One-Eyed Richmond Forum
Football => Richmond Rant => Topic started by: WilliamPowell on November 19, 2013, 06:35:30 PM
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Tigers announce $3.3 million profit
richmondfc.com.au
November 19, 2013 4:43
Richmond Football Club has recorded a net surplus of $3.317 million for the financial year ended October 31, 2013.
It is the Club's ninth consecutive profit and the second consecutive profit in excess of $3 million.
Richmond now has no debt, one year ahead of the 2014 target that had been set for its eradication.
The Club also has improved its net asset position from $19.07 million to $22.38 million.
"This is a very pleasing result and one we have been able to deliver while making significant investments in our football program and our facilities at the ME Bank Centre," said Richmond’s president Peggy O'Neal.
"We invested a further $1.59 million in our football department and spent another $2 million resurfacing Punt Road Oval – investments that were seen as critical to the delivery of on-field success.
Full article:
http://www.richmondfc.com.au/news/2013-11-19/tigers-announce-33-million-profit
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Dat feel :santa
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And yet can't afford home games @ punt road :huh
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And yet can't afford home games @ punt road :huh
I would say we are being fiscally responsible. All in good time
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And yet can't afford home games @ punt road :huh
I thought we are doing this in 2014
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And yet can't afford home games @ punt road :huh
:facepalm
Oh if it were only that simple.
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Debt-free Tigers are roaring
The Age
November 19, 2013 - 8:37PM
Back in the finals and now clear of debt, it has been quite a year for AFL club Richmond.
The Tigers announced on Tuesday a net surplus of $3.317 million for the financial year which ended on October 31.
Richmond has posted their ninth consecutive profit and are now out of debt, one year ahead of their schedule.
Richmond's net asset position rises from $19.07 million to $22.38 million.
"This is a very pleasing result and one we have been able to deliver while making significant investments in our football program and our facilities at the ME Bank Centre," Richmond's president Peggy O'Neal said.
The Tigers, who broke a 12-year drought by playing finals football in 2013, ploughed $1.59 million into their football department.
They also spent $2 million resurfacing Punt Road Oval.
O'Neal said the burden of significant debt had been holding the club back.
"Improved business performance driven by our committed members, coteries, supporters and sponsors combined with the wonderful support provided to the Fighting Tiger Fund, means that is no longer the case," O'Neal said.
"The board made a conscious decision that developing the club's financial muscle was a priority if we are to deliver on-field success, and we are working to build a business that is at the forefront of professional sport."
Richmond's 60,321 members provided a record net membership revenue of $6.35 million and merchandise sales grew by 17 per cent, the Tigers said.
Read more: http://www.theage.com.au/afl/afl-news/debtfree-tigers-are-roaring-20131119-2xtge.html#ixzz2l5Enkvrg
- Total revenue: $44.8 million (Club record)
- Record net membership revenue of $6.35 million, representing 60,321 members
- Match attendance grew by 19% (excluding final), ranking the Club second in the AFL
- Record sponsorship net revenue
- Merchandise sales grew by 17%
- Record coterie revenue
http://www.afl.com.au/news/2013-11-19/tigers-record-massive-profit
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And yet can't afford home games @ punt road :huh
Cant see 50k+ squeezing into Punts big man.
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The more things change, the more things stay that seem it seems.
wait, wot?
Onya tiges. :thumbsup Golden era comin up!
:gotigers
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:banghead
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Debt-free Tigers are roaring
The Age
November 19, 2013 - 8:37PM
Back in the finals and now clear of debt, it has been quite a year for AFL club Richmond.
The Tigers announced on Tuesday a net surplus of $3.317 million for the financial year which ended on October 31.
Richmond has posted their ninth consecutive profit and are now out of debt, one year ahead of their schedule.
Richmond's net asset position rises from $19.07 million to $22.38 million.
"This is a very pleasing result and one we have been able to deliver while making significant investments in our football program and our facilities at the ME Bank Centre," Richmond's president Peggy O'Neal said.
The Tigers, who broke a 12-year drought by playing finals football in 2013, ploughed $1.59 million into their football department.
They also spent $2 million resurfacing Punt Road Oval.
O'Neal said the burden of significant debt had been holding the club back.
"Improved business performance driven by our committed members, coteries, supporters and sponsors combined with the wonderful support provided to the Fighting Tiger Fund, means that is no longer the case," O'Neal said.
"The board made a conscious decision that developing the club's financial muscle was a priority if we are to deliver on-field success, and we are working to build a business that is at the forefront of professional sport."
Richmond's 60,321 members provided a record net membership revenue of $6.35 million and merchandise sales grew by 17 per cent, the Tigers said.
