UK Fan wrote:Actually I did answer above. You probably just skim read past it. Like everything else.
Slow down take it in and see if you understand it this time.
You've spent the last 8-10 pages laying the boot into sa football at every opportunity u can.
But you're not bitter or resentful towards sa football ??
Really port fan.
Not resentful towards whicker and the sanfl at all. Surely not even you are stupid enough to believe that...
Yes, sorry I did miss it. My bad.
So we've now confirmed by your admission that indeed the 16M (its closer to 14M but whatevs) consisted of mostly AFL money that was loaned to the SANFL. We're getting there UK Fan good stuff.
Since the AFL *loaned* the money, how do we think the SANFL are paying back the AFL, as in, where are they getting this money from? That's a lot of coin at a time where SANFL revenue was already pretty low. The AFL are pretty savvy operators, I don't think they'd just give it away...
Of course you and I know - the SANFL sold the license back and got in on the deal with the SMA to get Adelaide Oval gameday revenue.
Which goes ALLLLLLLL the way back to these couple of posts:
morell wrote:Just so I am clear, when Port got bailed out, do we subtract that from the 6.9 million we paid the SANFL over 15 years for our license or nah?
and
morell wrote:... and the gameday revenue from Adelaide Oval the SANFL get as part of the SMA? Do we calculate that too or nah?
You blokes all focus on one line item rather than the bottom of the balance sheet.
Which boils down to:
Port were in strife, got a cash injection from the SANFL in 2009 and 2010, needed more, the AFL stepped in and loaned some money to the SANFL to help both AFL clubs. A deal was structured whereby the SANFL would get their money back by selling the AFL license back to the clubs and AFL for a sum and then getting cut into a deal for the Adelaide Oval move. Which has generated massive amounts and ultimately balances the ledger and perhaps even turning a small profit for the SANFL out of Port Adelaide (and the Crows to be fair).
Thanks for playing UK Fan, you're a good egg.