Janus
Advocatus Diaboli
- Sep 9, 2007
- 23,364
- 57,159
- AFL Club
- Port Adelaide
- Other Teams
- Dallas Cowboys, Chicago Bulls
How are we struggling? on or off the field?
Off the field. Unless you're shifting home games to Ballarat for fun? Hawthorn did the same when they were struggling and I guess you're trying to do the same - but I doubt Ballarat is going to give you a multi million dollar sponsorship deal like Tasmania gave the Hawks.
You won the flag yet you're still posting BS "operating profits" to make it sound like you're making more money than you actually are. Operating profits are what clubs use to cover up losses. Last year it was $2.6m yet you only really made something like 350k in actual profit with a director putting in 500k out of his/her own pocket...you can see that you're living on the smell of an oily rag. In fact, if that director hadn't contributed to the Spirit West Foundation, you would have posted a loss last year.
In fact, in 2013, you received ANOTHER interest free loan from a director for $1m that was paid off last year but subsequently 're-donated' to the club, most likely as a tax write off or something.
It's all smoke and mirrors down at Whitten Oval. At least when we post a profit, it's a genuine profit based on football operations and not based on how deep the pockets of our directors are.