Another massive financial loss for a VFL club in 2012

[Raiderdave]

& its

Pork Swordelaide ..............2.1 million plus
spewie blames the SANFL for their problems
but they gave the bogans ... 2 million ... & they still went further down the shit clogged S bend
tissues for spewie... STAT




http://www.adelaidenow.com.au/sport/...-1226526658292
Quote:
PORT Adelaide has recorded a loss of more than $2 million for 2012, even after a $2 million handout from the SANFL.

Port today announced an operating loss of $2,11,071.
Chief executive officer Keith Thomas blamed the result on the club's poor on-field performance, which resulted in just five wins and a draw for the season and led to the sacking of coach Matthew Primus.
“This result is a long way from where we want to be,” Thomas said.

“This year started positively, but early losses - albeit against some very good teams - quickly again impacted on our corporate, membership and game day returns.

“Coming off a very poor 2011, we feared further underperformance would have an adverse effect on the key revenue streams of sponsorship and membership, and unfortunately that’s how it turned out.”


Port has overhauled its off-field structure post-season, with TV personality David Koch taking over as president.

Thomas said the club had increased its football department spending by $900,000 in 2012 and would continue that support.“We certainly cannot be accused of overspending off the field because we have kept our costs very heavily restrained," he said.

“Even our on-field investment is really quite modest in that we were ranked in the bottom couple of teams in the AFL for football spending in 2012.”
“It is very clear you cannot compete in the AFL without investing in footy and doing everything you can to stay in touch with the bigger clubs.

“We have put in place what we believe is an outstanding football structure for next year and beyond, led by our senior coach Ken Hinkley.

“The investment we have made is about one thing - producing better results on the field. From that, we are confident of securing our financial independence.

“Not much works when you’re not playing good football, so our strategy is very clearly to get that right and to make our brand image one of stability and strength to get to Adelaide Oval in shape to take full advantage of the financial benefits that we are confident of achieving there.

“Together, all of that makes for a whole different ball game for Port Adelaide from where we have been.”

Pork Tankelaide ....... RIP

[Xman]

& its

Pork Swordelaide ..............2.1 million plus
spewie blames the SANFL for their problems
but they gave the bogans ... 2 million ... & they still went further down the shit clogged S bend
tissues for spewie... STAT




http://www.adelaidenow.com.au/sport/...-1226526658292
Quote:
PORT Adelaide has recorded a loss of more than $2 million for 2012, even after a $2 million handout from the SANFL.

Port today announced an operating loss of $2,11,071.
Chief executive officer Keith Thomas blamed the result on the club's poor on-field performance, which resulted in just five wins and a draw for the season and led to the sacking of coach Matthew Primus.
“This result is a long way from where we want to be,” Thomas said.

“This year started positively, but early losses - albeit against some very good teams - quickly again impacted on our corporate, membership and game day returns.

“Coming off a very poor 2011, we feared further underperformance would have an adverse effect on the key revenue streams of sponsorship and membership, and unfortunately that’s how it turned out.”


Port has overhauled its off-field structure post-season, with TV personality David Koch taking over as president.

Thomas said the club had increased its football department spending by $900,000 in 2012 and would continue that support.“We certainly cannot be accused of overspending off the field because we have kept our costs very heavily restrained," he said.

“Even our on-field investment is really quite modest in that we were ranked in the bottom couple of teams in the AFL for football spending in 2012.”
“It is very clear you cannot compete in the AFL without investing in footy and doing everything you can to stay in touch with the bigger clubs.

“We have put in place what we believe is an outstanding football structure for next year and beyond, led by our senior coach Ken Hinkley.

“The investment we have made is about one thing - producing better results on the field. From that, we are confident of securing our financial independence.

“Not much works when you’re not playing good football, so our strategy is very clearly to get that right and to make our brand image one of stability and strength to get to Adelaide Oval in shape to take full advantage of the financial benefits that we are confident of achieving there.

“Together, all of that makes for a whole different ball game for Port Adelaide from where we have been.”

Pork Tankelaide ....... RIP

not when they move to the Adelaide oval. Both the Crows and Power will boom.

Funny how you celebrate an AFL clubs financial result but ignore the results of 15 of your own codes clubs

[ParraEelsNRL]

$4 million

Stewie, you ok champ?

[ParraEelsNRL]

Btw stewie, LU wants to know if Port Tankelaide are in "shatters"?

[eelofwest]

$4 million

Stewie, you ok champ?

