Author Topic: $1 million profit expected this year  (Read 1108 times)

Offline one-eyed

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$1 million profit expected this year
« on: March 28, 2007, 03:56:19 AM »
From Herald-Sun
Damian Barrett and Michael Stevens
28 March 2007

Chief executive Steven Wright said a $1 million profit was expected this year.

Wright said he hoped club debt would be down to $3.5 million by the end of 2007, from $5.2 million in 2004.

With a $7 million redevelopment of Punt Rd to begin soon, Wright said the mood at the club was bright.

"This is a great venue and we want to stay here. We definitely don't want a Lexus Centre-type facility," Wright said.

http://www.heraldsun.news.com.au/footy/common/story_page/0,8033,21459776%255E19742,00.html

Offline mightytiges

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Re: $1 million profit expected this year
« Reply #1 on: March 28, 2007, 01:10:27 PM »
Wright said he hoped club debt would be down to $3.5 million by the end of 2007, from $5.2 million in 2004.

Knocking a million off each year = Debt free hopefully by 2010-11  :pray

"This is a great venue and we want to stay here. We definitely don't want a Lexus Centre-type facility," Wright said.

But Collingwood values its traditions  :rollin
All you touch and all you see is all your life will ever be - Pink Floyd

Offline WilliamPowell

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Re: $1 million profit expected this year
« Reply #2 on: March 28, 2007, 01:13:34 PM »

"This is a great venue and we want to stay here. We definitely don't want a Lexus Centre-type facility," Wright said.

But Collingwood values its traditions  :rollin

They would if they knew wat it meant ::)

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