Rumour The St Kilda debt situation - no more tick

[WillHayward]

Would not be budging on the 12 and 11.

Isn't there only 22 games?

 

[The_Wookie]

some don't even own the facilities i.e. compare st kilda to freo.

one has a 30+ million dollar asset, the other has nothing.

Fremantle might not agree

Buildings on leasehold land – at fair value 16,118,429

 

[EconomicDecline]

Far out. Someone get the pissing match over and make a poll to pick which club if any is most likely to move to Tas

 

[hansie]

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

Both our facilities are 30, we got more equity.

Clearly this bloke is using Kim duthie’s weevil logistics here…


Sent from my iPhone using BigFooty.com

 

[Chairman Zia]

Clearly this bloke is using Kim duthie’s weevil logistics here…


Sent from my iPhone using BigFooty.com

Who's kim duthie, oh that schoolgirl who ran rings around a premiership contending side...

Hey, if you put her in your current midfield, could probably take deeper into the finals.

 

[Engimal v3]

Far out. Someone get the pissing match over and make a poll to pick which club if any is most likely to move to Tas

St Kilda imo

 

[EconomicDecline]

St Kilda imo

Cool. Norf in mine.

 

[Engimal v3]

Cool. Norf in mine.

Nah

 

[KingsRansom]

Who's kim duthie, oh that schoolgirl who ran rings around a premiership contending side...

Hey, if you put her in your current midfield, could probably take deeper into the finals.

Speaking of....what is Kelli Stevens upto these days?

 

[Engimal v3]

Speaking of....what is Kelli Stevens upto these days?

Do you mind melting over PM instead? It's getting a bit hard to read the thread

 

[Chairman Zia]

Speaking of....what is Kelli Stevens upto these days?

happily raising kids, how rod buttress these days.

 

[KingsRansom]

happily raising kids, how rod buttress these days.

Anthony's or Wayne's?

Not sure, probably railing lines and complaining about Grant Thomas no doubt

 

[Shadow89]

yes light year apart, you are stuck in the middle, we are building up, yes light years apart.

This time next year, we will be above you as you continue to flounder in the 12th spot.

Been hearing this for a decade. We've never finished below 12th in AFL history.

How are we stuck in the middle? We're Top 2 and playing off in a finals series again...whilst you use a wooden spoon to stir your nonsense.

There's some delusional North supporters, but you definitely take the cake. Must be tough being so irrelevant. Kelly...Gaff...De Goey...Martin...no matter how much money you throw at players, no-one wants to go there.

You're not even interesting enough or bright enough to spar with, so I'm just gonna ignore you.

Enjoy your delusions

 

[StCicatriz]

On what planet does this post below somehow be considered as "correctly written", whatever that is in your case?




I asked you which club doesn't have assets, your words.



Who's "they" as I asked, which club doesn't have assets?



Did you mean to say; "they just down don't own the facility they are in" (poorly written as it is).



Hmm, so your club building on council-owned land is counted is consider as an asset, but other clubs.......? ( I think that's what you're trying to poorly write)?

christ almighty. dig up.

 

[StCicatriz]

Fremantle might not agree

Buildings on leasehold land – at fair value 16,118,429

is that from the original Fremantle oval facilities or the new facilities at cockburn... the cockburn facility was a 100m build... it hasn't depreciated anywhere near that.

unless they only own a very small portion of the building?

 

[StCicatriz]

It could be - Its called a ground lease. And its generally used by most councils where facilities are built on vacant land and occupied over a long term. It may not be applicable to every club.

North Melbournes own Annual report notes they are a tenant. I believe their lease conditions changed in 2003-2004, and then again in 2013.



ref:

• https://www.melbourne.vic.gov.au/ab...temAttachments/300/4822/FCSaG_57_20030909.pdf
• https://www.melbourne.vic.gov.au/ab...MeetingAgendaItemAttachments/564/9645/5.4.pdf
• https://resources.nmfc.com.au/aflc-...7d39a8cb4/NM_5204_2020_FinancialReport_LR.pdf

St Kilda got a substantial decrease - 84% - in building rent as a reward for moving back to Moorabin, which as far as Im aware tells us that the lease changed with the move back and coupled with the councils new power to force the Saints to maintain the buildings on site (something they evidently didnt have previously), may mean this has moved from a ground lease, to the more usual kind.

For their part, the Saints note in their annual report that



The sum value of these assets is just over 2.3m

ref:

• https://resources.saints.com.au/afl...ootball-Club-2020-web-version-22-Dec-2020.pdf

FYI that 2.3m does not include the actual facilities at moorabbin. its explained here:


there's another 30m in assets counted for at cost with depreciation. this will be the building that have been built. there are more stages to come online.

 

[Ray Jay Johnson]

Been hearing this for a decade. We've never finished below 12th in AFL history.

How are we stuck in the middle? We're Top 2 and playing off in a finals series again...whilst you use a wooden spoon to stir your nonsense.

There's some delusional North supporters, but you definitely take the cake. Must be tough being so irrelevant. Kelly...Gaff...De Goey...Martin...no matter how much money you throw at players, no-one wants to go there.

You're not even interesting enough or bright enough to spar with, so I'm just gonna ignore you.

Enjoy your delusions

He seems to think that everyone who comments on one of his posts is a st Kilda supporter, hence the constant references to 12th place and brad hill, even when responding to Melbourne or geelong fans. It’s a bizarre last 10 pages to read!

 

[Percel]

How the F^%& does the Chairman still get a gig on here

 

[KingsRansom]

How the F^%& does the Chairman still get a gig on here

What's happened to snake baker? Haven't seen him on our board for ages???

 

[Kwality]

is that from the original Fremantle oval facilities or the new facilities at cockburn... the cockburn facility was a 100m build... it hasn't depreciated anywhere near that.

unless they only own a very small portion of the building?

How much of that $100mil you refer to was funded by Freo? Its your claim, back it up.

 

[matthew_s]

Is there anything better than dickheads arguing on the internet about who's football club has more debt?

really makes you want to get around the boys.

 

[LoungeLizard]

Is there anything better than dickheads arguing on the internet about who's football club has more debt?

really makes you want to get around the boys.

I feel sorry for clubs like WC and Collingwood, because apparently debt is where we need to be, debt = good, no debt = bad

 

[Atomboy]

Who's kim duthie, oh that schoolgirl who ran rings around a premiership contending side...

Hey, if you put her in your current midfield, could probably take deeper into the finals.

Perhaps North can invest in Kim’s crypto and/or Lotto ventures ?.

You deserve it babes xx.

 

[Mat Mann]

Perhaps North can invest in Kim’s crypto and/or Lotto ventures ?.

You deserve it babes xx.

Weavil logistics, that's the future.

 

[StCicatriz]

How much of that $100mil you refer to was funded by Freo? Its your claim, back it up.

according to this, its a 109 million facility:

Dockers ask for millions from City of Fremantle before move to Cockburn

The Fremantle Dockers are playing hardball over their long-awaited move to Cockburn, asking the City of Fremantle to pay them millions to vacate premises at Fremantle Oval - despite the fact the council never wanted them to leave in the first place.

www.theage.com.au

according to this they didn't contribute much at all:

NEWS – Dockers’ facility to set new AFL benchmark

asf.org.au

Fremantle Dockers Foundation, in association with the ASF, to raise funds for the club’s new headquarters.

The City of Cockburn is contributing $72.8 million to the facility, which will also be a community aquatic and recreational centre. A further $22.4 million has been committed in Government grants, $1m by Curtin University and the remainder will be generated by the club.

109 - 72.8 - 22.4 - 1 = 12.8 million