DY RSL as owners

[lurker]

Can we start a petition for DY RSL to buy the manly Sea eagles!

Hear me out before it’s shouted down. Under a registered club there isn’t nearly the squabbling or power politics because board members are elected by the members. They’re fairly stable there.

Everything is transparent. Annual reports are published!!

Last year the DY RSL made a $9.8mil profit after tax and they currently have cash at hand of approx $50mil. They know how to manage finances.

This would secure our long term future and remove most of the personality crap that seems to be involved with private ownership.

The annual report with the figures is here if anyone wants to fact check https://www.deewhyrsl.com.au/wp-content/uploads/2018/03/DYRSL_AnnualReport_2017.pdf

 

[HappilyManly]

Penn approached them years ago to secure a room on game days to replace the LC.

DY RSL rejected him and don't want to be associated with any outfit that they don't fully control

 

[lurker]

Penn approached them years ago to secure a room on game days to replace the LC.

DY RSL rejected him and don't want to be associated with any outfit that they don't fully control

I’m talking about them owning us outright. No partners, not a relationship, just them

 

[HappilyManly]

Again the problem is Brookie's location.

Both the Diggers and DT RSL are too far to attract Fans before or after a game.

And both are so full, that they really would not earn enough from extra patronage to warrant the price if the Manly Franchise

 

[ricardo]

Whilst I can see the fit geographically if I was a returned soldier I would be pretty p!ssed off about his. The club should be solely using gambling revenue to fund cheap drinks and meals, not buying dying resources.

 

[lurker]

Again the problem is Brookie's location.

Both the Diggers and DT RSL are too far to attract Fans before or after a game.

And both are so full, that they really would not earn enough from extra patronage to warrant the price if the Manly Franchise

Whilst I can see the fit geographically if I was a returned soldier I would be pretty p!ssed off about his. The club should be solely using gambling revenue to fund cheap drinks and meals, not buying dying resources.

While clubs might be founded under the banner of RSL that’s not where their funds go. They’re registered as community organisations. They provide services and money to support the community. They support countless sporting clubs.

Secondly, I believe if run right with how big the grant is now and a cap on football department spending you could probably run a football club at a profit or a minimal loss if you know how run member based organizations which they clearly do. They already have a large member base they can drive towards manly games hence reinforcing the financial future of the football club. It would be all about diversifying their revenue streams and providing a service to the community.

I think it could work

 

[nightster]

why not build a leagues club.....

 

[lurker]

why not build a leagues club.....

Because how does that help us at all? The leagues club has been run into the ground. They have no money and they aren’t going to get market share back. And it’ll be all the same personalities.

This would be a fresh start in a transparent way

 

[HappilyManly]

While clubs might be founded under the banner of RSL that’s not where their funds go. They’re registered as community organisations. They provide services and money to support the community. They support countless sporting clubs.

Secondly, I believe I’d run right with how big the grant is now and a cap on football department spending you could probably run a football club at a profit or a minimal loss if you know how run member based organizations which they clearly do. They already have a large member base they can drive towards manly games hence reinforcing the financial future of the football club. It would be all about diversifying their revenue streams and providing a service to the community.

I think it could work

But the effort required for a return on their purchase monies is not a viable financial prospect.

We locals are already members of all 3 Clubs, so not much increase in membership numbers at either the Diggers or the DY RSL

The Franchise is about $15 million to buy as a front up cost.

Running a Franchise is about $10 million. The NRL grant is only $13 million which includes the $9.4 million player salaries.

They could not justify spending $7 million a year out of their budget with very limited revenue from merchandising

The Council's hire fee of $45k per game is also a hinderance to any owner.

 

[pjayz]

It would not surprise me if they try to work with the NRL to relocate to WA as the new Perth club - didn’t they offer $10m or something to relocate/merge in the past? They pocket the cash, then they sell and pocket more cash. Double the payout.

Does the constitution allow for this - is it just the colours and sea eagle name/emblem that is protected or also where we play @HappilyManly ?

Far out - who put the tin foil hat on my head... we must be in a bad state.

 

[sheridanstand78]

DY RSL would be a good facility for our club to use. Losing the leagues club is a big nail in the coffin in relation to remaining on the northern beaches. It would be nice to see the existing club remain and the club builds upwards to increase its capacity, maybe bring in a couple of restaurants and have a proper auditorium for the fans to unwind after home games.

Silence from the owners tells me that big decisions have already been made in relation to the clubs future!

 

[lurker]

But the effort required for a return on their purchase monies is not a viable financial prospect.

We locals are already members of all 3 Clubs, so not much increase in membership numbers at either the Diggers or the DY RSL

The Franchise is about $15 million to buy as a front up cost.

Running a Franchise is about $10 million. The NRL grant is only $13 million which includes the $9.4 million player salaries.

They could not justify spending $7 million a year out of their budget with very limited revenue from merchandising

The Council's hire fee of $45k per game is also a hinderance to any owner.

K lets flesh this out. I’m not saying it’s easy but I’m saying it’s a community icon that could die. The rsl has a remit to help the community.

Football cap spend is 5.8mil
10 games a year at Brookie is $450k
Player salaries is $9.4

Total spend approx $16mil per year.
Club grant from either this year or next year is $13mil

Deficit without any activity is $3mil

Sponsorships normally account for between 1-1.5mil. Let’s say 1 cause that’s the lotto land alone one.

Deficit is now $2mil

10k memberships at an average of $100 a pop (some are a lot more, some are a little less) i think that’s a low side estimate. That’s $1mil.

