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Geek
geek
Joined: 06 Apr 2006
Location: Jacana
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| Jezza wrote: | Couldn't happen to a nicer club!
| Quote: | Carlton announce a loss of nearly $1 million after horror 2015 season
CARLTON’s miserable 2015 season brought about a loss of almost $1 million, fuelled by a decrease in attendances, player injury payments and sweeping coaching and staff changes.
The Blues announced the big loss on Saturday, with president Mark LoGiudice saying he was confident the club could make a profit again next year.
LoGiudice urged Carlton supporters to stay patient as he was confident the tide would start to turn off and off the field.
“Aside from our win-loss record there are other factors that led to this result, but the board and management have meticulously reviewed the club’s operations and Carlton members should be optimistic about our future,” LoGiudice said.
“Our management team is committed to returning Carlton to a financial surplus during 2016, this will be through strong cost control and growing traditional and non-traditional revenue streams.”
Carlton won only four games and finished on the bottom of the ladder in a year in which it sacked coach Mick Malthouse and ended with one of the biggest list transformations in the club’s history.
Admitting it was “one of the most challenging years” in the club’s history, the Blues released a statement that said the loss was $0.9 million (earnings before depreciation, amortisation and government grants |
http://www.heraldsun.com.au/sport/afl/teams/carlton/carlton-announce-a-loss-of-nearly-1-million-after-horror-2015-season/news-story/8c8b842fe2db57549b83a3b2249beb74#load-story-comments |
Strange, because when I check their annual report at http://s.afl.com.au/staticfile/AFL%20Tenant/Carlton/Documents/CFCFINANCIALREPORT2015.pdf , it says the club's loss was $2.7 million.
Surely the Hun didn't get something wrong?!?!
There were questions at the end of 2014 as to Carlton's ability to continue as a going concern. Might crack a bottle of red tonight and go over the above report and see how much closer they are to bankruptcy/HQ takeover |
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qldmagpie67
Joined: 18 Dec 2008
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| Geek wrote: | | Jezza wrote: | Couldn't happen to a nicer club!
| Quote: | Carlton announce a loss of nearly $1 million after horror 2015 season
CARLTON’s miserable 2015 season brought about a loss of almost $1 million, fuelled by a decrease in attendances, player injury payments and sweeping coaching and staff changes.
The Blues announced the big loss on Saturday, with president Mark LoGiudice saying he was confident the club could make a profit again next year.
LoGiudice urged Carlton supporters to stay patient as he was confident the tide would start to turn off and off the field.
“Aside from our win-loss record there are other factors that led to this result, but the board and management have meticulously reviewed the club’s operations and Carlton members should be optimistic about our future,” LoGiudice said.
“Our management team is committed to returning Carlton to a financial surplus during 2016, this will be through strong cost control and growing traditional and non-traditional revenue streams.”
Carlton won only four games and finished on the bottom of the ladder in a year in which it sacked coach Mick Malthouse and ended with one of the biggest list transformations in the club’s history.
Admitting it was “one of the most challenging years” in the club’s history, the Blues released a statement that said the loss was $0.9 million (earnings before depreciation, amortisation and government grants |
http://www.heraldsun.com.au/sport/afl/teams/carlton/carlton-announce-a-loss-of-nearly-1-million-after-horror-2015-season/news-story/8c8b842fe2db57549b83a3b2249beb74#load-story-comments |
Strange, because when I check their annual report at http://s.afl.com.au/staticfile/AFL%20Tenant/Carlton/Documents/CFCFINANCIALREPORT2015.pdf , it says the club's loss was $2.7 million.
Surely the Hun didn't get something wrong?!?!
There were questions at the end of 2014 as to Carlton's ability to continue as a going concern. Might crack a bottle of red tonight and go over the above report and see how much closer they are to bankruptcy/HQ takeover |
Actually both figures are correct depending on which set of accounts they use.
The annual report will include depreciation and other non cash items.
