TimmiesChin wrote:It sounds like the other SANFL clubs couldn't see the joint venture working financially rahter than it making Port too strong.
Without malice, it would be good if the reasons for this could be shared with the punters. If there were holes in the model - please share them with us.
I realise Rod Payze has indicated how much each club lost last year, but that was last year... the merger was aimed at moving towards fixing that. And if the clubs hadn't lost money last year, would they have been looking to this year ?
The maggies lost $250K or so ... if the merger somehow saved $250K between the clubs then the SANFL clubs would have been no worse off. Ther merger doesn't need to address the entire $3 million.
With respect to the POW. Put simply, if there was a benefactor that was willing to pay out the debt and gift it to the magpies, it seems like they would be viable - or very close to it as the interest payments seemed to be the equivalent of their loss last year. I can't see it happening now, but this sort of actiuon would at least give the club an asset base to work from.
I'm also keen to see when the SANFL will unveil its new stadium deal, as this is a key component of the Power (and Crows) strategies going forward.
I think this is plan B