Alberton sale

[smithy]

Having a discussion with a Port supporter today about the merger situation, I mentioned the transfer of funds between the Port Adelaide Football Club and the Port Magpies in 1997 for the Alberton Ground. ($1million is the figure I heard?????)
He knows nothing about this and was quite surprised.
Did this payment actually occur and if so is it available in annual reports or online news archives ?

Thanks
Smithy

[nickname]

Port (the SANFL version) put a substantial amount into the establishment of the Power, most of which was in the form of assets, but I'm unsure if the oval was classified as one of those assets. I presume the asset would be the lease rather than the oval itself.

[Mickyj]

Doesn't the council own the oval ?

[smithy]

Sorry I should be more specific.
I was including clubrooms, training facilities, licences, leases etc etc etc.......basically the whole box and dice.
Whatever the power had to purchase from the magpies to operate at Alberton

Was there an exchange of money from PAFC to the PAMFC and if so how much ?

Sorry for any confusion.

Thanks
Smithy

[nickname]

Sorry I should be more specific.
I was including clubrooms, training facilities, licences, leases etc etc etc.......basically the whole box and dice.
Whatever the power had to purchase from the magpies to operate at Alberton

Was there an exchange of money from PAFC to the PAMFC and if so how much ?

Sorry for any confusion.

Thanks
Smithy

I believe it was the other way around. The existing PAFC (the SANFL club) put several hundred thousand dollars plus assets worth much more into the establishment of the Power. (Or, to look at it another way, Port just took this stuff with them as they moved from the SANFL into the AFL.)

[Adelaide Hawk]

Sorry I should be more specific.
I was including clubrooms, training facilities, licences, leases etc etc etc.......basically the whole box and dice.
Whatever the power had to purchase from the magpies to operate at Alberton

Was there an exchange of money from PAFC to the PAMFC and if so how much ?

Sorry for any confusion.

Thanks
Smithy

I believe it was the other way around. The existing PAFC (the SANFL club) put several hundred thousand dollars plus assets worth much more into the establishment of the Power. (Or, to look at it another way, Port just took this stuff with them as they moved from the SANFL into the AFL.)

I'm not sure that is correct. My understanding was the PAFC in the SANFL up to 1996 left the SANFL and went into the AFL. A new club was formed and based at Ethelton calling itself the Port Adelaide Magpies.

The Port Adelaide Football Club paid the Port Adelaide Cricket Club a handsome amount of money to vacate Alberton Oval and set up base at Portland (previously Riverside). As this happened, I can certainly imagine they did the same with the Port Adelaide Magpies.

Funny how the Port Adelaide Cricket Club and the Port Adelaide Magpies can get money out of the Power but nobody else can

[nickname]

I don't know about that AH because at the time, it was a SANFL condition that the Magpies would not be allowed to train at Alberton Oval at all (this was relaxed a few years later), so there wouldn't have been any need for the Power to pay the PAMFC off.
But the existing PAFC put cash and assets into the Power.

[Adelaide Hawk]

the existing PAFC put cash and assets into the Power.

Of course they did. It was them who became the Power. It's only natural they gave cash and assets to themselves.

[Barto]

I'm not sure that is correct. My understanding was the PAFC in the SANFL up to 1996 left the SANFL and went into the AFL. A new club was formed and based at Ethelton calling itself the Port Adelaide Magpies.

This has been proven time and time again to be spin by the Power to claim the "1870" history. There's no legal way that a club can leave the SANFL and play in the AFL, the court injunction back in 1990 saw to that. The Power had to be a brand new club.

PAMFC Inc, have the association number A1764, which was issued in 1951. All they did was change their name from PAFC to PAMFC at the end of 1996. They still have this association number, how can an incorporated club take someone elses licence if they are new?

PAFC (AFL) Ltd, ACN 068 839 547 was registered in 1995 and changed their name to PAFC Ltd after the Magpies changed theirs.

The Magpies were not miraculously "born" in 1997 when the "original club moved to the AFL", they're still the same old club from legal standpoint. If their supporters want to see it as that because they wanted into the AFL and out of the SANFL that's their business, but it's not the truth.

We're any of the Port players who didn't get an AFL call up at the end 1996 playing for a completely different club the following year?

[Barto]

Back to the topic, is it true that the Magpies currently own some of the assets at Alberton Oval?

[smithy]

Several years ago Wedgie did a huge write up on an other site about PAMFC receiving a million $$$$$$ from the power for all assets at Alberton Oval.

