News Former Major Partner - GFG

[parano1a]

I never had any idea what GFG was, but I always subconsciously read it as "Go Get F****d".

 

[SparklingAle69]

The umbilical cord has to be cut. As administrators have been appointed, Port just become an unsecured creditor and the administrator has no obligation to try an pay the banks other lenders and general trade creditors. If over a couple of years time PAFC get 10 cents in the dollars owing to them, they would have done well.

We won't see the dude in Australia ever again, just my thoughts. I wonder what happens to his mansion in Sydney. Maybe Kochie as a parting favour should raid it, sell it for a quick sale and give us tragic Port supporters a little bit of pocket money.

 

[gbear]

We won't see the dude in Australia ever again, just my thoughts. I wonder what happens to his mansion in Sydney. Maybe Kochie as a parting favour should raid it, sell it for a quick sale and give us tragic Port supporters a little bit of pocket money.

All his properties are conveniently in his wife’s name!

 

[ibd77]

We won't see the dude in Australia ever again, just my thoughts. I wonder what happens to his mansion in Sydney. Maybe Kochie as a parting favour should raid it, sell it for a quick sale and give us tragic Port supporters a little bit of pocket money.

Off to Majorca Spain at the Skase residents.

 

[SparklingAle69]

All his properties are conveniently in his wife’s name!

Yeah not surprisingly. But Imagine the neighbours seeing the fraud sunning himself on a Sydney balcony.......you'd have to call him out? Neighbours would know who's house it is. He's been run out of South Australia today like the criminal he is, must be run out of Australia like a few other countries. He's leaving a trail of destruction. I'm stunned how he sleeps at night, waiting for that hit man.

 

[Andy_B]

Totally unexpected from The Advertiser.

View attachment 2230153

Just put some tape over the logo.

Even if it just elastoplast

 

[SparklingAle69]

One more year of Hinkley is almost like Whyalla hanging on for one more year of Gupta. On a bigger scale. Whyalla has had its relief today. Let's hope my Port Adelaide can have its relief soon and my home town and my Football Club can rebuild together.

 

[gbear]

Just put some tape over the logo.

Even if it just elastoplast

Hell a use a sharpie to colour it in!

 

[SparklingAle69]

Off to Majorca Spain at the Skase residents.

Hes running out of places to hide and rip off. His main residence is in Dubai. Wait until he pi$$es them off. Mind you he'll be a ghetto dweller amongst that lot.

 

[raptalia]

Koch all over tonight's TV news talking, no worries we took steps to 'futureproof' our Club. Of course Koch didn't explain exactly what 'futureproofing' meant. Does it mean we have already ordered a set of guernseys without the GFG logo ?

 

[parano1a]

Just put some tape over the logo.

These iron-on patches are going cheap on ebay...

 

[StrappingTape]

Great now we all lose even more money. Couldn't make this up if you tried.

 

[SonOfKek]

Why don't we just rush at the board members, and throw them onto the first freight train to Alice Springs? While they're gone, we take over the club as members/owners?

 

[Duckimus Prime]

Last piece of merch/memorabilia I bought..

View attachment 2230072

Is it ironic that this top was worn by the team with a MG sticker over the front GFG logo?

 

[Jonts]

Huge lol at David Koch saying there is no issue at the AGM
Then Matthew Richardson doubling down just last week

 

[gbear]

Huge lol at David Koch saying there is no issue at the AGM
Then Matthew Richardson doubling down just last week

Says a lot about the current state of the club!

 

[backtozero]

Always feels like we struggle for sponsorship whole other clubs have big names taking up guernsey real estate for little to no effort at all. It makes no sense.

 

[Byrons Firen]

Always feels like we struggle for sponsorship whole other clubs have big names taking up guernsey real estate for little to no effort at all. It makes no sense.

'twas ever thus.

If it was raining shit we'd be yawning

 

[MrPlow]

Does anyone know if the club financials recorded GFG sponsorship entitlements as income despite not being received?

If so, was GFG listed as a debtor for the accrued income?

Curious

 

[Chewy316]

Huge lol at David Koch saying there is no issue at the AGM
Then Matthew Richardson doubling down just last week

In all seriousness, what is he supposed to say at the time?

Until things go belly up, it's very much a case of "everything's fine." This applies to pretty much every sponsorship for any team. Port were never going to back out of GFG's sponsorship until the point of no return, which was clearly this morning.

The bigger question is how quickly Port pivot to replace the money from GFG's sponsorship. An astute sporting Club would have a few contingencies lined up. That is not to say any of us should expect a replacement sponsor by tomorrow morning, but I think it's reasonable to expect something lined up by round 1.

 

[JimmyBC]

The bigger question is how quickly Port pivot to replace the money from GFG's sponsorship. An astute sporting Club would have a few contingencies lined up. That is not to say any of us should expect a replacement sponsor by tomorrow morning, but I think it's reasonable to expect something lined up by round 1.

You would hope so considering the GFG situation has been flashing like a big fukcin' beacon for quite some time.

 

[Byrons Firen]

Does anyone know if the club financials recorded GFG sponsorship entitlements as income despite not being received?

If so, was GFG listed as a debtor for the accrued income?

Curious

I like the cut of your gib,

get the Bunsen burner on the Kock

who looks a shadow of a his former self

 

[Jonts]

In all seriousness, what is he supposed to say at the time?

Until things go belly up, it's very much a case of "everything's fine." This applies to pretty much every sponsorship for any team. Port were never going to back out of GFG's sponsorship until the point of no return, which was clearly this morning.

The bigger question is how quickly Port pivot to replace the money from GFG's sponsorship. An astute sporting Club would have a few contingencies lined up. That is not to say any of us should expect a replacement sponsor by tomorrow morning, but I think it's reasonable to expect something lined up by round 1.

There's a huge middle ground between what they said and blowing up the relationship in a way that looks shit to future sponsors


To argue or think otherwise is obtuse

 

[Interstater]

Shouldn't his meercat insurance company be sponsoring the club?

 

[Enviable Tradition]

In all seriousness, what is he supposed to say at the time?

Until things go belly up, it's very much a case of "everything's fine." This applies to pretty much every sponsorship for any team. Port were never going to back out of GFG's sponsorship until the point of no return, which was clearly this morning.

The bigger question is how quickly Port pivot to replace the money from GFG's sponsorship. An astute sporting Club would have a few contingencies lined up. That is not to say any of us should expect a replacement sponsor by tomorrow morning, but I think it's reasonable to expect something lined up by round 1.

I'll be interested to see if the state government guarantee the creditors to be repaid when the asset is sold.

We might still get our $$

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