Look in your own back yard AFL, expansion cost player greed and club failures all at once. 1billion only goes so far and your struggling to manage it.
http://www.adelaidenow.com.au/sport/AFL ... 6456959414
AFL NEWS
Port Adelaide, Adelaide Crows licence switch loomsby: Michelangelo Rucci From: The Advertiser August 23, 2012 10:00PM
SA'S two AFL licences could be transferred from the SANFL to the AFL within a month.
And this would dramatically change the boardroom at the Port Adelaide Football Club
The long-held belief of Power fans that their board would be filled with 10 member-elected directors is collapsing, putting a new dimension to the race to be Port's next president.
The most-likely "independence" model for the Crows and Power is boards of hand-picked directors who are endorsed by the AFL Commission and not elected by the memberships nor vetted by the SANFL. This would be a replica of the boardrooms at the new AFL franchises, Gold Coast and Greater Western Sydney.
The AFL Commission will meet its WA counterparts at the weekend to prepare for the return of the West Coast and Fremantle licences to AFL House. The same meetings with the SA Football Commission are planned for next month.
SANFL president and commission chairman John Olsen told The Advertiser yesterday his league and the AFL are very much "on the same page".
"And my perspective is, the sooner this is all resolved, the better," Olsen said.
The three critical outstanding issues are:
TIMING. Should the licences be transferred back to the AFL Commission immediately or after the Crows and Power are playing at Adelaide Oval in 2014?
GOVERNANCE. Does the AFL Commission set up "self-appointed" boards or leave any seat for a member-elected director?
The AFL is opposed to every director being elected by the membership, recognising a board could fall with a petition of 100 disgruntled members or be hijacked by factions led by popular former players - as noted at North Melbourne.
The perilous state of the Power could prompt the AFL Commission to dictate every appointment to the Port board. Currently, the members vote for four directors, the SA Football Commission appoints four and two are co-opted for specialist roles.
VALUE. The debt-hit SANFL expects a compensation package from the AFL. This is the major sticking point.
Each SA-based licence was valued by the AFL at $4 million when Adelaide was established in October 1990 and Port Adelaide in December 1994.
Today, the Crows' licence is valued at no less than $20 million.
The Power licence has no value because of its debt.
http://www.adelaidenow.com.au/sport/AFL ... 6453941613