Official Club Stuff 2022 Financial Results

[The_Wookie]

 

[Ports1870]

Port Adelaide Football Club 2022 Financial Results

The Port Adelaide Football Club has announced an operating profit for the 2022 financial year.

www.portadelaidefc.com.au

I know the club loves spinning financial reviews in a positive light so can someone smart explain if this is good or not?

 

[TazD]

Port Adelaide Football Club 2022 Financial Results

The Port Adelaide Football Club has announced an operating profit for the 2022 financial year.

www.portadelaidefc.com.au

I know the club loves spinning financial reviews in a positive light so can someone smart explain if this is good or not?

Sounds like we can afford to give Ken his pay....rise

 

[Papa G]

Port Adelaide Football Club 2022 Financial Results

The Port Adelaide Football Club has announced an operating profit for the 2022 financial year.

www.portadelaidefc.com.au

I know the club loves spinning financial reviews in a positive light so can someone smart explain if this is good or not?

On face value it does look good. Another $2.5 mill in debt reduction, again on face value seems good. What does that bring our debt down to? This has always been a bit of an Albatross.

 

[FishingRick04]

RussellEbertHandball did you see Richo in his letter to members advised 6 mil of debt reduced in 2 years. Interesting

 

[TeeKray]

Looks like a legitimately decent result to me. The AFLW would've contributed a decent chunk of that top line revenue growth.

 

[EskimoPAFC]

Brilliant stuff... what's the overall debt position?

 

[Ford Fairlane]

I am also pleased to confirm our financial result for 2022 is an operating profit of $3,463,522, which is another excellent result on the back of last year. This doesn’t include significant grant revenue associated with our re-development projects.

Importantly we’ve now been able to reduce our debt by almost $6.0m in two years, which is significant and a great reflection on the strength of the club.

 

[NoddyHolder]

So, what's the current debt?

 

[Enviable Tradition]

I'd be excited about debt reduction if i knew there was some concrete link between getting out of debt and regaining members control of our cub.

 

[RossFC]

So, what's the current debt?

Might be around 8-9mil.

 

[Rendaw]

Easy to cut debt when you dont pay for good coaches

 

[chiwigi]

I'd be excited about debt reduction if i knew there was some concrete link between getting out of debt and regaining members control of our cub.

Yup, are we paying this to own our own house or are we just paying the landlord rent in advance?

 

[all seeing eye]

Might be around 8-9mil.

So we had 15mil debt 2 years ago, wow.

 

[malcheski]

Might be around 8-9mil.

We were around the $12m mark in 2021, so i think its around the $6-7m mark

 

[RossFC]

So we had 15mil debt 2 years ago, wow.

We were around the $12m mark in 2021, so i think its around the $6-7m mark

I recall seeing a 14mil figure, so just joined the dots when I saw "almost 6mil" paid off.

 

[tribey]

Legitimately, how is this possible?

Has KFC given us a 10% cut of every second zinger burger sold?

 

[NoddyHolder]

Might be around 8-9mil.

Thanks for the answer Ross. I'd like a definitive answer though, rather than supporters having a guess based on what they remember it was last time the club were up front about it.

 

[all seeing eye]

We were around the $12m mark in 2021, so i think its around the $6-7m mark

Bf accountants, please clarify.

 

[tribey]

So, what's the current debt?

Ballpark ~$6,000,000 if it’s all true.

 

[thundercloud]

Great financial result.

 

[RussellEbertHandball]

RussellEbertHandball did you see Richo in his letter to members advised 6 mil of debt reduced in 2 years. Interesting

So prima facie its back down to about 2014 levels of $6m. All AFL covid debt should have been paid off then.

 

[PatientMental]

So prima facie its back down to about 2013 levels of $6m. All AFL covid debt should have been off then.

Lmao were back to 2012/13 off field and on field.

A decade and 0 movement

 

[RossFC]

View attachment 1573470

Ballpark ~$6,000,000 if it’s all true.

3 months after this article, we had a chasing greatness fund launched that had a 14mil 13mil target. I think that's what I was remembering.

 

[NoddyHolder]

Lmao were back to 2012/13 off field and on field.

A decade and 0 movement

How's the stability