Booney wrote:No, that's not it.
From the CEO :
Dear Members, Supporters and Partners,
Historic Financial Milestone: Debt Cleared
On 31 October, the club achieved a significant milestone – paying off the final $1m of historical debt.
From a peak debt of $12.5 million post-COVID, we've rebuilt a strong financial position largely through the wonderful support of our members and commercial partners, allowing us to build the financial base needed to fully fund our football programs. At the same time, we've also significantly transformed facilities at Alberton Oval, with the next stage due for completion in June 2026. These projects and the reduction in our debt position have improved the club's net asset position significantly to more than $60m.
This milestone represents more than debt reduction. It enables us to accelerate our strategic pillar of building a financially powerful Port Adelaide Football Club: creating a diversified asset base that generates non-core revenue while transforming our financial strength and ultimately maximising football program investment.
To our members and partners: this achievement is directly attributable to your incredible commitment through the most challenging period in our club's modern history. Your support has enabled us to emerge stronger, more focused, and strategically positioned to now capitalise on an important period of growth and consolidation. We've made excellent gains over the last five years, but the next five should be even more significant. We look forward to sharing more with you in the new year
You’re such a tease
