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First financial loss in club history

PostPosted: Wed Sep 15, 2010 1:33 pm
by Gingernuts
Seems the club will post a $500 000 loss this year:

http://www.adelaidenow.com.au/sport/afl/crows-to-post-500000-loss/story-e6frecoc-1225923645663

The case firms even more for the switch to Adelaide Oval. Anyone who thinks it's not necessary is kidding themselves as far as I'm concerned.

Re: First financial loss in club history

PostPosted: Wed Sep 15, 2010 2:09 pm
by gossipgirl
Well hopefully the Crows get the same handout as Port

Re: First financial loss in club history

PostPosted: Wed Sep 15, 2010 7:35 pm
by Psyber
The Crows have decided to fight back rather than go on subsidising the Power, and they are pitching their case for a matching deal to restore the level playing field between the two licensees? ;)
Seriously, the injury payments were the big factor and the rest is accountancy rather than actual outlays.

Here is the key statement:
"There is a heavy depreciation factor based on our new facility at West Lakes.