Our Debt a year ago was over $12Mill.....

[ListManager]

.....it is now $10.3Mill.

Material Uncertainty Related to Going Concern
We draw attention to Note 1(b) in the financial statements, which indicates that, as at 31 October 2018, the Group’s current
liabilities exceeded its current assets by $10,287,306. As stated in Note 1(b), these events or conditions, along with other
matters as set forth in Note 1(b), indicate that a material uncertainty exists that may cast significant doubt on the Group’s
ability to continue as a going concern. Our opinion is not modified in respect of this matter.

[ausfatcat]

May not be a as good as it sounds, it may be pre payments from the afl, council or state gov for payments for the redevelopment.

[DJ Higgins]

so we have potentially knocked 10% off our debt in a year. That is great, steps in the right direction. It took a while to build up that debt so it will take a while to pay off

[BackFromUSA]

Actually the most significant financial figure is that we made a trading profit of around $200,000 despite a massive drop in attendance figures.

If our attendance figures were equal to our previous years then the figure would have been significantly more given our new stadium deal. Conversely if we had operated under the old stadium deal we would have had a million dollar or more loss.

It shows how important the stadium deal was to accumulating our debt and now how important the new deal is in working it off.

Buy memberships and bring opposition paying guests to the game and under the new deal we shall be out of debt in 5-7 years.

[saintbrat]

The annual report for your perusal

AGM Tuesday 18th Dec at RSEA park

https://s.afl.com.au/staticfile/AFL%20T ... t-2018.pdf

http://www.saints.com.au/news/2018-11-2 ... -reporting

[skeptic]

I’m tempted to go this year... depending on work

Anyone have any good questions worth asking?

[rodgerfox]

If you go, can you please ask Richo if he minds being called Cho on here?

Thanks.

[Moods]

If you go, can you please ask Richo if he minds being called Cho on here?

Thanks.

[saynta]

If you go, can you please ask Richo if he minds being called Cho on here?

Thanks.

Not in the least bit funny mate.

[chico2001]

I believe Carlton cleared their debt in record time as did another club with about $10 million in debt. Not sure how they did it though.

[saint-stu]

Our new elite facility is getting extended and debt is going down. Sounds pretty good to me. Hopefully the onfield turns around next year.

[tedtheodorelogan2018]

Like. Club is turning the corner with this stuff.

[saintspremiers]

The annual report for your perusal

AGM Tuesday 18th Dec at RSEA park

https://s.afl.com.au/staticfile/AFL%20T ... t-2018.pdf

http://www.saints.com.au/news/2018-11-2 ... -reporting

Cool. AGM at our home. That’s a first!

We’ve never had good enough facilities to host an AGM

[sunsaint]

The annual report for your perusal

AGM Tuesday 18th Dec at RSEA park

https://s.afl.com.au/staticfile/AFL%20T ... t-2018.pdf

http://www.saints.com.au/news/2018-11-2 ... -reporting

Cool. AGM at our home. That’s a first!

We’ve never had good enough facilities to host an AGM

was it open to public?
if so what is the capacity?

[saynta]

I believe Carlton cleared their debt in record time as did another club with about $10 million in debt. Not sure how they did it though.

They have a squillion poker machines.

[bigred]

Need to be a member to attend.

If we had of had even average attendances this year we probably could have taken off 1-2M more.

On field counts for a lot. Another year like 2017 and we are cactus.

[chico2001]

Need to be a member to attend.

If we had of had even average attendances this year we probably could have taken off 1-2M more.

On field counts for a lot. Another year like 2017 and we are cactus.

Did you mean 2018 red? You have got me confused now...….

[ausfatcat]

I am probably a bit different but I look at the directors attendance to see how committed they generally are very high attendance rate except for one

Liz Dawson only attended two meetings the next lowest was 7 out of 9, time for a new director.


6 mil increase in revenue (mainly from non football) is - good (probably grant money thou)

membership returns only slightly up - bad considering a better Etihad deal

14 mil in equity and 35 mil in assets - very very good largest it has ever been


Material Uncertainty Related to Going Concern
We draw attention to Note 1(b) in the financial statements, which indicates that, as at 31 October 2018, the Group’s current
liabilities exceeded its current assets by $10,287,306.

I don't think it has ever been anything else note 1(b) is not included in the report

[bobmurray]

If you go, can you please ask Richo if he minds being called Cho on here?

Thanks.

Not in the least bit funny mate.

I thought it was hilarious.

[Sainternist]

According to a Herald-Scum article today, our debt is currently over $12 million.

