Rumour The St Kilda debt situation - no more tick

[Saints43]

Saints debt strategy on target: CEO

St Kilda’s AFL distribution for 2020 raised eyebrows when listed in the AFL Annual Report but their CEO says the figure is misleading until it’s broken down.

www.theage.com.au

"They were the most improved team in the competition last season as they finished fifth after winning their first final since 2010 with an exciting and dynamic list training at their base in Moorabbin, however they have a tough draw in 2021.

“We would expect to make a substantial profit which would allow us to pay down substantial debt because we expect that we are going to be north of 50,000 members for the very first time,” Finnis said."

Sounds like there's two ways to pay down debt. Constrict the business to match cashflow, or grow the cashflow to meet the business requirements.

Obviously Saints still need to keep getting things right, and the ability to have crowds in grounds is still an issue, but perhaps we'll need an update from SimpkinByTheDockOfTheBay on his original claim that " St Kilda are the side in the gun, not us. " The vote happening soon, mate?

 

[KingsRansom]

"They were the most improved team in the competition last season as they finished fifth after winning their first final since 2010 with an exciting and dynamic list training at their base in Moorabbin, however they have a tough draw in 2021.

“We would expect to make a substantial profit which would allow us to pay down substantial debt because we expect that we are going to be north of 50,000 members for the very first time,” Finnis said."

Sounds like there's two ways to pay down debt. Constrict the business to match cashflow, or grow the cashflow to meet the business requirements.

Obviously Saints still need to keep getting things right, and the ability to have crowds in grounds is still an issue, but perhaps we'll need an update from SimpkinByTheDockOfTheBay on his original claim that " St Kilda are the side in the gun, not us. " The vote happening soon, mate?

That $7 billion coffee cart will be their saviour according to him

 

[KingsRansom]

The Kangaroos once again had the smallest membership of the 10 Victorian clubs last season and already play multiple games each season in Tasmania. Their women’s team is officially the North Melbourne Tasmanian Kangaroos and also plays games in the state.

Already one foot in Tasmania, the Southern Roos is really gaining traction by the looks of it

 

[BF Tiger]

The Kangaroos once again had the smallest membership of the 10 Victorian clubs last season and already play multiple games each season in Tasmania. Their women’s team is officially the North Melbourne Tasmanian Kangaroos and also plays games in the state.

Already one foot in Tasmania, the Southern Roos is really gaining traction by the looks of it

 

[Pugz89]

Does anyone have a list of how much debt various clubs are in? I know Port are around the $12m mark, which isn’t too flash. I believe that this is mainly due to still repaying the AFL for buying the licence from the SANFL and effects of COVID.

you hear rumours that North Melbourne and Western Bulldogs arent too flush either, but you can never tell.

for the long term viability and growth of the game, there are probably too many clubs in Melbourne, but I would hate to see my club shut down or relocated.

Given we were one of only about half a dozen clubs who didn't need additional COVID assistance from the AFL, I think we are okay.

"The Dogs, who like Collingwood and Geelong have also sold their gaming interests, have one of the better balance sheets in the AFL."

Western Bulldogs among the six clubs to go it alone

In a remarkable turn of events, the Western Bulldogs will be one of at least six AFL clubs who draw on their own funds to survive, outside of player payments, during the game’s financial crisis.

www.google.com

 

[madmug]

I hope your team does get relocated to Tassie. Southern Saints has a ring to it

Southern Saints? a bit counter intuitive to 'Tassie Devils' I'd think.

 

[The Warlord]

Interesting that Finnis is out on media street trying to talk up St Kilda's shocking financial position just before the season starts.

Some very interesting bits in The Age yarn:

The Saints received $16.8 million through AFL distributions in 2020, placing them second behind only Gold Coast ($17.2 million) on the club distributions table in the recently released AFL Annual Report, which saw the Giants receive $15.9 million and the next Victorian club, the Western Bulldogs receive $13.9 million.

Jeeeeeeeeeeeeeeeeezus. They're getting more than the GIANTS! And significantly, several millions, more than the next Vic club. Unbelievable.

