HappyGuus
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Big bot bump!
Fun to read though. What's happening with Victory's new training base that FVS were going on about?
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adamjones
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Melbourne Victory’s move to challenge FFA for the title of Australia's most valuable soccer business is an exciting development for the sport! As we see significant shifts and competition in the sports sector, it’s crucial for fans and stakeholders to stay informed and ensure their engagements are transparent and fair. Speaking of transparency, if anyone has experienced issues with ticket sales or services, you might want to check out https://help-center.pissedconsumer.com/ticketmaster-scams/ to stay informed about common problems and how to address them. Let’s hope Melbourne Victory’s challenge leads to better experiences for everyone involved in the beautiful game
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Volrath2002
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+x+xLol @ this article. Who cares is the simple response. It is a good sign that an A-League club is gaining valuable assets as it means it is investing in one aspect of itself. The FFA have other goals and priorities where it spends its limited resources and as such I would not be surprised to see the big A-league clubs overtake it as far as assets are concerned in the future. What if the FFA was to own training facilities stadiums etc. ? yeah they could in the future, i.e. a national stadium and training facility, but at the moment they money goes to a lot of non-asset related expenses which are more of a priority.
Canberra United - Member KSV Hessen Kassel - Supporter Lewes FC - Owner
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lukerobinho
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+xLol @ this article. Who cares is the simple response. It is a good sign that an A-League club is gaining valuable assets as it means it is investing in one aspect of itself. The FFA have other goals and priorities where it spends its limited resources and as such I would not be surprised to see the big A-league clubs overtake it as far as assets are concerned in the future. What if the FFA was to own training facilities stadiums etc. ?
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Volrath2002
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Lol @ this article. Who cares is the simple response. It is a good sign that an A-League club is gaining valuable assets as it means it is investing in one aspect of itself. The FFA have other goals and priorities where it spends its limited resources and as such I would not be surprised to see the big A-league clubs overtake it as far as assets are concerned in the future.
Canberra United - Member KSV Hessen Kassel - Supporter Lewes FC - Owner
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Bullion
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+x+xFinancial documents obtained by The New Daily show that the Victory posted a net profit of $369,267 last year – down $1.1 million on the 2015 bottom line of $1.5 million. . . . However, the underperformance of struggling A-League clubs has come at a cost to FFA after it was forced to extend financial support to several sides throughout the 2016 financial year. How many is 'Several' ? and who are they ? Not the 'Nix
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paladisious
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+x+x+x+xIts interesting the most successfully financial franchise only makes under $400k profit, god help the rest of them then, imagine what they would all do if the FFA wasn't stealing their income for "redistribution" ? 5 million is assets and a 400k profit. That's amazing for an Aus sokkah club that's only been going ten years. FFS, half the AFL clubs lose money, that's which much bigger crowds and member numbers. Surely revenue is much more of an indication of size rather than profit ? I am not talking about size, just a viable and successful business. Which is why this article is significant as it measures net assets.
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tsf
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+x+x+xIts interesting the most successfully financial franchise only makes under $400k profit, god help the rest of them then, imagine what they would all do if the FFA wasn't stealing their income for "redistribution" ? 5 million is assets and a 400k profit. That's amazing for an Aus sokkah club that's only been going ten years. FFS, half the AFL clubs lose money, that's which much bigger crowds and member numbers. Surely revenue is much more of an indication of size rather than profit ? I am not talking about size, just a viable and successful business.
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lukerobinho
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+x+xIts interesting the most successfully financial franchise only makes under $400k profit, god help the rest of them then, imagine what they would all do if the FFA wasn't stealing their income for "redistribution" ? 5 million is assets and a 400k profit. That's amazing for an Aus sokkah club that's only been going ten years. FFS, half the AFL clubs lose money, that's which much bigger crowds and member numbers. Surely revenue is much more of an indication of size rather than profit ?
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tsf
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+xIts interesting the most successfully financial franchise only makes under $400k profit, god help the rest of them then, imagine what they would all do if the FFA wasn't stealing their income for "redistribution" ? 5 million is assets and a 400k profit. That's amazing for an Aus sokkah club that's only been going ten years. FFS, half the AFL clubs lose money, that's which much bigger crowds and member numbers.
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pippinu
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+xIts interesting the most successfully financial franchise only makes under $400k profit, god help the rest of them then, imagine what they would all do if the FFA wasn't stealing their income for "redistribution" ? A $400k profit is excellent.
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And Everyone Blamed Clive
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+x+xSo about the same as a medium suburban fruit and vegetable shop then? My fish and chip shop is about those levels. -PB How about a cornerstore ? :)
Winner of Official 442 Comment of the day Award - 10th April 2017
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FullBack4
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Its interesting the most successfully financial franchise only makes under $400k profit, god help the rest of them then, imagine what they would all do if the FFA wasn't stealing their income for "redistribution" ?
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paulbagzFC
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+xSo about the same as a medium suburban fruit and vegetable shop then? My fish and chip shop is about those levels. -PB
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paladisious
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+xSo about the same as a medium suburban fruit and vegetable shop then? And they said Anthony Di Pietro's business experience wouldn't pay off.
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tsf
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+xSo about the same as a medium suburban fruit and vegetable shop then? With the price they charge for avocados, no wonder these fruit shops have over 5 million in assets like MV do.
