Ronnie wrote:Football in this state has certainly changed. The SANFL used to be prized by all and sundry as an example of what a rich football competition looks like.
Now i read in yesterday's Sunday Mail where Jesper Felstead, under the guise of putting Port Power's case for financial redemption, questions why the SANFL should remain the second best comp in the land. According to Jesper, who really cares if the players find their way to the AFL? This is staggering thinking, and while i don't rate him as a quality journalist i still find it troubling that this thinking has crept into parts of the mainstream media. It really underscores a lack of appreciation of what makes football tick in this state and the battle that the SANFL are facing to keep the comp at a quality standard.
100% correct.
Still you cant argue with these AFL fans/Advertisers logic. They have produced a very well balanced argument. NOT!!!!!
SANFL clubs have an independent audit which proves "Port has been living well over its means for many years". To refute this claim we get 2008 total expenditure figures for every AFL club. Which shows Port 4th lowest.
And that proves they have not overspent for the last 5 seasons. How it does I have no idea.
Interesting we have not seen Ports revenue figures incomparison to its expenditure figures in over a week. Some interesting accounting going on.
And so now due to this negligence the SANFL has to cut its profit margin at AAMI stadium which the SANFL completely financed the building of plus numerous extension to increase capacity.
The SANFL paid 4 million dollars for a licence which it sold to Port in 1997 with repayments agreed upon and suppose to be settled 2 seasons ago . Port Adelaide now dont think they need to pay it back cos the AFL didnt charge Gold Coast 13 seasons later. Relevance ???
Port Adelaide give the SANFL 4 mill a year. SANFL has given to Port ??? not one cent I guess we are suppose to believe.
SANFL salary cap for the leagues 9 club approx $3 mill.
Port Adelaide salary cap alone $8 mill +. And we should cut our salary cap. Interesting.
NOw Ill go back to my the point everyone keeps avoiding. Lets say Port gets a bigger slice of the pie. What is to say they wont do this again and in 5 years demand an even bigger slice of the pie.It would be completely financially irresponsible of the SANFL to enter any negotiations with the PAFC about increasing revenue without putting any controls on their expenditure.
PAFC debt $5 mill. Total Assets $17 mill.
And they are forecasting another $12 mill to write off(total debts $17 mill). But they are in a sound position ??? Im sure anyone who works in finance would have to disgree with that claim.
I also dont think it is safe to assume the TV deal will be more. Due financial crisis and there will be 2 extra teams starting and the pie will need to be divided up including some extra provision for them.
Its a very balanced argument you Cornesys make. NOT.