Discuss



Edited by chris: 2/1/2011 10:12:11 PM






Edited by chris: 2/1/2011 10:16:20 PM

either post evidence to support your claim Chris or I am going to move this to the rumour section.

Source, or close thread.

Many similar entities lose money in the first few years of operation. Come back in five years once their place in the market (be it stable or unstable) is confirmed.

Every club in its first season posted a multi-million dollar loss. this is a no f*n brainer :roll:

The start-up costs associated with these ventures combined with virtually no market share upon commencement results in these losses.

[size=9]Joffa

since you are so keen to moderate - in fairness when the teams submit their balance sheets - and my title is correct - you should stop being a moderator on this forum[/size]

Edited by chris: 2/1/2011 10:25:48 PM

I <3 you Joffa

this.

What about when you post a link to support your $6 million first season loss claim i just move the thread back...or do you disagree that without supportive evidence your statement is a rumour?

You may note I haven't commented either way as to the factualness of your statement...

What does this mean?

:-k

Well according to the thread title it's actually a 60,000,000 loss, albeit with a few commas in the wrong place.

$6,000,0000

Is this a new numerical figure that has just been invented??

Maths-greek style:p

Didn't the Greeks invent maths in the first place? :p

Pretty sure our system is Arabian

Sorry I must have been thinking of drachmas

Should be 6 million australian dollars

Actually it's Indian.

really . there u go u learn something everyday :P

Pretty sure the Indians developed the system, passed it on to the Arabs, then on to Europe, hence the name Hindu-Arabic numerals.

No, he shouldn't. At this point in time, what you have stated is a rumour. Unless you give us a source, we have no choice but to move it here - irrespective of whether it comes true or not.

1. Joffa has the support of the majority on here. He stays.
2. I think the Heart are gay and a laugh, but still, you need to substantiate your claim.

Happy New Year.

i dont support Joffa i think he is a bad person, bans anyone who has a different opinion to the pro-FFA people, i know guys that if they knew who he was they would hunt him down like a savage dog.

But this thread proves to my point yesterday.

Bye Bye heart, oh ffa you are a pack of morons

In news that can be confirmed.....Heart are currently playing South Melbourne in a praccy match at LaTrobe Uni. Wish I'd known this last night, probably would've stayed in the city and gone for a look.

It's a love heart...

Cheers:d

Obviously there is no link - I would love to see their financial at the end of the fin year - but not sure they will become public - but Heart and smfc do have a relationship largely due to the Heart approaching us for a stake on more than 1 occassion already

I can go on - but will not name names nor will I compromose existing relationships

The sad truth is that the Heart also have a very favourable tennacy agreement at AAMI for the 1st 3 years - however this agreement will not remain

I do not see them reversing the trend

Sidwell has done well to get others to invest $$$ - and they are the ones hurting - pretty much the Lowy method by fully endirsing and backing a product - yet getting others sucked in to finance it

It is these investoirs that are hurting = more people backing our game and getting burnt from it....not a good image

For the record - I think Joffa is a good bloke - definately a football tragic - but then again aren't we all - if anything he needs to broaden his view on certain matters - but a good bloke I sence


Edited by chris: 3/1/2011 12:59:37 PM

I also would like to see the financial statements of all clubs and the FFA made public on an annual basis...I don't think it would suprise anyone if the Heart make a loss this season...as long as they are withn their budgeted targets most people would be happy.

If as you say Chris, and I have no reason to doubt you, the Heart are heading for a $6 million loss this season then at an average of $20 per ticket that is an extra 300,000 tickets they would need to sell, which means they would need an extra 20,000 at each home match. This would mean the heart would need to be currently averaging about 29,300 per match.

Edited by joffa: 3/1/2011 04:27:42 PM

I still think this season's balance will be deceptive as the start up costs would be staggering. Remember that Heart have had to generate their market share out of nothing - that is plenty of money being put into advertising. As Joffa alluded to, start-up costs will have been budgeted for.

I would liken it to buying a car. The initial outlay is significant, but once you have paid the initial cost, the ongoing costs are significantly less.

joffa are you married?