Analysis AFC finances - Rich Club, Poor Club?

[brucetiki]

So we had a better year financially last season than in the final few years of Trigg?

 

[Geoffa32]

Thanks for your efforts Deaneus, very interesting, was a pretty good result considering the circumstances.

Interesting that the SANFL still got their $400k for last season when we unable to play in their comp, bloody grubs.

Edit: Not $400k, up to $442 last year, this year will crack $450k. Pffftttt move us to the new Eastern comp ASAP.

I would hope the question was asked about not having to pay that.



Sent from my SM-G965F using Tapatalk

 

[hey shorty]

So we had a better year financially last season than in the final few years of Trigg?

Seems impossible

 

[DJ75]

Seems impossible

Pretty sure it had to do with a write-down of the facility at Footy Park??

 

[hey shorty]

Pretty sure it had to do with a write-down of the facility at Footy Park??

Must have done.

 

[Golumless]

Seems impossible

I believe it. Trigg was flaming garbage when it came to managing our financial situation.

Noting the last year of Trigg wasn't an aberration.

 

[jenny61_99]

Deaneus mate, come on, you can do better. your just settling.

I reckon his wife might have an issue....

 

[Deaneus!]

With the news we’re selling the Giants, there’s this little tidbit:

What we know today, Friday July 16 - InDaily

NSW has recorded 97 new locally acquired COVID-19 cases, 29 of which were out in the community while infectious, while Victoria has recorded six new cases on the first day of its latest lockdown.

indaily.com.au

Crows call time on baseball venture
The Adelaide Football Club is looking to sell its baseball franchise The Adelaide Giants, calling time on a three-year venture into the sport.

The club says it is currently in talks with prospective buyers and has formally notified Baseball Australia of its intention to sell.

The Crows took full ownership of the baseball franchise in 2018 and rebranded it from the Adelaide Bite to the Giants.

Crows CEO Tim Silvers said the football club’s debt – which was more than $4.5 million at the end of 2020 – has forced the organisation to take a new direction.

“A great deal has changed since the Club acquired the baseball licence and like all professional sporting clubs, we have been heavily impacted by the global pandemic,” Silvers said.

“This has forced us to take on debt and significantly reduce our staffing levels and we are pushing ahead with an 18-month strategic recovery plan.”

He said the club still wants to the see the baseball club’s potential realised and it maintains “an important place in the South Australian sporting landscape”.

Crows chairman John Olsen, appointed in October 2020, indicated as early as November last year the club would be reviewing its non-football ventures.

These activities, pursued under former CEO Andrew Fagan, include ventures into eSports and lifestyle media.

Olsen in January said these ventures “need to be considered in the new environment in which we operate”.

Baseball Australia CEO Glenn Williams said on Thursday the Crows had made a “significant contribution” to the Giants’ growth on and off the field.

“We remain committed to working closely with the Crows to find a new licensee for the Giants who will continue to contribute to growth of the ABL and baseball in South Australia,” Williams said.

********

oh wait, it’s in the financials, all good, it’s not new, my bad

 

[Mego Red]

What would you get if you sold a baseball license?

 

[Geoffa32]

What would you get if you sold a baseball license?

$2.50


Sent from my SM-G965F using Tapatalk

 

[Sanders]

What would you get if you sold a baseball license?

Out from under a rock

 

[Scorpus]

What would you get if you sold a baseball license?

Probably a net loss and a write down

 

[Deaneus!]

What would you get if you sold a baseball license?

fingers crossed, enough for a down payment on a freehold site in Brompton