Read more: http://www.theage.com.au/afl/afl-news/debtfree-tigers-are-roaring-20131119-2xtge.html#ixzz2l5Enkvrg
- Total revenue: $44.8 million (Club record)
- Record net membership revenue of $6.35 million, representing 60,321 members
- Match attendance grew by 19% (excluding final), ranking the Club second in the AFL
- Record sponsorship net revenue
- Merchandise sales grew by 17%
- Record coterie revenue
http://www.afl.com.au/news/2013-11-19/tigers-record-massive-profit
What's the go with the afl site link ? The text seems to have gone missing..
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Received a copy of the full financials today.
Have had a quick look and will have a proper read later
But so far from what I've read they are excellent numbers
Well done RFC :clapping
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Received a copy of the full financials today.
Have had a quick look and will have a proper read later
But so far from what I've read they are excellent numbers
Well done RFC :clapping
Can I get a prediction for Collingwood's financials ?
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Received a copy of the full financials today.
Have had a quick look and will have a proper read later
But so far from what I've read they are excellent numbers
Well done RFC :clapping
Can I get a prediction for Collingwood's financials ?
From me?
Again not interested,
So NO
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Received a copy of the full financials today.
Have had a quick look and will have a proper read later
But so far from what I've read they are excellent numbers
Well done RFC :clapping
Can I get a prediction for Collingwood's financials ?
From me?
Again not interested,
So NO
:(
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Debt-free Tigers are roaring
The Age
November 19, 2013 - 8:37PM
Back in the finals and now clear of debt, it has been quite a year for AFL club Richmond.
The Tigers announced on Tuesday a net surplus of $3.317 million for the financial year which ended on October 31.
Richmond has posted their ninth consecutive profit and are now out of debt, one year ahead of their schedule.
Richmond's net asset position rises from $19.07 million to $22.38 million.
"This is a very pleasing result and one we have been able to deliver while making significant investments in our football program and our facilities at the ME Bank Centre," Richmond's president Peggy O'Neal said.
The Tigers, who broke a 12-year drought by playing finals football in 2013, ploughed $1.59 million into their football department.
They also spent $2 million resurfacing Punt Road Oval.
O'Neal said the burden of significant debt had been holding the club back.
"Improved business performance driven by our committed members, coteries, supporters and sponsors combined with the wonderful support provided to the Fighting Tiger Fund, means that is no longer the case," O'Neal said.
"The board made a conscious decision that developing the club's financial muscle was a priority if we are to deliver on-field success, and we are working to build a business that is at the forefront of professional sport."
Richmond's 60,321 members provided a record net membership revenue of $6.35 million and merchandise sales grew by 17 per cent, the Tigers said.
Read more: http://www.theage.com.au/afl/afl-news/debtfree-tigers-are-roaring-20131119-2xtge.html#ixzz2l5Enkvrg
- Total revenue: $44.8 million (Club record)
- Record net membership revenue of $6.35 million, representing 60,321 members
- Match attendance grew by 19% (excluding final), ranking the Club second in the AFL
- Record sponsorship net revenue
- Merchandise sales grew by 17%
- Record coterie revenue
http://www.afl.com.au/news/2013-11-19/tigers-record-massive-profit
How about thanking the members????
And it's bloody well time the club showed us the thanks we deserve and stuffing beat the scum when we stuffing play them.
Loosing to the essendrug cheats, the filth, pissandpoo dawks, the handbaggers and the stuffing cheating scum bastards is unacceptable now.
..... I demand satisfaction!!!!!!
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
Err,, no....would think increasing Member numbers (eg selling more membership) would do the trick ;D
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
:huh Arent we as a club striving to become one of the stronger clubs in the competition financially? Simply stating that on current numbers we aren't and will need to keep growing at a faster rate than the rest otherwise we risk becoming an average run of the mill club once again if/when on field we have a downturn.
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
Err,, no....would think increasing Member numbers (eg selling more membership) would do the trick ;D
I'm behind the club if they decide to up the membership cost.
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
Err,, no....would think increasing Member numbers (eg selling more membership) would do the trick ;D
I'm behind the club if they decide to up the membership cost.
Think of it this way - 70,000 members and put the cost up by a measly $15.00 is over $1m big ones! Also as the member numbers grow many will move towards reserve seats so there is more money there.
Also this result puts RFC in the top three or four clubs financial results for 2013. Only Hawthorn, Collingwood and maybe West Coast have done better.
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
Err,, no....would think increasing Member numbers (eg selling more membership) would do the trick ;D
I'm behind the club if they decide to up the membership cost.
Think of it this way - 70,000 members and put the cost up by a measly $15.00 is over $1m big ones! Also as the member numbers grow many will move towards reserve seats so there is more money there.
