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Rank: Sports Guru
Groups: Member
Joined: 6/3/2008
Posts: 356
Location: Melbourne, Victoria
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Hutchy broke that they will record a loss of $4.5 mill for the year lol funny
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Rank: Sports Guru
Groups: Member
Joined: 12/31/2007
Posts: 219
Location: The Universe
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yeah that one made me laugh
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Rank: Sports Guru
Groups: Member
Joined: 6/15/2007
Posts: 1,559
Location: Adelaide
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Ha. Why such a huge loss?
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Rank: Sports Guru
Groups: Member
Joined: 9/20/2007
Posts: 1,780
Location: Melbourne
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Its 2 million *****head, get your facts right
We bought 2 hotels for $14.5 million a couple years back and they didnt work out, so we just sold them for $10 million
And with our $2.5 million operating profit, the loss in our books is around $2 million
All our debts are gone, and it is a small loss considering the club is worth $55 million
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Rank: Sports Guru
Groups: Member
Joined: 8/6/2008
Posts: 179
Location: melb
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it def wasnt 4.5 million
pies4life ur right
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Rank: Sports Guru
Groups: Member
Joined: 4/13/2005
Posts: 4,591
Location: Sportal
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The club is aiming to be debt-free, and although some hotel industry sources regard this as a "fire sale", Eddie seems pretty convinced we are headed for tougher economic times. A well-timed announcement, with the media focus being on the Olympics and "other matters", it shouldn't hurt the club too much. Scan the papers today for other bad financial news - it will be there too, but neatly hidden behind the Olympics razzamatazz.
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Rank: Sports Guru
Groups: Member
Joined: 5/22/2005
Posts: 2,012
Location: Penrith
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powerrules wrote:Hutchy broke that they will record a loss of $4.5 mill for the year lol funny Why is that funny? You can bet a lot of this tab will be picked up by the other clubs.
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Rank: Sports Guru
Groups: Member
Joined: 6/3/2008
Posts: 356
Location: Melbourne, Victoria
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Pies4Life wrote:Its 2 million *****head, get your facts right
We bought 2 hotels for $14.5 million a couple years back and they didnt work out, so we just sold them for $10 million
And with our $2.5 million operating profit, the loss in our books is around $2 million
All our debts are gone, and it is a small loss considering the club is worth $55 million gary pert must be a dh because thats what he said lol oh wait u go for collingwood so ur a dh 2lol
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Rank: Sports Guru
Groups: Member
Joined: 4/13/2005
Posts: 4,591
Location: Sportal
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RH2986 wrote:
Why is that funny? You can bet a lot of this tab will be picked up by the other clubs.
That's be nice. How do we make that happen?
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Rank: Sports Guru
Groups: Member
Joined: 5/22/2005
Posts: 2,012
Location: Penrith
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ossie wrote:
That's be nice. How do we make that happen?
The AFL will just bail the Pies out like they have done with every other struggling Melbourne based club. Us huge money spinners in the interstate clubs will have to foot the bill, again......
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Rank: Sports Guru
Groups: Member
Joined: 4/13/2005
Posts: 4,591
Location: Sportal
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RH2986 wrote:
The AFL will just bail the Pies out like they have done with every other struggling Melbourne based club. Us huge money spinners in the interstate clubs will have to foot the bill, again......
I trust you are being sarcastic. That's the sort of stuff I'd expect from chardy, TT, or svenny, although your posts have been getting more and more ridiculous lately.
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Rank: Sports Guru
Groups: Member
Joined: 5/22/2005
Posts: 2,012
Location: Penrith
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ossie wrote:
I trust you are being sarcastic.
Don't know the meaning of the word  I'm tipping the Pies this weekend by the way. Be just like your mob to put in a blinder after the week that was.
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Rank: Sports Guru
Groups: Member
Joined: 11/6/2004
Posts: 850
Location: Widgiemooltha
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ossie wrote:
I trust you are being sarcastic. That's the sort of stuff I'd expect from chardy, TT, or svenny, although your posts have been getting more and more ridiculous lately.
But I didnt say anything Os, why, because it is wrong. Want a couple of thoughts, try, wasnt Eugene Arocca responsible for commercial operations - he's gone & so are the pubs. The Hawks at Caroline Springs are going down this path, is it the moneyspinner we are lead to believe? Melbourne have lots of pokies, but dont know how to turn a profit. More here than meets the eye Os ...
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Rank: Sports Guru
Groups: Member
Joined: 6/9/2007
Posts: 3,545
Location: Melbourne.
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Talk about recycling old news..
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Rank: Sports Guru
Groups: Member
Joined: 10/12/2007
Posts: 2,534
Location: The Realm Of The Hawk
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chardonnay wrote:
But I didnt say anything Os, why, because it is wrong.
Want a couple of thoughts, try, wasnt Eugene Arocca responsible for commercial operations - he's gone & so are the pubs.
The Hawks at Caroline Springs are going down this path, is it the moneyspinner we are lead to believe? Melbourne have lots of pokies, but dont know how to turn a profit.
More here than meets the eye Os ...
More? Doubtful...
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Rank: Advanced Member
Groups: Member
Joined: 7/10/2008
Posts: 50
Location: Auckland
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Against the Saints
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