Hey Kochie

[Bunk Moreland]

http://www.essendonfc.com.au/news/2014-11-19/essendon-records-profit

$750k settlement with the Weapon

+

Full footy dept

+

$1m for the golden boy to tour the French Riviera

+

$2m in AFL fines

+

Legal bills getting toward 8 figures

+

$1.8m reduction in debt

-

Bay covers

=

Profit

Give Mr Little a call, I'm sure he'll talk you through the basics. He might even do a guest spot on Kochie's Business Builders.

 

[JoseMourinho]

Betting on the Lotto and winning is not a sound investment strategy.

 

[Retired Jimmy]

 

[Bunk Moreland]

View attachment 93317

You forgot Not Gwilty

 

[Starburns_]

Fortunate for you that Essendon's previous administrations implemented such an excellent deal at Etihad, it appears to have literally been idiot proof.

 

[Bernie L]

Thread has potential..

 

[JoseMourinho]

Thread has potential..

Unlike Port Adelaide's Financial Outlook.

 

[Retired Jimmy]

You forgot Not Gwilty

Will still struggle to get a game

 

[Bunk Moreland]

Fortunate for you that Essendon's previous administrations implemented such an excellent deal at Etihad, it appears to have literally been idiot proof.

Collo helped us out there, good man.

Unfortunately he left nothing left for the Bloos, but thems the breaks

 

[Bunk Moreland]

Also Kochie, take out depreciation (look it up, it's what happens when the bay covers fade) and amortisation (generally associated with goodwill / brand, though your club is only 15 years old so prob doesn't have that yet), cold hard cash was around $4m in surplus.

plittle@essendonfc.com.au

The coffees and bikkies are on us, we're all for equalisation.

 

[dav3]

Clearly there's plenty of money in the drug game

 

[Gray Day]

 

[Bunk Moreland]

Clearly there's plenty of money in the drug game

Yet as the the proud owner of two players currently under infraction, you'd think some of it would've spilt your way too?

 

[royals1922]

Shame a hardy bunch of pensioners in a humble bowls club could cruel the bombers so badly

 

[Hawkk]

Only $61.3m in revenue?

 

[Gray Day]

Yet as the the proud owner of two players currently under infraction, you'd think some of it would've spilt your way too?

Better than being the proud owner of just two (2) players currently not under infraction.

Oh there they are, but you're 20 players short, better get drafting

 

[Bodicifer]

http://www.essendonfc.com.au/news/2014-11-19/essendon-records-profit

$750k settlement with the Weapon

+

Full footy dept

+

$1m for the golden boy to tour the French Riviera

+

$2m in AFL fines

+

Legal bills getting toward 8 figures

+

$1.8m reduction in debt

-

Bay covers

=

Profit

Give Mr Little a call, I'm sure he'll talk you through the basics. He might even do a guest spot on Kochie's Business Builders.

P+L's are historical...next year's should be hysterical !

 

[RonSon]

http://www.essendonfc.com.au/news/2014-11-19/essendon-records-profit

$750k settlement with the Weapon

+

Full footy dept

+

$1m for the golden boy to tour the French Riviera

+

$2m in AFL fines

+

Legal bills getting toward 8 figures

+

$1.8m reduction in debt

-

Bay covers

=

Profit

Give Mr Little a call, I'm sure he'll talk you through the basics. He might even do a guest spot on Kochie's Business Builders.

You made a profit, we made a prelim.

I know what I'd prefer.



Maybe you can get Essendones financials framed and put up on the wall to admire when you'll be playing 32 top up VFL players in the big time next year?


prelim > profit.

 

[Bunk Moreland]

Only $61.3m in revenue?

All without relocating or merging with Melbourne.

 

[Rankin_1925]

Also Kochie, take out depreciation (look it up, it's what happens when the bay covers fade) and amortisation (generally associated with goodwill / brand, though your club is only 15 years old so prob doesn't have that yet), cold hard cash was around $4m in surplus.

EBITDA is not cold, hard cash. It's a nebulous financial term, quite often used by those wanting to mislead others about the true cash generating potential of their business. You may want to take a closer look at the accounts. If you do, you may come to the conclusion - although I'm not holding my breath - that the club actually burnt through $346.82K of cash. In other words, there was actually a cash loss, not a cash surplus and the net debt level actually increased from 2013 to 2014. Seems they serve Kool Aid on and off the field at Tulla.

 

[Hawkk]

All without relocating or merging with Melbourne.

Maybe so but that's $7m less than Hawthorn and $13m less than Collingwood

I thought you were a big club or something

 

[Bunk Moreland]

EBITDA is not cold, hard cash. It's a nebulous financial term, quite often used by those wanting to mislead others about the true cash generating potential of their business. You may want to take a closer look at the accounts. If you do, you may come to the conclusion - although I'm not holding my breath - that the club actually burnt through $346.82K of cash. In other words, there was actually a cash loss, not a cash surplus and the net debt level actually increased from 2013 to 2014. Seems they serve Kool Aid on and off the field at Tulla.

You're getting lost in the detail son.

Take a step back, we have much to teach our Alberton brothers and are here to help.

 

[Beats28772]

Hey Little......

 

[xflamedancer]

Take a step back, we have much to teach our Alberton brothers and are here to help.

saying no to drugs was the best lesson we learnt

 

[AJJPAFC]

http://www.essendonfc.com.au/news/2014-11-19/essendon-records-profit

$750k settlement with the Weapon

+

Full footy dept

+

$1m for the golden boy to tour the French Riviera

+

$2m in AFL fines

+

Legal bills getting toward 8 figures

+

$1.8m reduction in debt

-

Bay covers

=

Profit

Give Mr Little a call, I'm sure he'll talk you through the basics. He might even do a guest spot on Kochie's Business Builders.

- Ryders salary. Yay for savings.