Also this result puts RFC in the top three or four clubs financial results for 2013. Only Hawthorn, Collingwood and maybe West Coast have done better.
True, but increase your membership levels by 5k @ say $200 and there's another $1m big ones as well ;D
membership costs go up most years (they have for 2014) so a small price increase isn't an issue but big hikes could be
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
Err,, no....would think increasing Member numbers (eg selling more membership) would do the trick ;D
I'm behind the club if they decide to up the membership cost.
Think of it this way - 70,000 members and put the cost up by a measly $15.00 is over $1m big ones! Also as the member numbers grow many will move towards reserve seats so there is more money there.
Also this result puts RFC in the top three or four clubs financial results for 2013. Only Hawthorn, Collingwood and maybe West Coast have done better.
True, but increase your membership levels by 5k @ say $200 and there's another $1m big ones as well ;D
membership costs go up most years (they have for 2014) so a small price increase isn't an issue but big hikes could be
Well we all know you're a bit of a tight arse WP
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Well we all know you're a bit of a tight arse WP
Really?
I am?
Me thinks you have just made a really silly statement ;D
I am many things but that is definitely not one of them ;D
Especially when it comes to spending money on the RFC
Tell you what.... why dont we swap our RFC membership costs and you can see for yourself ;D
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Well we all know you're a bit of a tight arse WP
Really?
I am?
Me thinks you have just made a really silly statement ;D
I am many things but that is definitely not one of them ;D
Especially when it comes to spending money on the RFC
Tell you what.... why dont we swap our RFC membership costs and you can see for yourself ;D
I'm not even a member. Btw just having a lend
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not even a colonwoood member?
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not even a colonwoood member?
Yeah I'm a 3 gamer there
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tight arse
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Debt-free Tigers are roaring
The Age
November 19, 2013 - 8:37PM
Back in the finals and now clear of debt, it has been quite a year for AFL club Richmond.
The Tigers announced on Tuesday a net surplus of $3.317 million for the financial year which ended on October 31.
Richmond has posted their ninth consecutive profit and are now out of debt, one year ahead of their schedule.
Richmond's net asset position rises from $19.07 million to $22.38 million.
"This is a very pleasing result and one we have been able to deliver while making significant investments in our football program and our facilities at the ME Bank Centre," Richmond's president Peggy O'Neal said.
The Tigers, who broke a 12-year drought by playing finals football in 2013, ploughed $1.59 million into their football department.
They also spent $2 million resurfacing Punt Road Oval.
O'Neal said the burden of significant debt had been holding the club back.
"Improved business performance driven by our committed members, coteries, supporters and sponsors combined with the wonderful support provided to the Fighting Tiger Fund, means that is no longer the case," O'Neal said.
"The board made a conscious decision that developing the club's financial muscle was a priority if we are to deliver on-field success, and we are working to build a business that is at the forefront of professional sport."
Richmond's 60,321 members provided a record net membership revenue of $6.35 million and merchandise sales grew by 17 per cent, the Tigers said.
Read more: http://www.theage.com.au/afl/afl-news/debtfree-tigers-are-roaring-20131119-2xtge.html#ixzz2l5Enkvrg
- Total revenue: $44.8 million (Club record)
- Record net membership revenue of $6.35 million, representing 60,321 members
- Match attendance grew by 19% (excluding final), ranking the Club second in the AFL
- Record sponsorship net revenue
- Merchandise sales grew by 17%
- Record coterie revenue
http://www.afl.com.au/news/2013-11-19/tigers-record-massive-profit
How about thanking the members????
And it's bloody well time the club showed us the thanks we deserve and stuffing beat the scum when we stuffing play them.
Loosing to the essendrug cheats, the filth, peeandpoo dawks, the handbaggers and the stuffing cheating scum bastards is unacceptable now.
..... I demand satisfaction!!!!!!
You can demand whatever you want but the truth is no AFL club gives a poo about its members. We are just numbers to them and above all we are just money to them. Beyond that we are nothing to them and the sooner the supporters realise this the better off they will be.
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
On a member basis analysis we dont get enough money out of our membership sales. We need to increase revenue per member by $40 to $50 each at least or we need to get our membership sales up much higher. One way to increase revenue by membership is to try and get all of our members to buy reserve seats with there memberships.
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Received a copy of the full financials today.
Have had a quick look and will have a proper read later
But so far from what I've read they are excellent numbers
Well done RFC :clapping
And well done to us the supporters :clapping
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On a member basis analysis we dont get enough money out of our membership sales. We need to increase revenue per member by $40 to $50 each at least or we need to get our membership sales up much higher. One way to increase revenue by membership is to try and get all of our members to buy reserve seats with there memberships.
