Analysis AFC finances - Rich Club, Poor Club?
- Thread starter Deaneus!
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- Oct 3, 2003
- 26,916
- 30,910
- AFL Club
- Adelaide
- Other Teams
- Soft spot for Brisbane
What we're investing in training facilities? Member retention? IT and tech infrastructure?
I have no idea really. But I wouldn't want AFL House having to approve every expense that's not bound by the cap. That literally removes every competitive advantage you have being a stronger club.
- Sep 30, 2014
- 18,956
- 40,126
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- Adelaide
Spend
Based on the evidence before us, you'd have to think we're not really making the most of those advantages anyway.
Not really. The selected candidate could have come at a cost within the AFL's approved budget but they vetoed the person despite the $ being ok.
If it's not being fed into the footy dept how does it help us perform better on the field.
Wonder what their limit is. Personally, I reckon paying a club CEO nearly a million dollars per year is too much. These aren't complex business systems. I don't think we'd be in any worse a position if we went with a $500k CEO instead of Fagan.
We weren't really all that financially comfortable before covid.
- Oct 3, 2003
- 26,916
- 30,910
- AFL Club
- Adelaide
- Other Teams
- Soft spot for Brisbane
The footy department is just wages of a few dozen staff, isn't it?
I assume there's a bunch of ways to invest in the club outside of footy department - like giving them the best training facility, and recovery equipment, and strength and conditioning gear, and recruiting data. I'm sure there would be a massive list of things that could be done better with more resources.
- Oct 3, 2003
- 26,916
- 30,910
- AFL Club
- Adelaide
- Other Teams
- Soft spot for Brisbane
Perhaps. But the AFL demanding that a line of credit is paid back before money is spent on new training facilities would be a lot worse.
This is probably the main reason for going the commercial LoC over AFL handout.
With historically low interest rates, the repayment amount going commercial instead of the handout works be negligible.
Could even be part of the Bendigo Bank sponsorship, ie pay even less interest instead of cash received on sponsorship.
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I don't think so. I think it's all football related costs, not just wages. The below certainly suggests it'll limit spending on gym equipment. Reality is that even the mega earners (Eagles, pies, hawks and tigers) don't go over the cap and incur the 100% tax. There's been very little overspend since it came into force.
Making the new cap fit: managing the football department spend
Managing football department spending is the next frontier for clubs
Not really, the covid thing is a couple of years. Moving to new training facilities should take longer than that. But Olsen does seem keen to get into bed with the SANFL at Thebby in a hurry. Not that he impacted on the borrowing decision, that direction was decided months ago. Must have been tight seeing how long it took.
My recollection of the 2019 annual report was that we were probably 3 good years away from having a solid cash base. Gut feel is that our 3 outside footy dalliances are costing us a fair bit.
- Sep 30, 2014
- 18,956
- 40,126
- AFL Club
- Adelaide
Opposite. Port had a preferred candidate. AFL wouldn’t sign off on the spend. Notice that Richardson’s role as “executive general manager” hasn’t been replaced. They are basically the exact same structure but without Keith Thomas.
Olsen should have nothing to do with the negotiations for financing. Not that he was with the club when it was actually negotiated.
CEO and other staff negotiate, then present to the Board for sign off.
Board should not be involved in the day to day. Including Roo.
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I wasn't suggesting either, just submitted a hypothetical that contradicted Sanders statement. My view is that Port need to resource fir a better CEO than us, much more financially challenged business.
Not really. Keep the board out of football operations and micro managing the business for sure. But if you've access to high level banking expertise at board level that's willing to pitch in for the benefit of the club, then you take that opportunity every day of the week. Having Chappy on the football strategy committee is where it all goes wrong.
- Sep 30, 2014
- 18,956
- 40,126
- AFL Club
- Adelaide
Port Power fans. If you think I’m wrong, grow a set of balls and debate me on here so I can correct you. Don’t tag me onto your board, you ******* cowards.
bomberclifford
Importer/Exporter
- Sep 30, 2014
- 18,956
- 40,126
- AFL Club
- Adelaide
Ask your mate who tagged me onto your board. He seemed aroused.
bomberclifford
Importer/Exporter
So nothing of substance, as usual.
- Sep 30, 2014
- 18,956
- 40,126
- AFL Club
- Adelaide
Again, it’s not hard. Your friend thought to tag me onto your board and have a laugh. He (or you) can tell me what the issue is. Or you can be a chump.
bomberclifford
Importer/Exporter
The issue is that this is the first I’ve heard of the AFL vetoing our choice of CEO.
I‘m interested in hearing about your source.
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