- Sep 27, 2019
- AFL Club
Quick little video we made outlining the various ownership structures in the AFL... lets see how long this stays up to date for
its not just the tigers who can appoint up to 3 members of the board directly by the board - theres 3 other clubs that can including Brisbane (up to 4 board appointments), Western Bulldogs and Essendon.Quick little video we made outlining the various ownership structures in the AFL... lets see how long this stays up to date for
Where is that written Wookie? If its in Port's constitution, I either completely missed it when I read the new 2013 Constitution that went up on the website in early 2014 and several times since, or they have amended the constitution and I haven't seen that amendment.And while Port and Adelaide are both currently AFL controlled that has a definitive end in 2029.
its in the adelaide one.Where is that written Wookie? If its in Port's constitution, I either completely missed it when I read the new 2013 Constitution that went up on the website in early 2014 and several times since, or they have amended the constitution and I haven't seen that amendment.
Development Grant Completion Date means 31 October 2028 (or such earlier time as the AFC and the AFL agree);
7.2 Cessation of AFL Membership
(a) The AFL will cease to be a Member on the Development Grant Completion Date.
definitely not in there, last constitution is the 2013 one (its the same as the one uploaded to ASIC in may 2014)Will have to look closer at Port''s one. Year ended 31/10/28 is the year of final instalment by both clubs to the SANFL for buying back the licence.
Probably need a lawyer to clarify it but the way I read all of 7.1 and 7.2 and 8.1, I interpret those three clauses read together as the AFL no longer is a member after 31/10/28 and therefore can't attend meetings but under clauses 19 to 26 the AFL still retain their power to appoint directors.definitely not in there, last constitution is the 2013 one (its the same as the one uploaded to ASIC in may 2014)
So how does the money flow?The_Wookie this clause I think says you are right.
56. AFL Licence
(a) The terms of the Licence Agreement prevail to the extent of any inconsistency between this constitution and the Licence Agreement.
(b) Notwithstanding any other provision of this constitution, until the Development Grant Completion Date this constitution may not be amended in any way unless the relevant amendment has been approved by the AFL in its absolute discretion. Each resolution seeking or approving an amendment to this constitution will by virtue of this clause be conditional on the approval of the AFL.
NoAnd the WAFC is owned by...... WAFL Clubs?
Who elects the board?No
Overview of the WAFC The West Australian Football Commission (WAFC) is a not for profit sports association that acts as the caretaker of football throughout the State. Football is the best resourced sport in WA with a unique model that delivers funding from the elite AFL competition back through...www.wafootball.com.au
WA Football financial sustainability measures Thursday, March 26, 2020 - 6:35 PM
The West Australian Football Commission today announced a broad range of financial sustainability measures to support WA Football during the Coronavirus crisis.
So the money flows from the clubs to the SANFL? I've not looked as I should, sorry.What do you mean?
The crows and Port are buying back their licence from the SANFL over 15 years. 2028 is the final instalment.
There is nothing apart from that, that is different to the club owned by members in Victoria.
And from very early on, pre V/AFL days they appointed independent people onto the WAFC, with no specific club allegiance, ie they may have been a member of a WAFL club, but weren't or even been CEO or on the board on a WAFL club.
I'm happy WA resisted the AFLs desire to do that over there. Paying to own your own club doesnt sit right with me, a recipe to be poor for 10 years.Only in respect to that licence fee purchase. They didn't have te monies to buy it up front so 15 year buyback was set up as part of move to Adelaide Oval.
I did a spreadsheet when the deal was done in early 2014 and the starting point was approx crows 630k and Port 350k and they were both indexed each years by 2.5% to get the final figure that was published in the media at the time. The total contribution over 15 years is crows $11.X mil and Port $7.Y mil and total was a touch under $19 mil.Crows pay a small dividend every year - about 600k I think - port havent made enough to pay for a while, or they dont have to - im unclear on this, but REH will know
Port treat it as an operating lease, and crows effectively treat it as a finance lease with out calling it that. In 2014 to hide a large loss they showed an abnomal expense of Development of Football in SA (15 yr grant) $(8,440,845), with was the discounted cash flow figure of that $11.xm so they hid a large operating loss, but the other side was a large non current payable liabilityI'm happy WA resisted the AFLs desire to do that over there. Paying to own your own club doesn't sit right with me, a recipe to be poor for 10 years.
A shame the SANFL doesnt have any redeeming features.
Do the clubs carry the liability on the Balance Sheet?
On the surface that's a positive, tempered somewhat by the fact that the WAFC appoints all the directors of both AFL clubs anyway.