Staff payouts cost Dees, Saints

Written By Unknown on Senin, 23 Desember 2013 | 16.41

Paying out senior staff including former coach Mark Neeld hurt Melbourne's bottom line. Source: Wayne Ludbey / News Limited

MELBOURNE'S purge of senior staff cost the club more than $1.8 million in payouts this year, with the Demons racking up losses totalling $3.1 million.

And St Kilda announced a $2.6 million statutory loss - becoming the seventh AFL club to report a negative result so far in 2013.

The Saints' bottom line was also hurt because of a large payout to sacked coach Scott Watters, who was contracted for 2014.

At Melbourne, coach Mark Neeld and chief executive Cameron Schwab headed a list of key figures to be axed during a turbulent season.

DEMONS' BEST 22

SAINTS' BEST 22

The Demons also paid out $787,000 over the tanking investigation - including a $500,000 AFL fine.

The total cost of the Demons' restructure - which also saw club development manager Chris Connolly and high performance director Neil Craig forced out - was more than $2 million.

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The changes were largely bankrolled by a $1.45 million handout from the AFL, which came conditional on boardroom appointments.

Connolly copped the biggest individual punishment from the tanking probe when he was banned for 12 months.

He had signed a two-year contract extension this year, before being made redundant in October.

Melbourne's annual report blamed the club's poor on field performance - just two wins and a percentage of 54 - for "a number of commercial challenges" in memberships, match returns, sponsorship and corporate hospitality that saw a $4.4 million drop in revenue compared to 2012.

Melbourne's directors said they "look forward addressing the football and commercial challenges facing the club over the coming 12 months".

"While we received $1.45 million from the AFL to assist in funding the restructure, we incurred an additional $584,000 in costs which have been funded by the club," the report said.

"We believe the structure and people we now have in place will hold us in good stead."

St Kilda hid the full cost of the Watters' sacking in its annual report, released two days before Christmas, by including the payout in a $20 million expenses item titled Salary, Wages, Termination Expense and Other Benefits.

Scott Watters was sacked by the Saints. Source: News Limited

In his president's report, Peter Summers noted that the $2.6 million loss includes employee payouts and "costs associated with the establishment of a soon-to-be launched foundation".

"Without these two costs, the trading loss before interest and depreciation would have been closer to $430,000" Summers said.

Summers said the Saints had not applied to the AFL for special assistance and a strategic plan for 2014-18 would detail "initiatives that will drive us back to profitability".

The Saints have increased their borrowing capacity to $6.75 million after having used $4.5 million of their available $4.75 million at October 31.

The AFL has guaranteed to the full borrowing amount.

St Kilda's move to play an Anzac Day home game in New Zealand resulted in $790,000 revenue.

The Saints return to play Brisbane in Wellington next year after signing a five-year deal for Anzac Day games.

Melbourne and St Kilda join Adelaide, Brisbane, Essendon and Port Adelaide in posting seven-figure losses, with competition newcomers GWS and Gold Coast yet to report. The Western Bulldogs recorded a $140,000 loss.


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