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Mariner Financial issues

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midfielder

Well-Known Member
We keep hearing about our financial issues ... another today from TWG... http://theworldgame.sbs.com.au/news/1052216/Show-A-League-coaches-the-money

Does anyone know what financial position we are in i.e. dire, wolfs at the door, very tight, need help from FFA a little or a lot...

Anyway another article where our financial status is mentioned ..

The A-League’s two most successful coaches last season – Ange Postecoglou and Graham Arnold – were among the lowest paid in the competition.


Brisbane Roar double-winning mentor Postecoglou and Central coast Mariners’ championship runner-up Arnold accrued combined wages of $400,000 between them.

The best-paid coach was Melbourne Heart’s Dutch boss John van’t Schip, who earned in the region of $700,000 at the helm of the competition newcomer, which finished eighth on the ladder.

Also way above Arnold and Postecoglou on the pay league table was Sydney FC’s Vitezslav Lavicka, who landed a one-year contract extension on his $500,000 contract despite the 2009-2010 champion finishing ninth.

Ex-North Queensland Fury front-man Franz Straka ($400,000), two-time title winning former Melbourne Victory boss Ernie Merrick ($300,000) and Newcastle Jets’ Branko Culina – whose salary jumped to $300,000 following the take-over of the club by multi-millionaire mining magnate Nathan Tinkler – were all well remunerated for their services.

Adelaide’s Rini Coolen joined the club on modest contract worth just under $200,000. Although it is believed the Dutchman could earn up to $500,000 next season under a bonus-laden upgraded long-term deal.

It’s thought Gold Coast United’s colourful coach Miron Bleiberg, a man worth in excess of $8 million through his own business portfolio, earns around $300,000 in his unconventional handshake agreement with minerals heavyweight Clive Palmer, Australia's fifth richest man.

Ricki Herbert, who has guided Wellington Phoenix to successive finals campaigns, is understood to be on a $230,000 package.

The pauper of the league is Ian Ferguson, who for $150,000 took on the job of reviving Perth Glory from Dave Mitchell after nine games of last season.

On signing a new deal, Postecoglou received a post-season pay rise of close to $100,000 from FFA – interim owners of Roar – in recognition of his record-setting season.

Arnold, with the Mariners beset by financial woes, will be unlikely to get a salary hike unless significant new investment in the club is forthcoming.

Professional Footballers Association chief Brendan Schwab contends both Arnold and Postecoglou (on last season’s packages) are under-valued commodities.

“If the rates of pay being stated for both last season are accurate then they are certainly seriously underpaid,” he told The World Game.

“Both of them have added significant value to the competition as a whole in terms of the technical quality of their teams.

“Their roles are crucial to the league and they both give cachet to the competition.”

Schwab does not support any calls for a player-style salary cap for coaches.

“We don’t take the view at all that any coach in the A-league is overpaid.

“A cap on coaching would be harmful to the competition. Clubs simply have to make prudent financial decisions.”

Schwab would like the A-league reach a level where a coach of the stature of former Adelaide United boss Aurelio Vidmar did not feel compelled to quit the club to become an assistant to Holger Osieck with the Socceroos.

“Can you imagine Harry Redknapp quitting Tottenham to become the No.2 for the England national team. It could never happen,” Schwab said.

“It must be a goal of the A-League to evolve to a state where such a things wouldn't happen here either.”
 

elevated position

Well-Known Member
Like most clubs we probably are stretched for cash however the club in their lack of tranparency and woeful communication skills allow the image of us being in trouble to continue. How would you feel if you were a sponsor or a potential sponsor and you keep reading about the possible demise of the club (at any stage) would you put your money in?
 

dibo

Well-Known Member
Surely there's a great opportunity here for your classic white knight situation.

For $x million p/a you keep alive the one club that has a plan to provide revenue from non football sources into the longer term etc.

If they were really smart they'd try to take over the stadium too, and run the Bears operation. We need a Nathan Tinkler type.
 

bikinigirl

Well-Known Member
Like most clubs we probably are stretched for cash however the club in their lack of tranparency and woeful communication skills allow the image of us being in trouble to continue. How would you feel if you were a sponsor or a potential sponsor and you keep reading about the possible demise of the club (at any stage) would you put your money in?

