Official Club Stuff Port Adelaide Football Club Ltd AGM

[Papa G]

We keep 7,000 seats for GA's and sold that for $175+ $20 waiting fee in 2016 and they sell less than 1,000 GA seats, and event hough we over sell those seats, we would be down close to $1mil on those 7,000 seats in comparison. We have pretty cheap other memberships especially silver and gold compared to most other clubs not just the crows.

So if we assume both clubs have about 45,000 access game day adult members, then on average each membership is about $145-$150 more across the board, ie net between $130-$135 after GST, unless those high end memberships bring in a s**t load more. Maybe $500 more than our high end members.

GodhatesFages has apparently tweeted they have 63,500 members already.

 

[RussellEbertHandball]

GodhatesFages has apparently tweeted they have 63,500 members already.

Who cares what their total is when so many of them are free and you are tring to work out $$$. Last year they had 67,000 but the AFL only counted 54,000. That's why I said 45,000 access game day adult members. That's where the $$$ are and you asked about.

s**t the captain's club upgrade is $300. It started of at $125 the first year at AO.

 

[Papa G]

Who cares what their total is when so many of them are free and you are tring to work out $$$. Last year they had 67,000 but the AFL only counted 54,000. That's why I said 45,000 access game day adult members. That's where the $$$ are and you asked about.

s**t the captain's club upgrade is $300. It started of at $125 the first year at AO.

I just wanted to write GodhatesFages.....

But yeah you are right, Hawks official numbers said they had over $75k last year, yet it was "only' $12.5 million in revenue.

 

[RussellEbertHandball]

I just wanted to write GodhatesFages.....

But yeah you are right, Hawks official numbers said they had over 75k last year, yet it was "only' $12.5 million in revenue.

7,000 (edit 9,249 from 2016 HFC annual report) Tassie members who only pay for 3 or 4 home games has an impact. You only get 6 or 7 games as home games at the MCG, they have 1 or 2 home games at Docklands at the Hawks fans don't like taking their picnic hamper/blanket to Docklands to watch their home games there, so they might not buy those home game packages. Ie you have a s**t load of non 11 home game members in the Hawks tally.

In 2014 the Hawks only had 120 non access members and their AFL audited total was what they stuck up on their website. They charge all their kids at least $51 for membership, so they get counted as per AFL rules and in 2014 they had 20,360. Next was Richmond with 10,464.

 

[Lockhart Road]

IMO that hinted that the AFL won't insist we have exclusive rights to the Chinese market. Whatever arrangement we have (5 years, who knows?) isn't going to be slapped down by the AFL. But although unlikely it's entirely possible other teams could enter into similar arrangements.

It would take far too much pissing off to happen again:

1. Another club would have to try to poach me and my cohorts and we would all tell them to piss off.
2. Another club would have to approach the Hong Kong Football Club re a partnership and the HKFC would tell them to piss off.
3. Another club would have to suggest establishing a China Department of at least five people, two of them senior, and their finance people would tell them to piss off.
4. Another club would have to send some of their trusted people to China several times a year, travelling virtually one full day in each direction, and their trusted people would tell them to piss off.
5. Another club would have to be actively supported by a state premier and have an MoU witnessed by a prime minister, and the voters would tell the premier and PM to piss off.
6. Another club would have to invite up to twenty Chinese billionaires to a match against GWS and win it, anything less and the Chinese billionaires would tell them to piss off.
7. Another club would have to announce at an AGM that they are investing the next three to five years chasing Port Adelaide down rabbit holes and the members would tell the board to piss off.
8. Another club's President and CEO would have to order their coaches and players not to be distracted by all of the talk about China and the senior coach and captain would tell them to piss off.
9. Another club would have to change their colours away from those of Tibet or one of the thirteen foreign powers who occupied the international settlement in Shanghai during Imperial times, or China would tell them to piss off.
10. Nuff said, now I'll piss off.

 

[Steve Dore]

GodhatesFages has apparently tweeted they have 63,500 members already.

Is #godhatesfages the same guy as #datanottallies ?

 

[Papa G]

Is #godhatesfages the same guy as #datanottallies ?

