derpball posts 43 million loss for 2021
Posted: Tue Feb 15, 2022 7:20 pm
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couldn't of happened to a nicer bunch of cu*ntsTerry wrote: Thu Feb 17, 2022 12:49 pmIt seems the AFL may be in a spot of bother. They got a $600M line of credit off the ANZ bank in 2020. Plus they had an existing loan of $280M for when they bought Marvel stadium. Now they're losing millions year on year.
Gilty and the boys at HQ had better quit chasing the young ladies around the office and get to work to balance the books. They're currently dripping in red ink.
A truly sad time for Australia's ugliest sport!!!!
it truly is amazing what can happen when you include the financials for 2 state of origin series and dont pay for a womens series at all. Truly outstanding. Blind freddie should have seen this coming.
leeroy*NRL* wrote: Thu Feb 17, 2022 6:34 pmi cannot remember but did we get a figure of how much the AFL actually drew down on that line of credit ?
2 years of losses. For the three years prior to 2020 they turned profits of between 20 and 60 million, and over 5 years are up 62m. I think they'll manage somehow.Terry wrote: Thu Feb 17, 2022 12:49 pmIt seems the AFL may be in a spot of bother. They got a $600M line of credit off the ANZ bank in 2020. Plus they had an existing loan of $280M for when they bought Marvel stadium. Now they're losing millions year on year.
Gone wrote: Fri Feb 25, 2022 9:37 pmit truly is amazing what can happen when you include the financials for 2 state of origin series and dont pay for a womens series at all. Truly outstanding. Blind freddie should have seen this coming.
leeroy*NRL* wrote: Thu Feb 17, 2022 6:34 pmi cannot remember but did we get a figure of how much the AFL actually drew down on that line of credit ?
It wasnt much apparently. The league used its cash reserves (60m), but barely dipped into the line of credit.
2 years of losses. For the three years prior to 2020 they turned profits of between 20 and 60 million, and over 5 years are up 62m. I think they'll manage somehow.Terry wrote: Thu Feb 17, 2022 12:49 pmIt seems the AFL may be in a spot of bother. They got a $600M line of credit off the ANZ bank in 2020. Plus they had an existing loan of $280M for when they bought Marvel stadium. Now they're losing millions year on year.
well there will be 2 Seasons of Women's Rugby League in 2022 (so will just wait and see)Gone wrote: Fri Feb 25, 2022 9:37 pmit truly is amazing what can happen when you include the financials for 2 state of origin series and dont pay for a womens series at all. Truly outstanding. Blind freddie should have seen this coming.
leeroy*NRL* wrote: Thu Feb 17, 2022 6:34 pmi cannot remember but did we get a figure of how much the AFL actually drew down on that line of credit ?
It wasnt much apparently. The league used its cash reserves (60m), but barely dipped into the line of credit.
2 years of losses. For the three years prior to 2020 they turned profits of between 20 and 60 million, and over 5 years are up 62m. I think they'll manage somehow.Terry wrote: Thu Feb 17, 2022 12:49 pmIt seems the AFL may be in a spot of bother. They got a $600M line of credit off the ANZ bank in 2020. Plus they had an existing loan of $280M for when they bought Marvel stadium. Now they're losing millions year on year.