True or False ?
With cost overruns and expensive drainage works still to be done Eastern has burnt through most of their cash reserves.
Rumour heard today
Firstly i believe they still have about 3-4 months to run on the DPP with Mirvac so effectively they are getting $1mil per year for a $20mil loan on land that the club still holds the title of at the old site.
Last financials published and audited showed the club had substantial cash reserves well and truely above the $2mil mark with operating cashflow positive.