Rumour The St Kilda debt situation - no more tick

[KingsRansom]

We get bankrolled by the gov with the arden st precint, you just get rolled.

Can anyone on the North board or anywhere please provide me anything that says that North Melbourne FC are making money off the Arden Precint redevelopment. Please, just one thing...thats all I'm asking

 

[KingsRansom]

North is the owner of nothing .... nada

St Kilda is the owner of a state of the art recreational and administration facility worth over $30 million

Annnnndddd anyone with half a brain. This is called equity, where the property you own outweighs the debt you owe. This its why it's serviceable debt and no issues.
Something that has been mention to ad nauseam....except for in gutter journalism

 

[Chairman Zia]

North is the owner of nothing .... nada

St Kilda is the owner of a state of the art recreational and administration facility worth over $30 million

Ummm most afl facilities are 30 million, lol.

 

[Chairman Zia]

Annnnndddd anyone with half a brain. This is called equity, where the property you own outweighs the debt you owe. This its why it's serviceable debt and no issues.
Something that has been mention to ad nauseam....except for in gutter journalism

Yeah so if you got 14 million debt, we got zero.

Both our facilities are 30, we got more equity.

 

[StCicatriz]

okay, 14 million in debt.

oh wait, that's st kilda...

~400k in bank loans
~9 million in liabilities.

but sure, north have zero debt!

 

[StCicatriz]

Yeah so if you got 14 million debt, we got zero.

Both our facilities are 30, we got more equity.

you don't have zero. please show us in your annual report where you have zero liabilities.

 

[StCicatriz]

Yeah so if you got 14 million debt, we got zero.

Both our facilities are 30, we got more equity.

no they're not.

north Melbourne doesn't even have 20m in non-current assets mate! all up its around ~21 million.

 

[StCicatriz]

Ummm most afl facilities are 30 million, lol.

you have absolutely no idea. this is getting embarrassing for you.

 

[Kwality]

14 million debt mate, 0 debt.

We got the arden precint, what do you have? moorabin town hall, lmao.

What bit of the precinct does North own?

 

[jwikked]

Can anyone on the North board or anywhere please provide me anything that says that North Melbourne FC are making money off the Arden Precint redevelopment. Please, just one thing...thats all I'm asking

$6.50 cups of coffee, $6.25 per cup overhead. Once they pay the coffee cart off, it's all profit baby.

 

[jwikked]

14 million debt mate, 0 debt.

We got the arden precint, what do you have? moorabin town hall, lmao.

0 debt and nothing to show for it lol.

 

[StCicatriz]

0 debt and nothing to show for it lol.

North Melbourne is closer to tassie than this north poster is to the truth. Unbelievable levels of ignorance.

 

[Chairman Zia]

you don't have zero. please show us in your annual report where you have zero liabilities.

For you my dear. Fine, it's not 0 but 0.4 million. Alrite, got me there.

End of this year, probably 0.

New stadium deal, no longer losing money.

Access to state funding with arden precint development.

Population by 2050 would be around 11 million, the growth will be the size of WA, SA, Tas. More people, more members. North Melbourne is inner city, it has been under developed thus far but will be a population center in the coming decades.

So there is your doom and gloom.

 

[Chairman Zia]

North Melbourne is closer to tassie than this north poster is to the truth. Unbelievable levels of ignorance.

Moorabin is even closer to launceston than Arden st, if you know how to read a map.

The tassie deal will certainly help you reduce the afl redistribution package you get from afl to be on your own feet, 4 million was it, yes evenly balanced out.

Financially secure, really? A club that receives 20 million a year from Big Brother is secure? Of course.

 

[Chairman Zia]

0 debt and nothing to show for it lol.

Let's see, PF in 2007, 14, 15.

Saints: bad bounce in 2010....

 

[Kwality]

For you my dear. Fine, it's not 0 but 0.4 million. Alrite, got me there.

End of this year, probably 0.

New stadium deal, no longer losing money.

Access to state funding with arden precint development.

Population by 2050 would be around 11 million, the growth will be the size of WA, SA, Tas. More people, more members. North Melbourne is inner city, it has been under developed thus far but will be a population center in the coming decades.

So there is your doom and gloom.

View attachment 1207352

Try here:

https://resources.nmfc.com.au/aflc-nmfc/document/2020/12/04/d7188ee8-f2ba-4734-b6f3-a9b7d39a8cb4/NM_5204_2020_FinancialReport_LR.pdf

See the Balance Sheet.

 

[Sarcoidevo]

What bit of the precinct does North own?

And .................... crickets ........ chirp chirp ...... chirp chirp

 

[matthew_s]

some of you campaigners should know better, you reason argue with stupid.

 

[The_Wookie]

Yes but we own RSEA Park - a facility worth $30 miilion dollars (maybe more) which is ours

North are the owners of absolutely nothing except a brand new wooden spoon

Neither St Kilda, nor North own their grounds.

