Port Adelaide Magpie$$$$$$$$

[Booney]

As Gravel has stated,the $2 campaign was initiated to increase revenue to allow for any short comings that may arrise in the future.It was far from a desperate plea for help from a struggling club.
Another issue that I,like many other followers of both Port identities would like to know is,where does all the money from the Port Adelaide Football Club Foundation,which was set up in 1997 go? Without being a QC or having access to all the relating paper work,I am unable to ascertain the whereabouts of that cash flow.Can Gravel help?

[doggies4eva]

Wedgie - The$28k profits over the last 2 years is after all payments to players, admin and running costs etc
They don't have $28k to pay the costs. In 2004 they had $1.404m and that amount increased in 2005 to $1.572m
The $28k is what was left over

Gravel, the point that Wedgie is making is that in the last couple of years they were spending virtually all of their income. So the question is, where are the savings coming from which allows them to pay for so many high profile recruits?

[JK]

Possibly from an increase in allocated funds set aside for Player Payments due to increases in revenue levels or cutting of other expenditure

[Rik E Boy]

As Gravel has stated,the $2 campaign was initiated to increase revenue to allow for any short comings that may arrise in the future.It was far from a desperate plea for help from a struggling club.....

So THAT's why I gave your mob jack 5hit! I wish Norwood (and Sturt) would lift their game financially as Strut 1 has suggested. Maybe we could worry about winning flags again if we had some coin in the coffers.

regards,

REB

[JK]

As Gravel has stated,the $2 campaign was initiated to increase revenue to allow for any short comings that may arrise in the future.It was far from a desperate plea for help from a struggling club.....

So THAT's why I gave your mob jack 5hit! I wish Norwood (and Sturt) would lift their game financially as Strut 1 has suggested. Maybe we could worry about winning flags again if we had some coin in the coffers.

regards,

REB

Agreed REB, it's tough to near on impossible without it, think things are starting to turn for us, am hoping to see (would say "expecting to see" but everytime we think that there seems to be a setback of some sort) the first sign of improvement in around 12 months.

[drebin]

Wedgie - The$28k profits over the last 2 years is after all payments to players, admin and running costs etc
They don't have $28k to pay the costs. In 2004 they had $1.404m and that amount increased in 2005 to $1.572m
The $28k is what was left over

Gravel, the point that Wedgie is making is that in the last couple of years they were spending virtually all of their income. So the question is, where are the savings coming from which allows them to pay for so many high profile recruits?

Yep - no one has actually answered that question have they?

[stan]

Wedgie - The$28k profits over the last 2 years is after all payments to players, admin and running costs etc
They don't have $28k to pay the costs. In 2004 they had $1.404m and that amount increased in 2005 to $1.572m
The $28k is what was left over

Gravel, the point that Wedgie is making is that in the last couple of years they were spending virtually all of their income. So the question is, where are the savings coming from which allows them to pay for so many high profile recruits?

Yep - no one has actually answered that question have they?

Yes answer the question, people here are keen to find out exactly what is happening.

[Macca19]

Does the sign on fee count towards the salary cap?

[stan]

Does the sign on fee count towards the salary cap?

I thought it was only match payments that count, but i could be wrong.

[Gravel]

Booney - Unfortunatyely No. In the annual report there is an income item named - PAFC Foundation gift $398,726. I think it collects the lotteries income but does other things as well. I would also like to know more.
I think sign on fees are included in the salary cap.

[Booney]

Booney - Unfortunatyely No. In the annual report there is an income item named - PAFC Foundation gift $398,726. I think it collects the lotteries income but does other things as well. I would also like to know more.
I think sign on fees are included in the salary cap.

Think you,me and much of the Sa Footy public would be interested,but,without a lawyer in your corner I dont feel many of us would make sense of it.

[doggies4eva]

Booney - Unfortunatyely No. In the annual report there is an income item named - PAFC Foundation gift $398,726. I think it collects the lotteries income but does other things as well. I would also like to know more.
I think sign on fees are included in the salary cap.

Think you,me and much of the Sa Footy public would be interested,but,without a lawyer in your corner I dont feel many of us would make sense of it.

Sign-on fees are part of the cap. They are a payment to a player from the club. Otherwise it would be an easy loophole to take advantage of. Eg Club A signs a player pays them $50,000 sign on fee and $50 a game. Clearly the sign on fee is a form a payment for services.