The $1 million figure is the pure cash loss which is expenses v income hence why they are running a term overdraft of $5million which is underwritten by the AFL like any club who seeks bank loans.
If I was a member there I would be concerned as there exoenses continue to grow hilts all sources of income are in decline and have been for the past 4yrs (with exception of gaming revenue which increased overall from 4yrs ago)
Poor management and large payouts impact this club and will continue to do so
They won't go broke the AFL can't and won't let it happen but they will be watching closely. |
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piedys 
Heeeeeeere's Dyso!!!
Joined: 04 Sep 2003
Location: Resident Forum Psychopath since 2003
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| qldmagpie67 wrote: | Actually both figures are correct depending on which set of accounts they use.
The annual report will include depreciation and other non cash items.
The $1 million figure is the pure cash loss which is expenses v income hence why they are running a term overdraft of $5million which is underwritten by the AFL like any club who seeks bank loans.
If I was a member there I would be concerned as there exoenses continue to grow hilts all sources of income are in decline and have been for the past 4yrs (with exception of gaming revenue which increased overall from 4yrs ago)
Poor management and large payouts impact this club and will continue to do so
They won't go broke the AFL can't and won't let it happen but they will be watching closely. |
Gee mister, you certainly are well informed for somebody that hangs around in the cross with people who enjoy the company of Lady-boys?
Dyso  |
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qldmagpie67
Joined: 18 Dec 2008
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| piedys wrote: | | qldmagpie67 wrote: | Actually both figures are correct depending on which set of accounts they use.
The annual report will include depreciation and other non cash items.
The $1 million figure is the pure cash loss which is expenses v income hence why they are running a term overdraft of $5million which is underwritten by the AFL like any club who seeks bank loans.
If I was a member there I would be concerned as there exoenses continue to grow hilts all sources of income are in decline and have been for the past 4yrs (with exception of gaming revenue which increased overall from 4yrs ago)
Poor management and large payouts impact this club and will continue to do so
They won't go broke the AFL can't and won't let it happen but they will be watching closely. |
Gee mister, you certainly are well informed for somebody that hangs around in the cross with people who enjoy the company of Lady-boys?
Dyso |
Dyso I resemble that remark. Maybe I shouldn't have used my last brain cell on auditing the carlscum finances.
On a positive note now I have 0 brain cells left I'm sure we can have more fun this year in the cross !!!
By the way did you ever pay that medical bill of $129,765.93 ? Don't know how much you can claim on Medicare for disease removal injections |
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jayaykay
Joined: 03 Nov 2010
Location: Hobart
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Didn't take long for one of these...bwahahahaha!! 
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True 'Pies fans will go to the ends of the Earth for their team!! |
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piedys
Heeeeeeere's Dyso!!!
Joined: 04 Sep 2003
Location: Resident Forum Psychopath since 2003
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| qldmagpie67 wrote: | | piedys wrote: |
Gee mister, you certainly are well informed for somebody that hangs around in the cross with people who enjoy the company of Lady-boys?
Dyso |
Dyso I resemble that remark. Maybe I shouldn't have used my last brain cell on auditing the carlscum finances.
On a positive note now I have 0 brain cells left I'm sure we can have more fun this year in the cross !!!
By the way did you ever pay that medical bill of $129,765.93 ?
Don't know how much you can claim on Medicare for disease removal injections |
Yes, I paid Dr.Edelsten $130,000.00 cash, and told him to keep the change, so shut up about it already. Geezuz.
He said he would put the receipt in the mail. But that was when, what, last September now? Australia Post are so unreliable sometimes.
And I haven't yet checked the 2016 calendar; when is our next trip to Sydney? Oh boy Oh boy Oh boy Oh boy Oh lady boy!!
Dyso
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M I L L A N E 4 2 forever |
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ronrat
Joined: 22 May 2006
Location: Thailand
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[quote="piedys"][quote="qldmagpie67"] | piedys wrote: |
Gee mister, you certainly are well informed for somebody that hangs around in the cross with people who enjoy the company of Lady-boys?