Wedgie, can you help me with this and prove that it indeed did happen and the figures are correct ?

[Barto]

Several years ago Wedgie did a huge write up on an other site about PAMFC receiving a million $$$$$$ from the power for all assets at Alberton Oval.

Wedgie, can you help me with this and prove that it indeed did happen and the figures are correct ?

If it's true, it's another nail in the coffin of "Port Power = same old club that moved to the AFL". How can they sell stuff to themselves?

[beenreal]

Several years ago Wedgie did a huge write up on an other site about PAMFC receiving a million $$$$$$ from the power for all assets at Alberton Oval.

Wedgie, can you help me with this and prove that it indeed did happen and the figures are correct ?

If it's true, it's another nail in the coffin of "Port Power = same old club that moved to the AFL". How can they sell stuff to themselves?

Then it's lucky it's not true.

Alberton is owned by the council. In 1995/96, most of the tangible assets of the Magpies were taken by the Power. Compensation was $800K, plus $300K in player transfer payments. A large chunk of this was spent in building new training/ rehab facilities at Ethelton.

[smithy]

Several years ago Wedgie did a huge write up on an other site about PAMFC receiving a million $$$$$$ from the power for all assets at Alberton Oval.

Wedgie, can you help me with this and prove that it indeed did happen and the figures are correct ?

If it's true, it's another nail in the coffin of "Port Power = same old club that moved to the AFL". How can they sell stuff to themselves?

Then it's lucky it's not true.

Alberton is owned by the council. In 1995/96, most of the tangible assets of the Magpies were taken by the Power. Compensation was $800K, plus $300K in player transfer payments. A large chunk of this was spent in building new training/ rehab facilities at Ethelton.

Thanks beenreal, that's pretty much what I was looking for.
I've had a look but have been unsuccessful, is it available online as an annual report or news archive?

[Wedgie]

Sorry smithy, it wasn't me otherwise I would have helped!

[smithy]

Sorry smithy, it wasn't me otherwise I would have helped!

No problems Wedgie, I described it as a huge write-up, but it wasn't quite that.
The post I was referring to was this one. http://www.bigfooty.com/forum/showthread.php?t=36373&highlight=magpies

Quite interesting reading some peoples thoughts on the magpie saga 8 years ago.

[smithy]

Several years ago Wedgie did a huge write up on an other site about PAMFC receiving a million $$$$$$ from the power for all assets at Alberton Oval.

Wedgie, can you help me with this and prove that it indeed did happen and the figures are correct ?

If it's true, it's another nail in the coffin of "Port Power = same old club that moved to the AFL". How can they sell stuff to themselves?

Then it's lucky it's not true.

Alberton is owned by the council. In 1995/96, most of the tangible assets of the Magpies were taken by the Power. Compensation was $800K, plus $300K in player transfer payments. A large chunk of this was spent in building new training/ rehab facilities at Ethelton.

From another site.
The Port Magpies were not actually given $1.1 million from the Power (there would be no way known the SANFL & other clubs would have allowed that).........the $1.1 million was for the transfer of the Alberton Oval Assets at the time to the Power.

So it seems that the $1.1mill figure bandied around is reasonably accurate.

[Psyber]

Sorry smithy, it wasn't me otherwise I would have helped!

No problems Wedgie, I described it as a huge write-up, but it wasn't quite that.
The post I was referring to was this one. http://www.bigfooty.com/forum/showthread.php?t=36373&highlight=magpies

Quite interesting reading some peoples thoughts on the magpie saga 8 years ago.

They got a bit heated then and it is still going on..
I tend to agree that the ABR number, precursor to the ABN, does define which is the original Port Adelaide..

[Wedgie]

Wow, no wonder I didn't remember it, almost 8 years ago. Must admit I was wrong at the time about which club was the new one, my Port mate well and truly cleared me up on that probably no long after that but the rest has stood up incredibly well and shows incredible foresight! Mind you not even in my wildest dreams then would I have thought where North might be financially 8 years later!
Ahh, to be 31 again.

[nickname]

Alberton is owned by the council. In 1995/96, most of the tangible assets of the Magpies were taken by the Power. Compensation was $800K, plus $300K in player transfer payments. A large chunk of this was spent in building new training/ rehab facilities at Ethelton.

I think you've mixed up a couple of things there br. The $800,000 went from the existing PAFC (in the SANFL) to the Power, along with $1.7m in assets.