Disagree, $6mil + m'ship revenue is a good number. Then take away the membership costs for 2014 and I can assure you the club has made a very handy profit margin on memberships. It's not just about the amount of revenue it's also about the amount of costs incurred
With growth in m'ship levels revenues are going to naturally increase
Re: reserved seats, although I agree in theory with the MCG being our home ground the nessessity of people needing a reserve seat is not as great. So our reserve seat sales are not going to be a great. Coupled with that I would think the fact they've increased the cost of certain reserved seats by nearly $100-$120 over the last 2 years 92013-2014) means they've received good boost in revenues at that level
I think the area they need to look at improving their numbers on is at the Coterie level. As the saying goes there's "money for jam" in those.
And I know I harp on this year after year but I reckion if they they re-introduce a membership category for people who genuinely can't get to games and charge say $50 offer a few RFC branded items the profit margin on that would be high. More "money for jam" ;)
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Received a copy of the full financials today.
Have had a quick look and will have a proper read later
But so far from what I've read they are excellent numbers
Well done RFC :clapping
And well done to us the supporters :clapping
Agree :bow
But the one of the most pleasing number for me is the increase sponsorship & marketing revenue. Final over the $20mil mark. Granted it includes the FTF monies it is still a good result.
Actually to have passed the $40mil mark in revenues is an excellent achievement
Disappointed that again we have no idea how much the FTF has raised this year. Would like to know that number and how it's compares to the previous 2 years
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
Yes and while you're at it we'll have your membership prediction for them and pies
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
Yes and while you're at it we'll have your membership prediction for them and pies
I am going to make this as clear as I can for you Mrakov, for the absolute final time!!!!!!!!!
I am not interested in Hawthorn or Collingwoods membership numbers so I wont be making any prediction because I simply don't care
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
all good mate, no need to do my chasing :) I thought if you had the info handy you could share, Im happy to look into it myself
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
Yes and while you're at it we'll have your membership prediction for them and pies
:lol
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It's just a prediction ffs
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
Yes and while you're at it we'll have your membership prediction for them and pies
I am going to make this as clear as I can for you Mrakov, for the absolute final time!!!!!!!!!
I am not interested in Hawthorn or Collingwoods membership numbers so I wont be making any prediction because I simply don't care
Yet you can get the papers for Tony which would take much longer. A prediction consumes about 20 secs of your time. You could have given one like 3 or 4 times by now
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Great result and to see the growth in revenue. Still need to increase our membership revenue extensively, don't the pies hawks and bombres all get over 10mill from membership?
Merchandise and membership will grow again, hopefully corporate $$$ grows the most that's what separates the financial giants from the rest in this comp
Wot?? How do you propose we do that? And please don't suggest increase membership fees. Please!
Err,, no....would think increasing Member numbers (eg selling more membership) would do the trick ;D
I'm behind the club if they decide to up the membership cost.
Think of it this way - 70,000 members and put the cost up by a measly $15.00 is over $1m big ones! Also as the member numbers grow many will move towards reserve seats so there is more money there.
Also this result puts RFC in the top three or four clubs financial results for 2013. Only Hawthorn, Collingwood and maybe West Coast have done better.
I think most members can live with a $15 increase in fees, but we need to be careful as a club not to exclude those who might be struggling financially. Any more than say a 5% annual increase might be forcing others out of a club they've supported for decades - including those years when we were poo.
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
Yes and while you're at it we'll have your membership prediction for them and pies
I am going to make this as clear as I can for you Mrakov, for the absolute final time!!!!!!!!!
I am not interested in Hawthorn or Collingwoods membership numbers so I wont be making any prediction because I simply don't care
Yet you can get the papers for Tony which would take much longer. A prediction consumes about 20 secs of your time. You could have given one like 3 or 4 times by now
Hawks won't get beyond 65K. We actually had over 64K for this year but capped it off at about 60K. 70K will be easy next year. Collingwood are aiming at 100K. We will be number two in 2014.
Regarding revenue from marketing and sponsorship Collingwood had a record revenue of over $19m - http://www.afr.com/p/lifestyle/sport/joint_venture_apparel_contract_pays_1vV5Jsb8OS5nFXlewnyxiM
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Regarding revenue from marketing and sponsorship Collingwood had a record revenue of over $19m - http://www.afr.com/p/lifestyle/sport/joint_venture_apparel_contract_pays_1vV5Jsb8OS5nFXlewnyxiM
Thanks for that link
Article says their total revenue in 2012 was $69.6mil
Pert would not reveal how much revenue the club will make from merchandise this year. Collingwood does not separate merchandise sales in its annual report, instead grouping it with marketing and sponsorship income. Combined, those three sources accounted for about $19.1 million in revenue in 2012.
