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SKY News Sportsline Monday Night

Last night (Monday 20 September) on Sky News Sportsline during the weekly football discussion with Craig Norenbergs, Paul Wade and Damian Lovelock, Lovelock said that he had it "from a good source" that the Mariners were in financial difficulties and would be the next club in line behind the Jets to seek assistance from the FFA.

Is anyone able to shed any light on this - it came like a bolt from the blue ?
 

universalmind

Well-Known Member
We have borrowed from the FFA in the past (beyond their initial investment). Its no secret we have a real shortage of cash. Just makes it all the more important to get as many people as possible to the game.

The coast is fortunate to have its own professional football team competing in a national competition. A lot of people take that for granted.
 

starfish

Well-Known Member
"Bolt from the blue"? Break even showing on the books, dwindling crowd numbers, unable to fund W League team and committed to an expensive development for which they have no money. Sponsorship deals which see no actual cash injections to the club and election promises from a politician who has since turned around and said all promises made during the campaign are now off.
 

dibo

Well-Known Member
"Bolt from the blue"? Break even showing on the books, dwindling crowd numbers, unable to fund W League team and committed to an expensive development for which they have no money. Sponsorship deals which see no actual cash injections to the club and election promises from a politician who has since turned around and said all promises made during the campaign are now off.

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Muppet

Well-Known Member
Name me a club that is not in financial difficulties. All told I believe the figure was $25 million across the board last year. Lets hope the FFA wakes up to what is happening (yes I know) before it is too late. The way things are shaping the A League sounds like it is on its deathbed with the bleating in the media and sniping from a lot of 'football' fans. There is one way to fix it. Get out and support your local team.
 

starfish

Well-Known Member
Typical -----negative------ starfish comment!!

Not negative, just surprised that anyone would consider an announcement like that a "bolt from the blue". There was nothing in my statement that should be a surprise to anyone, and as was also said it is no secret that we have a shortage of cash and all the more reason to get as many bums on seats as possible.
 

Roy Law

Well-Known Member
Seriously doubt that the $10m promised for the CoE is at risk because all policy initiatives are off the table. It can hardly be regarded as a policy along the lines of the NBN; all parties will need to continue spending/ promising to spend.
And if our books show break-even then that is a real, and welcome, surprise.
 

dibo

Well-Known Member
and i wouldn't expect us to until the new tv deal, or unless our crowds go seriously f**king beserk sometime this year.
 

dibo

Well-Known Member
just on that though - who seriously expects sporting clubs to run at anything but sustainable (i.e. as much as the owners can afford) losses? they're not playthings of the rich and insouciant for nothing. nobody makes a small fortune out of running a football club if they start with anything other than a large fortune.
 

scoober

Well-Known Member
you just have to look at the famed EPL and see how many clubs operate at profit..... close to zero.

the bigger the club there, the more money they seem to bleed, its only the extensively vast sums of money at the owners disposal that keeps them ticking along without any question.

when the owners get in trouble like we saw at portsmouth, west ham and now liverpool, is when the teams existence becomes blurred or questioned. meaning new owners (new money)come to wipe the debt and start their investments.

Thats what a-league teams need but struggle to find. Adelaide's owner hit struggle street handed back the license which FFA have not been able to find new owners or investment, same goes for north queensland and now newcastle.

the only way to ease any clubs burden is finding those with money to waste.... i mean invest!

asia and india should be targets for investment in australian football
 

Muppet

Well-Known Member
I am not convinced that Asia and India being targets for investment in Australian Football. If I was say for instance, a Japanese or Indian Company where would I choose to stick my money? If I was Indian it would be cricket and baseball or Japan football if I was Japanese.

Having said that there is nothing wrong with trying to capture a well known "brand" i.e. LG, HSBC, Fujitsu, Nokia etc!!
 

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