Port Adelaide 2021

[MW]

New CEOs message to the members “We are finalizing the result over the break and will confirm this with you in January as well as providing a clear picture of our debt position, and most importantly what we are going to do about it in 2021 and beyond.“

They will no doubt take a hit like all clubs but surely with their very good membership numbers their books aren’t in diabolical state?

both clubs are massively reliant on AO revenue

Not the Crows. They were doing just fine at Footy Park.

[Jim05]

F*ck me, now he's scouring Port's social media to find something to pick apart. Sad little man.

AGM streamed tonight with Koch updating members on the financials of 2020.

Surely the Oracle knows these figures before they are released to the plebs

[Booney]

F*ck me, now he's scouring Port's social media to find something to pick apart. Sad little man.

AGM streamed tonight with Koch updating members on the financials of 2020.

Surely the Oracle knows these figures before they are released to the plebs

Probably.

[daysofourlives]

F*ck me, now he's scouring Port's social media to find something to pick apart. Sad little man.

AGM streamed tonight with Koch updating members on the financials of 2020.

Surely the Oracle knows these figures before they are released to the plebs

Or maybe he's not as important as he thinks he is

[Dutchy]

New CEOs message to the members “We are finalizing the result over the break and will confirm this with you in January as well as providing a clear picture of our debt position, and most importantly what we are going to do about it in 2021 and beyond.“

They will no doubt take a hit like all clubs but surely with their very good membership numbers their books aren’t in diabolical state?

both clubs are massively reliant on AO revenue

Not the Crows. They were doing just fine at Footy Park.

They have already flagged a heavy loss

[UK Fan]

F*ck me, now he's scouring Port's social media to find something to pick apart. Sad little man.

AGM streamed tonight with Koch updating members on the financials of 2020.

What ??? Social media

Finger on the pulse as always Mr Boon.

https://www.portadelaidefc.com.au/news/ ... thank-you-



It’s was in Richos “letter from the ceo” to his members quoted on this page.

We will have you that info to you by January.


Unlike a PAFC official to over promise and under deliver.

Great start Richo setting out the expectations for his members early.

[Booney]

Operating loss of less than $300k.

[UK Fan]

COVID-19 became the greatest financial threat in the club’s history and, as a result, we were forced to make some extremely tough decisions through 2020, which sadly meant farewelling some fantastic Port Adelaide people,” Mr Koch said.

“That was a horrible reality for us in 2020 and it is a challenge the whole industry has had to deal with, but decisions needed to be made to ensure our club was positioned to come through this extremely challenging time.”

After taking in to account one-off COVID-19 related and restructuring costs of $1.186m, depreciation and non-cash balance sheet adjustments, the Port Adelaide Football Club incurred a statutory loss of $4,040,579.

As a result, the club finished the season with additional borrowings of $4.275 million, increasing its overall debt position to $12 million”


Port are now in more debt than the SANFL and the 8 clubs combined.

And the money they owe sanfl for their licence isn’t included in the $12 mill.

History has a way of repeating itself they say

[Dutchy]

read on further....

After taking in to account one-off COVID-19 related and restructuring costs of $1.186m, depreciation and non-cash balance sheet adjustments, the Port Adelaide Football Club incurred a statutory loss of $4,040,579.

As a result, the club finished the season with additional borrowings of $4.275 million, increasing its overall debt position to $12 million.

[mighty_tiger_79]

are we all tuning into Ports AGM

[Brodlach]

What is the correct amount, heard $4.1 million, $280k and funnily $119k

[Dutchy]

What is the correct amount, heard $4.1 million, $280k and funnily $119k

Debt went up by $4m so its not hard to work out what "cash" they lost

[mighty_tiger_79]

3 flags in next 5 years - [emoji23][emoji23][emoji23][emoji23]

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[Jim05]

3 flags in next 5 years - [emoji23][emoji23][emoji23][emoji23]

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Brendon Gale said similar of Richmond and they were a bigger basket case than Port.
I don’t mind goals being set

[Rik E Boy]

3 flags in next 5 years - [emoji23][emoji23][emoji23][emoji23]

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Brendon Gale said similar of Richmond and they were a bigger basket case than Port.
I don’t mind goals being set

At Geelong we are aiming for three Prelims in five years...

regards,

REB

[mighty_tiger_79]

3 flags in next 5 years - [emoji23][emoji23][emoji23][emoji23]

Sent from my SM-A520F using Tapatalk

Brendon Gale said similar of Richmond and they were a bigger basket case than Port.
I don’t mind goals being set

At Geelong we are aiming for three Prelims in five years...

regards,

REB

Thats a piece of pi55 for us

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[mighty_tiger_79]

3 flags in next 5 years - [emoji23][emoji23][emoji23][emoji23]

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Brendon Gale said similar of Richmond and they were a bigger basket case than Port.
I don’t mind goals being set

Goodluck to them.
Its not happening.

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[Booney]

3 flags in next 5 years

Brendon Gale said similar of Richmond and they were a bigger basket case than Port.
I don’t mind goals being set

Goodluck to them.
Its not happening.

I don't mind setting goals, but you have to weight up whether they are realistic or not.

3 flags? Unlikely, but not impossible and this puts the heat on coaches and players. Don't mind it.

100,000 members? Unlikely, full stop.

Eliminate debt? Going to be bloody hard, but this puts the heat on administration and senior management. Don't mind it.

[DOC]

The membership number means diddley squat at times. Baby memberships, Pets etc.. They all raise revenue and are an indicator of support.

A former Port board member tells me that at the AGM on Friday, long time member Trevor Thiele lost the members election which was a surprise.

The board appointed a non football business person to the other vacancy which is a sign of the times.

[valleys07]

I don't mind setting goals, but you have to weight up whether they are realistic or not.

3 flags? Unlikely, but not impossible and this puts the heat on coaches and players. Don't mind it.

100,000 members? Unlikely, full stop.

Eliminate debt? Going to be bloody hard, but this puts the heat on administration and senior management. Don't mind it.

The thing is - if by the end of 2025, Port has won 1 premiership, increased it's membership number to 70,000, added an AFLw side, and reduced it's debt to under $2m, is it a failure?