What was the reaction to Rehny getting the life membership? and was he there to accept it?
I also see they made a $1.4m+ profit again despite another poor year. I think the club is getting it too easy although total revenue was down $2.36m. It must be nice to run a business that can perform at a mediocre level for two years running and still make huge profits.
80% of the profit must go back to the local league. So the club keeps very little really. But you are right, a very good result for an unsuccessful year.
There seems to be an anomaly with the distribution to the SANFL requirement. What is to stop a club, e.g.Port Adelaide, spending money that it doesn't really have to so it can make a loss and not have to disburse money to the SANFL.
I'm sure both SA clubs could find lots of ways to spend excess profits if they wanted too. I haven't heard any feedback but I bet the Crows wouldn't be too happy that they might have been dudded by Port.
I think the Power has used some clever accounting in setting up their "Foundation". Money donated to this was used to build their players' facilities, and as far as I know did not get counted in their "profit" to be distributed to the SANFL.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.