You dont own RSEA Park. Kingston Council does - despite Wikipedia and other sites evidently assuming otherwise. There was a 75 year lease which was renewed in 2016 for another 50 years. Under the lease agreement, St Kilda Football Club will be charged approximately $81,905 each year for the first decade and $123,905 per year commencing afterwards (indexed annually).

News

Want to know what is happening in Kingston? Find out how to subscribe to our newsletters or read our latest news to keep up with what is going on.

www.kingston.vic.gov.au

Norths lease at Arden Street was redone after 2003, not sure exactly when or for how long, but their oval is owned by the City of Melbourne (as is Princes Park and Punt Road Oval).

Other than the Hawks, every Melbourne AFL club facility is owned by councils or trusts.

Club	Facility	Ground	Owner
St Kilda	RSEA Park	Moorabin Oval	City of Kingston
Carlton	Ikon Park	Princes Park	City of Melbourne
Richmond	Swinbourne Centre	Punt Road Oval	City of Melbourne
Geelong	GMBHA Stadium	Kardinia Park	Kardinia Park Trust
Hawthorn	Ricoh Centre	Waverly Park	Hawthorn Football Club
North Melbourne	Aegis Park	Arden Street Oval	City of Melbourne
Essendon	Windy Hill	Essendon Recreation Reserve	City of Mooney Valley
Western Bulldogs	VU Whitten Oval	Western Oval	City of Maribyrnong
Collingwood	Holden Centre	Goshes Paddock	Melbourne & Olympic Parks Trust
Melbourne	Aami Park	MRS	Melbourne & Olympic Parks Trust

 

[Sarcoidevo]

No one likes a Hairy Killjoy

 

[StCicatriz]

For you my dear. Fine, it's not 0 but 0.4 million. Alrite, got me there.

End of this year, probably 0.

New stadium deal, no longer losing money.

Access to state funding with arden precint development.

Population by 2050 would be around 11 million, the growth will be the size of WA, SA, Tas. More people, more members. North Melbourne is inner city, it has been under developed thus far but will be a population center in the coming decades.

So there is your doom and gloom.

View attachment 1207352

that's a bank loan... which forms part of your liabilities, your total liabilities (which you use for the st kilda figure) is ~9 million. your assets are ~20 million.

your clubs net position is significantly worse than st kildas i.e. total assets - total liabilities.

then when you take a deeper dive in and look at revenue, membership etc. you are further behind.

that's why there's talk of north Melbourne relocating and not st kilda, because north have the slowest growth and have for sometime. keeping in mind i do not support relocating north melbourne.

 

[StCicatriz]

Moorabin is even closer to launceston than Arden st, if you know how to read a map.

The tassie deal will certainly help you reduce the afl redistribution package you get from afl to be on your own feet, 4 million was it, yes evenly balanced out.

Financially secure, really? A club that receives 20 million a year from Big Brother is secure? Of course.

not one club is financially secure. every single one of them relies on AFL coin.

if you took a second to read your clubs annual report you would understand this.

 

[StCicatriz]

Neither St Kilda, nor North own their grounds.

You dont own RSEA Park. Kingston Council does - despite Wikipedia and other sites evidently assuming otherwise. There was a 75 year lease which was renewed in 2016 for another 50 years. Under the lease agreement, St Kilda Football Club will be charged approximately $81,905 each year for the first decade and $123,905 per year commencing afterwards (indexed annually).

News

Want to know what is happening in Kingston? Find out how to subscribe to our newsletters or read our latest news to keep up with what is going on.

www.kingston.vic.gov.au

Norths lease at Arden Street was redone after 2003, not sure exactly when or for how long, but their oval is owned by the City of Melbourne (as is Princes Park and Punt Road Oval).

Other than the Hawks, every Melbourne AFL club facility is owned by councils or trusts.

Club	Facility	Ground	Owner
St Kilda	RSEA Park	Moorabin Oval	City of Kingston
Carlton	Ikon Park	Princes Park	City of Melbourne
Richmond	Swinbourne Centre	Punt Road Oval	City of Melbourne
Geelong	GMBHA Stadium	Kardinia Park	Kardinia Park Trust
Hawthorn	Ricoh Centre	Waverly Park	Hawthorn Football Club
North Melbourne	Aegis Park	Arden Street Oval	City of Melbourne
Essendon	Windy Hill	Essendon Recreation Reserve	City of Mooney Valley
Western Bulldogs	VU Whitten Oval	Western Oval	City of Maribyrnong
Collingwood	Holden Centre	Goshes Paddock	Melbourne & Olympic Parks Trust
Melbourne	Aami Park	MRS	Melbourne & Olympic Parks Trust

of course....

he's talking about the facility not the land.

 

[Kwality]

Neither St Kilda, nor North own their grounds.

of course....

he's talking about the facility not the land.

No clubs own the land (that I am aware of) they have facilities built on. That is not well understood by the general public.

 

[Kwality]

not one club is financially secure. every single one of them relies on AFL coin.

if you took a second to read your clubs annual report you would understand this.

The media dollars underwrite the AFL in its current form.