Proposed model for the Magpies - Power Joint Venture?

[beenreal]

Did they advise if their was any hope of survival if the merger wasn't approved?

Pretty much sell the pub and use the equity to prop themselves up for the next 18 months until a "white knight" (Rob Gerard) puts his/ her hand up.

John Firth (President) stated that having met 2/3 of the clubs it was glaring that the Magpies are up to $500K behind in the football department as it is.

[Wedgie]

The final minor round game against North could be a huge one!

[Booney]

The final minor round game against North could be a huge one!

Lets just hope it is a stepping stone to 2011.

[Lynwood]

Just came from the Magpies AGM

From what I can recall at the moment it was a long nite

We remain as the PAMFC (our own legal entity)
The Power do up the POW
The magpies have offices at Alberton (Prob in the Port Club pokie area)
The Magpies board has to report to the power
It will happen next year after a vote from members
The Magpies then are able to advertise games to power members to attract more people to games

They kept mentioning only having one group of supporters. looks like they want you to follow both clubs (lets see how long they both survive with that)

A review will take place in three years

Talking to a board member after i was told that magpie membership money will most likely go to the power and the magpies will be run off of a set budget. They have not been able to discuss this issue fully because of legal reasons to do with creating the two clubs. If true there are quite a few Magpie members who will still support the club but will not buy memberships to give money to the Power.

If I remember more details I will post tomorrow, like I said it was a long nite.

Yes it was a long night because there was so much information to convey.

From memory, the Port Adelaide Football Club only ever had one set of supporters.

Overheard a great comment post AGM. "It took 13 years for the club to become fractured, hopefully by another 13 years the wounds will have healed."

the issue I have is that they talk about one sewt of supporters when they now also have those who only support one pof the clubs.

[JK]

Was thinking about this further in discussion with mates this morning ... Im not sure if I have this right, but my understanding is that the SANFL as the governing body is responsible for the welfare of football in South Australia and the SANFL competition.

As such, should the Power/PAM's merger option fall over, why wouldn't the SANFL take control of the Magpies administration until such time as the club is sustainable? Many businesses have, are and will fall into this category?

[Psyber]

Was thinking about this further in discussion with mates this morning ... Im not sure if I have this right, but my understanding is that the SANFL as the governing body is responsible for the welfare of football in South Australia and the SANFL competition.

As such, should the Power/PAM's merger option fall over, why wouldn't the SANFL take control of the Magpies administration until such time as the club is sustainable? Many businesses have, are and will fall into this category?

Now there's a sensible suggestion..

[whufc]

Was thinking about this further in discussion with mates this morning ... Im not sure if I have this right, but my understanding is that the SANFL as the governing body is responsible for the welfare of football in South Australia and the SANFL competition.

As such, should the Power/PAM's merger option fall over, why wouldn't the SANFL take control of the Magpies administration until such time as the club is sustainable? Many businesses have, are and will fall into this category?

very sensible idea BUT were North and Sturt given this option when they were on the brink. The SANFL should not give Port any special treatment just because they are Port. Remember they put themselves in this mess.

If the SANFL was to take control of the Magpies i would want there to be lots of restrictions such as them only being able to use half of there salary cap allowance. There is NO way they should have any advantage because of their own crap administration.

[JK]

Was thinking about this further in discussion with mates this morning ... Im not sure if I have this right, but my understanding is that the SANFL as the governing body is responsible for the welfare of football in South Australia and the SANFL competition.

As such, should the Power/PAM's merger option fall over, why wouldn't the SANFL take control of the Magpies administration until such time as the club is sustainable? Many businesses have, are and will fall into this category?

very sensible idea BUT were North and Sturt given this option when they were on the brink. The SANFL should not give Port any special treatment just because they are Port. Remember they put themselves in this mess.

If the SANFL was to take control of the Magpies i would want there to be lots of restrictions such as them only being able to use half of there salary cap allowance. There is NO way they should have any advantage because of their own crap administration.

With administration would have to come concessions and conditions I would think ... The SANFL has painted itself into a bit of a corner by not providing help previously.

Make no mistake the genuine struggle the Magpies face at the moment won't be the last by a SANFL club, but by continuing to say "Woodville, Torrens, Sturt, North, Norwood, Port didn't receive any help so we can't help team X" places the current league competition in a dangerous place.

[whufc]

Was thinking about this further in discussion with mates this morning ... Im not sure if I have this right, but my understanding is that the SANFL as the governing body is responsible for the welfare of football in South Australia and the SANFL competition.

As such, should the Power/PAM's merger option fall over, why wouldn't the SANFL take control of the Magpies administration until such time as the club is sustainable? Many businesses have, are and will fall into this category?

very sensible idea BUT were North and Sturt given this option when they were on the brink. The SANFL should not give Port any special treatment just because they are Port. Remember they put themselves in this mess.

If the SANFL was to take control of the Magpies i would want there to be lots of restrictions such as them only being able to use half of there salary cap allowance. There is NO way they should have any advantage because of their own crap administration.

