pickard drops offer

according to ch 9 news on now, pickard has dropped the offer to the magpies & it is only for the power, surely this is a bigger kick in the guts than the merger vote was
Apachebulldog wrote:This whole saga is starting to becoming a farce and one big con job.
Its becoming obvious now that this is all about saving the PAFC ( Power ) and not the Maggies.
To me it seems after reading all this information that the Power are in dire financial trouble.
I still do not understand why the AFL with all its millions of dollars and after propping up numerous VIC FOOTY CLUBS are not giving financial assistance to the Power i know the SANFL own the licence but why should they bail them out ????
dedja wrote:Apachebulldog wrote:This whole saga is starting to becoming a farce and one big con job.
Its becoming obvious now that this is all about saving the PAFC ( Power ) and not the Maggies.
To me it seems after reading all this information that the Power are in dire financial trouble.
I still do not understand why the AFL with all its millions of dollars and after propping up numerous VIC FOOTY CLUBS are not giving financial assistance to the Power i know the SANFL own the licence but why should they bail them out ????
<set broken record> = ON
Because the fate of the Power is largely with the SANFL which makes a sh*tload of cash out of Power home games at AAMI stadium. Why would the AFL bail out the Power when the SANFL can do it with a fairer stadium deal.
The SANFL is in a unique position (like in the West) where they own the AFL licences and the stadium. No Victorian team (other than Geelong) is in that position.
Psyber wrote:I thought the whole point of the SANFL taking up the licences in the AFL was to make money for the SANFL and its teams.
They are not there to ensure profits for the Crows and Power to the detriment of the SANFL teams.
Perhaps the SANFL should run both licences directly as non-profit organisations, and if the Port franchise is not paying get a new franchisee...
What I said above was that the AFL teams were there for the SANFL to make money with, and that is how the SANFL makes the money....dedja wrote:LOL, and how do the SANFL make money without the AFL teams?Psyber wrote:I thought the whole point of the SANFL taking up the licences in the AFL was to make money for the SANFL and its teams.
They are not there to ensure profits for the Crows and Power to the detriment of the SANFL teams.
Perhaps the SANFL should run both licences directly as non-profit organisations, and if the Port franchise is not paying get a new franchisee...![]()
What part of the fact that the SANFL makes a killing out of the Crows and Power is not easily understood. It's just that the Crows are better at generating more revenue for the SANFL than the Power because of their greater appeal and attendances.
Is it so hard to get over what happened 20 years ago for some?
To put it more simply, I wasn't suggesting the SANFL shouldn't make a profit out of the AFL teams, but that the teams themselves need not hold profits if the SANFL ran them directly, controlled their expenditure, then put back enough to balance their books each year. I was suggesting the quasi-independence was where the problems arose.dedja wrote:I give up!![]()
Macca19 wrote:yawn
The SANFL would generate over $30 million in revenue from AFL games played at AAMI stadium. The SANFL clubs see at most $4 million of that combined. Wouldnt be all that hard for the SANFL to give the clubs a fairer deal and either keep the current dividends or even improve it. The SANFL keeps too much for itself. Not for the SANFL clubs, but for itself.
This is the reason why the AFL wont bail out Port. Its not up to them. They arent the ones taking $12 million from Port home games.
The talk of that the two AFL clubs were set up only to make money for the SANFL teams is silliness. That hasnt exactly happened now has it.
redandblack wrote:macca, what is the source for your figures, please.
I think they're very rubbery.
I'd say the current SANFL financial position is not as healthy as you think and much of their profit is being ploughed back into propping up the Power.
The Apostle AK wrote:I'm surprised nobody here hasn't asked the question of when is the SANFL going to cut the Power free...4.5 million loss in the last 2 years and another 2.6 million this year...
The Apostle AK wrote:I'm surprised nobody here hasn't asked the question of when is the SANFL going to cut the Power free...4.5 million loss in the last 2 years and another 2.6 million this year...