Talking Footy

Interesting read. Another significant AFL bailout

PORT Adelaide has blamed poor crowds for another horror financial result.
Port today announced an operating profit of almost $888,000 for 2011.

But after an AFL emergency loan and another $2.05 million grant from the SANFL are taken out, the club finished more than $3 million in the red.

“We suffered in 2011 through lower-than-expected AFL home ground crowds, which were impacted on by some scheduling issues together with our team’s on-field results,” president Brett Duncanson said.

“It highlights the need for our members and supporters to get along to our home games and support the team and at the same time help our club’s bottom line.”

In the past two weeks Port has lost both its major sponsors.

Start of sidebar. Skip to end of sidebar.

Related CoveragePort ailing both on and off field Adelaide Now, 1 hour ago
Olsen calls Port ceasefire Adelaide Now, 17 Aug 2011
Duncanson won't relinquish office Adelaide Now, 16 Aug 2011
It's over to you, Mr Duncanson Adelaide Now, 16 Aug 2011
SANFL plots another Port coup Adelaide Now, 15 Aug 2011
.End of sidebar. Return to start of sidebar.
But Duncanson said the club was on the right path, with the figure even before grants an improvement on last year's $3.7 million loss.

“While the club continues to face challenges, it is confident in its future and the strategies it has in place to become financially strong and independent once its home games are played at Adelaide Oval,” Duncanson said.

Port spent $14.7 million on its football department in 2011, more than $4 million less than premier Geelong.

Port Adelaide is a complex club. Trying to put this over as a bad thing is diverting attention from the bigger issues most NRL clubs have. So they made a net loss. So what? How many NRL clubs can say they have an operating profit than can service such a debt?

Dogs wrote:

Interesting read. Another significant AFL bailout

PORT Adelaide has blamed poor crowds for another horror financial result.
Port today announced an operating profit of almost $888,000 for 2011.

But after an AFL emergency loan and another $2.05 million grant from the SANFL are taken out, the club finished more than $3 million in the red.

“We suffered in 2011 through lower-than-expected AFL home ground crowds, which were impacted on by some scheduling issues together with our team’s on-field results,” president Brett Duncanson said.

“It highlights the need for our members and supporters to get along to our home games and support the team and at the same time help our club’s bottom line.”

In the past two weeks Port has lost both its major sponsors.

Start of sidebar. Skip to end of sidebar.

Related CoveragePort ailing both on and off field Adelaide Now, 1 hour ago
Olsen calls Port ceasefire Adelaide Now, 17 Aug 2011
Duncanson won't relinquish office Adelaide Now, 16 Aug 2011
It's over to you, Mr Duncanson Adelaide Now, 16 Aug 2011
SANFL plots another Port coup Adelaide Now, 15 Aug 2011
.End of sidebar. Return to start of sidebar.
But Duncanson said the club was on the right path, with the figure even before grants an improvement on last year's $3.7 million loss.

“While the club continues to face challenges, it is confident in its future and the strategies it has in place to become financially strong and independent once its home games are played at Adelaide Oval,” Duncanson said.

Port spent $14.7 million on its football department in 2011, more than $4 million less than premier Geelong.

Geez ........ another one

whats that
12 in the last few weeks .... losing a combined 30 million
the only one that hasn't lost dough .. is the smoke n mirror Swans .. & we all know that was only due to creative accounting

boggerballl .... disappearing up its own date ........

Dogs wrote:

Port today announced an operating profit of almost $888,000 for 2011

So typical of you Dogs to overlook this very important part.

Beaussie wrote:

Dogs wrote:

Port today announced an operating profit of almost $888,000 for 2011

So typical of you Dogs to overlook this very important part.

what important part ?

what Dogs posted was 100% accurate
without the 2.whateva it was Million in handouts ... the loss was over 3 million

plain n simple

So take all grants/handouts (whatever you want to call them) away from NRL clubs and you have what?

One example... Melbourne Storm running at a loss annually of over $11 milllion when you take out the NRL/News Ltd handout. Do we need to go further?

Beaussie wrote:

So take all grants/handouts (whatever you want to call them) away from NRL clubs and you have what?

One example... Melbourne Storm running at a loss annually of over $11 milllion when you take out the NRL/News Ltd handout. Do we need to go further?

NRL clubs put ins... against outs
they don't exclude anything .... unlike this .. operating loss AFL BS


enough with the smoke n mirrors .... Port lost ova 3 million in 2011
& nearly 4 million in 2010


K

Melbourne Storm lose annually over $11 million. Never once in thier history have they posted a profit. I've no doubt they are far from alone in being financial basketcases of the NRL.

I think Dogs overlooked that profit at Port as it was too busy searching for that NRL ground in Adelaide

Probably true, AFL Warrior.

AFL Warrior wrote:

I think Dogs overlooked that profit at Port as it was too busy searching for that NRL ground in Adelaide

Put this in your pipe and smoke it dicknose. Still up for the bet Dumbo. Found these in all of about 2minutes. Maybe you dumbos should do a little research before dribbling your usual lies and utter nonsense


So how about we try these ones
SARL Home Ground Playing Fields
The SARL Head Officewith Home Grounds are situated at Hindmarsh Stadium, Holden Street, Hindmarsh.

Central Districts Rugby League Club
Now situated on the corner of Midway Road and Main North Road.

Cougars Rugby League Club
Baynes Reserve, Langham Place, Port Adelaide

Eels Rugby League Club
Churchill Road North, Dry Creek

South Adelaide Rugby League Club
Doctors Road, Hackham

Northern Districts RL Club / State Training Venue
Hansen Reserve, Sixth Ave, Woodville Gardens

Tigers Rugby League Club
Corner Quick Road and Bradley Grove, Mitchell Park Click

Beaussie wrote:

Dogs wrote:

Port today announced an operating profit of almost $888,000 for 2011

So typical of you Dogs to overlook this very important part.

You idiot:

But after an AFL emergency loan and another $2.05 million grant from the SANFL are taken out, the club finished more than $3 million in the red.

This is after all the other grants they normally get from the AFL, before you go dribbling about the storm. Yes I can see they posted a false profit, thats the point. You have been lisening to Princess Dribbler to much Beaussie, get back on your a game will you

the silence is bliss

More claptrap from you Dogs on a topic on something you know nothing about....and the question remains where is your evidence of NRL grounds in Adelaide?

Beaussie wrote:

Melbourne Storm lose annually over $11 million. Never once in thier history have they posted a profit. I've no doubt they are far from alone in being financial basketcases of the NRL.

& tell me .... how long would GWS , or the Thuns last without the AFL's coffers
these 2 won't post a profit this decade .... GWS may never turn a profit ..

Port
the Swans
the Lions
Geelong
Essendon
St Kilda
Western Bulldogs
Melbourne
North Melbourne
Adelaide

all in the red , all bleeding like stuck pigs
its time you woke up , got your hand off your stork .... & jioned the real world

K