Macca19
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- #26
Re: Re: Re: Re: Beyond a joke
Learn your facts choppy. you can quote papers all you like but it doesnt change a thing. Port had to pay back the licence fee at $800,000 per year...which was exactly twice the amount that the Adelaide Football Club had to pay it back, that West Coast payed it back, and Brisbane...And Freo.. Port spoke to the AFL about this, and they changed it to make it fair with the other clubs that joined the AFL. It does ease the burden, and it makes it fair seeing as Adelaide and every other club paid the licence back at $400,000 per year.
Originally posted by choppy
Yes, the AFL has a proud history of propping clubs up, Fitzroy springs to mind. But Port is not being propped up are they.
This article from The Adelaide Advertiser on 23 Novermber last year is obviously completely wrong.
PORT Adelaide has had its financial burden eased with the AFL giving the Power an extra three years to pay off its $4m licence fee.
In a deal brokered between the AFL and SANFL, the Power will now be required to pay the remaining $1.6m of its licence fee over the next five years rather than the $800,000 it was due to pay in each of the next two years.
"It will allow us to enhance our profitability over the next couple of years."
The refinancing of Port's licence will improve the club's financial situation by more than $400,000 in 2001 and 2002.
Tell Macca, How do you make those profits. By not paying your licence fees?
I wonder who the tool is? What are the facts Macca? Enlighten me. Please.
Learn your facts choppy. you can quote papers all you like but it doesnt change a thing. Port had to pay back the licence fee at $800,000 per year...which was exactly twice the amount that the Adelaide Football Club had to pay it back, that West Coast payed it back, and Brisbane...And Freo.. Port spoke to the AFL about this, and they changed it to make it fair with the other clubs that joined the AFL. It does ease the burden, and it makes it fair seeing as Adelaide and every other club paid the licence back at $400,000 per year.







). 