The figure raised eyebrows, however Saints CEO Matt Finnis said St Kilda’s figure was inflated compared to most other teams because they received more than $1 million from the league as part of revenue received from their signage deal with Marvel Stadium (which isn’t included for clubs based at the MCG or outside Victoria) and club support AFL memberships held by Saints supporters.

Yeah, but wouldn't North and the Dogs also have the same deal? So compared with the peer clubs, they're getting millions and millions more. Shocking, really shocking stuff.

The club also suspects it had received more payments from the AFL than other clubs before the league discontinued variable funding in April 2020.

???

What? Who does their accounts down there? They don't know?

Finnis admitted to being surprised when he saw their distribution in comparison to other clubs

My God. I would be at the gates of Linton Street right now if I were a Saints supporter reading this. He was SURPRISED?

The club had a debt of $13.8 million at the end of the financial year but is beginning to attack that debt, with Finnis saying they expected to make significant inroads into that figure by the end of the season

$14m in debt, getting higher distributions than the GIANTS and well above any other Melbourne club.

The only thing that is going to save the Saints here is an extended run of good form onfield including premierships/s, as saved North in the 90s and the Dogs in the '10s when those clubs were drowning in debt.

Given St Kilda have only ever won a single flag in their history, you wouldn't bet on it, but then the Dogs were in the same spot and they won/were equalised to a second premiership in 2016.

Saints debt strategy on target: CEO

St Kilda’s AFL distribution for 2020 raised eyebrows when listed in the AFL Annual Report but their CEO says the figure is misleading until it’s broken down.

www.theage.com.au

 

[KingsRansom]

The only thing that is going to save the Saints here is an extended run of good form onfield including premierships/s, as saved North in the 90s and the Dogs in the '10s when those clubs were

You have hit the nail on the head, look out for #freekickstkilda

Team in bayside with a brand spanking new health and community centre which will be running a lovely profit and an afl "funded" premiership or two. Compared to a team that consists of a coffee cart and 28 paid up members...most of which, will be in Tasmania.

I hear the spirit of Tasmania ride is lovely this time of year. Might be worth you jumping on it for the 10 Norf home games there

 

[StCicatriz]

Interesting that Finnis is out on media street trying to talk up St Kilda's shocking financial position just before the season starts.

Some very interesting bits in The Age yarn:



Jeeeeeeeeeeeeeeeeezus. They're getting more than the GIANTS! And significantly, several millions, more than the next Vic club. Unbelievable.



Yeah, but wouldn't North and the Dogs also have the same deal? So compared with the peer clubs, they're getting millions and millions more. Shocking, really shocking stuff.



???

What? Who does their accounts down there? They don't know?



My God. I would be at the gates of Linton Street right now if I were a Saints supporter reading this. He was SURPRISED?



$14m in debt, getting higher distributions than the GIANTS and well above any other Melbourne club.

The only thing that is going to save the Saints here is an extended run of good form onfield including premierships/s, as saved North in the 90s and the Dogs in the '10s when those clubs were

Given St Kilda have only ever won a single flag in their history, you wouldn't bet on it, but then the Dogs were in the same spot and they won/were equalised to a second premiership in 2016.

Saints debt strategy on target: CEO

St Kilda’s AFL distribution for 2020 raised eyebrows when listed in the AFL Annual Report but their CEO says the figure is misleading until it’s broken down.

www.theage.com.au

Care to break down that number. For example it includes AFL membership.

So if we have more AFL members than north Melbourne or course we will receive more money!!!

 

[Gunsyd]

Tasmania finally gets its team.
The Tassie Apples.

The Taints

 

[The Warlord]

Care to break down that number. For example it includes AFL membership.

So if we have more AFL members than north Melbourne or course we will receive more money!!!

Mate, there's millions and millions and millions of dollars in between what St Kilda and North get off the AFL, there's no spinning this one here.

 

[The Warlord]

The Taints

I fear without the right set up concessions they would just become perineum losers.

