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Essendons whopping $9.8 million loss has laid bare the financial toll of their AFL supplements debacle.A few hours after the AFL officially stripped Jobe Watson of his 2012 Brownlow Medal, the Bombers had even worse news on Tuesday night for their long-suffering fans.They confirmed the huge financial hit, which has put them just over $9 million into debt.Essendon said most of the loss relates directly or indirectly to Januarys Court of Arbitration of Sport verdict against 34 current and past players, including Watson.CAS ruled against the players over doping charges related to the clubs disastrous 2012 supplements regime.The doping bans severely weakened Essendons AFL side and they finished last.Essendon chief executive Xavier Campbell said they had a unique set of challenges this season.While we’ve been stringent in our financial operations, a number of one-off costs severely impacted the financial result,” he added.“Shortly after the CAS decision, the board and administration implemented serious measures to respond to these challenges, including a range of cost cutting measures and identifying greater efficiencies across the business.“With the abnormal costs to our business now largely behind us, we are confident that our underlying business model, debt reduction plan and strategic priorities, will return Essendon to a position of strength in the coming years.Essendon said the net additional cost of player compensation claims and legal fees was $4.5 million.Additionally, they had to fork out $1.5 million for short-term player contracts so they could field an AFL team.They also lost $3.1 million in reduced gate takings and other revenue.Essendon took another hit of $806,000 as they wrote off assets at their old Windy Hill ground.We expect debt levels to peak during 2017 and our strong cash flows from normal operations will then allow us to begin paying down the debt, Campbell added.“Despite these issues, we have taken a number of important steps to ensure a positive future for our club both on and off the field and I am confident we can now transition into a new era with a strong sense of optimism and purpose.Essendon will welcome back most of their banned players next season, including Watson.They will hold their annual general meeting on December 19. Denzel Ward Browns Jersey . Defencemen Drew Doughty, Shea Weber and forward Ryan Getzlaf also scored for the Canadians, who started their gold-medal defence 2-0. Goalie Roberto Luongo, getting the call in place of Game 1 starter Carey Price, was solid when needed in making 23 saves for the shutout. Joe Thomas Womens Jersey . The Swede became the first golfer to win the PGA Tours FedEx Cup and European Tours Race to Dubai in the same season. "It is still taking a little time to sink in what Ive achieved this week as was the case when I won the FedEx Cup but then it just kept getting better and better as the days went on and I am sure this will be the same," he said. http://www.brownsrookiestore.com/Browns-David-Njoku-Jersey/ . Nine days before the opening ceremony, organizing committee chief Dmitry Chernyshenko said Wednesday that Sochi is "fully ready" and will deliver safe, friendly and well-run games that defy the grim reports that have overshadowed preparations. Austin Seibert Browns Jersey . -- The Bishops Gaiters are showing they belong among the countrys top varsity football teams. Joe Thomas Jersey . Emery skated the length of the ice and fought an unwilling Holtby during the third period of the Flyers 7-0 loss Friday night in Philadelphia. He was given 29 penalty minutes, including a game misconduct. But Emery did not face even a disciplinary hearing with NHL senior vice president of player safety Brendan Shanahan because rules 46.Sydney Roosters head coach Trent Robinson joins Jon Wells at the touch screen to analyse his sides 38-12 victory over St Helens. The visitors ran in seven tries at Langtree Park on Friday night to kick off the 2016 series with a comfortable victory.The World Club Series continues on Saturday with Wigan Warrioors taking on Brisbane Broncos, live on Sky Sports 1 HD from 7.dddddddddddd.30pm. Also See: Roosters too strong for Saints Cunningham proud of Saints Follow @SkySportsRL Pundits ' ' '

Essendons whopping $9.8 million loss has laid bare the financial toll of their AFL supplements debacle.A few hours after the AFL officially stripped Jobe Watson of his 2012 Brownlow Medal, the Bombers had even worse news on Tuesday night for their long-suffering fans.They confirmed the huge financial hit, which has put them just over $9 million into debt.Essendon said most of the loss relates directly or indirectly to Januarys Court of Arbitration of Sport verdict against 34 current and past players, including Watson.CAS ruled against the players over doping charges related to the clubs disastrous 2012 supplements regime.The doping bans severely weakened Essendons AFL side and they finished last.Essendon chief executive Xavier Campbell said they had a unique set of challenges this season.While we’ve been stringent in our financial operations, a number of one-off costs severely impacted the financial result,” he added.“Shortly after the CAS decision, the board and administration implemented serious measures to respond to these challenges, including a range of cost cutting measures and identifying greater efficiencies across the business.“With the abnormal costs to our business now largely behind us, we are confident that our underlying business model, debt reduction plan and strategic priorities, will return Essendon to a position of strength in the coming years.Essendon said the net additional cost of player compensation claims and legal fees was $4.5 million.Additionally, they had to fork out $1.5 million for short-term player contracts so they could field an AFL team.They also lost $3.1 million in reduced gate takings and other revenue.Essendon took another hit of $806,000 as they wrote off assets at their old Windy Hill ground.We expect debt levels to peak during 2017 and our strong cash flows from normal operations will then allow us to begin paying down the debt, Campbell added.“Despite these issues, we have taken a number of important steps to ensure a positive future for our club both on and off the field and I am confident we can now transition into a new era with a strong sense of optimism