Thanks Wook.....

that's some nice early morning light
reading there...!

ya like numbers hey...!


kindest regards tommi

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that'siti'mnotchangingthistagain......!

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That’s not a political statement — it’s a harsh reality, and we must act,” she said. “He is a clear and present danger to the things that keep us strong and free. I support impeachment.”

2.7 million dollar loss and our debt facility increased by 700k.
The board needs to do a lot of explaining because it is solely the decisions of the board members and the people they appoint for these crap numbers.
I have a feeling that the board plan is, when the team starts winning things will turn around.

AGM on the 22nd of December

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"You are being watched. The government has a secret system. A machine that spies on you every hour of every day. I know because I built it." - Finch

- $1.25m increase in wages, reflecting the turnover in staff; shouldn't form a trend
- $1.54m drop in sponsorship, and I'd anticipate that to go down again unless there's something anomalous about the 2014 revenue (finals finish in 2013, prime time TV quota?)
- No longer driving hard for grants and fundraising; painful but necessary in the long run
- Just shy of $1m less in merchandising; huge drop off that reflects how quickly our season looked shot, as well as the lack of marquee players (trades/draft selections), that should bounce back
- Match-related revenue down on the whole; combination of people moving to more casual arrangements (ticket vs. membership), price freezes
- Other football operations income increased markedly, but no definition of why?

- Match day costs up $620k; how much of that is the initial outlay for new initiatives (concerts/social club events, etc)
- Current liabilities outweigh current assets but this is a snapshot of a sporting organisation at EoFY; they have lump sum payments that come in early in the season
- Short term debt situation is still under control (total debt below $7m), but 2 year window on the bulk of that debt; likely to be restructured given current interest rates
- Depreciation expenses down compared to 2014, but still contributing to the bulk of the P/L figure; would be interesting to see the models relating to building assets
- Non-football spend back under control after last year's turnover (change of CEO)

All in all the result makes sense, but I'd like to see 'Other football operations' broken down into clearer categories as there is obviously a clear reason for changes over the journey (eg. have we begun generating more content revenue online). Certainly not as grim a picture as has been painted by some despite the figure.

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29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

Thanks Jimmae was just about to do that analysis!

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dane's trolling again

The only sense that result makes is that we are the worst run club in the afl. We have fallen away more than any other club in the afl both on and off field. What is sad is that most of the people responsible for this are still in charge.

Our average attendances are down 15,000 compared to 2011. That's absolutely massive. There are several indicators of how far our club has fallen, but that's a major one in my opinion.

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@cecil_anderson

We're not seen as a finals team, or an exciting match up. Discourages both teams' supporters and the neutrals from making a day out of it.

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29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

My biggest query is Operating costs.

In 2010, it was $28million per year. That increases by $11million by 2012 and a further $10million in 2014.

So in 2015 our Operating Costs are $49million??? $21million increase in just 4 years?

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"We are what we repeatedly do. Excellence, then, is not an act, but a habit"
- Aristotle

That's when the new high performance training centre was completed and we started playing catch up to the big clubs in terms of footy department spend.

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29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

Plus pokies?

I think it's very clear that the CLub chose to invest in the football department in those years rather than pay down debt too. That was stated a number of times and appropriate given where we sat.

Put aside the complete meltdown of the list and the coaching payouts to malthouse I still think that was the right decision.

To paraphrase our heroic national leaders I believe Carlton has a revenue problem, not a costs problem.

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Formerly: Ackland the Wonderkid / Army the Wonderkid / quivering mess / molsey / Tony Lynn Fan Club

We did pay off the AFL loan and some considerable parts of the commercial facility as well, but then we took out loans for gaming entitlements....

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http://www.youtube.com/user/Navyblue95 -
my youtube channel tracking carlton news on television and paytv

Can cut it any way you like - but if a public company had such continuing bad financial results the same board wouldn't survive and shareholders would be up in arms about the CONTINUING BAD results

This is unacceptable and DOES DEMONSTRATE we are the worst run club in the AFL - the current board and Chair are responsible and should be accountable for the dreadful result

That's alright. Just a little more embarrassing press for our supporters to deal with while we bitch about how apathetic they are and why they're not handing over money...

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WADA medical director Dr Alan Vernec describes Essendon* FC drug case as biggest scandal in team sport the world of sport has seen. #WC2WB

#GUILTY

Not handing over money was a relevant reason for the loss.

Watch the positive result next year on the back of renewed supporter interest.

You will find it will mostly relate to operating the pokies venues more than anything else.
There will be a corresponding jump in revenue.

Apologies, I thought this was finalised in 2012. As it turns out I've misread the question, but there was a jump in expenditure of about $10m as we brought the club facilities up to speed from 2007-2010.

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29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

Really? Because St Kilda took 16 million from the AFL this year - putting them on par with Gold Coast for league contributions. If the Suns had a good financial year, they could cost the league less than the Saints in 2015. Brisbane took 15 million from the AFL this year, putting them not far behind.

We arent even the worst run club in Victoria, let alone the AFL.

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http://www.youtube.com/user/Navyblue95 -
my youtube channel tracking carlton news on television and paytv