Crows post reduced surplus

[Asgardian]

here

The SANFL sure takes its pound of flesh

 

[WALL-e]

Before a 7 million gov grant and about 1 mil of expenses. Plus all the training facility expenses were included.

About a 7 mil net profit.

Not bad considering the financial situation over the past year. You'd imagine those numbers to increase.

 

[Cap]

here

The SANFL sure takes its pound of flesh

Well of course it does... they own the license!

Still a profit is a profit so that is a good thing.

 

[Docker Clint]

here

The SANFL sure takes its pound of flesh

Shareholders or company owners take a chunk of the profit. Nothing wrong with that.

 

[Riggy1]

Take that Rucci
You predicted we would lose money this year all the way back in March
Yet we made money
We're not as shit as Port Adelaide
We can make money under all circumstances

 

[Macca19]

"$600,000 payment towards AAMI Stadium's northern grandstand"

Whats this payment for exactly?

 

[Papa G]

.....The Crows' result comes with the context of the club paying more than $580,000 in a licence fee to the SANFL and a $600,000 payment towards AAMI Stadium's northern grandstand.....

So after paying the $400,000 "rent" each matchday, the Crows have to pay for the northern grandstand, an asset which they have no ownership in? I see.....

 

[Jars458]

Seing as we never get to see the financials its all a bit of a mystery.

As a not for profit body it doesn't really matter as long as our facilities are ok and we have enough money to fund the team. Last I heard we did ok in this regard

Don't get me started on the SANFL owning the Club.

 

[Papa G]

Seing as we never get to see the financials its all a bit of a mystery.

As a not for profit body it doesn't really matter as long as our facilities are ok and we have enough money to fund the team. Last I heard we did ok in this regard

Don't get me started on the SANFL owning the Club.

It is a mystery to me that so many of your fellow supporters, despite the club being nearly 20 years old, still see it as an extention of the SANFL and are happy that the majority of the income you produce goes to other greedy parties who do nothing to create the wealth.

 

[Malibu#27]

Seing as we never get to see the financials its all a bit of a mystery.

As a not for profit body it doesn't really matter as long as our facilities are ok and we have enough money to fund the team. Last I heard we did ok in this regard

Don't get me started on the SANFL owning the Club.

You are competing against clubs that retain their profits though. One day this will make a difference if say Hawthon keeps making $2 million profits, then down they track they will have a massive warchest which non-for profit clubs wont be able to compete against.

However you look at it, the SANFL is almost charging you a tax that many clubs dont get charged .... eventually this will impact.

 

[IddyBiddy]

Seing as we never get to see the financials its all a bit of a mystery.

As a not for profit body it doesn't really matter as long as our facilities are ok and we have enough money to fund the team. Last I heard we did ok in this regard

Don't get me started on the SANFL owning the Club.

Why can't we see the financials? Without knowing the entity type i am just guessing, but i assume at the very minimum members with voting rights have a right to request financial documents?

 

[WALL-e]

SHareholder can see them, not certain about members.

 

[aneale]

"$600,000 payment towards AAMI Stadium's northern grandstand"

Whats this payment for exactly?

presumably Port have to pay something towards this stand as well, they sell tickets in it, it was constructed after Port entered, I couldn't imagine that we are the only ones paying.

 

[Macca19]

I cant recall seeing any payments towards the stand previously, which was why I asked the question. This would be the first time that a payment towards the Northern stand has been specifically mentioned, as far as I have seen.

The SANFL make more than enough money, I dont understand why our clubs would be subsidising the stand.

 

[brucetiki]

SHareholder can see them, not certain about members.

Considering about 80% of members don't even have voting rights I'm not surprised Members don't have access to the financials.

Even Centrals shows their financials to their Members in their annual report

 

[Pietmans]

Do I really want my club to be turning a $7m profit each year?


The SANFL developes footballers, and is spread throughout the footballing community.

The AFL, and the Crows would never have that reach.

Its in the Crows, and the Powers interests to have a strong, and community based SANFL. Which needs funds to be able to do that. So in other words, if the crows can fulfill their finanical needs, then I have no worries at all with the SANFL taking a peice of the pie.