Spewie you there mate.......

4 million loss............... =D> =D> =D> =D> =D> =D> well done.......AFL taking over the world.......

[Xman]

$4 million

Stewie, you ok champ?

They didnt make a 4 million dollar loss dopey?

[ParraEelsNRL]

Well a $2 million handout from the Vfl head in Tankelaide before suggests they've pissed $4 million up the wall.

[Xman]

Well a $2 million handout from the Vfl head in Tankelaide before suggests they've pissed $4 million up the wall.

No, their owners paid 2 million. The storms owners pay them 6m a year and they still make a loss

[King-Eliagh]

.... .... .... ....

Stewie me boy? A few words?

A club in ruins...but... ... ... they have... ... wait for it ... ... they've...ahem *cough cough* ... ... ... they've signed up Kochie! The dumbest man in showbiz!!!

=D> :_<> =D>

Holy shiiiit. That club is doomed!

Few words on behalf of the club stewie?

[King-Eliagh]

Kochie and the top five ways to save money. Smartest man in showbiz. Port Adelaide have chosen wisely

https://www.youtube.com/watch?v=uV2hO-KlVaw

Few words Stewie?

[Raiderdave]

$4 million

Stewie, you ok champ?

They didnt make a 4 million dollar loss dopey?

well according to this ... Port poopelaide have manipulated the figures to hide the real losses ....

http://www.news.com.au/sport/AFL/port-a ... 6526658292

PORT Adelaide financial papers yesterday told another doleful story when an operating loss of $4.1million topped the 2011 season's by $1million dollars.


FORMER Howard Government minister Amanda Vanstone has signed on as a director of Port Adelaide... .
Dogs' loss not all doom and gloom

The turnover slipped, the crowd numbers dipped to below 20,000 for the first time since the club joined the AFL and corporate return was estimated to be down by about $600,000.

They was glum figures but the club is positive it has turned a corner in revitalising its brand with a new board and a new coaching group while it is on the doorstep of a shift to Adelaide Oval.

The news comes as senior football figures close to the SA football commission wondered why the grants from the AFL were not included in the reports - at least $1million - and feared the real financial damage was far worse.

Some feared the real loss could have been as bad as $6million.
But Port chief executive Keith Thomas said that under a new reporting system, the grants were rolled into the allocation afforded to all clubs, which seeks to compensate clubs for having a less lucrative schedule or not as many blockbuster games.

"It makes it really difficult to compare results from one year to the next," Thomas said. "It's the same for all clubs. But I think it's fair to say that we are $1million worse than last year and most of that is on football spending."

The club's membership is of concern, because while one set of numbers said the total amount of members were down as little as three per cent, income declined by around $250,000 with more members being on decreased packages.

Matthew Primus

Worrying times for Port Adelaide coach Matthew Primus. Source: AdelaideNow
.

Thomas also suggested there's a lagging effect in the work put in by the club in terms of membership and sponsorship.

He was the first to admit the figures weren't flattering, but also said he was confident in the plan implemented and backed it to bring some bacon to Alberton in the coming seasons.

At the core of the plan was winning football matches and, in the sporting landscape, it tends to be a driving force.

"We've been struggling all year to bridge the gap and in the end we didn't," Thomas told The Advertiser.

"But at the end of 2011 we knew we had to invest more in football, spend more on coaches, and I thought it started pretty positively but then it dropped off. The result really is more about membership and corporate support.

"I thought we made some inroads and we'll continue to invest in football.

"This is not a cost blowout - we're still in the bottom two or three in the league in football spend.

"It's a revenue problem - we're confident that good football and Adelaide Oval can deliver.

"In football, we've added three really qualified people in (coach) Ken Hinkley, (senior assistant) Alan Richardson and (fitness coach) Darren Burgess and off-field we've put in three really high-profile people in David Koch, Cos Cardone and Amanda Vanstone.

"But not much works when you're not playing good football."

..... jesus , I mean seriously ... holy sh.it !!

marcus ..... when will the turd polishing stop with you
this is a disaster & proof turnover means zip .....when margins in budgets as big as some VFL clubs have .. are so thin ... so tight , if a club like Pork Swordinher who turnover 30m plus have a few lean years & there are revenue shortfalls & they don't have back up like NRL clubs have... they can't just stop spending ... they are committed. Interest payments compound on existing debt .... its a F'ing nightmare.... & eventually
its curtains for organisations like this

they are F>ARKED .... well & truly

here endith our finance 101 lesson by Raider

[Stewie]

Was bound to happen given we have the worst stadium deal in the AFL. Our breakeven crowd is 28,000, the reason it's so high is so that the $NAFL can make all the cash off our gate takings so that they can fund their own league. No doubt shit performances and crowds have also had an effect on it as well, but getting a better stadium deal is vital.

