Port Adelaide - Can They Hack It In The Big Time League?

[backtozero]

Why is Adelaide so financially strong but Port not so?
I'm not trolling, genuinely curious without knowing the SA market.

Spoiler alert: they're not.

 

[The Warlord]

Imagine being a North supporter and posting this thread. We have more members than you, more revenue than you, a better list than you, a better football department than you, and are just an all round better football club than you. I look forward to our ten goal win over your rabble in Round 1.

You also have a far bigger debt than us.

Don't forget that.

Maybe you will belt us.

Maybe you'll choke brutally like you did late in 2019 at the same venue.

Smiley winky face emoticon.

 

[The Warlord]

Yeah, 40k crowds, minor premierships, a premiership this century etc. really holds us back.

Kangaroos meanwhile....

Meanwhile we have no debt and make profits.

 

[chiwigi]

Meanwhile we have no debt and make profits.

Tassie Kangaroos, you must be really scared of that happening at the moment.
We all know it will, it's only guys like you in denial .

Shame its a football comp and not a shareholders group. North add zero value to the football comp.

 

[The Warlord]

Nah. Last year was an anomaly with cuts in revenue to all clubs. Can’t say their issues from years ago are linked.

Making hasty calls on clubs futures by assessing them in a COVID year is incredibly short sighted.

Why?

They were the best set up of all for COVID.

Good run onfield, had crowds, still financial basketcase

Their previous financial problems are completely relevant.

Looks like South Australia simply can't support two teams

 

[Tim Evans Beard]

No. Main board.

Port's debt is sky-rocketing.

Port have required AFL bailouts before.

Question has to be asked as to whether South Australia can support two teams.

Increasingly looks like it can't.

In spite of overwhelming post positions stating it can, you continue to say it can’t?

Put the same amount of energy into building your club up instead of attempting to pull down Port, St Kilda, Hawthorn and the Dogs and maybe you will delay the inevitable fall of North and rise of the Tassie club.

Maybe...

 

[The Warlord]

Tassie Kangaroos, you must be really scared of that happening at the moment

Not in the slightest.

It literally cannot happen.

Port's massive debt would worry me if I barracked for them.

 

[The Warlord]

Put the same amount of energy into building your club .

I do.

Is why we are debt free, secure at Arden Street.

Thread is about Port and their sky-rocketing debt in the context of repeated financial problems that required an AFL bailout.

Will another bailout be required?

 

[Tim Evans Beard]

literally

I don’t think you know what this word means?

 

[The Warlord]

Not a lot of willingness among Port people to address their parlous financial position.

Throwing stones at others won't pay the bills.

Indeed, Port should be looking at the Dogs and North for advice and inspiration in this regard.

 

[The Warlord]

I don’t think you know what this word means?

I don't think you understand how the AFL works.

No club can be moved anywhere against its will.

So yes, I'm correct using that word.

 

[The Warlord]

No real ability by any Port poster to address their sky-rocketing debt problem.

 

[theyellowsash]

in 2019 port adelaide had about $58m in revenue, which was mid table about equal with geelong, and MORE than adelaide. the bottom 4 clubs were dogs, saints, roos and suns with between $44-46 million in revenue.

so the question is NOT whether port can make enough money to remain viable, because they clearly can (more so than adelaide perhaps). the question is wtf are they doing with it all to be that far in debt. Especially since theyre one of the few clubs (probably only alongside brisbane) which has little to no excuse to do financially worse this past year.

perhaps koshie needs to concentrate more on running the club well instead of being a bigot on breakfast tv and doing his best discount eddie mcguire impersonation.

 

[Tim Evans Beard]

I don't think you understand how the AFL works.

No club can be moved anywhere against its will.

So yes, I'm correct using that word.

They will fold you and the AFL will brand the Tassie team as the Roos.

Same as Fitzroy.

No mention of moving you.

You will be left to wither on the vine.

Your precious Arden St facilities will be turned into apartments.

The shin-boner spirit will be an unfashionable bootleg moonshine in some hipster distillery.

No hope for you.

 

[Tim Evans Beard]

No real ability by any Port poster to address their sky-rocketing debt problem.

There is debt, but it is not a problem. It can be serviced.

I’m growing less confident that you know anything about anything?

 

[The Burger King]

We have our problems but they are nothing compared to North.

It’s easy to make a $1 profit if your revenue is $2 and costs are $1.