Here's a fun fact for you: The German word for "debt" is "Schuld" which is also the same word for "guilt".

[older saint]

These numbers are significantly bad and don't look like getting better. The additional investment in the football department , in fairness will take a few years to determine the value of, as well as the investment in the womens program , are areas of increased spending during a period of reducing revenue.

We are destined to be at the call and beckon of the AFL while they continue to fund the clubs existence, so things such as China, Cairns, Darwin, and anywhere else they want to grow the game will probably involve StKilda.

Increased revenue is required to turn this around, however that requires increased performance on field. Reducing crowd numbers, reducing memberships,, no Friday night games , likely to mean sponsors cough up less . This is a serious issue which comments like "we now have a great facility which will make us a destinations club" will not wall paper over the cracks. WINS and Finals are what makes clubs a destination club for top line players - Facilities and location will help split clubs if the previous are ticked by both.

On field I am far from confident about moving up the ladder next year from 16th, if that if true it will only make the financials look worse.

[saintbrat]

Iknow we have gov funding into RSEA park
but when do we get our " donation" from the Government-

The Dogs announced an amazing profit of $18.094 million this week, aided by the valuing of a parcel of land handed to the club by the state government in the precinct.

https://www.heraldsun.com.au/sport/afl/ ... 16b426e158

and Pies had operating profit less than the saints

The Pies turned around 2017’s net operating loss of $2,732,624 to record an official net operating profit of $112,052.

[ausfatcat]

These numbers are significantly bad and don't look like getting better. The additional investment in the football department , in fairness will take a few years to determine the value of, as well as the investment in the womens program , are areas of increased spending during a period of reducing revenue.

The club has more assets than debt's for the first time since I have been looking at the annual reports (15 years) that's a good thing

We are destined to be at the call and beckon of the AFL while they continue to fund the clubs existence, so things such as China, Cairns, Darwin, and anywhere else they want to grow the game will probably involve StKilda.

Yep as are 15 other clubs really only 2 or 3 that aint in a similar position

quote="older saint" post_id=1769460 time=1543477504 user_id=11405]Increased revenue is required to turn this around, however that requires increased performance on field. Reducing crowd numbers, reducing memberships,, no Friday night games , likely to mean sponsors cough up less . This is a serious issue which comments like "we now have a great facility which will make us a destinations club" will not wall paper over the cracks. WINS and Finals are what makes clubs a destination club for top line players - Facilities and location will help split clubs if the previous are ticked by both. [/quote]

Agree but we also need non-football revenue to increase as well to match other clubs and not rely on just on field performance, not playing Friday night games will hurt a lot

[outside66]

I reckon the Social Club at Moorabbin was rolled out horribly and completely missed an opportunity to generate money this year and particularly, over summer.

It currently is just a shiny pokie den with no restaurant (cafe is horrible and you can get better quality food at the Shell down the road). Also, there was zero effort put in by the club to make money for interstate games i.e. BBQ, sell merch, have non-playing players present, put something on for the kids etc.

What should've been done;

I'd approach it as 'bringing Acland Street to Moorabbin' by doing the following;

- Make it a lively place that locals want to go to as the only nearby bar/pub is the Sandbelt which is awful.
- Have good food (A full commercial kitchen is not even being used), get involved with some local brewhouses (2 Brothers in Moorabbin comes to mine) for the craft beer scene
- Tap into our bayside-peninsula heartland wine regions
- Have good music where people can have a boogie on a Fri/Sat night, offer the space to local community groups during the day (elderly and disabled activity groups)
get the Sunday sessions happening
- Plan for a bigger picture music festival (Sandringham are currently applying to do one)
- Make it known publicly as to when the Saints train. There is no such thing as a 'closed' session as they are in a public space therefore encourage Sainters to get down to training.

Basically do things that locals want to come spend their money at St Kilda FC irrespective of whether they follow the Saints or not. That IMO is where the Saints could really get back to being relevant and a true community group. Rather than sitting their with our hand out and 'making' money at the expense of problem gamblers whilst doing nothing positive.

[Enrico_Misso]

Totally agree outside66.

I remember in the 80s/90s on a Thursday night you could watch training and there would be the announcement of the team as well as the meat tray spin the wheel raffle.

When the Bistro was running on a Thursday you could get a decent cheap meal and there would be a MC (like Beva) who would interview players to give them media experience, some Q and A, a trivia comp by table, and an interview with a past player.
It was good fun, the place was well populated and the bar did a good trade.

At least we are back at Moorabbin.
But unless feeding money into a pokie machine presses you buttons, there is nothing to lure people there apart from just watching training.