Dutchy wrote:carey wrote:Surely Dutchy has something negative to say about Wines signing???
Whats he doing in 2019?
Will be announced as Ports new Captain after winning the 2018 Brownlow medal.......
by carey » Thu Feb 11, 2016 6:54 am
Dutchy wrote:carey wrote:Surely Dutchy has something negative to say about Wines signing???
Whats he doing in 2019?
by stan » Thu Feb 11, 2016 8:39 am
by Booney » Thu Feb 11, 2016 8:44 am
JK wrote:Booney just picked up cheap Wines and a 3 day growth
by Booney » Thu Feb 11, 2016 9:07 am
Booney wrote:daysofourlives wrote:valleys07 wrote:Some more great news. 2 quality footballers and quality men, are now locked away to become one club players.
I have it on good authority that one of our 2 remaining "gifts" will be Chad (no great surprise there- he was never going anywhere), but (dependent on the order) Ollie will not be #3 or #4.
If Ollie isnt signed in this spate of signatures I dont think you are going to get it at all. Reckon he slips into a brown and gold guernsey fairly nicely and we have more salary cap space than Port
Wines will sign for 2 years. At the end of that he'll be restricted, 23 and a premium midfielder of the competition. His next deal will be as big as any around the competition. I hope both are with Port, I believe they will be.
by daysofourlives » Thu Feb 11, 2016 9:34 am
by Booney » Thu Feb 11, 2016 9:38 am
daysofourlives wrote:So in 3 more years this will be his home?
Or he could go down the Dangerfield path
by Dutchy » Thu Feb 11, 2016 9:58 am
by Booney » Thu Feb 11, 2016 10:13 am
by Red Rocket » Thu Feb 11, 2016 10:21 am
Booney wrote:daysofourlives wrote:So in 3 more years this will be his home?
Or he could go down the Dangerfield path
Boak, Trengove, Wines all stayed.
Tippett, Dangerfield, Gunston did not.
See a pattern?
by valleys07 » Thu Feb 11, 2016 10:26 am
Dutchy wrote:PORT ADELAIDE president David Koch has completed his mission of making the Power a “sustainable business”. Now he has to clear significant debt at Alberton.
“It is unacceptably high — it is as simple as that,” says Koch of the red ink on Port Adelaide’s financials.
The Power this month reported its first profit — $211,302 — in eight years, but lost in the analysis of Port Adelaide’s finances, particularly among the members at the club’s annual meeting, was the club’s long-standing debt.
While Port Adelaide has slashed its short-term borrowings in the past year — from $2.75 million to $340,819 — the club’s long-term loans have more than tripled from $2m to $6.675m.
In essence, the Power — which has increased its net assets to $4m to remain a viable business — has eased the immediate need to pay bills at Alberton.
“In previous years we’ve sought advances from the AFL to keep our heads above water,” Koch said. “Now we are on schedule with all our AFL payments.”
Port Adelaide ranks high among AFL club’s carrying debt beyond the league $5 million debt ceiling, a trigger than forces league to intervene in the club’s administration.
But the club’s growth to record membership (topping the Crows for the first time since 1991 in the SA market), record crowds at Adelaide Oval and record corporate support that has tripled to $18m in the past three years has taken Port Adelaide off the AFL’s high-concern list.
The debt, however, remains a concern at Alberton.
“We are working to bring that (debt) down,” Koch said. “You can only do that when you are back in the black. The first step is becoming cash-flow positive.
“We have a plan — get back in the black and then start chipping away at our debt.
“Now we are on track. We’ve made a profit. In the next few years we can make a serious dent on our debt.”
Koch inherited, by AFL decree, the Port Adelaide Football Club presidency in October 2012 after the Brett Duncanson administration became worn down by its fight to restructure the Power licence away from SANFL control and the failing stadium deal at Football Park.
Koch acknowledges former Port Adelaide chief executive Mark Haysman’s courageous campaign to take the Power — and AFL football — from West Lakes to the new Adelaide Oval has saved his club.
“A good stadium deal underpins the financial sustainability of a football club,” Koch said. “And Adelaide Oval is a sensational winner for us. It is a resounding success. It has underpinned our financial performances.”
Port Adelaide banked a $4.5m uplift in revenue at the Oval last season when compared to Football Park figures. This will increase to $6.5m this year.
Also significant in Port Adelaide’s financial statements is the club’s decision to report profit after depreciation — and not before as other AFL do. The pre-depreciation profit figure at Alberton is near $1 million, highlighting the positive turnaround in the business.
The Adelaide Football Club will declare its financial position — with a profit from a challenging Season 2015 — at its annual meeting on February 24.
by hawks21 » Thu Feb 11, 2016 10:38 am
Booney wrote:daysofourlives wrote:So in 3 more years this will be his home?
Or he could go down the Dangerfield path
Boak, Trengove, Wines all stayed.
Tippett, Dangerfield, Gunston did not.
See a pattern?
by Booney » Thu Feb 11, 2016 11:07 am
hawks21 wrote:Booney wrote:daysofourlives wrote:So in 3 more years this will be his home?
Or he could go down the Dangerfield path
Boak, Trengove, Wines all stayed.
Tippett, Dangerfield, Gunston did not.
See a pattern?
They all got over inflated salaries to keep them from going home?
by valleys07 » Thu Feb 11, 2016 11:49 am
by hawks21 » Thu Feb 11, 2016 12:06 pm
Booney wrote:hawks21 wrote:Booney wrote:daysofourlives wrote:So in 3 more years this will be his home?
Or he could go down the Dangerfield path
Boak, Trengove, Wines all stayed.
Tippett, Dangerfield, Gunston did not.
See a pattern?
They all got over inflated salaries to keep them from going home?
Unlikely with what we're paying Dixon and Ryder.
by Dutchy » Thu Feb 11, 2016 12:17 pm
by valleys07 » Thu Feb 11, 2016 12:18 pm
bennymacca wrote:Great preview Valleys.
by bennymacca » Thu Feb 11, 2016 2:04 pm
valleys07 wrote:bennymacca wrote:Great preview Valleys.
Cheers Benny. When can we expect your Crows preview?
by UK Fan » Thu Feb 11, 2016 5:24 pm
fester69 wrote: I'm full of "pish and wind" !!You can call me weak !!
MW wrote: Well call me a special asshole!.
Booney wrote: I'm a happy clapper **** stick.
by Ruben Carter » Thu Feb 11, 2016 5:37 pm
UK Fan wrote:"While Port Adelaide has slashed its short-term borrowings in the past year — from $2.75 million to $340,819 — the club’s long-term loans have more than tripled from $2m to $6.675m"
So just by using figures in the article.
PAFC Debt a year ago
SHORT TERM: $2.75 mill
LONG TERM: $2 mill
TOTAL TERM DEBT 2015 : $4.75 mill
PAFC Debt now
SHORT TERM: $350K
LONG TERM: $6.675 mill
TOTAL TERM DEBT 2016 : $7 mill
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