Port Adelaide's Finances

[Choccies]

Problem is Port will send the SANFL broke if they have to keep pumping cash into them every year....

[Barto]

What defines a club ??? Its supporters, members, guernsey, emblem, players, sponsors, its home ground, its clubrooms??? Due to conflicts the guernsey and emblem changed but the majority of what makes the Port Adelaide Football Club what it is moved to the AFL.

One other thing went from the SANFL side to the AFL side....the hatred from other SANFL/Crows supporters....yet they all claim its a different club....go figure!

Well they can claim whatever they want and follow whatever they want., that's up to them. If they believe it in their heart of hearts, so what. But it's been stated in this thread:

In legal terms I suspect that Port Magpies is the new entity and the 1870 Port Adelaide entity entered the AFL.

And this has been proven incorrect. In "legal terms" Power are the new entity and the Magpies are the old.

If the Magpies are 14 years old, why the fuss to save them? Even Choco has stated that the Magpies are the original club.

[Punk Rooster]

the problem actually is that the Power keep changing their story...

[85 WAS A GOOD YEAR]

I found this post on topic SANFL/ALBERTON SALE, a topic from earlier this year, and think it explains it concisely and logically:

I'm not sure that is correct. My understanding was the PAFC in the SANFL up to 1996 left the SANFL and went into the AFL. A new club was formed and based at Ethelton calling itself the Port Adelaide Magpies.

This has been proven time and time again to be spin by the Power to claim the "1870" history. There's no legal way that a club can leave the SANFL and play in the AFL, the court injunction back in 1990 saw to that. The Power had to be a brand new club.

PAMFC Inc, have the association number A1764, which was issued in 1951. All they did was change their name from PAFC to PAMFC at the end of 1996. They still have this association number, how can an incorporated club take someone elses licence if they are new?

PAFC (AFL) Ltd, ACN 068 839 547 was registered in 1995 and changed their name to PAFC Ltd after the Magpies changed theirs.

The Magpies were not miraculously "born" in 1997 when the "original club moved to the AFL", they're still the same old club from legal standpoint. If their supporters want to see it as that because they wanted into the AFL and out of the SANFL that's their business, but it's not the truth.

We're any of the Port players who didn't get an AFL call up at the end 1996 playing for a completely different club the following year?

[Hondo]

The corporate entity number is as irrelevant to working out which Port is real (if 1 has to be) as it is to deciding whether the Collingwood FC started in 1982 or not. A sporting club is or any organisation is something bigger than whatever legal entity it happens to be currently trading out of.

Of course the old 1951 incorporated association (if that's what it is) wasn't a suitable legal entity for an AFL club in 1997 therefore a brand new company was created with all the shareholders set up as was required at the time.

I've said it before on here, there's a legal phrase called substance over form. Imagine the history books if every sporting club's history was divided into its different legal entities over the years. I suspect the 1870 team has less in common with the 1996 PAM in terms of colours, legal entity, location (?) than the 1997 PAP did.

Good to see a Port thread drifting back to all the same old arguments by all the same old posters!

[Hondo]

If the Magpies are 14 years old, why the fuss to save them? Even Choco has stated that the Magpies are the original club.

Aren't they saying that both clubs share the same history / heritage?

Not that one is new and one is old?

This is the current official word from the PAMFC web-site:

In 1997 the Port Adelaide Football Club (Power) joined the AFL with the Magpies continuing in the SANFL as the Port Adelaide Magpies Football Club Inc with both Clubs sharing the history from 1870 to 1996.

[85 WAS A GOOD YEAR]

Just saw this article posted today on Adelaide Now: AFL cash 'no handout'

http://www.adelaidenow.com.au/sport/afl ... 5880765247

"AFL chief executive Andrew Demetriou will arrive in Adelaide today with Port Adelaide expecting him to carry a cheque - and everyone else in SA football knowing he will have an agenda.
The latter certainly will be about where AFL football is played for the next generation, with Demetriou and his AFL Commission chairman Mike Fitzpatrick adamant the game must move from West Lakes to the city. But for the moment, the Power - with its low, rather than falling, home attendances and its financial crisis - is the story of the day.

Port's membership is currently 31,449 - up 2.9 per cent.

Growth in Power membership was tracking at 12 per cent in the summer. It was stopped in its tracks when the Magpies' financial crisis in the SANFL was detailed. The Power believes much of the drive that pushed Magpie membership from 2000 to 7500 ate into its potential growth.