The club last year reported a record net profit of $7.8 million last year, from revenue of $69.6 million. The profit included almost $3 million in annual AFL funding, which Collingwood has chosen to use in the redevelopment of its training facility.
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WP do you know how our membership and marketing revenue compares to say Pies, Hawks, Eagles? and total revenue?
No I don't tony_m
Pies and Eagles haven't released their financial results for the year yet and I have no idea what's on the Hawks web-site
I don't normally bother with them to be honest but I can try and find out if you want
Yes and while you're at it we'll have your membership prediction for them and pies
I am going to make this as clear as I can for you Mrakov, for the absolute final time!!!!!!!!!
I am not interested in Hawthorn or Collingwoods membership numbers so I wont be making any prediction because I simply don't care
Yet you can get the papers for Tony which would take much longer. A prediction consumes about 20 secs of your time. You could have given one like 3 or 4 times by now
Hawks won't get beyond 65K. We actually had over 64K for this year but capped it off at about 60K. 70K will be easy next year. Collingwood are aiming at 100K. We will be number two in 2014.
Regarding revenue from marketing and sponsorship Collingwood had a record revenue of over $19m - http://www.afr.com/p/lifestyle/sport/joint_venture_apparel_contract_pays_1vV5Jsb8OS5nFXlewnyxiM
How do you know Collingwood are aiming for 100k? Have you got proof ?
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what a great result eh. gotta applaud em and give credit where its due. keep getting the off field side of it right and sooner rather than later the onside of it will come good.
huurrah hurrah huurrrraaagghhhh to those in charge.
alright alright you lot whos put the mickey in me drink ya bastards.
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The Bombers made a trading loss of $3.2 million this year. Technically they made a 'profit' though due to $5m in donations/grants for their new Airport West training facility.
http://www.news.com.au/sport/afl/asada-scandal-and-subsequent-fine-means-essendon-recorded-32m-trading-loss-in-2013/story-fndv8gad-1226768171267#mm-breached
The Pies on the other hand made a profit of $5 million this year while Brisbane lost $1.5m.
http://www.news.com.au/sport/afl/collingwood-shows-its-the-biggest-when-it-comes-to-offfield-power-with-massive-profit/story-fndv8g1a-1226768159211
http://www.theage.com.au/afl/afl-news/record-membership-drives-collingwood-to-52m-profit-20131125-2y662.html
$
Coll'wood +5.2m
Richmond +3.3m
Hawthorn +3.1m
Brisbane -1.5m
Essendon -3.2m (trading loss)
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Why wasn't the profit $3.5m
I WANT ANSWERS THIS ISNT GOOD ENOUGH
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Nice profit Collingwood, on the back of consecutive finals appearances, a flag and a grand final loss.
I'd like to see what our profits will look like when we have a successful run like this. :gotigers
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Lol Collingwood has played finals every year since 2005. $5.2 mil is nothing
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As a comparison
Revenue
Rich 44.8 mill up from 37 last year which is a great result
Coll 75mill up from about 72.5mill last year
Net asset worth
Rich 22 mill
Coll 35 mill
Football department spend
Coll 22.4mill
Rich ?
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As a comparison
Revenue
Rich 44.8 mill up from 37 last year which is a great result
Coll 75mill up from about 72.5mill last year
Net asset worth
Rich 22 mill
Coll 35 mill
Football department spend
Coll 22.4mill
Rich ?
I don't have the RFC full financials with me so I can't answer the question re our Footy dept spend
However, what we do know is our footy dept spend increased by $1.69mil
While the Pies only increased their's by $1.3mil
Any club making a profit these days is doing well IMHO
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Why hasn't the club released the info in Irish ? :banghead unacceptable
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Geelong has made an operating profit of just $148,000 even though they finished top 4 again. Mind you their turnover is $56m.
http://www.afl.com.au/news/2013-11-27/delay-on-cats-base
$
Coll'wood +5.2m
Richmond +3.3m
Hawthorn +3.1m
Geelong $148k
Brisbane -1.5m
Essendon -3.2m (trading loss)
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It would be interesting to compare membership revenues, considering we all crap on about how important us supporters are to the cause.
I wonder if we - the supporter - generate more revenue than the scum, the filth, the rabble and the Tassie hawks.
Maybe Benny can post how he won't stand for it any longer that the scum get more membership revenue than us?
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It would be interesting to compare membership revenues, considering we all crap on about how important us supporters are to the cause.
I wonder if we - the supporter - generate more revenue than the scum, the filth, the rabble and the Tassie hawks.
Maybe Benny can post how he won't stand for it any longer that the scum get more membership revenue than us?
