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Jezza
2023 PREMIERS!
Joined: 06 Sep 2010 Location: Ponsford End
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Post subject: 2017 Financial Result | |
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http://www.collingwoodfc.com.au/news/2017-11-24/magpies-confirm-2017-financial-result-
Quote: | The Collingwood Football Club today announced an EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) result of $1,656,235 (2016 – 1,694,221) for the financial year ending October 31, 2017.
Total club revenue of $77,736,469 (2016 - $71,475,457)
- EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) of $1,656,235 (2016 - $1,694,221)
- Net Loss of $2,732,624 (2016 – Loss of 2,622,623)
- Membership figure of 75,985 (2016 - 74,819 members)
- Collingwood’s net asset position is $32,578,418
- Home and Away AFL attendance for the year broke the one million mark (1,003,991) |
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Last edited by Jezza on Thu Nov 29, 2018 10:06 pm; edited 2 times in total |
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inxs88
Joined: 17 Aug 2014
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Post subject: Re: 2017 Financial Result | |
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Jezza wrote: | http://www.collingwoodfc.com.au/news/2017-11-24/magpies-confirm-2017-financial-result-
Quote: | The Collingwood Football Club today announced an EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) result of $1,656,235 (2016 – 1,694,221) for the financial year ending October 31, 2017.
The result was a reflection of unwavering membership support, with our membership tally increasing to 75,985 (2016 – 74,819). |
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Pert's departure makes even more sense. How with 76,000 members, an iconic merchandising brand, an MCG presence and free to air TV access, how our club can't net 20 cents in the dollar (20%) which equates to $2,000,000 per annum is staggering. _________________ I love the Pies, hate Carlscum |
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K
Joined: 09 Sep 2011
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Who actually is (are) the one(s) most responsible for an organization's financial result? The CEO? The CFO?? The GMF??? |
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Joel
Joined: 23 Mar 1999 Location: Mornington Peninsula
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Abysmal. Absolutely terrible. Two years in a row. |
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Geek
geek
Joined: 06 Apr 2006 Location: Jacana
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Hey, with us losing so much money these days, can we go to the AFL for a handout? |
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ronrat
Joined: 22 May 2006 Location: Thailand
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While you bloody idiots start blaming everyone including Pert for not making enough money get a clue. I mean a real one. I mean why don't you blame Nathan Buckley as well.
If you want a womens ream, a netball team. and even a basketball team plus a VFL team how the hell are they meant to make mega bucks. On top of that not making finals cost the bottom line plus a poor attendance (by our standards) . Give yourselves an uppercut.
Overall a fair result. _________________ Annoying opposition supporters since 1967. |
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Culprit
Joined: 06 Feb 2003 Location: Port Melbourne
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If the Club was listed on the ASX there would be an investigation, the shareholders will be smashing in doors and demanding answers. We are not, we are a Professional Football team that has gone through some shit years.
The reality is people do not go and watch losers. Crowds have been dropping year after year with the lack of success. Winners are grinners and one only needs to look at the Premiers. Forget all the rhetoric coming out of the club, we simply need to perform on and off the field. It has to happen this year and yes the AFL can give us our money back under the equalisation funding. |
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RudeBoy
Joined: 28 Nov 2005
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Culprit wrote: | If the Club was listed on the ASX there would be an investigation, the shareholders will be smashing in doors and demanding answers. We are not, we are a Professional Football team that has gone through some shit years.
The reality is people do not go and watch losers. Crowds have been dropping year after year with the lack of success. Winners are grinners and one only needs to look at the Premiers. Forget all the rhetoric coming out of the club, we simply need to perform on and off the field. It has to happen this year and yes the AFL can give us our money back under the equalisation funding. |
The club's purpose is not to make profits, but to provide the best resources, support and opportunities for our football team to be successful. |
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Culprit
Joined: 06 Feb 2003 Location: Port Melbourne
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Correct RB, in that I suggest they have failed. I expect a massive turnaround next year though. |
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Adam Treloar 3 Votes
Joined: 09 May 2017
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We lost money by design. Rather than hand over our profits to the AFL we have instead spent it on upgrading our facilities and then booking the depreciation as a loss. It is not a real loss, it is clever accounting. _________________ People forget that our last premiership was only 2010 and rebuilds take some time. 2018 we play finals again. |
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Duff Soviet Union
Joined: 17 Aug 2010
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Adam Treloar 3 Votes wrote: | We lost money by design. Rather than hand over our profits to the AFL we have instead spent it on upgrading our facilities and then booking the depreciation as a loss. It is not a real loss, it is clever accounting. |
I was about to say, we actually made a decent profit before depreciation. This isn't a big deal. _________________ "We ain't gotta dream no more" |
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piedys
Heeeeeeere's Dyso!!!
Joined: 04 Sep 2003 Location: Resident Forum Psychopath since 2003
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Joel wrote: | Abysmal. Absolutely terrible. Two years in a row. |
BACK TO BACK!! Yeah baby!
ronrat wrote: | If you want a womens ream, a netball team. and even a basketball team plus a VFL team how the hell are they meant to make mega bucks. On top of that not making finals cost the bottom line plus a poor attendance (by our standards) . Give yourselves an uppercut.
Overall a fair result. |
But why the f&ck should the club carry that $$$ loss, if indeed incurred by these fledgling off-shoot teams?
Shouldn't this bullshit be under-written by the AFL to wear the debt?
Or is this some perverse tax-dodge/write-off engineered by our brain surgeons? _________________ M I L L A N E 4 2 forever |
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MJ23
Joined: 28 Feb 2011 Location: Sydney
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Duff Soviet Union wrote: | Adam Treloar 3 Votes wrote: | We lost money by design. Rather than hand over our profits to the AFL we have instead spent it on upgrading our facilities and then booking the depreciation as a loss. It is not a real loss, it is clever accounting. |
I was about to say, we actually made a decent profit before depreciation. This isn't a big deal. |
Exactly. Gets tiring social media sometimes when a blunt headline - created for this exact reason - sucks in the ignorant. _________________ "Even when Im old and gray, I wont be able to play but Ill still love the game"
Michael Jordan |
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Joel
Joined: 23 Mar 1999 Location: Mornington Peninsula
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Culprit wrote: | If the Club was listed on the ASX there would be an investigation, the shareholders will be smashing in doors and demanding answers. We are not, we are a Professional Football team that has gone through some shit years.
The reality is people do not go and watch losers. Crowds have been dropping year after year with the lack of success. Winners are grinners and one only needs to look at the Premiers. Forget all the rhetoric coming out of the club, we simply need to perform on and off the field. It has to happen this year and yes the AFL can give us our money back under the equalisation funding. |
We aren't losing money because of crowds. |
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piedys
Heeeeeeere's Dyso!!!
Joined: 04 Sep 2003 Location: Resident Forum Psychopath since 2003
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MJ23 wrote: | Duff Soviet Union wrote: | Adam Treloar 3 Votes wrote: | We lost money by design. Rather than hand over our profits to the AFL we have instead spent it on upgrading our facilities and then booking the depreciation as a loss. It is not a real loss, it is clever accounting. |
I was about to say, we actually made a decent profit before depreciation. This isn't a big deal. |
Exactly. Gets tiring social media sometimes when a blunt headline - created for this exact reason - sucks in the ignorant. |
And all the financials above are stated for fact or public record in the AGM reports, to validate your opinions? _________________ M I L L A N E 4 2 forever |
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