Ouch! Another $750k loss

[ShockOfHair]

And we have the smallest membership in the league.

Richard Colless has announced a $752,428 loss for 2009. We lost $797,520 in 2008.

The loss included depreciation of $550,000 and a provision of $370,000 for CLUB SWANS. (What does a footy club have that depreciates?)

The Swans signed 26,269 members in the season, the lowest number in the league.

Colless says the club will step up its recruitment efforts, but didn't elaborate.

[/QUOTE]

Tough times continue for Swans - AFL.com.au

[swans song]

Pass the hat around
Roo's last year less 10%
Rest of coaching less 10% as well theres about $300k
Should be performance based like most businesses KPI's
No Hall, Barry etc. thats at least another $400k
Pay peanuts get monkeys
Nearly a profit
It's not that hard

[Legs Akimbo]

Remember this thread...]

http://redandwhiteonline.com/forum/showthread.php?t=26819&highlight=membership

I think the ex CEO has left a lasting impact on the club indeed...

[hammo]

Maybe it's time for a new President.

[swans song]

It's very simple
On field success = Off field $

[laughingnome]

It's very simple
On field success = Off field $

Didn't the Saints post a loss for 2009 as well?

[ShockOfHair]

No, they posted a $177k profit. (Net profit was $1.1m thanks to a gift from the Vic govt to help "club redevelopment". )

Swans record loss, Saints a profit | Herald Sun


The Swans result underlines what the club has always said - we can't afford to go down the ladder.

But the big hits we're taking on Club Swans have nothing to do with the on-field performance. I guess that (and the membership debacle) is why MBH had to walk.

[Bas]

Well I can't see how another week in the finals would have made much difference financially.

[Legs Akimbo]

Well I can't see how another week in the finals would have made much difference financially.

I think the idea is that more wins = bigger home and away crowds = more gate + increased membership.

Sydney Swans supporters are thought to be fair weather friends. The results suggest that many probably are, albeit also being squeezed like stones.

[Bas]

I think the idea is that more wins = bigger home and away crowds = more gate + increased membership.

Sydney Swans supporters are thought to be fair weather friends. The results suggest that many probably are, albeit also being squeezed like stones.

I got you. I initially thought it was Collis trying to blame the team for the loss rather than taking responsibility as Chairman that the Club wasn't being managed properly.

[TheHood]

Bring on Horse.

I reckon low scoring close games are not a great promo for the code in Sydney.

Newbies come to see the scoreboard ticking over. The media has something to sing about after a big big win.

Swans used to be a minow who over achieved. The media loved it. In 2009 the Swans were no longer a minow or a powerhouse. Just a nothing in-between team.

[Steve]

I think the idea is that more wins = bigger home and away crowds = more gate + increased membership.

All true but on the membership side you'd expect there to be a lag (ie. numbers in 2010 fall after missing finals).

So not a coincidence that we're suddenly going to see a competitive team fielded in the NAB Cup this year - playing the country circuit and then a slow start in the H&A season isn't good for membership.

Admittedly we do seem to be far better off with injury, early start to pre-season etc. But you wonder how far the pressure extends in the footy department's decision making - eg. aggressive trading, recruiting quick/flashy players to give the marketing department more to sell to supporters.

I shudder to think what the GWS financials will look like (before AFL prop-ups) if the Swans continue to make significant losses.

[reigning premier]

No, they posted a $177k profit. (Net profit was $1.1m thanks to a gift from the Vic govt to help "club redevelopment". )

Swans record loss, Saints a profit | Herald Sun


The Swans result underlines what the club has always said - we can't afford to go down the ladder.

But the big hits we're taking on Club Swans have nothing to do with the on-field performance. I guess that (and the membership debacle) is why MBH had to walk.

personally, I don't think that's true. There's enough loyal supporters out there that will renew their membership year-in, year-out, regardless of how pporly the Swans may perform in any given year. Yeah it woudl be great to have 40,000 members but exceopt in really succesful periods, it isn't going to happen. Besides, how many people do you think the SCG holds (Take out visitors, SCG members, etc)?

There is however, no excuse for such poor management by the board. Club Swans is a great idea but this was a bad purchase. They could of bought Moore Park Bowling Club and renovated the hell out of it and made it more relevant and accessible to Swans fans. That for a start would of guaranteed more patronage from fans and would of resulted in a much better financial outcome for the club.

[Triple B]

Club Swans is a great idea but this was a bad purchase. They could of bought Moore Park Bowling Club and renovated the hell out of it and made it more relevant and accessible to Swans fans. That for a start would of guaranteed more patronage from fans and would of resulted in a much better financial outcome for the club.

Yep.

I would gladly wander over with the family for a few bevvies awaiting the carpark to empty after games if we were at Moore Park.

Not a snowflakes chance in hell of ever going to Club Swans in it's current guise, pre-match, post-match or any other time .

[Danzar]

Easy solution to the immediate issue of a $750,000 loss - win the freaking NAB cup!

Mid-term solution - get bums on seats. I shudder to think how much gate takings the Swans lost over the past two years from poor marketing of key games, particularly at ANZ stadium. Getting the media department firing also helps.

Long-term solution - sort out your dud assets.

The fund sinking with the Swans

Add to that everything else that has been said on this thread and I reckcon we're out of the red and back in the black