Saints Five Million dollars in debt

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plugger66
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Re: Saints Five Million dollars in debt

Post: # 1544471Post plugger66 »

IanRush wrote:
plugger66 wrote:
IanRush wrote:Hi all,
Wish the Saints well in this debt issue.

In terms of the Saints Coterie Club/Cashed-up Powerbrokers, who have the Saints got (besides L Fox?)

As someone else said, Geelong is outside Melb and a different kettle of fish, if any Govt Dept gave the Western Bulldogs $50 Mill, then I’d be aggrieved.

The AFL need a third stadium in Melb, and to be honest, Princes Park is the closest and cheapest to fix back to AFL standard.

Also, it’s well located on Royal Parade, close to the City and a tram line (s). In saying that, I know that Linton Street is much loved, even by non Saints fans!

Looking back, I don’t think this ‘ground rationalisation’ policy worked for the AFL, it seems to be a defacto way to monitor the gate of each clubm by putting everyone at electronic, centralised venues.

Speaking as a non-Sainter, I was always surprised at how quickly Butters went. He was in Property, can he help? Is his help wanted?

Thanks.

Pretty sure Butters doesn't really have much money. As for Fox being the only one with money well that's a good start but I would think there would be many more. As for the ground rationalisation being to monitor the gate well that's another hilarious conspiracy. Could be one of your best.
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SaintPav
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Re: Saints Five Million dollars in debt

Post: # 1544597Post SaintPav »

plugger66 wrote:
SaintPav wrote:The club has a negative net worth of almost $1 million and is technically insolvent.

I'm not sure but apart from moving back to its roots, it might be a reason why they are trying to off load Linen House.

http://thenewdaily.com.au/sport/2015/04 ... oney-wars/

Im not sure we are getting any money for that place. matter of fact I don't think we get a cent.
It's called an accounting trick but if you have a handle on the club's detailed financials please do tell.


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matrix
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Re: Saints Five Million dollars in debt

Post: # 1544822Post matrix »

moor is only a step on the journey to JO 8-)


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