- Jun 12, 2012
- 20,451
- 65,048
- AFL Club
- Port Adelaide
We should really change the thread title to reflect the fact that we posted a loss. People at the club read this board and they should know that we don’t buy the bullshit.
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Mickey Mouse pre depreciation profit, hides a real loss - might be appropriate tittle.We should really change the thread title to reflect the fact that we posted a loss. People at the club read this board and they should know that we don’t buy the bullshit.
We are a classic cyclical club just like about 9 or 10 others of the other 15 older clubs.
History repeats its self. See 2001-04 years or even 2001-07 years followed by the next 5 or 6 years.
Its why we need 3 or 4 years of continuous top 4 results where at least AO lets us bank something ($300k per 50k crowd final) compared to Footy Park and we need China to take off. That's why Lockhart Road has cracked the shits at the club. The club is dawdling and its on field performance is making things even worse to get that big fish out of China over an above the opportunity Mr Gui has given us.
There has to be a mass clean out at the end of 2020 if we dont make a GF at least. Koch and 5 or 6 of his board members can go, can't get rid of all of them at once. Hinkley can go bugger paying him out, as there should have been a 2+1 contract put in place when we rushed to sign him for 3 years when he still had 2018 to go. Davies can go, lets go get Josh Mahoney who is doing very good things at Melbourne. KT can go, Cripps and Parker can go, several of our older players will be gone by then.
Trouble with mass clean out is that if you dont have the right people taking over, you slump to the bottom very quickly.
KOCH ANNOUNCES BULLSHIT PROFIT (?)We should really change the thread title to reflect the fact that we posted a loss. People at the club read this board and they should know that we don’t buy the bullshit.
I If our membership dips and our crowds drop off, we are back to 2012 and borrowing back all the debt we've paid off.
We're going nowhere fast and sponsors know it. All it takes is one look at our financials year in year out and they walk away.
KOCH ANNOUNCES BULLSHIT PROFIT (?)
So we need to find a sponsor that will give us 700k a year + play 1 home final to break even in 2019?
A bit but if you are paying 21 guys $100 a game and 18 games or even 21 if they make finals that's only around $40k. No idea what coaching wages would be and other costs for the team, but if they are cranking up the academies most of those non player wages cost could be transferred to the academies.Do we save much money by no longer having a magpies reserves side?
I assume our salary cap spend is down?
We just need to pay kenny less and everything will be fine!
THIS IS HOW MUCH MONEY PORT ADELAIDE’S CHINA GAME WILL MAKE NEXT YEAR
Nov 1, 2018
Port Adelaide chairman David Koch says next year’s Shanghai game will make the club “half a million dollars”.
“This is just between you and me,” (wink wink nod nod) Kochie told FIVEaa’s Rowey and Bicks on Wednesday. “Our budget for China next financial year, our financial year starts tomorrow -- we’re going to make half a million dollars out of it.
“Remember, we are only doing this because we want to make sure our football department is fully funded every single year.
“To do that you’ve got to build different income streams into the club. We think having pubs and pokies is a thing of the past. You’ve got to do something differently that also gets you away from the competition of 17 other AFL clubs.
“It is a long, hard road and we have thrown everything at it and it has put the off field part of the club under enormous strain, particularly KT [Keith Thomas, CEO] and his executives.
“But we’ve got this dream and after two really hard years to get it up and going I think the commitment for another three years, a Melbourne team, corporate Australia is now starting to show some interest… Chinese corporates have supported us for the last two years, so the game is now completely underwritten.
“There’s no downside for us whatsoever and its only upside. We’re pretty excited.
“It was a big plan, it was a bold plan -- we’re determined to pull it off. Next year it looks as though will be the real turning point for us.”
Personally I have issues with those sort of statements. It was very much the same when we played games in the NT.THIS IS HOW MUCH MONEY PORT ADELAIDE’S CHINA GAME WILL MAKE NEXT YEAR
Nov 1, 2018
Port Adelaide chairman David Koch says next year’s Shanghai game will make the club “half a million dollars”.
“This is just between you and me,” (wink wink nod nod) Kochie told FIVEaa’s Rowey and Bicks on Wednesday. “Our budget for China next financial year, our financial year starts tomorrow -- we’re going to make half a million dollars out of it.
“Remember, we are only doing this because we want to make sure our football department is fully funded every single year.
“To do that you’ve got to build different income streams into the club. We think having pubs and pokies is a thing of the past. You’ve got to do something differently that also gets you away from the competition of 17 other AFL clubs.
“It is a long, hard road and we have thrown everything at it and it has put the off field part of the club under enormous strain, particularly KT [Keith Thomas, CEO] and his executives.
“But we’ve got this dream and after two really hard years to get it up and going I think the commitment for another three years, a Melbourne team, corporate Australia is now starting to show some interest… Chinese corporates have supported us for the last two years, so the game is now completely underwritten.
“There’s no downside for us whatsoever and its only upside. We’re pretty excited.
“It was a big plan, it was a bold plan -- we’re determined to pull it off. Next year it looks as though will be the real turning point for us.”
THIS IS HOW MUCH MONEY PORT ADELAIDE’S CHINA GAME WILL MAKE NEXT YEAR
Nov 1, 2018
Port Adelaide chairman David Koch says next year’s Shanghai game will make the club “half a million dollars”.
“This is just between you and me,” (wink wink nod nod) Kochie told FIVEaa’s Rowey and Bicks on Wednesday. “Our budget for China next financial year, our financial year starts tomorrow -- we’re going to make half a million dollars out of it.
“Remember, we are only doing this because we want to make sure our football department is fully funded every single year.
“To do that you’ve got to build different income streams into the club. We think having pubs and pokies is a thing of the past. You’ve got to do something differently that also gets you away from the competition of 17 other AFL clubs.
“It is a long, hard road and we have thrown everything at it and it has put the off field part of the club under enormous strain, particularly KT [Keith Thomas, CEO] and his executives.
“But we’ve got this dream and after two really hard years to get it up and going I think the commitment for another three years, a Melbourne team, corporate Australia is now starting to show some interest… Chinese corporates have supported us for the last two years, so the game is now completely underwritten.
“There’s no downside for us whatsoever and its only upside. We’re pretty excited.
“It was a big plan, it was a bold plan -- we’re determined to pull it off. Next year it looks as though will be the real turning point for us.”
Genuine LOL moment.
I can’t be the only one to have paid the guaranteed grandfinal ticket supplement...Increased membership costs help.
Depreciation is a decrease in value on land, equipment, buildings, yes? So we claim an end of year depreciation as a liability for tax minimization in our profit and loss yet at the same time the land value has increased substantially.
Depreciation is a bit of a paper expense and does not normally result in money going out unless you are replacing things like gym equipment but that's listed as a different liability (i think)
You don't depreciate land holdings. It usually appreciates or holds its value. Its that appreciation over time that organisations adjust their balance sheet to reflect that increase in equity/net assets position like we have obviously done this year.Depreciation is a decrease in value on land, equipment, buildings, yes? So we claim an end of year depreciation as a liability for tax minimization in our profit and loss yet at the same time the land value has increased substantially.
Depreciation is a bit of a paper expense and does not normally result in money going out unless you are replacing things like gym equipment but that's listed as a different liability (i think)
Ropeable!