Adelaide Hawk wrote:dedja wrote:UK Fan wrote:Maybe if Port actually paid its dividends. We wouldnt have to go thru all this.
Interesting the SANFL has done so much for Port. For so little gratitude.
Like AH I think you've missed the point ...
I haven't missed the "point" at all. North Adelaide are wondering why Port Adelaide should be bailed out all the time when the clubs are getting nothing from them. So am I. I can't give a stuff what the SANFL get out of it, I care about my club.
When my club was really struggling financially, who was there to help us?
Sigh ... as I understand the original argument (yet to be confirmed by the way), NAFC are seeking (through legal means) to stop the SANFL from providing debt relief funding to PAFC which they believe would be detrimental to (at least) some of the SANFL clubs. I provided a view that PAFC provide a significant financial contribution to the SANFL through their home games at Footy Park and ultimately, this contribution finds its way to the SANFL clubs by the annual distribution of funds from the SANFL.
I am reading into your comments (please advise me if I'm incorrect) that you believe that the only way PAFC can ultimately contribute financially to the SANFL clubs is via a dividend payment to the SANFL, and because (again my interpretation only) you believe that PAFC haven't contributed strongly with dividend payments since their inception, that they don't provide a financial contribution to the SANFL clubs. My argument is that regardless of the lack of a divident payment, PAFC indirectly provide a significant revenue stream which benefits the SANFL clubs (revenue stream of say, $10M per annum - happy for someone else to verify).
I'm proposing that to let PAFC become insolvent will deprive the SANFL of say $10M per year, of which a portion would be lost to the SANFL clubs ... hence no PAFC would cause financial hardship for all SANFL clubs.
Hopefully this answers your first point above.
In regards to the second point about assistance to your club, that's a matter you should be asking the SANFL. My position on this is that the SANFL can provide the approriate financial (or other) assistance. If they elect not to, then that's their decision, not because there isn't enough funds (because there is) nor is it the fault of the AFL licencees (AFC & PAFC) because they have provided a revenue stream for the SANFL to draw from.
My comments are from an unemotional point of view ... I hate Port (both teams) as much as anyone, but I'm a realist and try to work within the current constraints.
If my views are inconsistent and don't make sense, then happy to hear an alternative view about where I have erred.
Dunno, I’m just an idiot.