CENTURION wrote:hereselmo1 wrote:UK Fan wrote:CHAIRMAN David Koch has conceded Port Adelaide made a number of blunders as it staggered to a pre-grant operating loss of $6.3 million when he addressed key stakeholders at a lunch at Alberton yesterday.
But Koch, who spoke passionately about a new beginning, said the Power was not alone in struggling to make ends meet.
He said the club's initial report of a loss of $2.1 million - after grants from the AFL and the SANFL had softened the blow - gave a better guide to the club's affairs.
The TV identity and financial expert did not - and could not - dispute The Advertiser's figure of a $6 million-plus operating loss in yesterday's edition, except for questioning what should be considered a grant and what should be considered an entitled revenue.
But of course you realise that this article contains no quotes and has already been refuted by both the chairman and the CEO right?
yep, they are right and feldstadt is completely and utterly deluded and made it all up.
At least someone sees it