The SANFL and the Port Power Financial Issue

[Wedgie]

Geelong interestingly made only $52K ....

I don't know what's that interesting about it, it was their 9th year in a row of making a nett profit despite funding numerous infrastructure changes/building in that time.
Geelong actually enjoyed an operating profit of $1.216 million but wrote off $1.163m in assets following the demolition of the Drew Stand.
Geelong, just like Port didn't win the premiership last year.
You're the one comparing apples to oranges now.
You sound like Rucci and his selective figures over the last couple of days.
If you want a good comparison to the Geelong Footy Club then compare them to other successfully run businesses such as the Crows, Centrals and North Adelaide.
But we digress, this topic is about a failing business that was doomed from the start.

[Hondo]

Geelong interestingly made only $52K ....

I don't know what's that interesting about it, it was their 9th year in a row of making a nett profit despite funding numerous infrastructure changes/building in that time.
Geelong actually enjoyed an operating profit of $1.216 million but wrote off $1.163m in assets following the demolition of the Drew Stand.
You sound like Rucci and his selective figures over the last couple of days.
If you want a good comparison to the Geelong Footy Club then compare them to other successfully run businesses such as the Crows, Centrals and North Adelaide.
But we digress, this topic is about a failing business that was doomed from the start.

Knew that would get your attention ....

The Crows were similar - $1.6m profit reduced to $88K with a building write off

I am not cracking at the Cats .... just pointing out that they made $1m less than an SANFL club, just like the Crows did (hey, you started the CDFC comparison and got our mate UK Fan boned up!)

Running an AFL club is a tough, expensive gig. Every club is a top 8 appearance away from a profit or a loss these days. Port have made profits 9 years out of 12, have net assets of $4m, paid their fee to the SANFL every year bar 2 and generate profits for the SANFL (and its clubs) out of AAMI Stadium

Compare that to several clubs in Melbourne Brisbane lost $2m last year, Collingwood lost $8m (one off abherration I know). One club had it's auditors raise concerns about their ability to continue as a going concern.

Unfortunately Port Power aren't going anywhere soon. If Leigh Whicker is right they'll be debt free in 5 years time and then we'll never get rid of them.

[Wedgie]

Knew that would get your attention ....

ha he, that you did, hook line and sinker, you knew I wouldn't be able to resist.