Port's measure of its home attendances is based on comparing this year's figures with the previous matches against the same opponents. This was up nine per cent before the rain-washed clash with Richmond. It is now at 3.3 per cent.

In sponsorship, Port's corporate backers have increased in number by 16 per cent.

Demetriou's cheque - and any from the SANFL - will be packaged as an investment in the Power's growth strategy.

"For 18 months," says Haysman, "we have been working to a strategy of growth. Now there needs to be an investment in the football club to drive that growth."

[Booney]

As 1/16th ( soon to be 17th and then 18th ) of the impending TV rights deal there is little doubt the AFL was going to "invest" in our business growth plan. Good for North Melbourne and Sydney etc, good for us.

[auto]

The corporate entity number is as irrelevant to working out which Port is real (if 1 has to be) as it is to deciding whether the Collingwood FC started in 1982 or not. A sporting club is or any organisation is something bigger than whatever legal entity it happens to be currently trading out of.
Of course the old 1951 incorporated association (if that's what it is) wasn't a suitable legal entity for an AFL club in 1997 therefore a brand new company was created with all the shareholders set up as was required at the time.

I've said it before on here, there's a legal phrase called substance over form. Imagine the history books if every sporting club's history was divided into its different legal entities over the years. I suspect the 1870 team has less in common with the 1996 PAM in terms of colours, legal entity, location (?) than the 1997 PAP did.

Good to see a Port thread drifting back to all the same old arguments by all the same old posters!

That about sums it up....well done Hondo

[85 WAS A GOOD YEAR]

Just watched the online live version of Andrew Dimitriou offering Port Power an investment of $5 million dollars in their future, over a 3 year plan.
$4 million is coming from the SANFL.

He definately wants the AFL matches played in the city though, that was clear.

He recognised he couln't talk the SA State Govt into putting money into anything but Adel Oval.

I'm sure more details will available via Adelaide Now soon.

[southee]

The mind boggles in more money thrown at Port......

[saintal]

The Fitzroy FC would be spinning in its grave. (although I do note that most of the money is coming from the SANFL, not the AFL...)

[Adelaide Hawk]

Why not change their name to the Port Adelaide Charity? That way, membership would increase because members would be able to claim it on their tax as a charitable donation.

[Dutchy]

Oh how I laugh

[CUTTERMAN]

4million from the SANFL and 1 from the AFL
So the AFL spend more money on an uproven rugby league player than an ailing club.
OH MY GOD!
I'm gob smacked.

[southee]

4million from the SANFL and 1 from the AFL
So the AFL spend more money on an uproven rugby league player than an ailing club.
OH MY GOD!
I'm gob smacked.

Yes, great logical thinking there!!!

4 million to Port from the SANFL....I wonder how this will effect other SANFL local clubs and grass roots fottball here in South Australia

I bet the Magpies are wrapped with this decision!!!

[Macca19]

The corporate entity number is as irrelevant to working out which Port is real (if 1 has to be) as it is to deciding whether the Collingwood FC started in 1982 or not. A sporting club is or any organisation is something bigger than whatever legal entity it happens to be currently trading out of.

This is what it boils down to really. Legally, the Power is the new club and yes ive seen the relevant documentation including documents from Port Adelaide about this...but is it? Is North Melbourne Football Club only 25 years old? Is Collingwood only 29 years old? Is Essendon 50? Is Richmond 31 years old? Apparently they are, because apparently, the ASIC website is the be all and end all of the age of football clubs.

[Macca19]

4million from the SANFL and 1 from the AFL
So the AFL spend more money on an uproven rugby league player than an ailing club.
OH MY GOD!
I'm gob smacked.

Why? The AFL has said all along that its the SANFLs issue to deal with as they believe they are taking too big a piece of the pie.

[JK]

Only thing I find disappointing is through the media outlets, the AFL seems to be getting most of the credit for this when it's the SANFL delivering the lions share of support (unless there's something contrary to that that I've missed?).

I still think that in time both local clubs can establish themselves to higher levels of revenue and greater returns for the other SANFL clubs ... If that requires investment until such time then so be it (*puts his bulletproof armor on* and waits to get shot lol)

[Sojourner]

The Fitzroy FC would be spinning in its grave. (although I do note that most of the money is coming from the SANFL, not the AFL...)

I must admit that I did think of Fitzroy when I to heard the sums of money being injected into the Power by the AFL. I do wonder how the old school Fitzroy supporters feel to see that level of coin being put into clubs when their own was let go?

Will be interesting to see the response from the President of the North Adelaide Football Club after what happened last time around when the SANFL put money into the Power....