Couldn't give a stuff about Richmond. When a Going Concern statement contains the words 'significant uncertainty' the uneducated on accounting terminology tend to worry.

I guess the club are counting on the participation of lots of pokie 'losers' out there.

So if we had the same wages bill as the Tiggers our profit this year would have been 5.2 million rather than 2.2 million.

Checked a few more details: we actually spend $6 million more in terms of operational expenses. The Tigers are clambering onto their current asset sheet, despite the fact they halved their cash numbers this year (they sunk $7 million into their development this year, we only spent $7 million of our cash over the last two years for ours).

Why? They're still building their facility. They'll be cleaned out by the end of it, and geared more towards long-term assets. Won't be anywhere near as flash though, because they simply don't have the revenue streams to cover it ($8 million gap between us and them).

But Doc's right, we need to drum up more revenue to cover ourselves because while we're getting good numbers in, we're also fuelling some top paid individuals in the football department and in club operations.

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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.

To substantially Increase revenue we need sustained success including a Flag in the next 3-4 years. Success attracts money although it would be nice to see more supporters get on board as members. We were down $600,000 on membership from last year and then if we maintained same numbers we would have had a $500,000 surplus per Gary March accounting standards.

I guess when all those Pokie machies come on line the bottom line will improve big time and this no doubt is in part what is behind March's snide comments because we now own a hotel the Tigers used to.

asset to debt ratio is 2:1 where it was last year & where it should be...some one offs won't be in next yrs annnualy which should help the bottom line. if it where on the exchange it would have been bought up due to the growing nature of the balance sheet in spite of falling operating profit..its not exactly all that bad! you need to take seome debt to grow and we have done alot of redevelopment work and money doesnt grow on trees.. you either grow or stay as a richmond yr decision.

In this game it doesn't really matter where the revenue comes from as long as you get it.

Gate receipts - We do better than most
Sponsors - We are probably 50:50 and could do better, best sponsorship going forward will most likely go interstate.
Donations - We do ok and could easily ask for more. Not cool to do this unless you need to.
Govt Grants - We do ok with two State Ministers mad keen Carlton people - Madden and Pacula.
AFL - They are warming to us after years of loathing Elliot and his crew.

Don't forget that we are at least 1/17 of the AFL and they don't give use 1/17 of their revenue.

If they did we would get around 18m.

While the AFL controls the Stadiums, Gate and TV we will struggle to generate revenue unless we get lucky like Collingwood and have a Media personality as a president and can get to a couple of Grand Finals.

The AFL should really pay off all of the Stadium debt as they didn't want us to play at Optus. The new Gym makes it now impossible to redevelop for events like the World Cup, stupid architects put the building too close to the oval. Only way to fix things is to move the playing surface further towards the Legends stand.

AFL should base the new VFL Super league at Optus, that might reduce the debt.

Piss off Julia!

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I see you watching me watching you.

Couldnt care less what March says, facts are we spend more on our football department and development.

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You heard it here first!

Greg Swan doing it with mirrors

2.2 mill operating profit
less2.0 mill form Aust Govt
less2.0 mill from Visy

= 1.8 loss

Do you have point as such or are you just throwing something, hoping it will stick?

Regards Cazzesman

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Ricky Gervais - “Everyone has the right to hold whatever beliefs they want. And everyone else has the right to find those beliefs f***ing ridiculous.”

so bottom line is we're even deeper in debt... spending a fortune on supposed 'elite' Admin/FD personnel... ??

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There's so much I could say...

Looking at the financials, you're way way off the mark there BudzyBlues.

Sigh.

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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 point is fact.....We are running on enormous subsidy....Swan is doing it with mirrors making it look like he is a great financial manager and he is not and should be keeping his head down. The potential saviour of the club is the matheison pub deal. Bruce's brain is the financial future of the club. Swan should be told by the board to stop using spin to build the image that he is great financial ceo. And you should respect some of the opinions of some of the posters on here

Have you looked at the accounts though Michael?

You will see last year we had almost $8million in grants in our operating profit. Grants are exactly that, money granted to the club for a specific purpose. They're there to be utilised and don't need to be paid back, just acquitted appropriately.

The pertinent figures lie above borrowing costs:

Revenue up $901,018

Income less expenses (excluding borrowing costs, depreciation etc) $2.1mil compared to $1.7 last year

Getting sick of the negative nellies on this forum....

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James Hird and Essendon* FC - #FOREVERDRUGCHEATS

Gee we get grants, etc and include them in our accounts as per required accounting practices.

Can someone tell me are we the only club? Don't answer that - of course flowering not.

AFL is big business like it or not and we are part of it - have any of the negative nellies actually considered that the government actually is quite happy handing grants out to the AFL and its clus considering the amount of indirect employment,taxes and joy it generates. Without Carlton and Co do you think that there would be as many people employed in the media, public sector, private sector or even the medical industry.

Christ get a grip people our club was very nearly bent over and reamed (without lube) into oblivion not to long ago - The fact that we are moving foward like we are should be cause for celebration.

Do we have enough members - shit no, do we have enough money, hell no, do we have enough premierships - @#$%&! no - do we have enough spoons - hell far too bloody many.

What we should be concerned about is not getting bigger handouts becuase without us the Spew and Co certainly wouldnt have the product that they currently market.

True that....
We were the 2nd most watched team on TV behind the Filth in 2010 ? The Spew and co would love that!!

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James Hird and Essendon* FC - #FOREVERDRUGCHEATS

The Blue Believers will get us out of the red..!

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There's so much I could say...