Dutchy wrote:Cant agree with that, Kochie actually put the club into more debt when he took over to beef up the footy spend, he was very open about getting the footy department right as their core business, even if that meant carrying the debt - this has been the case. They got the club very competitive again and are now chewing into their debt, it was a high risk strategy however it looks like it will end up working, not sure if they have to raise more debt for the reno's at Alberton or if that is all gov't funded.
Richo seems to have done a great job after the handball pass he rec'd.
The risk associated with this was the China Strategy.
Pre-COVID this paid massive dividends, without COVID we would have debt paid off by now ( that was forecast internally as 2022 ), MG* has stuck with us, as has Shanghai Cred. Their support post-COVID could have been lost, but it thankfully was not. More debt paid down this year I believe.
( *MG was at the start of a 10 year strategic plan in Australia )
PAFC. Forever.
LOOK OUT, WE'RE COMING!