TOPIC:

JL sounds like you may have trouble filling your paper bags this year.
Hope your players can come to terms with playing for the love of it.
lol

Heard Subi football department has been told to cut spending by half.

Apparently we are third in the finance stakes behind SF and $ubi. Peel despite all the cash from the Fremantle alignment are broke. 

Subi have been losing money for quite a few years now, they have very high operating costs in terms of staff compared to other clubs.

smokey wrote:

Tiger Tales wrote:

CFC operating surplus $250k, after depreciation $155k 




 

I am no expert on basic accounting but, as I understand it, depreciation is a balance sheet item - a basic write-down of the value of an asset(s). No cash involvement.
Operating surplus is a profit and loss item - a surplus or deficit of revenue over expenditure. It is not affected by depreciation.
So, if Claremont had a surplus of $250k, then that is exactly what it is. Cash profit.
Impressive.


 

Depreciation is an add back, it's not cash profit.

 

Southerner wrote:

Winger wrote:

WP 54 Gs up
EF 53 Gs down
SF Just over the line. Car parking fees got them over the line.

SF in 2022 result 
$119,702   Up

 

A very surprising result for mine, given the attendances were pretty slim, having Foundation Day Derby this year helps, a guess it shows just how little attendances/catering play in marketing and finance ops of clubs now.

Four clubs alone lost nearly $1M
Subiaco (-$343,380) and East Fremantle (-$322,104) lodged the biggest losses while Peel Thunder (-$145,525) and East Perth (-$60,863) also finished the year in deficit.

Swans up by $64004

Southerner wrote:

Four clubs alone lost nearly $1M
Subiaco (-$343,380) and East Fremantle (-$322,104) lodged the biggest losses while Peel Thunder (-$145,525) and East Perth (-$60,863) also finished the year in deficit.

Subi can wear it, but EFFC run on empty as do EPFC, what hit EFFC must be losing a mint with that wacko decision to play at the WACA.  Claremont did it smart playing Showgrounds.

Despite the GF being at Leederville, EP and Subiaco should be suing the council for any lost revenue due to the poor state of the ground and lights!

Bazza wrote:

Southerner wrote:

Four clubs alone lost nearly $1M
Subiaco (-$343,380) and East Fremantle (-$322,104) lodged the biggest losses while Peel Thunder (-$145,525) and East Perth (-$60,863) also finished the year in deficit.

Subi can wear it, but EFFC run on empty as do EPFC, what hit EFFC must be losing a mint with that wacko decision to play at the WACA.  Claremont did it smart playing Showgrounds.

mate there is concern apparently