Unfortunately the Financials don't say
We (RFC) only disclosure at the required level, they don't "drill down" to that sort of finite details
Break up of the $44.8 mil is
Football $15.565
Sponsorship & Marketing 22.932 (believe the FTF monies are included in this line)
Gaming & Social 5.549
Interest rec'd 0.075
JDF Contributions 0.725
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It would be interesting to compare membership revenues, considering we all crap on about how important us supporters are to the cause.
I wonder if we - the supporter - generate more revenue than the scum, the filth, the rabble and the Tassie hawks.
Maybe Benny can post how he won't stand for it any longer that the scum get more membership revenue than us?
from the first page of this thread
Record net membership revenue of $6.35 million, representing 60,321 members
Pretty sure, pies got about 14 mill revenue from membership last year, hawks and dons over 10. Numbers may be off a little as Im only going by memory but do distinctly recall thinking "stuff" when seeing the comparisons
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from the first page of this thread
Record net membership revenue of $6.35 million, representing 60,321 members
Pretty sure, pies got about 14 mill revenue from membership last year, hawks and dons over 10. Numbers may be off a little as Im only going by memory but do distinctly recall thinking "stuff" when seeing the comparisons
Thanks for that
But the key word is NET though tony_m
That means that figure is total revenue less expenses
Our Financials says m'ship expenses for the year was $2.219 mil
So our revenues only from m'ship is around $9 mil
Also important to note that the Pies & Dons charge more for a lot of their memberships.
In relation to the Pies I would suggest that their m'ship revenue figure is boosted by the number of premium membership/coteries they sell. You have to pay a massive premium to guarantee access to GF tickets, unlike the RFC
Think coterie memberships is an area that has great potential for the RFC if they market them the right way and offer good value for money. Sell more of them then your revenues will raise
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Good pickup WP, cheers. 9 mill last year total revenue vs 11 etc seems more plausible than almost 50%less.
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from the first page of this thread
Record net membership revenue of $6.35 million, representing 60,321 members
Pretty sure, pies got about 14 mill revenue from membership last year, hawks and dons over 10. Numbers may be off a little as Im only going by memory but do distinctly recall thinking "stuff" when seeing the comparisons
Thanks for that
But the key word is NET though tony_m
That means that figure is total revenue less expenses
Our Financials says m'ship expenses for the year was $2.219 mil
So our revenues only from m'ship is around $9 mil
Also important to note that the Pies & Dons charge more for a lot of their memberships.
In relation to the Pies I would suggest that their m'ship revenue figure is boosted by the number of premium membership/coteries they sell. You have to pay a massive premium to guarantee access to GF tickets, unlike the RFC
Think coterie memberships is an area that has great potential for the RFC if they market them the right way and offer good value for money. Sell more of them then your revenues will raise
Can't wait for the day when we will charge more for our memberships
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MELBOURNE'S season of woe has culminated in the club revealing an operating loss of $1.7 million.
Meanwhile, Carlton is back in the black, announcing an operating profit of $528,095
http://www.afl.com.au/news/2013-11-28/demons-lose-17-million
$
Coll'wood +5.2m
Richmond +3.3m
Hawthorn +3.1m
Carlton +528k
Geelong +148k
Bulldogs -143k
Brisbane -1.5m
Melbourne -1.7m
Essendon -3.2m (trading loss)
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Hard to believe we've made the second largest profit off all clubs to date. I wonder if any other clubs will come in and trump us??? All the signs a good. We will soon be able to confidently state we are the second largest club in the league....that is before we become the first :shh :thumbsup
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Why hard yo believe?
The giant stirring
If we make top four for a couple years straight shytes gunna get crazy
Will have to upgrade MCG 130k seats
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Melbourne makes a massive loss if you remove the money the afl gave them . Still waiting for our money from 2010 :whistle
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Worst team since fitzory? U get nothing
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Worst team since fitzory? U get nothing
Benny Gale said we are still waiting for that cheque
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Melbourne makes a massive loss if you remove the money the afl gave them . Still waiting for our money from 2010 :whistle
What money from 2010 ::)
Hard to believe we've made the second largest profit off all clubs to date. I wonder if any other clubs will come in and trump us??? All the signs a good. We will soon be able to confidently state we are the second largest club in the league....that is before we become the first :shh :thumbsup
Not really with the increases in sponsorship this year, bigger crowds, increase in merch sales etc and the FTF still going.
Would be really interested to know that FTF number for a number of reasons :whistle
Also, I'm pretty sure I read an article (by Caro) on the Age web-site a few months ago that suggested that less than half the clubs this year would make profits. So I don't see too many more profits being announced with the exception of the Eagles, Freo & Adelaide who always make profits
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Melbourne makes a massive loss if you remove the money the afl gave them . Still waiting for our money from 2010 :whistle
What money from 2010 ::)
The money the afl promised us
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Again I ask what money that the AFL supposedly promised to us?
