money into the mystery deal for mysterious No-Name stadium.

The point remains. They couldn't get a naming sponsor so diverted money from elsewhere to make it look like they're making money from the mystery deal.

[Fred]

Wooo. .... Pimco. That’s some serious money dude. These guys are massive .... beyond massive. You know the European Banking Crisis a few years back .... didn’t affect them much but the decisions they made re: bonds certainly caused it. That’s how fucking big they are. (For those at home... it all related to the Euro coming into being and ratings for Bonds for poor economies that all of a sudden came under the Euro... e.g., Greece first and foremost with Spain, Ireland, and Portugal to follow).

[AFLcrap1]

Lol
These words are rubbish .
"According to one afl insider"
Lol x1000
So that's the source .
An un named afl insider .
Let's not question this .lol

[pussycat]

Absolute bullshit again that you cannot provide a source for .
Why do you keep repeating it if you can't show it's true .
They were not kicked out .

So lets find some sources. Something for everyone, some truth, some bullshit.

THE embattled Gold Coast are on the brink of financial ruin as it emerged the level of debt on the Titans' empire has blown out to an extraordinary $35 million.

As the Titans head to the Federal Court today to fight wind-up proceedings against its property arm, The Courier-Mail can reveal the magnitude of the club's financial haemorraghing, which is worse than the initial forecasted debts of $25-30 million.

https://www.couriermail.com.au/sport/nr ... c7d45d2ba7

They didnt sign a lease at Robina once it expired due to rent issues, they werent paying rent at their Centre of Excellence, they owned it and sold it to Bond to pay debt.
https://www.abc.net.au/news/2014-09-24/ ... ra/5766926

they were evidently homeless for a little bit.
https://www.goldcoastbulletin.com.au/sp ... %20skyline.

they were saved by Gold Coast council offering them temporary training facilities
https://www.watoday.com.au/sport/nrl/go ... 3nor5.html

The Titans being a wholly owned subsidary of the NRL for a time is confirmed in their annual reports. Its also confirmed in the media here
https://www.watoday.com.au/sport/nrl/go ... 3nor5.html
https://www.seniorsnews.com.au/news/new ... l/2554834/

That was to do with there owners and there owners property group debts . They certainly don't rely on the NRL for a $10 or 15 million dollar hand out each year and then brag about having made a $200 profit.

And as confirmed in the annual report at that time they were 1 of 3 clubs that were receiving a total of 6? million

[pussycat]

Lol there's a massive difference
The NRL is a level playing field on field .
All teams play under the same rules same $$
Bit different in your compromised comp .

Maybe. But theres a reason our expansions have stayed alive. And the NRL just cant even seem to get it moving.

The only expansion difficulties we've encountered are the ones that came as a result of the Super League War. Were part of Murdoch tactics to inflate payments to such levels that clubs fell by the wayside. But our expansion attempts, boast, Newcastle, Brisbane ,Canberra, Gold Coast, New Zealand and Melbourne. and none of these clubs get $millions and millions and millions of dollars to survive every year - a bottomless pit. And the saddest part is many of these aren't even expansion clubs. It wasn't to many years back that the swans were insolvent every second week

You do remember the Super League War? The one were Murdoch chose Australia's most popular sport to spearhead his start up PTV network. The One where Murdoch showed no interest in AFL!

[pussycat]

Maybe. But theres a reason our expansions have stayed alive. And the NRL just cant even seem to get it moving.

The only expansion difficulties we've encountered are the ones that came as a result of the Super League War. Were part of Murdoch tactics to inflate payments to such levels that clubs fell by the wayside. But our expansion attempts, boast, Newcastle, Brisbane ,Canberra, Gold Coast, New Zealand and Melbourne. and none of these clubs get $millions and millions and millions of dollars to survive every year - a bottomless pit. And the saddest part is many of these aren't even expansion clubs. It wasn't to many years back that the swans were insolvent every second week

You do remember the Super League War? The one were Murdoch chose Australia's most popular sport to spearhead his start up PTV network. The One where Murdoch showed no interest in AFL!

How can we not fucking remember the super league war, its been your excuse for fucking everything since 1997.

Never mind that Newcastle and Gold Coast were both in such financially bad shape they had to be repossessed by the league,or that the Warriors were financially fucked by 2000 and had to be rebuild, or that giving Melbourne millions was part of the deal to get News out of the picture there....

Reaility is expansion discussions have gone nowhere since 2008.

Newcastle + Gold Coast +Balmain = $6 total.

Gws, Suns, Brisbane, Freemantle etc. 10 -15m each, worth of handouts annually

The Warriors may have had a few different owners over the tears but I cant ever recall them ever being fucked or even close to it!


I would say efforts at expansion haven't been any less successful than yours - probably more