Crows post reduced surplus

[aneale]

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

haha, i almost caught some of that, on the way to my seat. It was a day game. Sydney didn't rain, it was a beautiful sunny day

 

[Bicks]

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?

Thanks for that Macjoe, very interesting indeed!!!!

I take it Port Power are set up exactly the same as the AFC?????

Do the WC Eagles and Freemantle Dockers have the same set up with the WAFL?????

 

[Macca19]

members of the PAFC get the annual report at the end of the year as part of the membership, which details all the financials. So Adelaide members dont get one of these?

 

[Papa G]

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.

You give these twats and the SANFL far too much credit. They are just self interested as are the clubs (which is just human nature), but to make them out to be the saviours and protectors of footy in this state is at best naive. Wrote this on another thread but it applies here....

....I'd argue that being the second best competition in Australia actually hinders the development of football in SA, not enhances it. The SANFL is full of not quite good enough AFL players from all over Australia chasing the dollars (which the Crows and Port provide) and less and less locals are getting a run. I think last years SA state team contained the grand total of 6 South Australians. Is this what it's come to? Is this what being the second best league in Australia means? The WAFL it is claimed, has been a basket case for years but WA over the last decade have been getting far better results at the Under 18 Championships and are producing more recruits to AFL lists. And guess what, under their structure their 2 AFL clubs make much more money than our 2. They must be doing something right.

 

[Crow-mo]

here

The SANFL sure takes its pound of flesh

why wouldn't they? they own the assets.

 

[Crow-mo]

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.

its not a mystery to you, its the convenient necessity of your own position that blinds you.

your club is worth nothing without the license, and we're about the same.

however, you guys NEED to believe that you are the main entity and you are being leached. when in truth, the SANFL owns (rightly) the only real income producing asset going, the right to participate in a highly lucrative market - which you guys in particular, are underperforming economically.

bitching about the SANFL is as naive and uninformed as a poorly performed McDonalds franchise complaining about monthly franchise fee. without the golden arches out front, you're nothing. what you're doing is wasting the value you've been given - and in the real world, you'd have your license pulled, and you'd be back on the corner, adding beetroot to a burger with the lot.

but the only way you guys can continue your misguided martyr complex is to see the SANFL as a blood sucker, and try to build an conceptual alliance with us. but we perform and want nothing of your excuses.

 

[Crow-mo]

You give these twats and the SANFL far too much credit. They are just self interested as are the clubs (which is just human nature), but to make them out to be the saviours and protectors of footy in this state is at best naive. Wrote this on another thread but it applies here....

....I'd argue that being the second best competition in Australia actually hinders the development of football in SA, not enhances it. The SANFL is full of not quite good enough AFL players from all over Australia chasing the dollars (which the Crows and Port provide) and less and less locals are getting a run. I think last years SA state team contained the grand total of 6 South Australians. Is this what it's come to? Is this what being the second best league in Australia means? The WAFL it is claimed, has been a basket case for years but WA over the last decade have been getting far better results at the Under 18 Championships and are producing more recruits to AFL lists. And guess what, under their structure their 2 AFL clubs make much more money than our 2. They must be doing something right.

amazing how self delusional people can become when they NEED to.