PAFC 2024

[Brodlach]

Now everyone on here are chartered accountants.

I love this site.

Some of us might have some business acumen and deal with balance sheets

[Jim05]

Now everyone on here are chartered accountants.

I love this site.

Some of us might have some business acumen and deal with balance sheets

One thing I’ve learnt over the years is that there is a lot of smokes & mirrors when it comes to football clubs and their finances. I know everytime the the Essendon one is released I have a chuckle as they do their level best to hide the truth

[Booney]

Many clubs do it but there is no such thing as a profit for a Football Club.

It is a surplus.

Please refer above and do not take anything Mr Koch says too literally.

One is an opinion, one is a report, but you carry on looking up at us nonetheless.

[Booney]

Now everyone on here are chartered accountants.

I love this site.

Where else would you argue the difference between surplus and profit?

Other than nerd club, of course.

[Brodlach]

Now everyone on here are chartered accountants.

I love this site.

Some of us might have some business acumen and deal with balance sheets

One thing I’ve learnt over the years is that there is a lot of smokes & mirrors when it comes to football clubs and their finances. I know everytime the the Essendon one is released I have a chuckle as they do their level best to hide the truth

I read a financial report from a SANFL club about 4 years ago that was so loaded I couldn’t believe they got away with it.


Not suggesting Port have done anything, it’s just being discussed in this thread

[mots02]

Many clubs do it but there is no such thing as a profit for a Football Club.

It is a surplus.

Please refer above and do not take anything Mr Koch says too literally.

One is an opinion, one is a report, but you carry on looking up at us nonetheless.

I was talking about the semantics of reporting a profit v a surplus, but you carry on getting offending by the nasty people picking on Port.

[Booney]

I was talking about the semantics of reporting a profit v a surplus, but you carry on getting offending by the nasty people picking on Port.

I'm not offended mate, I love how much you hate us. Makes me all warm and fuzzy inside.

[amber_fluid]

When the Port Magpies were winning premiership after premiership in the 70’s, 80’s and 90’s I couldn’t tell you if they turned over a profit or not.
Didn’t care as it was all about winning premierships.
How things have changed!

Talking about profits and balance sheets over premierships now.

[Booney]

When the Port Magpies were winning premiership after premiership in the 70’s, 80’s and 90’s I couldn’t tell you if they turned over a profit or not.
Didn’t care as it was all about winning premierships.
How things have changed!

Talking about profits and balance sheets over premierships now.

I can. We have never been flushed with cash.

Could tell you a very good story about a club legend over a beer one day.

[dedja]

Talking about profits and balance sheets over premierships now.

Well, there’s an easy fix isn’t there?

Approaching 20 years.

[amber_fluid]

Talking about profits and balance sheets over premierships now.

Well, there’s an easy fix isn’t there?

Approaching 20 years.

Kennoath!

[Dutchy]

Although i'm very disappointed in the fact i haven't heard 'Oh, now they can pay the SANFL back'

The predictability of this site has let me down on this occasion. I expect this to be a rare occurrence.

Head to facebook, it won't let you down

[Dutchy]

Would be interesting to see their actual balance sheet.

The announcement mentions net assets increasing from $17.1M in 2022 to $32.7M in 2023. The $30M Alberton redevelopment was funded by at least $23M of Federal & State government and AFL grants, plus the club received $5M above the base 2023 AFL distribution to clubs (only Gold Coast, GWS, Brisbane, North Melbourne and St Kilda received more in 2023).

How has the redevelopment been accounted for on the balance sheet? If that $30M has been accounted for, then basically the net assets are reflective of the capital grants provided to the club, but pure speculation on my part without sighting this and previous years financials (and only based on the media statement released today, no googling involved ).

They’re not on their Pat Malone, but actually how sustainable is the club when you take out the welfare components?

Just had a look and (like every year) there is no financial report made public, so we just have to believe what they say. Majority of the clubs (and SANFL) release their full financials, not sure why Port don't.

[UK Fan]

Although i'm very disappointed in the fact i haven't heard 'Oh, now they can pay the SANFL back'

The predictability of this site has let me down on this occasion. I expect this to be a rare occurrence.

Whats even funnier is when Port fans try to claim SANFL still owes them money

[carey]

Well we did single handedly prop the SANFL up for decades winning flags at will. We’d get bored and win a premiership

[dedja]

Pffft, last century.

[Spargo]

Well we did single handedly prop the SANFL up for decades winning flags at will. We’d get bored and win a premiership

Fast forward to this century & it’s cap in hand blaming everyone else…

[UK Fan]

Well we did single handedly prop the SANFL up for decades winning flags at will. We’d get bored and win a premiership

SANFL league was profitable no matter who won the flag is the reality.

Port wouldn’t have even been considered for an AFL licence without your relationship/record in the SANFL. It’s been a win/win relationship IMHO

Whatever hypothetical money earnt extra by the league due to Port has been repaid and spent.

[Vamos]

That was a little subdued little fella, even a compliment in there of sorts. Expected more when I seen you were the last poster, you ok?

[Lightning McQueen]

That was a little subdued little fella, even a compliment in there of sorts. Expected more when I seen you were the last poster, you ok?

I did speak to him in person just a couple of hours ago and he was very complimentary of Port on a number of issues