Posted: Thu Dec 14, 2023 7:51 amcarey wrote:Now everyone on here are chartered accountants.
I love this site.
Posted: Thu Dec 14, 2023 8:17 amOne thing I’ve learnt over the years is that there is a lot of smokes & mirrors when it comes to football clubs and their finances. I know everytime the the Essendon one is released I have a chuckle as they do their level best to hide the truthBrodlach wrote:carey wrote:Now everyone on here are chartered accountants.
I love this site.
Some of us might have some business acumen and deal with balance sheets
Posted: Thu Dec 14, 2023 8:24 ammots02 wrote:DOC wrote:Many clubs do it but there is no such thing as a profit for a Football Club.
It is a surplus.
Please refer above and do not take anything Mr Koch says too literally.
Posted: Thu Dec 14, 2023 8:28 amcarey wrote:Now everyone on here are chartered accountants.
I love this site.
Posted: Thu Dec 14, 2023 8:42 amJim05 wrote:One thing I’ve learnt over the years is that there is a lot of smokes & mirrors when it comes to football clubs and their finances. I know everytime the the Essendon one is released I have a chuckle as they do their level best to hide the truthBrodlach wrote:carey wrote:Now everyone on here are chartered accountants.
I love this site.
Some of us might have some business acumen and deal with balance sheets
Posted: Thu Dec 14, 2023 8:53 amBooney wrote:mots02 wrote:DOC wrote:Many clubs do it but there is no such thing as a profit for a Football Club.
It is a surplus.
Please refer above and do not take anything Mr Koch says too literally.
One is an opinion, one is a report, but you carry on looking up at us nonetheless.
Posted: Thu Dec 14, 2023 9:08 ammots02 wrote:I was talking about the semantics of reporting a profit v a surplus, but you carry on getting offending by the nasty people picking on Port.
Posted: Thu Dec 14, 2023 10:08 amPosted: Thu Dec 14, 2023 10:35 amamber_fluid wrote:When the Port Magpies were winning premiership after premiership in the 70’s, 80’s and 90’s I couldn’t tell you if they turned over a profit or not.
Didn’t care as it was all about winning premierships.
How things have changed!
Talking about profits and balance sheets over premierships now.
Posted: Thu Dec 14, 2023 12:46 pmamber_fluid wrote:Talking about profits and balance sheets over premierships now.
Posted: Thu Dec 14, 2023 1:10 pmdedja wrote:amber_fluid wrote:Talking about profits and balance sheets over premierships now.
Well, there’s an easy fix isn’t there?
Approaching 20 years.
Posted: Thu Dec 14, 2023 1:14 pmcarey wrote:Although i'm very disappointed in the fact i haven't heard 'Oh, now they can pay the SANFL back'
The predictability of this site has let me down on this occasion. I expect this to be a rare occurrence.
Posted: Thu Dec 14, 2023 4:19 pmdedja wrote:Would be interesting to see their actual balance sheet.
The announcement mentions net assets increasing from $17.1M in 2022 to $32.7M in 2023. The $30M Alberton redevelopment was funded by at least $23M of Federal & State government and AFL grants, plus the club received $5M above the base 2023 AFL distribution to clubs (only Gold Coast, GWS, Brisbane, North Melbourne and St Kilda received more in 2023).
How has the redevelopment been accounted for on the balance sheet? If that $30M has been accounted for, then basically the net assets are reflective of the capital grants provided to the club, but pure speculation on my part without sighting this and previous years financials (and only based on the media statement released today, no googling involved).
They’re not on their Pat Malone, but actually how sustainable is the club when you take out the welfare components?
Posted: Fri Dec 15, 2023 8:45 amcarey wrote:Although i'm very disappointed in the fact i haven't heard 'Oh, now they can pay the SANFL back'
The predictability of this site has let me down on this occasion. I expect this to be a rare occurrence.
Posted: Sun Dec 17, 2023 10:25 amPosted: Sun Dec 17, 2023 11:27 amPosted: Sun Dec 17, 2023 2:30 pmcarey wrote:Well we did single handedly prop the SANFL up for decades winning flags at will. We’d get bored and win a premiership
Posted: Sun Dec 17, 2023 7:04 pmcarey wrote:Well we did single handedly prop the SANFL up for decades winning flags at will. We’d get bored and win a premiership
Posted: Sun Dec 17, 2023 8:13 pmPosted: Sun Dec 17, 2023 8:44 pmVamos wrote:That was a little subdued little fella, even a compliment in there of sorts. Expected more when I seen you were the last poster, you ok?