I think they mentioned a potential Grand Final on Cox Plate Day. Is that the end of October?BackFromUSA wrote: ↑Mon 11 May 2020 11:09pm Has anyone figured out that
- June 11 start + 16 weeks = end of September
- Final series in October
So without any interuptions to the remainder of the season, there may not be the need for 4/5 day breaks and it will be Thursday or Friday to Sunday footy as required by ground access and the normal 5/6/7 day breaks.
CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
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- kosifantutti
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
Macquarie Dictionary Word of the Year for 2023 "Kosi Lives"
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
Yes Kosi, the last weekend. A great lead in to the Spring Carnival.kosifantutti wrote: ↑Tue 12 May 2020 1:49pmI think they mentioned a potential Grand Final on Cox Plate Day. Is that the end of October?BackFromUSA wrote: ↑Mon 11 May 2020 11:09pm Has anyone figured out that
- June 11 start + 16 weeks = end of September
- Final series in October
So without any interuptions to the remainder of the season, there may not be the need for 4/5 day breaks and it will be Thursday or Friday to Sunday footy as required by ground access and the normal 5/6/7 day breaks.
- The_Dud
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
Are they going to do a week off before finals?
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- ace
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
I am quite enjoying going undefeated every week.
Why do some want to go and spoil that ?
Why do some want to go and spoil that ?
The more you know, the more you know you don't know.
When I was a young child, I knew that I knew so much about so much.
Now that I am old and know so much more, I know that I know so much about so little, and so little about so much.
If you are not engaging AI actively and aggressively, you are doing it wrong.
You are not going to lose your job to AI.
You are going lose your job to somebody who uses AI.
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Your company is going to go out of business because another company used AI.
- Jensen Huang, CEO of NVIDIA
When I was a young child, I knew that I knew so much about so much.
Now that I am old and know so much more, I know that I know so much about so little, and so little about so much.
If you are not engaging AI actively and aggressively, you are doing it wrong.
You are not going to lose your job to AI.
You are going lose your job to somebody who uses AI.
Your company is not going to go out of business because of AI.
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
Yes but each week we get closer to a season we lost every game.
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
If the $20 million debt becomes too much I assume we will sell RSEA park on a sale and lease back and pay the debt off.Secret Kiel wrote: ↑Sun 10 May 2020 11:37amThe backer of substance is a bank. We start off with $20 million in debt. We haven't made more money than we spend for a very long time, in a severely depressed economy it is going to be extremely difficult to generate enough cash to pay down our debt let alone find cash to remain competitive.Shaggy wrote: ↑Sun 10 May 2020 11:22amSponsors and Media will pay if we play so I hope that alleviates a lot of your concerns.Secret Kiel wrote: ↑Sat 09 May 2020 2:29pm
I'm very certain the club will not earn any revenue from playing games this year but it will still cost a huge amount of money to play each game.
In the business world that is called trading while insolvent.
Gill is a collaborative negotiator and is likely to have had a rough indication of how much they will be likely to pay prior to settling on player payments for 2020.
Hence my guess of 50% revenue for the year.
It is also not insolvent trading. Businesses can make losses for years even with negative net assets and not be trading whilst insolvent so long as they have a backer of substance to cover cash flow.
The clubs have the AFL and the AFL has the $600 million credit facility to draw upon.
I'm guessing 2021 and 2022 are the years when we will have a real fight on our hands for survival.
But it’s a rollover not a paydown facility so it should not become too much. The interest cost would only be $750,000 at today’s interest rate which is less than 2% of 2019 revenues.
Banks are in the business of lending not recovering. They want to work with, not against the large number of influential people involved in the AFL.
Looking at the Saints in isolation – NAB is lead manager of a syndicated loan of $950 million loan with Andrew Bassett through Seek. They are not going to put their relationship at risk with Bassett over a $20 million loan. Add in influential supporters such as Ryan and Fox and the Banks have a lot to lose depending upon who they bank with. We also have 45,000 members. That is a lot of people banks want to win rather than piss off as potential clients. Banks spend more than a $1 billion on marketing each year trying to develop their client base. They are not going to kill the good will over relatively small money Saints owe.
IMO if things really go wrong banks will compromise and restructure their debt rather than ever appoint insolvency managers to the AFL or individual clubs. It would be marketing suicide to do otherwise.
I guess that is not your experience but the AFL and Saints have influence with the Banks you and I do not.
For the time being that is enough from me on the topic.
I hope when footy resumes you can enjoy it.
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
How could we sell RSEA if we don't own it? The State Government, Kingston City Council and the AFL are the financiers of the property.Shaggy wrote: ↑Wed 13 May 2020 12:11am
If the $20 million debt becomes too much I assume we will sell RSEA park on a sale and lease back and pay the debt off.
But it’s a rollover not a paydown facility so it should not become too much. The interest cost would only be $750,000 at today’s interest rate which is less than 2% of 2019 revenues.
Banks are in the business of lending not recovering. They want to work with, not against the large number of influential people involved in the AFL.
Looking at the Saints in isolation – NAB is lead manager of a syndicated loan of $950 million loan with Andrew Bassett through Seek. They are not going to put their relationship at risk with Bassett over a $20 million loan. Add in influential supporters such as Ryan and Fox and the Banks have a lot to lose depending upon who they bank with. We also have 45,000 members. That is a lot of people banks want to win rather than piss off as potential clients. Banks spend more than a $1 billion on marketing each year trying to develop their client base. They are not going to kill the good will over relatively small money Saints owe.
IMO if things really go wrong banks will compromise and restructure their debt rather than ever appoint insolvency managers to the AFL or individual clubs. It would be marketing suicide to do otherwise.
I guess that is not your experience but the AFL and Saints have influence with the Banks you and I do not.
For the time being that is enough from me on the topic.
I hope when footy resumes you can enjoy it.
That aside I think the issue that will affect us before any possible threat to survival is our abilty to be competitive due to the AFL directing funds and resources away from us to other clubs based on AFL agendas.
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
Do we play 17 more matches this year, or just 16 more. Each team has already played one opponent - so surely each club should only have 16 games more to play? Apologies if this has already been stated on here.
EDIT: BackfromUsa has already posted that we have 16 matches left for the regular Home and Away season.
EDIT: BackfromUsa has already posted that we have 16 matches left for the regular Home and Away season.
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
Take it for what it's worth,
but I was told yesterday by the brother of a Demons player that they are expecting to play us in the first (round 2) game.
Also they (all players, and I assume officials involved in training/game day activities) have to go into lockdown/isolation to be eligible to participate. So if your partner is a nurse (or other frontline worker) you/he/she have to move out for fear of contamination.
but I was told yesterday by the brother of a Demons player that they are expecting to play us in the first (round 2) game.
Also they (all players, and I assume officials involved in training/game day activities) have to go into lockdown/isolation to be eligible to participate. So if your partner is a nurse (or other frontline worker) you/he/she have to move out for fear of contamination.
- samuraisaint
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Re: CANCELLATION OF THE 2020 SEASON NOT HAPPENING!!
We might actually get a win then!Mr Magic wrote: ↑Sat 16 May 2020 3:26pm Take it for what it's worth,
but I was told yesterday by the brother of a Demons player that they are expecting to play us in the first (round 2) game.
Also they (all players, and I assume officials involved in training/game day activities) have to go into lockdown/isolation to be eligible to participate. So if your partner is a nurse (or other frontline worker) you/he/she have to move out for fear of contamination.
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