How are they spending $17m on footballing expenses?
How are they spending $17m on footballing expenses?
Dock them points
Is that good or bad though? How much do we lose a season? I recall some years I think we turned a profit but that seems pretty rareā¦
I donāt think any A-League club has ever turned a profit.
Victory did for a few seasons, as did, i think CCM, but they were based off of good ACL runs
Thereās running a loss and thereās running a loss equivalent to half of your revenue. Thatās not sustainable.
Iāve been wondering if some form of PSR rules might be needed to stop us having clubs go into total meltdown.
If their revenue is $17.3m and their loss is $9.8m, then they spent $27m, not $17m Iām having a hard time working out how though.
Iāve lost track, whatās the cap now, 4-5? How on earth can you get 20m in other operating costs? They arenāt building a stadium or anything
Couldnāt be fucked scrolling back to check, but wasnāt there some clause in the investment mob that gave them a shitload of money and then took it back and walked away, that was heavily weighted in favour of said investment mob (something like them getting to keep a fair chunk of their predicted return even if they exited prematurely)?
Iām probably misremembering, but Iām sure there was something that seemed sus at the time.
Maybe part of that loss is the payout they had to give in that deal?
Found it
So not quite what I thought. It relates to liquidation only.
The explosion in āfootball expensesā (as distinct from āEvent and match day expensesā) between 2018-19 and 2023-24, from $13,146,601 to $17,209,567, seems odd.
In that time, the salary cap has come quite significantly down, from $3.2m to $2.6m, and I canāt imagine their 2023-24 marquees cost nearly as much as Keisuke Honda and Ola Toivonen?
If only everyone saw this coming.
Whoever signed off on this should be investigated, this is old school NSL dodgy shit.
I donāt care enough to look into it, but could it have to do with expansions to their academy or youth setups? And/or professionalisation of the womenās team?
Arthur Diles confirmed as permanent head coach. If thereās one good thing to have happened out of last weekās dismal result against Victory, itās this.
Nobody has made any money in Australian football since 1977.
Clubs that have posted an individual year profit:
Melbourne Victory: 14/15 17/18
Sydney FC: 17/18 18/19
Adelaide United: 16/17 18/19
Except NPL clubs slugging juniors and private academies run by your neighbour who brushed shoulders with an ex pro from the 90s.
fixed that for you
The 140 million dollars that the incompetent corrupt racist dipshits in the so called professional era of Australian football lost will forever beat anything than the NPL/NSL will ever do.
In regards to MVFCās rather interesting āaccountingā problem it perhaps the discrepancy have anything to do with their 777 Partners association ?
Four of those in the 2 years immediately preceding Covid - from three different teams too.