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| Quote ="dally messenger"penrith panthers has assets over $300 million, including leagues clubs in newcastle and elsehwere.'"
Just to revive the debate;
It seems that the "[imighty[/i" Panthers empire is not so mighty after all.
[urlhttp://www.smh.com.au/nsw/mighty-panthers-declawed-20100227-pa3g.html[/url.
On the back of losses for the last 5 years, the Leagues clubs have lost $11 million this financial year. They have been forced to cut the grant to the NRL side by $1 million, and I know for a fact that funding to their junior comps and local development have been slashed too.
We tried to tell you this was happening, but there are none so deaf as those who will not listen.
As I said previously; "Assets, schmassets". |
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| Quote ="Stormin' Robin"Just to revive the debate;
It seems that the "[imighty[/i" Panthers empire is not so mighty after all.
[urlhttp://www.smh.com.au/nsw/mighty-panthers-declawed-20100227-pa3g.html[/url.
On the back of losses for the last 5 years, the Leagues clubs have lost $11 million this financial year. They have been forced to cut the grant to the NRL side by $1 million, and I know for a fact that funding to their junior comps and local development have been slashed too.
We tried to tell you this was happening, but there are none so deaf as those who will not listen.
As I said previously; "Assets, schmassets".'"
Once again Dally and the fact don't agree - there is shock  |
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take out depreciation and other non cash items and one offs whats the situation?
if you idiots are saying they are cash flow negative then heaven help you.
land in sydney is v.valuable.
as sites for home units they can all be sold to developers
eg souths sold their land for $15 million in 2 lots.
but some of you just dont understand the property market
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from the article :
'It will amount, with some write-downs, to about $11 million. "
thats what happens when you listen to idiots on the internt
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| Quote ="dally messenger"take out depreciation and other non cash items and one offs whats the situation?
if you idiots are saying they are cash flow negative then heaven help you.
land in sydney is v.valuable.
as sites for home units they can all be sold to developers
eg souths sold their land for $15 million in 2 lots.
but some of you just dont understand the property market'"
Point one.
My information comes directly from a mate who is currently managing at one of the clubs owned by Panthers (not one of the ones earmarked for closure/sale). I used the newspaper article to provide text, [inot[/i as sole source.
Point two.
What part of " They have been forced to cut the grant to the NRL side by $1 million, and I know for a fact that funding to their junior comps and local development have been slashed too" are you too thick to understand?
Nah, they're not in trouble. They just reckon that Penrith RLFC don't need the money.  |
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keep quoting an unamed person, sure i believe you!
accounting 1a ) cashflow isnt the same thing as profits!
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| Quote ="dally messenger"icon_lol.gif
keep quoting an unamed person, sure i believe you!
accounting 1a ) cashflow isnt the same thing as profits!
'"
So come on Dally, which Leagues clubs have INCREASED their NRL club funding in the last 5 years?
I can tell you for a fact:
Souths, Sharks, St's, Eels and now Panthers have all reduced them quite significantly. |
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| Quote ="JB Down Under"So come on Dally, which Leagues clubs have INCREASED their NRL club funding in the last 5 years?
I can tell you for a fact:
Souths, Sharks, St's, Eels and now Panthers have all reduced them quite significantly.'"
ill keep repeating cash flow isnt profit |
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answer the question!
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| Quote ="JB Down Under"answer the question!'"
leagues clubs are giving football clubs millions each, plus spending millions more on juniors. this is happening today
most clubs are cash flow positive, ignoring write offs and depreciation
get someone to explain the last sentence to you, its complicated |
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please just answer the question. In the last 5 years which Leagues clubs have INCREASED their grants to NRL clubs. Its a simple question.
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| Quote ="JB Down Under"please just answer the question. In the last 5 years which Leagues clubs have INCREASED their grants to NRL clubs. Its a simple question.'"
why do they have to increase funding ?
you seriously are one of the dumbest posters ive encountered and that includes people like clive woody |
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lets just wait and see how the storm go in their new stadium huh.
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| Quote ="dally messenger"[size=150leagues clubs are giving football clubs millions each[/size, plus spending millions more on juniors. this is happening today
most clubs are cash flow positive, ignoring write offs and depreciation
get someone to explain the last sentence to you, its complicated'"
Really? Norths Leagues give around 400k. And there have been reports that grants have been cut by loads of clubs, hence the need for this new and improved membership drive.
So, show us the annuals reports of the clubs and I'll believe you.
Let's start with say the team you turned your back on, Balmain Leagues Clubs first please. Show me the $1m to footy club from leagues club please. |
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ok name 1 leagues clubs that has gone broke.
name one LC that doesnt put in millions into RL?
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ok name 1 leagues clubs that has gone broke.
name one LC that doesnt put in millions into RL?
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| Quote ="Rooster Booster"Really? Norths Leagues give around 400k. And there have been reports that grants have been cut by loads of clubs, hence the need for this new and improved membership drive.
So, show us the annuals reports of the clubs and I'll believe you.
Let's start with say the team you turned your back on, Balmain Leagues Clubs first please. Show me the $1m to footy club from leagues club please.'"
each side of the WT JV has to put in $1.5 million to support the nrl club
funny norths put in $400,000 and dont even have an nrl team
including all the LC that are linked with teams outside the nrl you can add tens of millions more for us |
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| Quote ="dally messenger"each side of the WT JV has to put in $1.5 million to support the nrl club
funny norths put in $400,000 and dont even have an nrl team
including all the LC that are linked with teams outside the nrl you can add tens of millions more for us'"
Your first sentence states that each side has to put in. That is not just Leagues Club money.
Funny Norths put in $400k, yet they are a Leagues Club not putting in $1m as you said.
You haven't shown us anything I requested yet. Waiting..... |
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| Quote ="Rooster Booster"Your first sentence states that each side has to put in. That is not just Leagues Club money.
Funny Norths put in $400k, yet they are a Leagues Club not putting in $1m as you said.
You haven't shown us anything I requested yet. Waiting.....'"
the money comes from LC
visit wests ashfield, its like a casino
i was talking about nrl sides re. 1 million |
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| Quote ="dally messenger"the money comes from LC
visit wests ashfield, its like a casino
i was talking about nrl sides re. 1 million'"
creak. There go the goalposts. [iname one LC that doesnt put in millions into RL?[/i was what you asked and I did.
Now prove it your statement. You haven't shown us any proof as yet. Come on, mouth.
I see you're adding in the other, third leagues club in the Wests Tigers JV. Prove they too put in $1m to football team rather than saying they look like a casino. |
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FFS, how is it a lie when the LC';s over the years have pumped hundreds of millions into RL clubs
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You should know all about that seeing as the damn roosters couldn't give a about juniors or anything but themselves.
You do realise that the Roosters now look after Berkeley RL and run the Sports club down here?
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| Quote ="Rooster Booster"creak. There go the goalposts. [iname one LC that doesnt put in millions into RL?[/i was what you asked and I did.
Now prove it your statement. You haven't shown us any proof as yet. Come on, mouth.
I see you're adding in the other, third leagues club in the Wests Tigers JV. Prove they too put in $1m to football team rather than saying they look like a casino.'"
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Stuff the LC's, it's about time we moved away from them and done what the fumbleballers did years ago and bring memberships in.
Good to see the Dogs have passed 10k today joining the Bunnies and Dragons in Sydney, next one to reach 10k will be Parra.
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| Quote ="dally messenger"icon_lol.gif'"
Not just no proof, but this time nothing at all. Co-incidentally, that's exactly what you add to this forum Dally. |
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