by DOC » Mon Apr 27, 2020 9:46 pm
by Dutchy » Mon Apr 27, 2020 9:50 pm
by Spargo » Mon Apr 27, 2020 9:54 pm
topshelf wrote:fish wrote:Does anyone know what happened to the $71m that the SANFL got from selling Footy Park as per this article: https://www.adelaidenow.com.au/messenger/west-beaches/sanfl-sells-aami-stadium-at-west-lakes-for-71m-for-residential-housing-development/news-story/d7d31fa04eb6a62008d268047f026b1e
In particular what happened to the future fund for football in SA - it would certainly come in handy at the moment.
SANFL’s chairman John Olsen said the deal was “the final part of the transition process” to Adelaide Oval. “By securing an up-front payment of $10 million we have been able to extinguish our debt with the AFL, money we borrowed as part of the $16.25m we gave to Port Adelaide to keep the club viable ahead of the move to Adelaide Oval,” Mr Olsen said in a statement. “The rest of the money is critical to our future, not only in terms of further lowering our debt profile — which now stands at $45m including SANFL club debt — but also as a future fund for football in South Australia.”
This part annoys me more especially with some port people who claim they're hard down by from the SANFL.
by Brett » Mon Apr 27, 2020 9:56 pm
topshelf wrote:fish wrote:Does anyone know what happened to the $71m that the SANFL got from selling Footy Park as per this article: https://www.adelaidenow.com.au/messenger/west-beaches/sanfl-sells-aami-stadium-at-west-lakes-for-71m-for-residential-housing-development/news-story/d7d31fa04eb6a62008d268047f026b1e
In particular what happened to the future fund for football in SA - it would certainly come in handy at the moment.
SANFL’s chairman John Olsen said the deal was “the final part of the transition process” to Adelaide Oval. “By securing an up-front payment of $10 million we have been able to extinguish our debt with the AFL, money we borrowed as part of the $16.25m we gave to Port Adelaide to keep the club viable ahead of the move to Adelaide Oval,” Mr Olsen said in a statement. “The rest of the money is critical to our future, not only in terms of further lowering our debt profile — which now stands at $45m including SANFL club debt — but also as a future fund for football in South Australia.”
This part annoys me more especially with some port people who claim they're hard down by from the SANFL.
by topshelf » Mon Apr 27, 2020 10:05 pm
by DOC » Mon Apr 27, 2020 10:08 pm
topshelf wrote:Do the crows pay any rent for West Lakes? Might be time for that to happen also.
by wild dog » Mon Apr 27, 2020 10:12 pm
Spargo wrote:topshelf wrote:fish wrote:Does anyone know what happened to the $71m that the SANFL got from selling Footy Park as per this article: https://www.adelaidenow.com.au/messenger/west-beaches/sanfl-sells-aami-stadium-at-west-lakes-for-71m-for-residential-housing-development/news-story/d7d31fa04eb6a62008d268047f026b1e
In particular what happened to the future fund for football in SA - it would certainly come in handy at the moment.
SANFL’s chairman John Olsen said the deal was “the final part of the transition process” to Adelaide Oval. “By securing an up-front payment of $10 million we have been able to extinguish our debt with the AFL, money we borrowed as part of the $16.25m we gave to Port Adelaide to keep the club viable ahead of the move to Adelaide Oval,” Mr Olsen said in a statement. “The rest of the money is critical to our future, not only in terms of further lowering our debt profile — which now stands at $45m including SANFL club debt — but also as a future fund for football in South Australia.”
This part annoys me more especially with some port people who claim they're hard down by from the SANFL.
Then why wouldn’t the SANFL ask for this back? Why wouldn’t the 8 sovereign clubs query this?
by wild dog » Mon Apr 27, 2020 10:17 pm
Dutchy wrote:SANFL itself had a debt as high as $32m at one stage
“The rest of the money is critical to our future, not only in terms of further lowering our debt profile — which now stands at $45m including SANFL club debt — but also as a future fund for football in South Australia.”
by Dutchy » Tue Apr 28, 2020 12:31 am
wild dog wrote:Dutchy wrote:SANFL itself had a debt as high as $32m at one stage
From the article above, the combined debt stood as high as $45m.“The rest of the money is critical to our future, not only in terms of further lowering our debt profile — which now stands at $45m including SANFL club debt — but also as a future fund for football in South Australia.”
by Magellan » Tue Apr 28, 2020 6:43 am
Spargo wrote:Brett wrote:I see the AFL being smaller league after all this.Some franchises will need to go and it will make footy better if they are serious about a national game.
Simply not happening.
by daysofourlives » Tue Apr 28, 2020 6:37 pm
by gazzamagoo » Tue Apr 28, 2020 6:50 pm
daysofourlives wrote:Crickets from the Oracle on the debt subject, says it all
by UK Fan » Tue Apr 28, 2020 8:13 pm
Magellan wrote:Spargo wrote:Brett wrote:I see the AFL being smaller league after all this.Some franchises will need to go and it will make footy better if they are serious about a national game.
Simply not happening.
Yep. Whilst they're serious about a national game, it's purely for the sake of competing with other football codes, and as its run out of Melbourne its very unlikely any of their teams will bite the dust. Making footy better probably the last thing on the AFL's list.
fester69 wrote: I'm full of "pish and wind" !!You can call me weak !!
MW wrote: Well call me a special asshole!.
Booney wrote: I'm a happy clapper **** stick.
by Brett » Tue Apr 28, 2020 8:26 pm
Brett wrote:It shouldn't be long........................
by Brett » Tue Apr 28, 2020 8:34 pm
Spargo wrote:Brett wrote:I see the AFL being smaller league after all this.Some franchises will need to go and it will make footy better if they are serious about a national game.
Simply not happening.
by LMA » Tue Apr 28, 2020 10:12 pm
gazzamagoo wrote:daysofourlives wrote:Crickets from the Oracle on the debt subject, says it all
yeah, where are all the Port supporters?
by LMA » Tue Apr 28, 2020 10:15 pm
daysofourlives wrote:Crickets from the Oracle on the debt subject, says it all
by LMA » Tue Apr 28, 2020 10:40 pm
Brett wrote:Spargo wrote:Brett wrote:I see the AFL being smaller league after all this.Some franchises will need to go and it will make footy better if they are serious about a national game.
Simply not happening.
Im sure I hear Tasmania wants to have a Team at the expense of a Victorian club and there argument is too many Victorian sides cost money.
Things evolve and most would now say nothing will change. Did anybody think years ago Woodville would be a club and Torrens and them would merge? This is a bit easier to see unfolding IMO due to what is happening.
by Brett » Wed Apr 29, 2020 10:12 pm
gazzamagoo wrote:daysofourlives wrote:Crickets from the Oracle on the debt subject, says it all
yeah, where are all the Port supporters?
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