AFL to throw lifeline to Port

[Beaussie]

Gees, I had read and heard Port had some financial problems but didn't realise it was this serious. The redeveloped Adelaide Oval can't come sooner enough for Port. Interesting that the AFL will take control from the SANFL of both the Power and Crows licences.

AFL to throw lifeline to Port
Ashley Porter, Adelaide
June 1, 2011

THE AFL appears on the verge of bailing out Port Adelaide yet again by giving it an up-front portion of its share of the $1.2 billion television rights purse for the next five-year period.

A probable guarantee that Port can finally get its act together will come when the AFL also takes back its licence from the South Australian National Football League and holds onto it until conditions of a more effective financial framework have been clearly established.

Also, a likely part of the deal is that the AFL will provide independent replacements on Port's board following yesterday's resignation of three members - Darryl Wakelin, due to business reasons, John Hood and Jane Jeffreys.

Included in the package, to be announced by the AFL within a fortnight, will be the SANFL also surrendering Adelaide's licence, which will be given directly to the club to help provide its financial stability.

Read more: http://www.theage.com.au/AFL/AFL-news/a ... z1NyczMZFN

[TLPG]

I've always said that Port's problems eminate from the split in membership between the Power and the Magpies.

[Beaussie]

Makes you wonder if the link with the Magpies has actually turned people in SA off following them.

[TLPG]

Well the Magpies certainly aren't as strong as they once were. They're almost a laughing stock now and last I heard they were talking about getting rid of them. Merger was mentioned, but the SANFL and the clubs were against it. It's all about the SANFL's lingering hate for Port after what nearly happened back in 1990.