Deficit is now $1mil

You can either grow memberships or consider it marketing and good will. I also haven’t factored in gate takings, merchandise, food and drink sales at the ground and have significantly undersold sponsorship. Also haven’t included money from taking games elsewhere

This isn’t a reflection of what things have been like but it is an ok representation under the brand new deal that’s been signed and started. Footy clubs can run at a profit. That’s why they brought in the football cap

 

[HappilyManly]

It would not surprise me if they try to work with the NRL to relocate to WA as the new Perth club - didn’t they offer $10m or something to relocate/merge in the past? They pocket the cash, then they sell and pocket more cash. Double the payout.

Does the constitution allow for this - is it just the colours and sea eagle name/emblem that is protected or also where we play @HappilyManly ?

Where we play, colours, name are covered.

But every agreement is only as solid as the budget you have for its legal defence - FC has $0 😕

 

[mave]

It would not surprise me if they try to work with the NRL to relocate to WA as the new Perth club - didn’t they offer $10m or something to relocate/merge in the past? They pocket the cash, then they sell and pocket more cash. Double the payout.

Does the constitution allow for this - is it just the colours and sea eagle name/emblem that is protected or also where we play @HappilyManly ?

All 3.
But how would the FC literally go about fighting any potential change from current or future owners ?

 

[lurker]

Where we play, colours, name are covered.

But every agreement is only as solid as the budget you have for its legal defence - FC has $0 😕

The state gov has approved money for infrastructure. It’s an actual budget line. They wouldn’t be happy if they decide to build something an the nrl lets the club move. It just won’t happen. AS much as it always seems like they hate us they’re not going to abandon the entire northern Sydney without a franchise

 

[mave]

The NRL need rationalisation in Sydney to grow the game nationally.

Im no tin foil wearer, but with the Sharkies seemingly financially secure, we are the least stable of the potential options for relocation, etc.

 

[HappilyManly]

K lets flesh this out. I’m not saying it’s easy but I’m saying it’s a community icon that could die. The rsl has a remit to help the community.

Football cap spend is 5.8mil
10 games a year at Brookie is $450k
Player salaries is $9.4

Total spend approx $16mil per year.
Club grant from either this year or next year is $13mil

Deficit without any activity is $3mil

Sponsorships normally account for between 1-1.5mil. Let’s say 1 cause that’s the lotto land alone one.

Deficit is now $2mil

10k memberships at an average of $100 a pop (some are a lot more, some are a little less) i think that’s a low side estimate. That’s $1mil.

Deficit is now $1mil

You can either grow memberships or consider it marketing and good will. I also haven’t factored in gate takings, merchandise, food and drink sales at the ground and have significantly undersold sponsorship. Also haven’t included money from taking games elsewhere

This isn’t a reflection of what things have been like but it is an ok representation under the brand new deal that’s been signed and started. Footy clubs can run at a profit. That’s why they brought in the football cap

I get your sentiment and would love its realization but it does not make financial sense to the DY RSL nor the Mounties.

The cost you missed is the admin cost. NRL Cap is only for the Footy Operations - coaching staff and equipment.

To this day, the Broncos are the only franchise that are in the black. Not even the Scumos and the Cows can balance their operations.

The Members of Mounties and DY RSL want their monies spent on their pet projects and not saving Manly. Better facilities, cheaper food and drinks etc

 

[lurker]

The state gov has approved money. It’s an actual budget line. They wouldn’t be happy if they decide to build something an the nrl lets the club move. It just won’t happen. AS much as it always seems like they hate us they’re not going to abandon the entire northern Sydney without a franchise

I get your sentiment and would love its realization but it does not make financial sense to the DY RSL nor the Mounties.

The cost you missed is the admin cost. NRL Cap is only for the Footy Operations - coaching staff and equipment.

To this day, the Broncos are the only franchise that are in the black. Not even the Scumos and the Cows can balance their operations.

The Members of Mounties and DY RSL want their monies spent on their pet projects and not saving Manly. Better facilities, cheaper food and drinks etc

That ignores how registered clubs work under the regulation though. Clubs don’t lower drink prices because they make profits. Case in point almost a $10mil profit for DY RSL. They are juggernauts of expansion. Administration of the football club becomes significantly less when it’s folded into the administration of a larger organization. Accounting and audit and things like that already exist. You don’t pay two CEO’s under this model. You pay a general manager of football.

It also gives you scope to cross promote and build profile and good will so that more people turn a blind eye to the blatant gouging of pokies

 

[HappilyManly]

The state gov has approved money for infrastructure. It’s an actual budget line. They wouldn’t be happy if they decide to build something an the nrl lets the club move. It just won’t happen. AS much as it always seems like they hate us they’re not going to abandon the entire northern Sydney without a franchise

When / if the grant is spent, it will be a sporting facility that could be used by any number of schools and sporting organizations on the Northern Beaches

 

[lurker]

When / if the grant is spent, it will be a sporting facility that could be used by any number of schools and sporting organizations on the Northern Beaches

Sorry if it seems I’m always disagreeing with you. I know more information than I can say.

That’s not actually true about it being used by other groups. Technically it could but they’d have to pay the upkeep and ongoing maintenance which is significant. It would also embarrass the government (they’re called nrl centers of excellence). Nrl clubs have the capital to ensure ongoing maintenance. When money is given out for infrastructure the state doesn’t pay ongoing maintenance just up front costs.