Richmond Tigers eye $1 million profit (Herald-Sun)

[one-eyed]

Richmond Tigers eye $1 million profit
Jon Ralph | June 09, 2009

RICHMOND will shrug off the credit crunch to declare a $1 million profit, and says that figure is sustainable even without the hype from Ben Cousins' recruitment. Tigers president Gary March said  the club's off-field stability was a key selling point for any prospective new coach.

March said Richmond would soon have arguably the best facilities of any Victorian club, with the addition of its Craigieburn facility, and had football department spending to match any rival.

The board will this evening ratify the club's plans to hire a new coach, with the Tigers set to more than double last year's $395,000 profit, despite the tough financial times.

Despite the spate of losses that led to coach Terry Wallace being sacked, Richmond's membership is at record levels and it is a close second on attendances to Essendon.

March was confident the club could maintain its financial strength even without the dramatic spike to membership Cousins provided.

"By this time of the year you pretty much know where you sit in terms of revenue and cost base, so we expect to make close to a seven-figure profit," March said. "Two years ago we made a million-dollar profit and finished down the bottom and certainly didn't have Ben Cousins.

"It's not just Ben, our sponsorship is 40 per cent ahead of where it was four years ago in terms of revenue, and we are up in a whole lot of areas."

http://www.news.com.au/heraldsun/sport/afl/story/0,26576,25607584-19742,00.html

[bushranger]

This is good news with the Wallace departure and our on feild preformaces, to still be able to get a better than others profit.
Lets hope that the next coach we get can see past the crap and notice that off feild we are strong.
And that he has to make the team like that.
But one question does the coaches salary go on to the salary cap too? True question to.

[Ramps]

Saving money on the Wallace contract next year- ie. getting a younger coach will produce savings and cutting senior players like Simmonds, Johnson, Bowden and Brown in particular will produce massive savings that can be put into developing a proper football structure hopefully with several development coaches.

[WilliamPowell]

But one question does the coaches salary go on to the salary cap too?

No

[bushranger]

Thank you for that.

[Muscles]

Would this indicated profit figure translate to cash in the bank or would it just be an accounting profit?

If it was cash in the bank, would the Board use it to pay down some of the outstanding debt or would they use it to further bolster the football department?

[TigerTime]

thanku ben cuz!

rfc , consider this when considering whetehr to extend bens contract or not

eatem alive benny