For what?
We've received all monies due to us from the AFL
So what are you talking about this time
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Again I ask what money that the AFL supposedly promised to us?
For what?
We've received all monies due to us from the AFL
So what are you talking about this time
The money Melbourne got for being poo. We want ours from 2010
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Hey Johnny, you on the gas mate?
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Hey Johnny, you on the gas mate?
Not yet
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i think you should then..
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i think you should then..
Don't you worry about that little fella
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2013 Concise Financial Report:
http://win-cdn220-is-10.se.bptvpd.ngcdn.telstra.com/pd_afltigers0/RFCFinancialReport2013%28concise%29.pdf
Revenues: ($)
Football 15.6m (up 1.5m)
Sponsorship/Marketing 22.9m (up 3.6m)
Gaming/Social 5.6m (up 1.7m)
Interest 74k (down 8k)
JDF 725k (up 312k)
Total 44.8m (up 7.2m)
Expenditure:
Employee benefits expense 21.12m
Depreciation and amortisation expense 1.17m
Marketing and promotional expense 2.87m
Materials, purchases and match day hospitality 3.87m
Administration expense 1.19m
Finance costs 64k
Property maintenance expense 1.16m
Football support expense 4.25m
Membership expense 2.22m
Property lease expense 1.03m
Impairment loss on property, plant and equipment 0.20m
Other expenses 2.38m
Release for Wantirna Club onerous lease 0
Profit for the year 3,317,405
Throughout the financial year ended 31 October 2013, the AFL provided a guarantee of up to $3.0 million to the Westpac Banking Corporation as security for borrowing facilities. From 1 November 2013 this guarantee has been reduced to $1.5 million. The reduction in the guarantee is as a result of the elimination of the Company’s debt in the year ended 31 October 2013. Consequently, the facility limit has also been reduced from $3.0 million to $1.5 million
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So we were punished 1.5 m for finding our own way out of debt. :huh Perhaps we should have waited a year :shh
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So we were punished 1.5 m for finding our own way out of debt. :huh Perhaps we should have waited a year :shh
What do you mean Stripes? How were we punished? The $1.5 mil reduction in the guarantee requirement is fantastic news, massive bonus for the club
We aren't $1.5 mil out of pocket
The guarantee by the AFL was against any borrowings we had with the bank to the tune of $3mil, in other words to get borrowings from the bank the club needed the AFL to guarantee that they would cover payment of $3 mil if the Club couldn't afford to repay its debts to the bank.
That has now been reduced to a $1.5 mil guarantee which means our credit rating with the bank has improved dramatically, this a massive win for the club
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We probably don't even now really need the guarantee? If we needed to borrow $1.5m (say for additional infrastructure), we now look to be in a position to be able to cover it ourselves if we are now making $3m profits per year.
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We probably don't even now really need the guarantee? If we needed to borrow $1.5m (say for additional infrastructure), we now look to be in a position to be able to cover it ourselves if we are now making $3m profits per year.
Perhaps, but it all depends on how much our borrowing levels are. Our borrowing level before was over $5mil with the $3mil guarantee. Because our rating has improved so dramatically you may find level remains at $5mil but the guarantee requirement has reduced to reflect our nett operating profitability
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We probably don't even now really need the guarantee? If we needed to borrow $1.5m (say for additional infrastructure), we now look to be in a position to be able to cover it ourselves if we are now making $3m profits per year.
Perhaps, but it all depends on how much our borrowing levels are. Our boor wing level before was over $5mil with the $3mil guarantee. Because our rating has improved so dramatically you may find level remains at $5mil but the guarantee requirement has reduced to reflect our nett operating profitability
Yep that's probably more the reason. Great news anyway :thumbsup.
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So we were punished 1.5 m for finding our own way out of debt. :huh Perhaps we should have waited a year :shh
What do you mean Stripes? How were we punished? The $1.5 mil reduction in the guarantee requirement is fantastic news, massive bonus for the club
We aren't $1.5 mil out of pocket
The guarantee by the AFL was against any borrowings we had with the bank to the tune of $3mil, in other words to get borrowings from the bank the club needed the AFL to guarantee that they would cover payment of $3 mil if the Club couldn't afford to repay its debts to the bank.
