Debt Free

[Enviable Tradition]

This deserves its own thread.

Whilst many of here have been critical of the on field results, especially in finals, there can be no doubt that those in charge have done a very good job at the financial side of the club.

This has been crucial for us to continue to exist and also to be able to compete financially with the rest of the AFL clubs.

Let's leave the on field stuff aside for a moment and celebrate what the club has done well here.

From the CEO: 11 November, 2025

CEO Matthew Richardson has penned a letter to members, supporters and partners.

www.portadelaidefc.com.au

 

[Doctor Feel]

Yay

 

[Onward To Victory]

Good news, but almost all clubs are pulling in record revenue and profits. The real question is, relatively speaking, are we doing better or worse than our competitors? I don't know the answer to that one.

Also, we are likely to be debt-free on October 31 and then immediately take on new debt to fund the Alberton Oval redevelopment...

 

[dav3]

Good news, but almost all clubs are pulling in record revenue and profits. The real question is, relatively speaking, are we doing better or worse than our competitors? I don't know the answer to that one.

Also, we are likely to be debt-free on October 31 and then immediately take on new debt to fund the Alberton Oval redevelopment...

I guess there's a difference between debt from loans due to financial issues, and debt for building an asset.

 

[port_adelaide_1870]

pretty impressive I guess

 

[ibd77]

I guess there's a difference between debt from loans due to financial issues, and debt for building an asset.

Good debt that comes with ROI.

 

[edgie]

How long are we gonna be debt free and still receiving tarps jokes?

 

[bomberclifford]

UNBELIEVABLY DEBT FREE
GIVE A SHIT

 

[ibd77]

Debt free, give the club back to the members where it belongs.

 

[longdonkey]

I saw a chart that said a couple years ago we were number 3 in the league for sponsorships. Higher than Collingwood. I don't want to speculate if Gupta money was included in that amount.

 

[240volt]

It’s good news , with the amount of money there is in AFL today it was always going to happen but still it’s great to have a clean slate now.

 

[240volt]

Debt free, give the club back to the members where it belongs.

Nice idea but it won’t happen

 

[jakey]

I saw a chart that said a couple years ago we were number 3 in the league for sponsorships. Higher than Collingwood. I don't want to speculate if Gupta money was included in that amount.

Carn

 

[Tibbs]

It's not true until REH confirms it!

 

[OnTheWagon]

Are we carbon neutral yet

 

[El_Scorcho]

The shareholders will be very happy

 

[glitch01]

It's not true until REH confirms it!

With a final confirmation from Big Dog!!

 

[RussellEbertHandball]

Helps that you collect several million dollars of next year's membership fees, before next season starts or next financial year starts.

ALL CLUBS DO THIS BULLSHIT TO MAKE CASHFLOW LOOK GOOD FOR THEIR 31ST OCTOBER BALANCE DATE.

 

[EskimoPAFC]

Bloody well... done

 

[PowerBaz]

UNBELIEVABLY DEBT FREE
GIVE A SHIT

Did Tredrea make us debt free?

 

[PowerBaz]

Helps that you collect several million dollars of next year's membership fees, before next season starts or next financial year starts.

ALL CLUBS DO THIS BULLSHIT TO MAKE CASHFLOW LOOK GOOD FOR THEIR 31ST OCTOBER BALANCE DATE.

So it’s not good news?

 

[RussellEbertHandball]

So it’s not good news?

Its consistent news with what we have been doing for 8 years and started in the AFL industry about 10 or 11 years ago and everybody does, so we are comparing apples with apples across the industry.'

Its become standard, but I have a dislike of clubs asking members to pay next years membership fees before next year's financial year starts.

You pay in October but don't start getting the main benefit until March. Its not like a golf membership or gym membership where you pay in October and start getting to use the facilities and a benefit from 1st November.

 

[Steve Dore]

Helps that you collect several million dollars of next year's membership fees, before next season starts or next financial year starts.

ALL CLUBS DO THIS BULLSHIT TO MAKE CASHFLOW LOOK GOOD FOR THEIR 31ST OCTOBER BALANCE DATE.

Is membership revenue received for next financial year's games classed as deferred income and therefore a liability on the balance sheet?

 

[Steve Dore]

Are we carbon neutral yet

This is the really important question that Bitcho needs to address.

 

[RussellEbertHandball]

Is membership revenue received for next financial year's games classed as deferred income and therefore a liability on the balance sheet?

Yes, it doesn't affect profit for the current year, but it makes cash at bank/debt look better than if you waited a month.