First profit for the club

Wests Tigers Discussion
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Cultured Bogan
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Re: First profit for the club

Post by Cultured Bogan » Fri 07 Dec, 2018 8:18 am

innsaneink wrote:
Fri 07 Dec, 2018 5:49 am
steve-o wrote:
Fri 07 Dec, 2018 5:41 am
Gus’s decision to sack Ivan Cleary and the decision to re-hire him has cost the Panthers millions. I’m surprised there’s not more backlash about it
Gus must have friends in high places in the media... I remember us getting hammered in the media... Wrongly as well... based on nothing more than speculation... On our financial decisions not too long ago.... Hello tunksy, you turd
Met him a few weeks back, struck me as a bloke who is pathetically bitter about not getting more out of the game financially. He doesn't ham it up for 2SM... He was constantly talking about how much better it was in his day, they played for the love, they got nothing out of it financially, they're softer now...

He is just a miser that the game has grown and instead of being happy with his part he played in growing the game he laments that he didn't get more meat off the bone.
"This club means a lot to me and I really love this club, I love playing here, I love playing with all of the boys, it's what I've known for pretty much all of my life and I'm happy to be here." - Luke Brooks.

Cuando llegue el día, y estoy parado a las puertas del cielo, será Dios pidiendo mi perdón...


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willow
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Post by willow » Fri 07 Dec, 2018 6:38 pm

Wests Tigers in the black for first time in club's history
By Christian Nicolussi
7 December 2018 — 4:13pm

The Wests Tigers have gone from posting a $4.6 million loss in 2016 to rounding out 2018 with a $100,000 profit - and the club did not even play in the NRL finals.

As rivals Cronulla announced a $3 million loss a couple of weeks ago, the joint-venture club have finished in the black for the first time in their 20-year history.

And it was the Ivan Cleary drama that spectacularly led to a late flurry of support from the business sector.

Tigers chief executive Justin Pascoe said the club's goal was to end their seven-year absence from September, but off the field the club was more than punching above its weight.

It was not that long ago there was a push to have the Tigers relocated to Perth.

The Tigers finished with a $4.6 million loss in 2016 and a $2.4 million loss in 2017 before the recording a profit this year. Membership also rose from 14,767 in 2016 to 20,709 this season, with forecasts of more than 23,500 in 2019.

The club are also pushing hard to have a women's team included in the Tarsha Gale Cup.

Pascoe would love the Tigers to become "the most financially successful NRL club in Sydney".

As for the Cleary drama, Pascoe told the Herald: "The way we handled the Ivan situation, it impressed a lot of businesses, and we were quickly inundated with support because of the professionalism we showed.

"We had about $2 million worth of commercial growth, but more than $1 million was invested back into the club.

"It's pretty remarkable considering we're a club who hasn't played finals. That's our absolute intent next year, to play finals, and not just next year but to play it every year."

Pascoe returned from a recent trip to the US where he toured different sporting organisations, and they could not believe the competition among clubs in such a small market like Sydney.

"The Braves were talking about their financial success and how they were driving their income, and they said they were fortunate because a couple of states around them did not have an allocated baseball team, so they aligned themselves with us," Pascoe said.

"When I told them we had 20 professional sporting organisations within 30 miles of Sydney, they nearly fell off their chair and asked, 'how do you compete?' It's a challenge but I've always said we wanted ot re-engineer, not rebuild this club.''

While the front office is in order, Pascoe knows the fans are more concerned about on-field performances.

The long-term signing of Luke Brooks, the signing of new coach Michael Maguire and a fit again Josh Reynolds are reasons for hope.

The club also have until June 30 to fill the final spot on their 30-man roster, and have made it known they are in the market for an outside back.

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Post by Seantice » Fri 07 Dec, 2018 6:52 pm

willow wrote:
Fri 07 Dec, 2018 6:38 pm
Wests Tigers in the black for first time in club's history
By Christian Nicolussi
7 December 2018 — 4:13pm

The Wests Tigers have gone from posting a $4.6 million loss in 2016 to rounding out 2018 with a $100,000 profit - and the club did not even play in the NRL finals.

As rivals Cronulla announced a $3 million loss a couple of weeks ago, the joint-venture club have finished in the black for the first time in their 20-year history.

And it was the Ivan Cleary drama that spectacularly led to a late flurry of support from the business sector.

Tigers chief executive Justin Pascoe said the club's goal was to end their seven-year absence from September, but off the field the club was more than punching above its weight.

It was not that long ago there was a push to have the Tigers relocated to Perth.

The Tigers finished with a $4.6 million loss in 2016 and a $2.4 million loss in 2017 before the recording a profit this year. Membership also rose from 14,767 in 2016 to 20,709 this season, with forecasts of more than 23,500 in 2019.

The club are also pushing hard to have a women's team included in the Tarsha Gale Cup.

Pascoe would love the Tigers to become "the most financially successful NRL club in Sydney".

As for the Cleary drama, Pascoe told the Herald: "The way we handled the Ivan situation, it impressed a lot of businesses, and we were quickly inundated with support because of the professionalism we showed.

"We had about $2 million worth of commercial growth, but more than $1 million was invested back into the club.

