I wonder whether people would feel differently about the prospect of a refund if it meant the end of football as we know it, at least for a long period of time?
I'm no accountant but we made 4 million odd dollars last year and have about 25 million in the bank. We received a dividend of about 12 million from the AFL.
With the media rights worth about 400 million per year if there is little footy played this year that goes up in smoke and so would the dividend. We probably make 500k out of each home game on average, so there's another 6-7 million.
Straight away we are in a hole of about 14 million and that is before any accounting for sponsors wanting to revise agreements or not being able to meet commitments due to their own financial issues.
Throw in the reduced revenue from pokies and the leisure arm of the club and that 25 million in reserve has taken a huge hit.
And we are in a strong position.
Clubs in a weaker financial position may not survive, which in turn changes the entire landscape of the game. Media rights are worth less and a heap of revenue goes out of the game at a time when the AFL also has a financial crisis in every level of the game.
Footy is a small part of life, especially at the moment, but make no mistake it is under serious threat.