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Mariners Financial Crisis in the Daily Tele

Nathan Byrn

Well-Known Member
Mariners new mascot(s)

matryoshkas-dolls.jpg
Better than the existing one!!
 

Marquee

Well-Known Member
Bloke from the Sydney forum (who is usually a very good source) reckons they were interested but we couldn't make it work. The whole situation is quite familiar and resonates with the fact the current investors are too concerned about losing their money. I get the feeling we will hit rock bottom before Singo rescues us. Many certainly predicted it a long time ago.
 

midfielder

Well-Known Member
Bloke from the Sydney forum (who is usually a very good source) reckons they were interested but we couldn't make it work. The whole situation is quite familiar and resonates with the fact the current investors are too concerned about losing their money. I get the feeling we will hit rock bottom before Singo rescues us. Many certainly predicted it a long time ago.

Cannot see anything wrong with this logic.... TBH would much rather Singo if nothing else he is a CC person... given he owns the stadium the cost of stadium hire is in one pocket and out the other...
 

pjennings

Well-Known Member
Part of an interview by Lowy in the Telegraph points to the size of our problems.

http://www.dailytelegraph.com.au/sport/soccer/daily-telegraph-sports-editor-at-large-phil-rothfields-exclusive-interview-with-ffa-chairman-frank-lowy/story-e6frey4r-1226283374013


Rothfield: But they are saying they lose upwards of $25 million a year.

Lowy: Some clubs run their businesses with only a $750,000 deficit. And they are on top of the league. Other clubs spend millions more because the management isn't as good. If you run your club properly and don't overspend you can exist. With the next TV deal, our objective is to pay the clubs their salary cap or close to it.
 

Marquee

Well-Known Member
If that is our deficit then that's not too bad. The Griffiths deal will be huge for us.

New TV deal + eventual revenue from COE might mean we can cover our costs and continue to exist without investment.
 

style_cafe

Well-Known Member
I think the Russians are dead in the water so to speak.
If they haven`t moved in over two months then they won`t move at all..
Time to move on & maybe work on MR.Primo for a few more salamies. :thumbup:
 

Roy Law

Well-Known Member
Selling Rostyn must provide some breathing space for our financial woes and underlines what Lowy is saying - we are a very well run club without the benefit of billionaire owners. I don't mind if we survive under our own resources and challenge for the major titles and win the NYL from time to time and introduce brilliant youngsters like Amini, Ryan, Ibini, Rogic and Duke and develop a CoE. :eek:verhead:
I mean, we could be Gold Coast or Sydney...
 

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