"It's pretty remarkable considering we're a club who hasn't played finals. That's our absolute intent next year, to play finals, and not just next year but to play it every year."

Pascoe returned from a recent trip to the US where he toured different sporting organisations, and they could not believe the competition among clubs in such a small market like Sydney.

"The Braves were talking about their financial success and how they were driving their income, and they said they were fortunate because a couple of states around them did not have an allocated baseball team, so they aligned themselves with us," Pascoe said.

"When I told them we had 20 professional sporting organisations within 30 miles of Sydney, they nearly fell off their chair and asked, 'how do you compete?' It's a challenge but I've always said we wanted ot re-engineer, not rebuild this club.''

While the front office is in order, Pascoe knows the fans are more concerned about on-field performances.

The long-term signing of Luke Brooks, the signing of new coach Michael Maguire and a fit again Josh Reynolds are reasons for hope.

The club also have until June 30 to fill the final spot on their 30-man roster, and have made it known they are in the market for an outside back.
As a fan finals would be nice, but the organisation being in the black is more important. If they continue to be successful on field will be successful.

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Post by kiwitiger » Sat 08 Dec, 2018 5:21 am

Seantice wrote:
Fri 07 Dec, 2018 6:52 pm
willow wrote:
Fri 07 Dec, 2018 6:38 pm
Wests Tigers in the black for first time in club's history
By Christian Nicolussi
7 December 2018 — 4:13pm

The Wests Tigers have gone from posting a $4.6 million loss in 2016 to rounding out 2018 with a $100,000 profit - and the club did not even play in the NRL finals.

As rivals Cronulla announced a $3 million loss a couple of weeks ago, the joint-venture club have finished in the black for the first time in their 20-year history.

And it was the Ivan Cleary drama that spectacularly led to a late flurry of support from the business sector.

Tigers chief executive Justin Pascoe said the club's goal was to end their seven-year absence from September, but off the field the club was more than punching above its weight.

It was not that long ago there was a push to have the Tigers relocated to Perth.

The Tigers finished with a $4.6 million loss in 2016 and a $2.4 million loss in 2017 before the recording a profit this year. Membership also rose from 14,767 in 2016 to 20,709 this season, with forecasts of more than 23,500 in 2019.

The club are also pushing hard to have a women's team included in the Tarsha Gale Cup.

Pascoe would love the Tigers to become "the most financially successful NRL club in Sydney".

As for the Cleary drama, Pascoe told the Herald: "The way we handled the Ivan situation, it impressed a lot of businesses, and we were quickly inundated with support because of the professionalism we showed.

"We had about $2 million worth of commercial growth, but more than $1 million was invested back into the club.

"It's pretty remarkable considering we're a club who hasn't played finals. That's our absolute intent next year, to play finals, and not just next year but to play it every year."

Pascoe returned from a recent trip to the US where he toured different sporting organisations, and they could not believe the competition among clubs in such a small market like Sydney.

"The Braves were talking about their financial success and how they were driving their income, and they said they were fortunate because a couple of states around them did not have an allocated baseball team, so they aligned themselves with us," Pascoe said.

"When I told them we had 20 professional sporting organisations within 30 miles of Sydney, they nearly fell off their chair and asked, 'how do you compete?' It's a challenge but I've always said we wanted ot re-engineer, not rebuild this club.''

While the front office is in order, Pascoe knows the fans are more concerned about on-field performances.

The long-term signing of Luke Brooks, the signing of new coach Michael Maguire and a fit again Josh Reynolds are reasons for hope.

The club also have until June 30 to fill the final spot on their 30-man roster, and have made it known they are in the market for an outside back.
As a fan finals would be nice, but the organisation being in the black is more important. If they continue to be successful on field will be successful.
It's interesting you say that seantice. A small profit yes but if they are hoarding away millions that could be spent on improving the football team the club has a problem. They are there to win footy games after all.

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Post by fibrodreaming » Sat 08 Dec, 2018 9:17 am

Not sure I understand your point Kiwitiger. Pascoe was quoted saying:

"We had about $2 million worth of commercial growth, but more than $1 million was invested back into the club."

Pascoe is saying that they reinvested $1m, not that they are sitting on it. It would be interesting to know how they reinvested the money. Presumably they would be team-related investments, rather than improving the carpet and soft furnishings at head office.


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Post by Ags » Mon 10 Dec, 2018 9:11 pm

There is no reason we should be battlers, south west sydney being a huge growth area and all...

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Post by Seantice » Mon 10 Dec, 2018 10:51 pm

fibrodreaming wrote:
Sat 08 Dec, 2018 9:17 am
Not sure I understand your point Kiwitiger. Pascoe was quoted saying:

"We had about $2 million worth of commercial growth, but more than $1 million was invested back into the club."

Pascoe is saying that they reinvested $1m, not that they are sitting on it. It would be interesting to know how they reinvested the money. Presumably they would be team-related investments, rather than improving the carpet and soft furnishings at head office.
Cash for the COE? We have to provide 10 million don't we? That includes the government funding..

Anyway reinvesting it is a must facilities need to be improved.

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