Eventually though if you want to grow you need to spend money. This is neither part of North Melbourne’s philosophy or something a bank would be willing to underwrite. North Melbourne can barely crack 20,000 at home games against travelling sides.

 

[Rich01]

No real ability by any Port poster to address their sky-rocketing debt problem.

Why would they bother?
Of the 37 posts in this thread, 16 have come from your simplistic assessment of the clubs financials.

 

[RussellEbertHandball]

No, it is about Port and its sky-rocketing debt.

$3mil of the $4.275mil debt increase is due to timing.

We collect auto membership renewals on 17 October - but in 2020 the season was still going, we had just lost the PF a couple of days earlier, so 2021 memberships weren't offered until 24th November. Move the collection of that $3mil to 17th October and the overdraft is reduced by $3mil. Its why Koch confidently says debt will reduce by $2mil in 2021 because he expects a normal season and auto renewals back to 17th October, but was too piss week to explain the timing issues re membership date changes. Put as much bad news into 2020, so that there is extra wriggle room in 2021 and say look how good we did to bounce back is his sort of MO.

 

[BF Tiger]

He’s raced out to an early lead, but that was always expected considering the topic is “deflection away from North moving to Tassie or folding completely”.

Standard MO from the OP - frame a post as a question about the finances of another club, claim he’s just asking the question then after that has been “established” start to tear at anyone who disagrees with his OP, all the while never posting anything of substance. Still hasn’t learnt that repeating the same (potentially invalid) argument doesn’t make it right.

 

[Freomaniac]

Time for an honest discussion about Port Adelaide as an AFL club.

Power left with $12 million debt as virus fallout takes toll

Port Adelaide Power have revealed a “significant” increase in debt but chairman David Koch says the playing squad is again ready to challenge for a premiership.

www.theage.com.au

Port have needed bailouts before. Is another justified?

Why can small Melbourne clubs like the Dogs and North get their debt down to zero but Port's balloons again?

Is Port Adelaide a great SANFL club that frankly belongs in the SANFL?

Is South Australia naturally a one team state?

Is the game better off acknowledging that small states like South Australia and Tasmania can only support one team and moving the pieces on the board to reflect this by taking Port's licence and giving it to Tassie?

Mister M and Tzatziki_Man is this the Same North poster that Started that Legendary and (in)famous thread That North Saved the AFL from being Broke because North were getting crowds of 15-20,000 in a 55,000 seat docklands ground?

 

[Schulzenfest]

You also have a far bigger debt than us.

Don't forget that.

Because we have a far better football department.

Port Adelaide's focus is on winning games of football. If we go into debt to do that, so be it. Football clubs are non-profits, they're there to win. Revenue is far more important to a football club than profit is.

North's focus is on barely staying afloat. Can't go into debt if you don't spend any money. Can't give yourselves the best chance to win games of football if you don't spend any money either.

 

[Grave Danger]

Doesn't he look a lot like Kenny Hinkley

 

[OneGreatClub]

No. Main board.

Port's debt is sky-rocketing.

Port have required AFL bailouts before.

Question has to be asked as to whether South Australia can support two teams.

Increasingly looks like it can't.

Crows have to go then

 

[powerrrrrrrrrrrr]

Perhaps this has something to do with the larger debt after how last season went.

With last year being Ports 150th, a lot of work and development was happening at the club through 2019 in preparation for the year. Then COVID happened and a large sum of money had already been spent on the developments which would have been done so accounting for a normal year


A WORLD class, multi-purpose training and sports science precinct planned for Alberton Oval could up and running by the time Port Adelaide Football Club celebrates its 150th anniversary in 2020.

The proposed development was announced today by Port Adelaide Chairman, David Koch and SA Premier Jay Weatherill at the JLT Cup pre-season match at Alberton Oval.

It includes:

• Construction of an Aboriginal Centre of Excellence
• A new high performance centre
• Development of a secondary training and rehabilitation field
• A new Port Club containing a visitor centre and museum
• Upgrades to the Fos Williams Family Stand.
• Development of a Premiership Walk at the entry to the oval and facilities

Facilities will include a new swimming pool, gymnasium and a function centre which will also be available to the local community, while spectator amenities at the ground will be upgraded.

Considering in 2019 Port made a net profit of over 500k and also paid back over 1M in debt back to the AFL, it’s not too concerning to see this years debt has its reasons.

 

[chiwigi]

Not in the slightest.

It literally cannot happen.

Port's massive debt would worry me if I barracked for them.

Boing Boing Tassie Tassie!

It works!