Yes, I paid Dr.Edelsten $130,000.00 cash, and told him to keep the change, so shut up about it already. Geezuz.
He said he would put the receipt in the mail. But that was when, what, last September now? Australia Post are so unreliable sometimes.
And I haven't yet checked the 2016 calendar; when is our next trip to Sydney? Oh boy Oh boy Oh boy Oh boy Oh lady boy!!
Dyso |
My mate always reckoned the Edelstein last squeeze was in fact Brian not Bryn. come to Thailand ,there are more ladyboys than the Arabs and a Saints supporting music guru can handle.
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Annoying opposition supporters since 1967. |
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piedys
Heeeeeeere's Dyso!!!
Joined: 04 Sep 2003
Location: Resident Forum Psychopath since 2003
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| ronrat wrote: | | My mate always reckoned the Edelstein last squeeze was in fact Brian not Bryn. come to Thailand ,there are more ladyboys than the Arabs and a Saints supporting music guru can handle. |
Wouldn't be surprised if the good doctor was a dollar-each-way bet...
And you wouldn't touch the lady-boys after Humdrum tagged them either.
Do yourself a favour!!
Dyso 
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M I L L A N E 4 2 forever |
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Piesnchess
piesnchess
Joined: 09 Jun 2008
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MY tip is that under new boy coach, laughing gas bolton, the bluescum will win a maximum of two games this entire season, and i am being dead serious, they may beat the bummers, but thats about it, gonna be another season from hell for these pricks and aint it grand. LOL
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Poverty exists not because we cannot feed the poor, but because we cannot satisfy the rich.
Chess and Vodka are born brothers. - Russian proverb. |
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piedys
Heeeeeeere's Dyso!!!
Joined: 04 Sep 2003
Location: Resident Forum Psychopath since 2003
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| Piesnchess wrote: | | MY tip is that under new boy coach, laughing gas bolton, the bluescum will win a maximum of two games this entire season, and i am being dead serious, they may beat the bummers, but thats about it, gonna be another season from hell for these pricks and aint it grand. LOL |
They have turned over, what, 27 players in two years?
They are a monty to keep the Dons company!
What round do you think Bolton will cry during the Presser by?
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M I L L A N E 4 2 forever |
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Piesnchess
piesnchess
Joined: 09 Jun 2008
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| piedys wrote: | | Piesnchess wrote: | | MY tip is that under new boy coach, laughing gas bolton, the bluescum will win a maximum of two games this entire season, and i am being dead serious, they may beat the bummers, but thats about it, gonna be another season from hell for these pricks and aint it grand. LOL |
They have turned over, what, 27 players in two years?
They are a monty to keep the Dons company!
What round do you think Bolton will cry during the Presser by? |
oooh, i give laughing gas, the guy who never played senior AFL, around round five, laughing hysterically, screaming "But, but, this never happened when i coached the hawk seniors for ten weeks, we always won and won and won, BWAAAAAAHHHHHH, SOB SOB, as they carry him away weeping uncontrollably.  
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Poverty exists not because we cannot feed the poor, but because we cannot satisfy the rich.
Chess and Vodka are born brothers. - Russian proverb. |
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think positive 
Side By Side
Joined: 30 Jun 2005
Location: somewhere
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Hahahahaahah
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You cant fix stupid, turns out you cant quarantine it either! |
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thebaldfacts
Joined: 02 Aug 2007
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Only a practice match, but got thrashed by the bombers today.
Maybe Carlton will go back to back for the spoon after all.
Maybe they really are that bad. |
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What'sinaname
Joined: 29 May 2010
Location: Living rent free
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Mick did a cracking job
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Fighting against the objectification of woman. |
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Piesnchess
piesnchess
Joined: 09 Jun 2008
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Laughing gas Bolton sure aint laughing now, must be wondering just what the hell he has walked into. LOL LOL
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Poverty exists not because we cannot feed the poor, but because we cannot satisfy the rich.
Chess and Vodka are born brothers. - Russian proverb. |
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