. i understand your comment about sponsors ... but the 'lack of transparency' is no different to any other privately held interest (or public in many cases). of course mick's point is valid and could make things even worse with sponsors

. considering many don't even share their financial situation with their family its a big ask to go 'public' with your financial situation
 

MrCelery

Well-Known Member
To counter the doom and gloom, stories like this suggest that there is still life in the Club:

Walter coasts to top

Great to see yet again how the Club is operating far and wide.

If FFA let a club like CCM fold, which is a model of professionalism, then the A-League is doomed.
 

elevated position

Well-Known Member
now how hard would it have been for the club to put that up and keep us plebs in a minor picture of the club.

With Dibo"s thought I agree as I think the coast can't or won't support the two clubs unless they are linked.
we just don't have the population for the continual roll out of new members.

I think the Bears if in will suffer the same fate after an initial spurt.
 

elevated position

Well-Known Member
just some questions for anyone who can answer.
1. Is the Fed Gov grant for the COE subject to a time limit (use it or lose it).
2. Is the Trust for the COE a Trust held for the (Mariner) Community / or is it a private trust where some shrewd operators have convinced the RSL, Wyong Council and State and Federal Govs to invest in the name of the Mariners.
 

bilo

Well-Known Member
just some questions for anyone who can answer.
1. Is the Fed Gov grant for the COE subject to a time limit (use it or lose it).
2. Is the Trust for the COE a Trust held for the (Mariner) Community / or is it a private trust where some shrewd operators have convinced the RSL, Wyong Council and State and Federal Govs to invest in the name of the Mariners.

Point 2 is correct. Do a company search (easily enough done). They are two seperate entities, with two different shareholding makeups with the only consistent between the two being Peter Turnball. There is absolutely no Gauranteee that the Mariners Football Club has to get anything from the COE. For example if the Indonesions (or some other group) acquired the Mariners Football Club and Turnball was kicked out of the Football Club then the COE would still be his (and a few other investors) as it does not belong to the Mariners Football Club.

The complex at Tuggerah is privately owned separate from the Mariners Football Club and they have lobbied the Government for funding for a private venture. One of the directors of the Trust is McCabe (from Sheffield United) from the UK so we have really used Government (taxpayers) money to help a foreigner build his property portfolio and there is no Guarantee our club will get anything from it. Hopefully it all works out but we are a long way from this happening.

In the end the average punter has absolutely no clue what is happening as it is a private group. For example, soccer 5's starts shortly, does the money for running that business go to the Mariners Football Club? I would very much doubt it. I imagine it goes to the trust.

I wouldnt be hanging my hat on the fact that the COE will be the saviour for the Mariners.
 

scottmac

Suspended
Point 2 is correct. Do a company search (easily enough done). They are two seperate entities, with two different shareholding makeups with the only consistent between the two being Peter Turnball. There is absolutely no Gauranteee that the Mariners Football Club has to get anything from the COE. For example if the Indonesions (or some other group) acquired the Mariners Football Club and Turnball was kicked out of the Football Club then the COE would still be his (and a few other investors) as it does not belong to the Mariners Football Club.

The complex at Tuggerah is privately owned separate from the Mariners Football Club and they have lobbied the Government for funding for a private venture. One of the directors of the Trust is McCabe (from Sheffield United) from the UK so we have really used Government (taxpayers) money to help a foreigner build his property portfolio and there is no Guarantee our club will get anything from it. Hopefully it all works out but we are a long way from this happening.

In the end the average punter has absolutely no clue what is happening as it is a private group. For example, soccer 5's starts shortly, does the money for running that business go to the Mariners Football Club? I would very much doubt it. I imagine it goes to the trust.

I wouldnt be hanging my hat on the fact that the COE will be the saviour for the Mariners.

Seems a very pessimistic view of the situation.

The fact that the COE is a centre of excellence for football and not property development should set anyones mind at ease. The success of the Trust can only spell good things for the the Mariners football club. We have already gained a place to train and soon there will be a sports science centre which we can benefit from as well not to mention the fact that we as supporters will have a home to congregate at during away matches which has our name on the door.