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SWandP
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So about the same as a medium suburban fruit and vegetable shop then?
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And Everyone Blamed Clive
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+x+xA nothing article. Fancy comparing net assets between two immensely different organizations with completely different functions lol. Like to know where the article comes from, AFL Tardland is my guess. If the Melbourne mod can only do what he preaches onto others - source and link please. Link to source is the headline, genius. :)
Winner of Official 442 Comment of the day Award - 10th April 2017
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paladisious
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+xA nothing article. Fancy comparing net assets between two immensely different organizations with completely different functions lol. Like to know where the article comes from, AFL Tardland is my guess. If the Melbourne mod can only do what he preaches onto others - source and link please. Link to source is the headline, genius.
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Carlito
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+xEven as a City supporter, it is clear that MV have done a great job in building their club.They are well managed off the park and that has translated to strong on field performance.They made use of their market monopoly well over the first 5 years, whereas a club like SFC did struggle to hold the attention of theirs after some initial promise.Competition in both Melbourne and Sydney has certainly taken the game to new levels though. People are critical of Heart/City but the numbers of overall growth still paint a very positive outcome.The one thing that I do find strange though is the ongoing talk by MV to build an academy but it seems slow progress. 11 years into the club's history I would have expected greater steps to have been taken.Overall though, it is managing its books well and holding its strong position in the market. Unless you have say a uni that didnt mind that you build a new complex ala la trobe with you guys then its gonna take time. There are plenty if nimbys and a lot council redtape to go thru. Iirc mariybong council and mv are in agreement and mv just need planing approval and money to build. Only place is down near the rugby grounds and mear merv hughes cricket ground
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Heart_fan
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Even as a City supporter, it is clear that MV have done a great job in building their club.
They are well managed off the park and that has translated to strong on field performance.
They made use of their market monopoly well over the first 5 years, whereas a club like SFC did struggle to hold the attention of theirs after some initial promise.
Competition in both Melbourne and Sydney has certainly taken the game to new levels though. People are critical of Heart/City but the numbers of overall growth still paint a very positive outcome.
The one thing that I do find strange though is the ongoing talk by MV to build an academy but it seems slow progress. 11 years into the club's history I would have expected greater steps to have been taken.
Overall though, it is managing its books well and holding its strong position in the market.
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Axelv
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+xSpend some money on a decent women's team you scabby Melbourne Victory!!!! No-one cares about petty PC agendas
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tsf
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It's not all victory you are correct, but let's face it. If MV were a 6k club there is not much chance the league would have the viability and made such an impression on the aus sporting landscape. Before wsw the league was going through the motions. Roars playing style also helped greatly.
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paulc
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+xYes, you can Paul. And that's because of the stability and success of MV - it has a knock on effect with attracting interest, sponsors, advertisers etc and keeping money in the league. Which then has a knock on effect for others. The league and clubs collectively can take the accolades for that. Not one club. Otherwise you can say SFC with Yorke and Depiero or City with Cahill are leading the way of the future. Let's not forget WSW with their Asian champions win or even Roar revolutionizing the way football is played in the country. Even MV needed a FFA helping hand to get them going, so we must mention the governing body as well. But MV alone? Nah!
In a resort somewhere
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tsf
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Yes, you can Paul. And that's because of the stability and success of MV - it has a knock on effect with attracting interest, sponsors, advertisers etc and keeping money in the league. Which then has a knock on effect for others.
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paulc
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+xLet's face it. Without MV doing the heavy lifting for everyone over the last ten years, you might as well pack up the league. But we can live with 3000 average crowds, tiny grounds, play in winter with a hundred team league right now and without spending one marketing dollar.
In a resort somewhere
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HortoMagiko
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+xFrom memory he didn't say mv was financially crippled. Something more along the lines they couldn't afford Essien or Diamantina without FFA assistance. Then he most def has diamantia, i mean dementia :P
Is Wellington diverse? Dont know, however this is a club that has no historical or existing link to a specific migrant group - Rusty Einstein
The negative stereotypes are perpetuated by people who either have no idea or are serving a vested interest; neither viewpoint should get anywhere near running Australian football - Ange Postecoglou
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And Everyone Blamed Clive
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+xFrom memory he didn't say mv was financially crippled. Something more along the lines they couldn't afford Essien or Diamantina without FFA assistance. I said they were at roughly the limit of what they have chosen to spend on a squad. To do with issues of crying about Cap/Marquee restrictions
Winner of Official 442 Comment of the day Award - 10th April 2017
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bigpoppa
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From memory he didn't say mv was financially crippled. Something more along the lines they couldn't afford Essien or Diamantina without FFA assistance.
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HortoMagiko
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+x+xLet's face it. Without MV doing the heavy lifting for everyone over the last ten years, you might as well pack up the league. So it's MV's fault this crap is still limping along Lol hows mv the finacially crippled club going? Id quote you from yesterday but cbf lol
Is Wellington diverse? Dont know, however this is a club that has no historical or existing link to a specific migrant group - Rusty Einstein
The negative stereotypes are perpetuated by people who either have no idea or are serving a vested interest; neither viewpoint should get anywhere near running Australian football - Ange Postecoglou
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