 

[Smithy7]

It would take far too much pissing off to happen again:

1. Another club would have to try to poach me and my cohorts and we would all tell them to piss off.
2. Another club would have to approach the Hong Kong Football Club re a partnership and the HKFC would tell them to piss off.
3. Another club would have to suggest establishing a China Department of at least five people, two of them senior, and their finance people would tell them to piss off.
4. Another club would have to send some of their trusted people to China several times a year, travelling virtually one full day in each direction, and their trusted people would tell them to piss off.
5. Another club would have to be actively supported by a state premier and have an MoU witnessed by a prime minister, and the voters would tell the premier and PM to piss off.
6. Another club would have to invite up to twenty Chinese billionaires to a match against GWS and win it, anything less and the Chinese billionaires would tell them to piss off.
7. Another club would have to announce at an AGM that they are investing the next three to five years chasing Port Adelaide down rabbit holes and the members would tell the board to piss off.
8. Another club's President and CEO would have to order their coaches and players not to be distracted by all of the talk about China and the senior coach and captain would tell them to piss off.
9. Another club would have to change their colours away from those of Tibet or one of the thirteen foreign powers who occupied the international settlement in Shanghai during Imperial times, or China would tell them to piss off.
10. Nuff said, now I'll piss off.

Like your thinking b geez

 

[OneGreatClub]

Is #godhatesfages the same guy as #datanottallies ?

not to be confused with #organicgrowth

 

[Jimmy Unchained]

not to be confused with #organicgrowth

Which is not to be confused with an actual list management strategy.

 

[RussellEbertHandball]

Port's - 2016 Adelaide Crows accounting operating profit method- looking at 2016 annual report lodged at ASIC last week is

Comprehensive income $14,840
add back
Depreciation............. $925,254
Adelaide Oval
Underwrite Agreement $694,000
-------------------------------------
Total ......................$1,634,094

We are paying this underwrite fee just like Adelaide who say its a one off/abnormal cost despite paying it every year since 2014 and will for 20 years. Port's accounts don't say how much it is but the crows do and they say its $694,000. I have assumed we are paying the same amount as them because this is about AO not licence valuation and buying back the licence which are different amount for the 2 teams. When the SANFL said they would agree to moving to AO, back in August 2010 they said they wanted $1.9mil from any deal from the 2 clubs. Looks like its was lowered to $1.4mil.

http://web.archive.org/web/20100815...at-adelaide-oval/story-e6frecj3-1225903680004

Port don't want to spruik that they are paying the SANFL anything and upset fans who hate the SANFL, the crows spruik how great they are paying an amount to the SANFL supporting the SANFL and its some sort of abnormal fee, despite it being payable over 20 years. These are the 2 notes from the club's accounts.

Port
http://footyindustry.com/files/2016 Reports/Port Adelaide 2016 Annual Report [ASIC].pdf
16. COMMITMENTS FOR EXPENDITURE
Operating lease commitments - Group as a lessee
......
During the 2014 financial year, Port Adelaide Football Club Ltd (“PAFC”) entered into two agreements with the South Australian National Football League Inc (“SANFL”) in relation to the use of Adelaide Oval. PAFC use the Adelaide Oval under the terms of the “Sub-license to use Adelaide Oval”. The sub-licence period is 20 years with an option to extend for another three, twenty year periods. The ‘Adelaide Oval Financial Model - Core Funding Principles’ agreement specifies amounts payable to the SANFL by PAFC for the period of the sub-licence. Minimum payments under this agreement are recognised as an expense on a straight line basis over the initial term of the sub-licence. Contingent amounts are payable in future periods based on the provisions of the Adelaide Oval Financial Model - Core Funding Principles’ agreement.

Adelaide
http://footyindustry.com/files/2016 Reports/Adelaide 2016 Annual Report.pdf
18 Capital and leasing commitments
.....
(II) Adelaide Oval Underwrite Agreement
In March 2014, the Company entered an agreement with the SANFL to facilitate the relocation of football from AAMI Stadium to Adelaide Oval and to assist the SANFL to repay its debt.
In any year in which the Company uses Adelaide Oval as its home ground, it will pay an Underwrite Fee, being a fixed amount from 2014 to 2018, and a variable amount from 2019.
As the intial term of the Sub-licence Agreement to play football at Adelaide Oval has a term of 20 years, the minimum lease payments are being recognised as an expense on a straight-line basis.
.....
During the year, an underwrite expense of $694,000 operating lease expense was recognised in profit or loss.