Has Daniel Grollo been approached ? If not, why not ?

Has Daniel Grollo been approached ? If not, why not ?

The best VFL club is now a middle of the road club off the field. Teams that were average in the VFL are now better structured and seem to have more $$$ than we do. Yes we do have great facilities but so does evryone else.

Drewgirl I understand your frustration, but there is nothing new in this report. Nothing at all. The debt levels have been published for many years. No one at the Club would deny it's high and we need to do something about it; the question is whether its a priority now or whether other thiings need to take precedence. I'm in the latter camp but would like to see a plan or some attention to this.

I've been reading our annual reports ever since the end of the Elliot reign. It's a big number, but increasingly manageable, particularly if they are successful in delivering new / increased revenue streams:

- Premier Finance
- pokies
- Attendance / merchandise

And even if the reports are not showing anything new, why shouldnt someone from the club stand up to these journalists who insist on rubbishing our club.

That is horribly inaccurate.

(Molsey, I just saw your previous post. I'm surprised you don't think a football club Chairman/President has a significant role to play in shaking the corporate tree for revenue streams. I'd say being able to attract that kind of support is around half his job).

Are you satisifed with our membership numbers? Our main competitors have leapt over us

Are you satisfied with our financial situation? I am no finance guru but I doubt we would be in the top 8 financed clubs

I suppose success is all about winning flags, we are making in roads. Off the field, membership and $$$ are major issues and I do not believe we are well positioned in these areas. A club with our success I believe we should be better positioned imo especially with our support base.

I don't think it was published online, but further to this story The Age has published an audit of all Victorian clubs, and how they stack up.

We don't come out of it looking great.

Revenue:
Collingwood 75.2 mil
Ess 44.9
Gee 44.8
Haw 40.6
St Kilda 37.9
Carlton 35
Melb 32.8
WB 32.1
Rich 31.5
North 25.6

We have the fourth-highest liabilities.

There's nothing new in this article and none of the data should surprise anyone. Carlton has a lot of debt for a football club - Fact. Carlton has chosen to try and rebuild off the field and fund its share of the new development rather than pay off debt.

This note from our Auditors has been in the accounts for most of the last decade. In parallel our revenues have picked up (not enough IMHO but perhaps the pokies will assist) and we've sought to compete for the off field performance teams. Alot of this has been done but not doubt Collingwood will continue to set the bar here and advance their Club faster than ours (they could for example employ a few minders to look after a Fevola if they ever recruited him!).

I wouldnt worry about a rollover date. Its not GFC anymore. Banks will happily rollover debt these days as the Banks are slowly becoming competitive again. besides with the AFL over the top there won't be a problem.

We've never stopped being high in debt and we've never stopped having a weak balance sheet. We have however prioritised expenditure and we are moving ahead. A debt reduction campaign is one way to do it but also if the pokies pick up it might assist. A GF performance would surely go down well too.

(As for individuals not sure what a President has to do with this)

From earlier in the thread:


I'd say the only interstate clubs above those figures would be West Coast, Adelaide & Fremantle.

We're about 8th in the off-field stakes, after plunging cash into re-establishing our football department. We've set up some additional revenue streams in the last 18 months but there is still a lot more work to be done. We are nothing like a VFL club; that is absolute fantasy.

Jimmae go back and re read my initial post, I did not say we are a VFL side.

I stated that we were a powerhouse in the VFL, the best – we were admired and hated due to our success.

Now in the AFL we have became average of the field in terms of membership and $

No fantasy there Jimmae.