Also if successful would be the ideal candidate for sponsorship if there is no major financial connection otherwise.
 

bilo

Well-Known Member
Seems a very pessimistic view of the situation.

The fact that the COE is a centre of excellence for football and not property development should set anyones mind at ease. The success of the Trust can only spell good things for the the Mariners football club. We have already gained a place to train and soon there will be a sports science centre which we can benefit from as well not to mention the fact that we as supporters will have a home to congregate at during away matches which has our name on the door.

Also if successful would be the ideal candidate for sponsorship if there is no major financial connection otherwise.

Agree with all of your comments and it certainly is great for the coast. I didnt mean to sound pessimistic. My point was I wouldnt bet on it solving the Mariners financial troubles. I dont think it is going to drive revenue into the Football Club.
 

elevated position

Well-Known Member
Also if successful would be the ideal candidate for sponsorship if there is no major financial connection otherwise.
The connection for Turnbull and co would be for the COE to supliment their financial backing of the Mariners and that is a fair and good way to look at the involvement as once set up, the COE will not survive(long term) without the connection with the Mariners or other sporting body and that is why they are becoming landlords the same as Westfields Frank Lowy.

Funny there is a grant scheme being promoted at the moment with grants from $500k to $25m for business's that
are well advanced in their projects I wonder if the COE is chasing that as well?
 

Roy Law

Well-Known Member
The CoE was originally touted as a way of making the Mariners financially viable; at the time it was going to be privately funded. The GFC made that funding very difficult to achieve and the project is at least a year behind original forecast. Government involvement, local and federal, may mean some of the perceived profit will be less but at least it is going ahead. I don't know what 'hold' Wyong Council would have over the other stakeholders if they wanted to bail out.
The real positive is that Peter Turnbull is doing everything he can to keep the CoE dream afloat at the same time as managing the financial problems of the Mariners. it's no easy task and we should be grateful to him.
 

Bex

Well-Known Member
Yes, and I assume that structure also means that if the CoE goes broke, the CCMFC is not liable.
 

style_cafe

Well-Known Member
I called in to Tuggerah today & the C of E still hasn`t started.

I would imagine that the ultimate goal would be to build a decent 20k seat stadium there for the Mariner`s.
It wouldn`t have the same scenic beauty as Bluetongue but it is close to the railway & freeway

Imagine the extra income if :-
a) we didn`t have to hire Bluetongue
B) we retained the revenue from the catering at matches
c) we had the alcohol revenue
d) we had the supplementry hire charges etc.

Certainly food for thought.
 

Roy Law

Well-Known Member
Now that would put a political cat among the pigeons if Wyong Council support a 20k stadium rivalling Bluetongue:) Better hope the Central Coast Super Council doesn't eventuate
 

Paul C

Member
I called in to Tuggerah today & the C of E still hasn`t started.

I would imagine that the ultimate goal would be to build a decent 20k seat stadium there for the Mariner`s.
It wouldn`t have the same scenic beauty as Bluetongue but it is close to the railway & freeway

Imagine the extra income if :-
a) we didn`t have to hire Bluetongue
B) we retained the revenue from the catering at matches
c) we had the alcohol revenue
d) we had the supplementry hire charges etc.

Certainly food for thought.

Absolutely agree.

At this stage I think 20k stadium would be too big though, we struggle to get 10k plus to games. Why not do a 10k (maybe 12k) stadium with expansion capablilites to go to say 20-25k in the future. Try and get every game sold out, imagine the atmosphere of a sell out every game, would make going to the games something people would really "fight" for. Would also make getting a membership pretty valuable and highly desirable. I am getting very feed up with going to watch games at Bluetongue were only 6000 or 7000 people show up, there are over 8000 registered Under 16's playing on the coast! What is wrong with our supporters.

Make a stadium at Tuggerah, own it, keep the money in the club and start getting into a good cashflow position. Not that EPL clubs are necessarily cash positive, however, most of them from what I know own their stadiums and they are purpose built for football!

Thats my 2 cents for today anyway...

---- (check out soccerisfootball.com.au for local football news and training ideas) ----
 
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