SANFL Finances

2012 Annual Report Page 84 has the finance statement - http://www.sanfl.com.au/files/_system/F ... AR2013.pdf
For those who are fluent in financial, can you explain in English what position the SANFL is in.
Financial hardship seems to be the key reason clubs could vote for the Reserves in the SANFL.
From a simpletons viewpoint, the SANFL has West Lakes to do with as it pleases, two AFL licenses it can potentially sell, income from SMA.
It would seem to me these things could be used to give financial strength to all SANFL clubs, and therefore the decisions to be made about the SANFL's future should be purely what is best for the game and the league.
What will the SANFL do with West Lakes and what position will that put them in financially currently and in the future?
What will the SANFL do with the AFL licenses and what position will that put them in financially currently and in the future?
What will the SANFL get out of the SMA and what position will that put them in financially currently and in the future? What are the risks?
For those who are fluent in financial, can you explain in English what position the SANFL is in.
Financial hardship seems to be the key reason clubs could vote for the Reserves in the SANFL.
From a simpletons viewpoint, the SANFL has West Lakes to do with as it pleases, two AFL licenses it can potentially sell, income from SMA.
It would seem to me these things could be used to give financial strength to all SANFL clubs, and therefore the decisions to be made about the SANFL's future should be purely what is best for the game and the league.
What will the SANFL do with West Lakes and what position will that put them in financially currently and in the future?
What will the SANFL do with the AFL licenses and what position will that put them in financially currently and in the future?
What will the SANFL get out of the SMA and what position will that put them in financially currently and in the future? What are the risks?