With administration would have to come concessions and conditions I would think ... The SANFL has painted itself into a bit of a corner by not providing help previously.

Make no mistake the genuine struggle the Magpies face at the moment won't be the last by a SANFL club, but by continuing to say "Woodville, Torrens, Sturt, North, Norwood, Port didn't receive any help so we can't help team X" places the current league competition in a dangerous place.

yeah do agree

[Booney]

Was thinking about this further in discussion with mates this morning ... Im not sure if I have this right, but my understanding is that the SANFL as the governing body is responsible for the welfare of football in South Australia and the SANFL competition.

As such, should the Power/PAM's merger option fall over, why wouldn't the SANFL take control of the Magpies administration until such time as the club is sustainable? Many businesses have, are and will fall into this category?

very sensible idea BUT were North and Sturt given this option when they were on the brink. The SANFL should not give Port any special treatment just because they are Port. Remember they put themselves in this mess.

If the SANFL was to take control of the Magpies i would want there to be lots of restrictions such as them only being able to use half of there salary cap allowance. There is NO way they should have any advantage because of their own crap administration.

With administration would have to come concessions and conditions I would think ... The SANFL has painted itself into a bit of a corner by not providing help previously.

Make no mistake the genuine struggle the Magpies face at the moment won't be the last by a SANFL club, but by continuing to say "Woodville, Torrens, Sturt, North, Norwood, Port didn't receive any help so we can't help team X" places the current league competition in a dangerous place.

Spot on. I'm jack of reading "they dont deserve any special treatment because they are Port". Sure, play hard ball, but the writing is on the wall that all SANFL clubs are going to, at some stage, face financial difficulties and if the stance taken is "let them die" then we could face the day when we have a 6 or 7 team comp that wont be worth a pinch.

[whufc]

Was thinking about this further in discussion with mates this morning ... Im not sure if I have this right, but my understanding is that the SANFL as the governing body is responsible for the welfare of football in South Australia and the SANFL competition.

As such, should the Power/PAM's merger option fall over, why wouldn't the SANFL take control of the Magpies administration until such time as the club is sustainable? Many businesses have, are and will fall into this category?

very sensible idea BUT were North and Sturt given this option when they were on the brink. The SANFL should not give Port any special treatment just because they are Port. Remember they put themselves in this mess.

If the SANFL was to take control of the Magpies i would want there to be lots of restrictions such as them only being able to use half of there salary cap allowance. There is NO way they should have any advantage because of their own crap administration.

With administration would have to come concessions and conditions I would think ... The SANFL has painted itself into a bit of a corner by not providing help previously.

Make no mistake the genuine struggle the Magpies face at the moment won't be the last by a SANFL club, but by continuing to say "Woodville, Torrens, Sturt, North, Norwood, Port didn't receive any help so we can't help team X" places the current league competition in a dangerous place.

Spot on. I'm jack of reading "they dont deserve any special treatment because they are Port". Sure, play hard ball, but the writing is on the wall that all SANFL clubs are going to, at some stage, face financial difficulties and if the stance taken is "let them die" then we could face the day when we have a 6 or 7 team comp that wont be worth a pinch.

very true but surely you can see why clubs such as North and Sturt would seem a tad aggrivated by this. I wonder if there is any case for North or Sturt claiming compansation if the SANFL do help the Magpies out financially or with administration costs.

[nickname]

It would be an interesting scenario because then you'd have the SANFL propping up the Power to the tune of millions of dollars over the next few years and also running the Magpies.

[Wedgie]

A few good points and probably the reason that even though they could let the commision make a ruling that they are putting it in the clubs laps. They'd cop flak either way and one might argue they've taken the easy option so they don't have to make a decision.

[Barto]

There seems to be these calls to "sell the pub". Do they even own it? I thought they had the lease on it.

[Wedgie]

There seems to be these calls to "sell the pub". Do they even own it? I thought they had the lease on it.

Yeah, but they're probably talking about selling the lease, pub leases can some times be worth quite a large percentage of a freehold pub.

[beenreal]

It would be an interesting scenario because then you'd have the SANFL propping up the Power to the tune of millions of dollars over the next few years and also running the Magpies.

Maybe they could run the Magpies with some of the $10M the Power injects into the SANFL?

[Booney]

It would be an interesting scenario because then you'd have the SANFL propping up the Power to the tune of millions of dollars over the next few years and also running the Magpies.

Maybe they could run the Magpies with some of the $10M the Power injects into the SANFL?

[am Bays]

Maybe they could run the Magpies with some of the $10M the Power injects into the SANFL?

I assume you are referring to the money the SANFL makes from hosting AFL games at Footy Park. They already do, its called your SANFL dividend, some of which you had advanced to you late last year...

Are you saying Port Magpies should get more than the other 8 clubs??

[Booney]

Im saying D'oh for bringing that up.....hopefully you weren't asking me that ?

[am Bays]

Im saying D'oh for bringing that up.....hopefully you weren't asking me that ?

No not you, mate.