Port Adelaide 2019

[GWW]

Keiran Harper maybe?

Would probably just add to the club's spin though.

[Booney]

The Port Adelaide Football Club has announced a net profit from continuing operations of $322,013 for the financial year ending 31 October 2018. 

Whilst revenue from continuing operations increased by $1.093m (2%), profit from continuing operations decreased by $677,000 compared to the prior year, with the club continuing to prioritise football department spend. 


Club Chairman David Koch reflected on a challenging year for Port Adelaide. 

“This year our club continued its reputation as one of the best supported clubs in the league, with the fifth successive year of growth in membership, and we continued to advance our strategic push into China, with the positive execution of our second game in Shanghai, which has seen us underpin our commercial relationships with Shanghai Cred Real Estate and most recently, the Jincheng Group,” Mr Koch said. 

“However, our inability to attract a second Joint Major Partner to accompany Oak on our jumper, and challenging local conditions in the second half of the year did limit our ability to maximise a promising start to season 2018.” 

After taking into account depreciation and a series of one-time and restructuring costs, the club incurred a loss of $987,321 which was mitigated by a revaluation gain of $4,166,586 on its land and buildings, resulting in Port Adelaide Football Club reporting a Total Comprehensive Income of $3,179,265, increasing the net asset position of the club to $7,211,142 (up from $4,031,876 as at 31 October 2017). 

“Our club is in a strong position and the Board, Executive and entire club staff are focussed on driving the club forward again in 2019,” he said. 

“On behalf of the club, I acknowledge and thank our loyal members, supporters, corporate and community partners who are the lifeblood of our organisation.” 

Port Adelaide Football Club members can obtain access to the club’s 2018 accounts at the Annual General Meeting on February 8 at the Club’s AGM at 6.00pm at Alberton. 

[daysofourlives]

The Port Adelaide Football Club has announced a net profit from continuing operations of $322,013 for the financial year ending 31 October 2018. 

Whilst revenue from continuing operations increased by $1.093m (2%), profit from continuing operations decreased by $677,000 compared to the prior year, with the club continuing to prioritise football department spend. 


Club Chairman David Koch reflected on a challenging year for Port Adelaide. 

“This year our club continued its reputation as one of the best supported clubs in the league, with the fifth successive year of growth in membership, and we continued to advance our strategic push into China, with the positive execution of our second game in Shanghai, which has seen us underpin our commercial relationships with Shanghai Cred Real Estate and most recently, the Jincheng Group,” Mr Koch said. 

“However, our inability to attract a second Joint Major Partner to accompany Oak on our jumper, and challenging local conditions in the second half of the year did limit our ability to maximise a promising start to season 2018.” 

After taking into account depreciation and a series of one-time and restructuring costs, the club incurred a loss of $987,321 which was mitigated by a revaluation gain of $4,166,586 on its land and buildings, resulting in Port Adelaide Football Club reporting a Total Comprehensive Income of $3,179,265, increasing the net asset position of the club to $7,211,142 (up from $4,031,876 as at 31 October 2017). 

“Our club is in a strong position and the Board, Executive and entire club staff are focussed on driving the club forward again in 2019,” he said. 

“On behalf of the club, I acknowledge and thank our loyal members, supporters, corporate and community partners who are the lifeblood of our organisation.” 

Port Adelaide Football Club members can obtain access to the club’s 2018 accounts at the Annual General Meeting on February 8 at the Club’s AGM at 6.00pm at Alberton. 

So without the spin you lost 1million, China going well then.
Im sure if the assets dercease in value next year they will take that into account with th ebottom line
Ive never heard so much garbage in all my life

[Brodlach]

Nice time to release the info too

[daysofourlives]

Presumably Kochy did this on camera, did he do it with a straight face?

[UK Fan]

I thought it was the stadium deal at footy park that caused port to declare financial losses ???


What a surprise it isn’t


China bringing in the big bucks already

[woodublieve12]

thoughts?

[amber_fluid]

thoughts?

You get what you deserve..............






Apparently.

[Spargo]

I reckon deep down most Port people I know think this.

[Booney]

Hard to argue against. "Extremely disappointing", by Port Adelaide standards, yes, by Fremantle, St Kilda, Melbourne etc....

If I had to ( ) I'd say the 2001-2004 period where we went 69 wins / 19 losses was a pretty dominant period, in the modern era not many sides would have that W/L across a 4 year or longer period, 1 more flag in that time might make the argument against Russell's comments more substantial, however since then we've been average at best.

Finals 10 of 22 seasons but only 3 of the last 11 makes for average.

Be interesting to look at finals series, by club, since '97.

[Dutchy]

Yep Port should have at least made another GF in the WIlliams era, underachieved.

[JK]

Big Dwayno just trying to put the wind up them and get a response

[Brodlach]

Big Dwayno just trying to put the wind up them and get a response

Very Corneseeque

[GWW]

Difficult to disagree really.

[Booney]

Big Dwayno just trying to put the wind up them and get a response

Very Corneseeque

Always laugh at people cracking Kane on Twitter/FB, every post, every click, every response just makes his job safer and safer.

[JK]

Big Dwayno just trying to put the wind up them and get a response

Very Corneseeque

Always laugh at people cracking Kane on Twitter/FB, every post, every click, every response just makes his job safer and safer.

Absolutely .. I reckon the bloke can be petulant at times and behave like a flog, BUT, he does raise some good points and provides his reasoning.

[Brodlach]

Big Dwayno just trying to put the wind up them and get a response

Very Corneseeque

Always laugh at people cracking Kane on Twitter/FB, every post, every click, every response just makes his job safer and safer.

I meant Graham

[Booney]

Since Port Adelaide joined the AFL in 1997

Team Finals ( How many times they've made finals, not how many they've played )Premierships

Adelaide 14 and 2
Brisbane 8 and 3
Carlton 7 and 0
Collingwood 11 and 1
Essendon 11 and 1
Fremantle 7 and 0
GC 0 and 0
GWS 3 and 0
Hawthorn 12 and 4
Melbourne 7 and 0
North 12 and 1
Port 10 and 1
Richmond 6 and 1
St Kilda 9 and 0
Sydney 19 and 2
WCE 15 and 2
WBD 10 and 1

Take out the GC and GWS numbers :

Average finals appearances - 173/16 = 10.81

Port, along with Collingwood, Essendon and the Bulldogs are all average by those finals appearance numbers.

Adelaide, Geelong, Hawthorn, North, Sydney and the WCE are above.

Brisbane, Carlton, Fremantle, Melbourne, Richmond and St Kilda below.

In this time Carlton, Fremantle, Melbourne and St Kilda haven't won a premiership.

Collingwood, Essendon, North, Port, Richmond and the Bulldogs have 1.

Adelaide, Sydney, West Coast have 2.

Brisbane and Geelong 3.

Hawthorn 4.

Can't argue that Port are in the average bracket at all.

[Corona Man]

Yep, I’ll take 12/4. Cheers.

[Spargo]

Can't argue that Port are in the average bracket at all.

But not “extremely disappointing” or “underachieving”...?