Unfortunately we can't all have a breakeven crowd of just 10,000 like the Raiders do (who still operate at a loss each year regardless)

[ParraEelsNRL]

Bloody hell, worse than I though.

They'll turn it around, the last thing vlad needs at this time is for any club to fold or merge, would not look very good for the self acclaimed national sport.

[Stewie]

Bloody hell, worse than I though.

They'll turn it around, the last thing vlad needs at this time is for any club to fold or merge, would not look very good for the self acclaimed national sport.

A.D. is working on getting Port Adelaide and Adelaide FC removed from the ownership of the $NAFL. This is the beginning of the turnaround of finances for both clubs.

[Xman]

$4 million

Stewie, you ok champ?

They didnt make a 4 million dollar loss dopey?

well according to this ... Port poopelaide have manipulated the figures to hide the real losses ....

http://www.news.com.au/sport/AFL/port-a ... 6526658292

PORT Adelaide financial papers yesterday told another doleful story when an operating loss of $4.1million topped the 2011 season's by $1million dollars.


FORMER Howard Government minister Amanda Vanstone has signed on as a director of Port Adelaide... .
Dogs' loss not all doom and gloom

The turnover slipped, the crowd numbers dipped to below 20,000 for the first time since the club joined the AFL and corporate return was estimated to be down by about $600,000.

They was glum figures but the club is positive it has turned a corner in revitalising its brand with a new board and a new coaching group while it is on the doorstep of a shift to Adelaide Oval.

The news comes as senior football figures close to the SA football commission wondered why the grants from the AFL were not included in the reports - at least $1million - and feared the real financial damage was far worse.

Some feared the real loss could have been as bad as $6million.
But Port chief executive Keith Thomas said that under a new reporting system, the grants were rolled into the allocation afforded to all clubs, which seeks to compensate clubs for having a less lucrative schedule or not as many blockbuster games.

"It makes it really difficult to compare results from one year to the next," Thomas said. "It's the same for all clubs. But I think it's fair to say that we are $1million worse than last year and most of that is on football spending."

The club's membership is of concern, because while one set of numbers said the total amount of members were down as little as three per cent, income declined by around $250,000 with more members being on decreased packages.

Matthew Primus

Worrying times for Port Adelaide coach Matthew Primus. Source: AdelaideNow
.

Thomas also suggested there's a lagging effect in the work put in by the club in terms of membership and sponsorship.

He was the first to admit the figures weren't flattering, but also said he was confident in the plan implemented and backed it to bring some bacon to Alberton in the coming seasons.

At the core of the plan was winning football matches and, in the sporting landscape, it tends to be a driving force.

"We've been struggling all year to bridge the gap and in the end we didn't," Thomas told The Advertiser.

"But at the end of 2011 we knew we had to invest more in football, spend more on coaches, and I thought it started pretty positively but then it dropped off. The result really is more about membership and corporate support.

"I thought we made some inroads and we'll continue to invest in football.

"This is not a cost blowout - we're still in the bottom two or three in the league in football spend.

"It's a revenue problem - we're confident that good football and Adelaide Oval can deliver.

"In football, we've added three really qualified people in (coach) Ken Hinkley, (senior assistant) Alan Richardson and (fitness coach) Darren Burgess and off-field we've put in three really high-profile people in David Koch, Cos Cardone and Amanda Vanstone.

"But not much works when you're not playing good football."

..... jesus , I mean seriously ... holy sh.it !!

marcus ..... when will the turd polishing stop with you
this is a disaster & proof turnover means zip .....when margins in budgets as big as some VFL clubs have .. are so thin ... so tight , if a club like Pork Swordinher who turnover 30m plus have a few lean years & there are revenue shortfalls & they don't have back up like NRL clubs have... they can't just stop spending ... they are committed. Interest payments compound on existing debt .... its a F'ing nightmare.... & eventually
its curtains for organisations like this

they are F>ARKED .... well & truly

here endith our finance 101 lesson by Raider

They are unsustainable under the current model and with their current form.

However, as we all know, their current model is about to change. Bring on the Adelaide oval