Yeah but they develop them for all 16 - soon to be 17 - clubs. Collingwood and Hawthorn aren't sending their profits towards developing players for the Crows.

The world has moved on and what seemed imperative in 1991 isn't so now. The SANFL needs to get out of the AFL clubs. The AFL, not the two SA based clubs through their propping up of the SANFL, should pay for the junior development etc in this state as they do elsewhere. Its only the SANFL protecting their own existence that stops that from happening as I understand it. The AFL is ready and willing to take control and have all football controlled under the same umbrella.

 

[Bicks]

Why can't we see the financials? Without knowing the entity type i am just guessing, but i assume at the very minimum members with voting rights have a right to request financial documents?

I'm sure a fully paid up full member of the AFC should be supplied with a full financial report from the club's Auditor as part of the Annual Report prior to the club's AGM, where questions from the floor re the Financial Report are usually answered......at least any of the club's I've been a paid up member of have always done. All members are entitled to a copy of the AFC's Constitution where all this is explained.

See the S.A rules for Sporting Clubs etc.

http://www.ocba.sa.gov.au/assets/files/02_association_rules.pdf

11.3 Accounts and reports to be laid before members
This rule applies to a prescribed association.
(It may be adopted for an association that is not prescribed)
The accounts, together with the auditor’s report on the accounts, the
committee’s statement and the committee’s report, shall be laid before
members at the annual general meeting.

8. General meetings
8.1 Annual general meetings
a. The committee shall call an annual general meeting in accordance with
the Act and these rules.
b. The first annual general meeting shall be held within 18 months after
the incorporation of the association, and thereafter within five months
after the end of its financial year.
c. The order of the business at the meeting shall be:
i) the confirmation of the minutes of the previous annual
general meeting and of any special general meeting held
since that meeting
ii) the consideration of the accounts and reports of the committee and
the auditor’s report (if auditor’s report is required)
iii) the election of committee members
iv) the appointment of auditors (if required - see rule 11.5)
v) any other business requiring consideration by the association in
general meeting.

 

[Zvim]

SHareholder can see them, not certain about members.

As a member of a club you have a legal right to access the financial information if you request it. Most people don't understand the legal obligations and rights of being the member of a club.

 

[Zvim]

Do I really want my club to be turning a $7m profit each year?


The SANFL developes footballers, and is spread throughout the footballing community.

The AFL, and the Crows would never have that reach.

Its in the Crows, and the Powers interests to have a strong, and community based SANFL. Which needs funds to be able to do that. So in other words, if the crows can fulfill their finanical needs, then I have no worries at all with the SANFL taking a peice of the pie.

The $7.1m was a government grant for new facilities, it wasn't included in the operating performance of the club as it is not part of the normal operation.

Of your normal income which was distributed out it seems about $1.2m was given to the SANFL.

I do agree SANFL is an important part of football in SA and in Australia.

 

[jo172]

Who gives a ****, we don't have shareholders as such, we really have little need to make profits, to be honest when they're increasingly extravagant it pisses me off a little considering consistent rises in match entrance and membership costs.

Don't worry Port supporters, I wouldn't expect you to understand.

What seems to be the difference here is that some supporters are more supporters of one club than they are of football in general, me, i love the game from kids, to ammos, to sanfl to AFL. If the Crows did anything to put the other forms of football at risk, or even downgrade their current levels just for the sake of padding out the bottom line it would make me sick. AFL clubs have a responsibility to football in general, not to themselves, something that tbh Port supporters don't get due to their SANFL sized chip on their shoulder.

 

[Macjoe]

Sorry, some misconceptions here.

Adelaide Football Club Limited, ABN no: 48908101568, ACN No: 008 101 568 isn't a "sporting club", it is an Australian Public Company, Limited by Shares and Guarantee. The Company was formed

''On May 21st, 1986, the SANFL formed a company, Adelaide Football Club Incorporated, with all issued shares in the said company owned by the league" [AFC website, or go to the site ABNLookup].
​

It is still wholly owned by the SANFL, so only that body receives its reports. The financial report mentioned in the article was never presented at a public meeting, however a copy has to be lodged with the Australian Companies watchdog, ASIC. A copy of the 20 page report can be purchased from a broker like Dunn and Bradstreet, reachable from the ASIC website. D & B charge $55 to allow a download of the document image.

