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Isaac

Years ago

Wildcats For Sale

Reply #813244 Report this topic

TimberBall

Years ago

Deal is off apparently. Wildcats withdrew.

Reply #813240 Report this topic

LoveBroker

Years ago

For the guys that think the Wildcats are lying about losses.

What is the pay off for lying? They are trying to sell the business, wouldn't they want to pump up the business' prospects?

The Wildcats cannot cry poor to the NBL for league equalisation payments.

They aren't on the verge of VA, but don't think they are making a huge amount of profit. They have said from the very beginning that the breakeven point for being in Perth Arena is very high, they need something like 10k crowds.

I am open to them not telling the truth, but I don't see the angle.

Reply #813102 Report this topic

koberulz

Years ago

No they don't, they have publicly said they need to make a Grand Final just to get close to break even.

No they haven't.

So last year not only did they lose gate receipts for Game 3, they had to still pay for Perth Arena.

Game 3 was in Sydney.

Reply #812988 Report this topic

Anonymous

Years ago

It's called an NDA. Either way 10million give or take is a fair price especially in this climate!

Reply #812974 Report this topic

LoveBroker

Years ago

They make a profit !?!

No they don't, they have publicly said they need to make a Grand Final just to get close to break even.

So last year not only did they lose gate receipts for Game 3, they had to still pay for Perth Arena.

They would have lost a bit last year.

Reply #812968 Report this topic

LoveBroker

Years ago

Of course it is. Indigenous people writing about indigenous matters. Must make your blood boil eh Kerri-Anne...

I have no problem with those people writing about those things, it's a free country.

I'd rather it not be :

a) presented as factual or a credible source.
b) presented to me, when I want fiction I'd rather read about dragons, white walkers, and dire wolves.

Reply #812966 Report this topic

Perthworld

Years ago

their gross profit is only floating around 1.2 million

What's the net profit?

Reply #812962 Report this topic

Anonymous

Years ago

Not pulling figures buddy, seen them with my own eyes!

Reply #812959 Report this topic

Anonymous

Years ago

Yeah that's all they are worth- their gross profit is only floating around 1.2 million a season on about 2.8 turnover. Definitely not worth anymore than 10million. You don't own a NBL team to make money! or any sports team really!

Reply #812935 Report this topic

Perth Wilburs

Years ago

Who is the glory?

Reply #812929 Report this topic

Senator11

Years ago

"Twiggy has done a lot for Twiggy."

This, I hope Jack knows what he's doing...

Reply #812910 Report this topic

LoveBroker

Years ago

Andrew Forrest has done a lot of philanthropic work.

Just a shame that a few need to invalidate that with words like stealing and exploiting.

Quoting dingo.news and welcometocountry.org as pieces of truth is just completely asinine.

Reply #812908 Report this topic

Jack Toft

Years ago

D. Martin retires, next minute the For Sale sign is in the lawn of the club....

Reply #812863 Report this topic

KET

Years ago

It won't happen, but I would love to see a consortium of West Coast Eagles, a local businessman with a bit of capital and a 'basketball mind' a bit like the Hawks have in Colangelo.

WCE are just about the only club in the AFL, perhaps aside from Collingwood that are financially very, very strong. Perth are just about the only club in the NBL capable of spending what's required to build a championship team (see Cotton) while remaining financially stable.

Joint use of facilities, savings via de-duplication of roles and resources and they would have a nice Barcelona BC/FC type setup and Perth could possibly become marginally profitable year in year out.

Reply #812849 Report this topic

Anonymous

Years ago

yes D2.0 is correct, Jack has been trying to sell the team for a while now. Wanted 9-10 million at the beginning of the 19/20 season. I know he was talking to AV to try and get a group of investors together, but that never seemed to eventuate. I think selling to Twiggy is low on his list, but you'll never know and he seems to be proactive with the Western Force and creating opps for them!

Reply #812848 Report this topic

Years ago

"only the Wildcats are consistently profitable."

Not really, they openly admitted they only come close to making a profit most years and are reliant on finals gate receipts to do it.

Reply #812847 Report this topic

LoveBroker

Years ago

And he's got plenty more indigenous people to screw over and make a buck out of for years to come. Top bloke ol’ Twiggy.

I find it incredible that those who don't do a thing to contribute to Indigenous Australiua will happily spout utter crap about others who do.

before running your mouth next time, learn to read up on what Forrest and others do to help their cause.

Start here as you'll like have trouble navigating to Google.

https://www.minderoo.org/about/

If you are having trouble ask your Dad (or who ever your Mum is currently with) for assistance with the longer words.

Reply #812824 Report this topic

D2.0

Years ago

Nah, just shoddy reporting. They are not "up for sale".
There is a deal, and it has been in the pipeline for a while.

Dr Jack heralded this well over a year ago. He wanted the deal done whilst he could still impose certain requirements on the new owners.
Which makes perfect sense. He wants to ensure the team continues its community and development work, and that the new ownership has deep pockets, just in case things go pear-shaped.

And no, I'm not claiming to know. There have been rumours, but I have NFI.

Reply #812811 Report this topic

Perthworld

Years ago

Bad time to be selling a pro sports franchise that relies on gate receipts.

Reply #812795 Report this topic

Anonymous

Years ago

This is it. American ARROGANCE, zealotry, patriotism, fascism, etc. They REALLY do believe they are superior to people from every other country in the world at everything.

I have proof of just how arrogant these American coaches are about "their basketball" and how they view players from ANY other country.

Watch this HIGHLY respected and FAMOUS American coach "analyze" international basketball's TOP LEVEL and listen to the comments he makes about it.

THIS THIS THIS is why Aussies don't get fair chances in USA. Because these INSANE American freaks actually believe this lunacy that just being non-American means you are inferior.

Just watch how completely insane and delusional this very well known American coach is.

http://www.youtube.com/watch?v=uK10JzbWcAA

THAT is how they view any non-American player, NO MATTER HOW GOOD THEY ARE.

Reply #859880 Report this topic

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