 

[Mara Singha]

Team in bayside with a brand spanking new health and community centre which will be running a lovely profit and an afl "funded" premiership or two.

Not sure what being bayside has to do with anything unless rich people have suddenly become generous.

 

[Buget]

Given we were one of only about half a dozen clubs who didn't need additional COVID assistance from the AFL, I think we are okay.

"The Dogs, who like Collingwood and Geelong have also sold their gaming interests, have one of the better balance sheets in the AFL."

Western Bulldogs among the six clubs to go it alone

In a remarkable turn of events, the Western Bulldogs will be one of at least six AFL clubs who draw on their own funds to survive, outside of player payments, during the game’s financial crisis.

www.google.com

That I was an interesting read. I knew that the Crows had borrowed money, but I was actually surprised that the Dogs have such strong financial position, that will be a benefit as clubs begin the post COVID arms race again. Winning that premiership and gaining a decent stadium deal does help, which the Dogs have work hard to achieve and Port Adelaide haven't gotten there (yet).

I don't normally pay much attention to the political or financial side of the game, because I much prefer to watch the actual football.

 

[#gosaintas]

Not sure what being bayside has to do with anything unless rich people have suddenly become generous.

I guess the sheer size of bayside in an oversupplied melb market is the upside. StKilda to Portsea is all StKilda's to grab if they get their act together. That's the opportunity for them.

 

[Mara Singha]

I guess the sheer size of bayside in an oversupplied melb market is the upside. StKilda to Portsea is all StKilda's to grab if they get their act together. That's the opportunity for them.

Is St Kilda moving games bayside?

 

[#gosaintas]

Is St Kilda moving games bayside?

Maybe one day we'll play the crappy clubs like Freo at Moorabbin. You never know I guess...

 

[Mara Singha]

Maybe one day we'll play the crappy clubs like Freo at Moorabbin. You never know I guess...

Long way to say "No"

 

[KingsRansom]

Not sure what being bayside has to do with anything unless rich people have suddenly become generous.

Much like the western suburbs with the dogs, Tullamarine area for bombers, south East Melbourne for hawks, demons with city, its a huge area and demographic. Tigers, Carlton, Collingwood are not bug areas, but are hugely profitable.

North melbourne consists of a tiny supporter base, in a tiny location that is being redeveloped for maximum population growth. There won't be an oval there in the next decade I wouldn't think.

You can talk about debt til the cows come home, but even if North aren't in debt, they aren't moving the wheels forward either. They will be bottom four this year and I would assume the next few as well.

Not a good sign for them, especially if Tasmania desperately want a team, but the AFL don't want to expand to more teams. Saints are on the up at the right time it seems, that and our assets and demographic has them out of the danger zone. Plus the fairytale of a second flag helps as well.

Unfortunately, North have no numbers, no area and no assets, therefore would piss off alot less people if they moved.

 

[StCicatriz]

Mate, there's millions and millions and millions of dollars in between what St Kilda and North get off the AFL, there's no spinning this one here.

There's also a huge difference between the support of both clubs

 

[BF Tiger]

If only St Kilda had the “white knights” N0rth had... wait, what?

 

[Taylor]

If only St Kilda had the “white knights” N0rth had... wait, what?

The St Kilda supporters just need to get financial.

It was a few years ago but I remember noticing the membership take difference between St Kilda and Freo having seven or eight zeros.

That means they have huge room for growth in memberships, gate takings, merch etc.

 

[KingsRansom]

The St Kilda supporters just need to get financial.

It was a few years ago but I remember noticing the membership take difference between St Kilda and Freo having seven or eight zeros.

That means they have huge room for growth in memberships, gate takings, merch etc.

Think it's finally happening

 

[woopy doo]

Move Melbourne to Tassie. Low supporter base, been shite for years. Change the navy blue to dark Green. Tassie Demons.
Everybody wins

 

[KingsRansom]

Move Melbourne to Tassie. Low supporter base, been sh*te for years. Change the navy blue to dark Green. Tassie Demons.
Everybody wins

Already have a penchant for cheese and truffles as well