When we talk about "our club", I'm sure we think of the players and coaching staff they employ to entertain us, but what it is actually is primarily a profit seeking enterprise.

Interestingly, the SANFL is run by Commissioners (Leigh Whicker, Rod Payze and their mates) who are appointed by the SANFL directors - 1 for each SANFL club and a 10th representing "affiliated leagues". So technically, if 5 or 6 of the SANFL clubs decided to ease their financial position, I guess they could instruct their director to require the commissioners to sell AFC Limited and its assets, and distribute the proceeds.

While I have always known this and it didn't use to concern me, I have become concerned that all reference to the reality of the AFC has disappeared from correspondence. I can't find any reference to Adelaide Football Club Limited on any of the last couple of years correspondence, but if you look at 2006 or earlier letters and flyers had that on the letterhead. Yet a quick visit to the Federal Government's business.gov.au site shows nothing has changed.

Why are CEO Trigg and his spinning assistants trying to blur reality?

 

[aneale]

[/I] The AFL is ready and willing to take control and have all football controlled under the same umbrella.

No, the AFL are ready to bastardise the game, destroy grassroots forever and ultimately change the name of the game from Australian rules football, to 'AFL' like they are already trying to do. They have become that arrogant that they believe they can re-brand everything in line with the name of a league. It's like calling basketball, NBA.

It's a ridiculous concept from ego maniacs who think they own the game. They don't. The SANFL and WAFL should hold out forever and keep their heritage so they don't end up AFL-SA and AFL-WA.

There is no way the AFL will put money into developing the SA or WA market, we are not developing markets, they don't preach to the choir, they are interested in taking over rugby country and that's where their millions will go, they don't put 10% into this State that the our clubs and the SANFL do. Grassroots to the AFL means making a special round and throw away money to a kicker of a supergoal before dutch rudders all round to celebrate how wonderful they are. Bravo them.

 

[Huntercrow]

And you honestly think they would get the same funding? They would get much less.


I care about the Crows, but I also care about our grass roots football. And the fact is the SANFL does alot more for grassroots footy then the AFL. Bar ofcourse AusKick, but thats more junior junior developement.

In summary, the AFC is financially healthy, I think its great that we are giving something back to our state football league,

I agree with this to a point but if the money is going back to the SANFL just to prop up unhealthy and poorly run clubs then this could be a waste of resources.

I don`t claim to be an expert on the current strengths of the SANFL. I remember the good old days but that was a long time ago! and I think we haven`t moved with the times.

Can we expect them to alone feed funds to 1 state?
Neither team has sole rights to any SANFL registered player, and I`m sure the likes of Adam Cooney, Bryce Gibbs, Alan Dydak, Jack Trengove, benefited directly from the financial input of the Crows and Power to the SANFL.

The Crows and Power on the other hand benefited from the interstate recruits which make up a good proportion of the squads and soon will come the day when they will outnumber the local lads and I have no problem with that at all!
The AFL is no longer about state boundaries, otherwise Crows and Power supporters would cheer for each other. (Tears of laughter!!)
The loyalty is at Club level and has been for a while.
This is how I believe (in my humble opinion) the AFL should operate...
The Clubs should only have to look after themselves financially and the AFL should have the responsibility of running grassroots football Australia wide!

What will happen if the Crows and Power both face a loss in the one year?
Will the SANFL still demand a set contribution be paid by both clubs?
In the long run I don`t see this system working.

 

[NTRabbit]

Well, one of the matches this year (can't remember which) the T shirt cannoneer fired one too high, and smashed up the AAMI sign hanging in front of the Northern Stand roof. A $600k repair bill from the SANFL sounds about right

 

[Riggy1]

Well, one of the matches this year (can't remember which) the T shirt cannoneer fired one too high, and smashed up the AAMI sign hanging in front of the Northern Stand roof. A $600k repair bill from the SANFL sounds about right

it was a game where it rained (North, Freo or Sydney)