The more I look at it, the more I understand where they would be going with that logo if it is indeed the one they want to use. The triangle part at the bottom is meant to represent the chevrons on the AFL jumper (hence why the white and teal are the same size), whereas the prison bar/wharf pylon part is meant to represent the 'heart' of the club.
It's the monogram that makes it look tacky. It looks like two design elements joined together. Swap it out for a font and you get something like this (forget the font used, that's just something I threw in there):
View attachment 737773
I actually don’t mind this.
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