That has now been reduced to a $1.5 mil guarantee which means our credit rating with the bank has improved dramatically, this a massive win for the club
Oh...ok then :-[ I took that as a reduction in the support payments that the AFL were giving us. That is good news then :thumbsup
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One word , impressive, the us treasury would be proud of that balance sheet :clapping
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Hey Bo I reckon the US treasury would be over the moon with 20 cents worth of mixed lollies
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Hey Bo I reckon the US treasury would be over the moon with 20 cents worth of mixed lollies
me too
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 13 Dec 2013 at 10:52:23 AM GMT is:
$ 1 7 , 2 2 6 , 5 1 9 , 7 5 4 , 0 9 7 . 8 6
The estimated population of the United States is 317,231,036
so each citizen's share of this debt is $54,302.76.
The National Debt has continued to increase an average of
$2.65 billion per day since September 30, 2012!
Concerned? Then tell Congress and the White House!
http://www.brillig.com/debt_clock/
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I guess my question here is directed to anyone who attended the AGM this past week.
Was there any mention or discussion on future revenue streams ie replacing the pokie revenue lost some years back now?
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I guess my question here is directed to anyone who attended the AGM this past week.
Was there any mention or discussion on future revenue streams ie replacing the pokie revenue lost some years back now?
No; not directly
Someone asked what plans do the club have regarding "safeguarding" the financial position of the future of the club
As I posted in the AGM thread there was a very long answer that didn't actually give us an answer ;D we were told that they are looking a number of options but hadn't settled on anything and that they intend to plan very carefully to ensure that they make the right decisions.
But did say that the performance of the Wantrina Club had improved significantly in 2013
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Thanx WP
From my understanding the lease on the Wantirna club runs out in 2019.If this is correct do you think they will take a new lease or dump it?
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in the context of gaming regulations and how they may change over time 2019 is a long long time away. they probably wont make a decision until 2017/2018 and itll depend on how its all going but for me if your going to go into an industry do it properly or get out. One venue isnt doing it properly and if we still only have 1 venue then Id be for not continuing if on the other hand the club has 3 or 4 venues around Melbourne then its probably a good idea to keep it running especially if its profitable.
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Id prefer we didn't go down this path. I just feel footy clubs reaping millions of dollars in revenue from this industry is in poor taste.
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Thanx WP
From my understanding the lease on the Wantirna club runs out in 2019.If this is correct do you think they will take a new lease or dump it?
Personally, think they will keep, have increased the number of machines in the last 12 months, invested too much to get to where it is now ie being profitable, think they will keep
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personally Id like to see the club invest in real estate and then just rent out the properties. nice clean way of making money.
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personally Id like to see the club invest in real estate and then just rent out the properties. nice clean way of making money.
Bingo
Said the same thing to people at the AGM, bricks & mortar is the way to go
Alternatively, buy land, build house and sell house ;D
Easy, secure :clapping
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what would the return on real estate be when compared to pokies?
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personally Id like to see the club invest in real estate and then just rent out the properties. nice clean way of making money.
Bingo
Said the same thing to people at the AGM, bricks & mortar is the way to go
Alternatively, buy land, build house and sell house ;D
Easy, secure :clapping
Really, perhaps our latest life member Bruce monteath could share some of the foibles of failed property developments ::)
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G - year on year nowhere near the profits of pokies but in terms of capital gain and net asset worth long term(talking 10+ years) would be very favourable and a lot more secure.
Buy parcels of land both commercial and residential that can give us returns short and long term. Some you develop now, some in the future and overtime develop a really strong and vibrant property portfolio.
Property is a great way to build the long term asset wealth of the club which Im sure(or hoping) they already do?
Money in bluechip shares like banks is also a sound investment.
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personally Id like to see the club invest in real estate and then just rent out the properties. nice clean way of making money.
Bingo
Said the same thing to people at the AGM, bricks & mortar is the way to go
Alternatively, buy land, build house and sell house ;D
Easy, secure :clapping
Really, perhaps our latest life member Bruce monteath could share some of the foibles of failed property developments ::)
Or perhaps we should talk to Geoff Raines or Murray Rance about successful ones ::) ::)
BTW I'm not talking about Commercial property developments, talking about simple residential investments
Don't get involved with deals with others, remain independent, start small build up = easy and secure
Money in bluechip shares like banks is also a sound investment.
Yep agree with this too, would only look at shares in banks wouldn't touch anything else :thumbsup
Need to be relative conservative in their decisions IMHO
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How hard would it be for the club to purchase 1 or 2 Terrace type houses around Richmond or East Melbourne or anywhere say within a 10km radius of town every year (after say 10 years the club would have a portfolio of say 20 properties). Investing in Richmond realestate or in other inner suburbs will for the most part be a winner coz its so close to town on the other hand if they wanna make a big investment they could just buy a freehold pub property and lease it to CUB or Woolworths or whoever wants to run the pokies.
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yep, wouldn't be silliest thing they could do ramps,