Adelaide Crows 2017

[stan]

******* hell. Bit of coin there fellas thats a solid effort.

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[Footy Smart]

******* hell. Bit of coin there fellas thats a solid effort.

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Couple of new sherrins for training

[Fricky]

Interesting that the advertiser are talking about the profit yet afl.com tell a different story

Crows post $1.3m loss despite operating profit

ADELAIDE has declared a statutory loss of $1.347 million despite another seven-figure operating profit.
The Crows posted a cash operating profit of $1,464,450 in the 2016 financial year along with increasing revenue by $3.8 million.
However, payments of $4.3 million to the SANFL, the AFL and the South Australian Government, depreciation of their West Lakes headquarters to the tune of $1.347 million, a game development grant of $1.1 million and close to a quarter of a million dollar hit due to the collapse of apparel partner BLK led to the loss.
BLK going into administration late last year cost $244,640 to the Crows' bottom line.
The Crows hit a new high for revenue, raking in $48.3 million – up $3.8 million from 2015.
They also reduced their debt by $2.53 million, from $4.5 million in 2015 down to $1.97 million last year.
The operating profit for the Crows was slightly down from the 2015 figure of $1.49 million.
Adelaide contributed $2.69 million to the SANFL so it could field a standalone team in the state-wide competition.
The Crows also paid the AFL $910,000 and a transport level of $700,000 to the SA Government.
"That's the price of doing business," Crows chairman Rob Chapman said of the cost of playing in the SANFL.
"It gives us the opportunity to play in the second-best competition.
"If you remove those things (SANFL contribution and transport levy), the result is a cash profit of about $3 million."
Leading finance industry executive Richard Fennell has taken up a position on the Adelaide Football Club’s board of directors.
Fennell fills a vacancy left by the retiring Andrew Payze, who leaves as the club’s longest serving director after joining the board in 2000.
Current football director Mark Ricciuto has also been re-elected unopposed on a two-year term following the recent members’ election process.

[Ronnie]

50 members to a pseudo AGM? I haven't known a club that runs with less meaningful engagement from it's fan base.

[bennymacca]

Interesting that the advertiser are talking about the profit yet afl.com tell a different story

Crows post $1.3m loss despite operating profit

ADELAIDE has declared a statutory loss of $1.347 million despite another seven-figure operating profit.
The Crows posted a cash operating profit of $1,464,450 in the 2016 financial year along with increasing revenue by $3.8 million.
However, payments of $4.3 million to the SANFL, the AFL and the South Australian Government, depreciation of their West Lakes headquarters to the tune of $1.347 million, a game development grant of $1.1 million and close to a quarter of a million dollar hit due to the collapse of apparel partner BLK led to the loss.
BLK going into administration late last year cost $244,640 to the Crows' bottom line.
The Crows hit a new high for revenue, raking in $48.3 million – up $3.8 million from 2015.
They also reduced their debt by $2.53 million, from $4.5 million in 2015 down to $1.97 million last year.
The operating profit for the Crows was slightly down from the 2015 figure of $1.49 million.
Adelaide contributed $2.69 million to the SANFL so it could field a standalone team in the state-wide competition.
The Crows also paid the AFL $910,000 and a transport level of $700,000 to the SA Government.
"That's the price of doing business," Crows chairman Rob Chapman said of the cost of playing in the SANFL.
"It gives us the opportunity to play in the second-best competition.
"If you remove those things (SANFL contribution and transport levy), the result is a cash profit of about $3 million."
Leading finance industry executive Richard Fennell has taken up a position on the Adelaide Football Club’s board of directors.
Fennell fills a vacancy left by the retiring Andrew Payze, who leaves as the club’s longest serving director after joining the board in 2000.
Current football director Mark Ricciuto has also been re-elected unopposed on a two-year term following the recent members’ election process.

certainly interesting how you can spin the same set of numbers so differently.

makes it hard for the average punter to make sense of whats going on

[Magellan]

The Advertiser article was written by Rucci, so make of that what you will. And the 'Tiser is the Crows' newsletter so it's hardly a surprise, speaking to its core constituents in a positive uplifting tone just in time for the start of the footy season.

[bennymacca]

The Advertiser article was written by Rucci, so make of that what you will. And the 'Tiser is the Crows' newsletter so it's hardly a surprise, speaking to its core constituents in a positive uplifting tone just in time for the start of the footy season.

so i want to know is, are the numbers actually good? reading both articles i would be inclined to say that yes they are good, but im not qualified to say really

[mighty_tiger_79]

Yep, the numbers are quite solid.

[Lightning McQueen]

Most big business's have certain years and certain months where they take big losses but are expected and offset by other components, they are generally planned and done in a manner to hurt the overall picture the least.

[JK]

Would want to know if some of those expenses are ongoing or one-off, but even in worst case scenario to lose overall $1.3mil but reduce debt by $2.5mil still seems very positive provided their cash position is healthy (which I'd imagine it is).

[MW]

Decent win with an under strength side against Geelong. Last quarter was the cue in the rack? Didn't see any of it.

[bennymacca]

Decent win with an under strength side against Geelong. Last quarter was the cue in the rack? Didn't see any of it.

Bit of a breeze going the cats way and they jumped us. But we controlled it after that

[mighty_tiger_79]

Flag favourites now I would think after beating a full strength Cats team desperate for a win.

[Jim05]

Flag favourites now I would think after beating a full strength Cats team desperate for a win.

Yep Crows v Brisbane GF, forget about the rest after these kick and giggle matches[emoji3]

[LaughingKookaburra]

I'm a bit worried about the Crows personally. But tell you what is a big plus for me is Curtly Hampton. He always had ability but he looks a smooth mover now fit!

[bennymacca]

Flag favourites now I would think after beating a full strength Cats team desperate for a win.

Got anything original or constructive to say?

[mighty_tiger_79]

The Crows juniors played extremely well

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[Wedgie]

Flag favourites now I would think after beating a full strength Cats team desperate for a win.

Got anything original or constructive to say?

He couldn't be much more constructive, would a dynasty of ten flags in a row suit better?

[bennymacca]

Flag favourites now I would think after beating a full strength Cats team desperate for a win.

Got anything original or constructive to say?

He couldn't be much more constructive, would a dynasty of ten flags in a row suit better?

Can't even trust the admins to not be trolling wankers

[MW]

Flag favourites now I would think after beating a full strength Cats team desperate for a win.

Funny i thought we were bottom eight after losing to Rich. I can't keep up