PAFC 2026

[Zelezny Chucks]

Not sure how I feel about the AFL investing so much money into it's own clubs, no doubt for it's own benefit, while grassroots footy has arguable never been in worse shape.

Time to revisit their tax exempt status and force them to dish out more of that cash if they won't do it voluntarily.

[Dutchy]

Well done Port for having a go at this but it also comes with significant risk, as usual with Kochie he just talks the upside. Port will need to go back into significant debt if this gets off the ground, there is no approvals in place as yet, its all just conceptual.

Just as they get out of debt they are now back in debt to the AFL for $10m.

[Booney]

Well done Port for having a go at this but it also comes with significant risk, as usual with Kochie he just talks the upside. Port will need to go back into significant debt if this gets off the ground, there is no approvals in place as yet, its all just conceptual.

Just as they get out of debt they are now back in debt to the AFL for $10m.

Hmmm....

[bertiebeatle1]

Well done Port for having a go at this but it also comes with significant risk, as usual with Kochie he just talks the upside. Port will need to go back into significant debt if this gets off the ground, there is no approvals in place as yet, its all just conceptual.

Just as they get out of debt they are now back in debt to the AFL for $10m.

I know a lot of people don't understand finances and business growth, but this post has to be a genuine pisstake.

[Dutchy]

Well done Port for having a go at this but it also comes with significant risk, as usual with Kochie he just talks the upside. Port will need to go back into significant debt if this gets off the ground, there is no approvals in place as yet, its all just conceptual.

Just as they get out of debt they are now back in debt to the AFL for $10m.

I know a lot of people don't understand finances and business growth, but this post has to be a genuine pisstake.

In what way? Unless Im missing something all they have done is acquire the land at the moment which only the small stage of a very big project, if they have done more than that Im happy to be corrected.

[locky801]

Without being a smart ass Booney, was this what you have been eluding to?

Two property owners fought the good fight and held out even though offers were well above market value, Dale Kerrigan, if you like.

Sensible thing to do, get as much as you can, going through something similar here and we aint rolling over at this stage

[DOC]

Broadies buying you out?

[locky801]

Broadies buying you out?

They couldnt afford to

[bertiebeatle1]

Well done Port for having a go at this but it also comes with significant risk, as usual with Kochie he just talks the upside. Port will need to go back into significant debt if this gets off the ground, there is no approvals in place as yet, its all just conceptual.

Just as they get out of debt they are now back in debt to the AFL for $10m.

I know a lot of people don't understand finances and business growth, but this post has to be a genuine pisstake.

In what way? Unless Im missing something all they have done is acquire the land at the moment which only the small stage of a very big project, if they have done more than that Im happy to be corrected.

Knowing some background on this prior to yesterday's announcement, it's $1.01 to go through so no concerns with that. It's your concerns regarding debt that dumbfound me

[Armchair expert]

Port supply land
Developer supply buildings

Sell/Rent

= Profit?

[Dutchy]

Kochie said they are doing it all themselves, with the slight chance of some super funds being involved, but he gave the impression this was to deliver long term revenue to the footy club so I can't see Port being a minor shareholder.

If its not going to be funded by debt then Im not sure how else it is going to be funded without significantly reducing your shareholding?

I think I saw somewhere it will be worth $300m, with Kochie saying it will deliver $5-8m in revenue pa, based on $8m thats only 2.6% return, so there needs to be finance costs or a significant other shareholder, or both (which I suspect is the case)

The members who bought the land are probably the key to this and there might be people in there that will take more of a shareholding, they will want a return at some stage.

Be interesting to watch how they do this.

[DOC]

Kochie said they are doing it all themselves, with the slight chance of some super funds being involved, but he gave the impression this was to deliver long term revenue to the footy club so I can't see Port being a minor shareholder.

If its not going to be funded by debt then Im not sure how else it is going to be funded without significantly reducing your shareholding?

I think I saw somewhere it will be worth $300m, with Kochie saying it will deliver $5-8m in revenue pa, based on $8m thats only 2.6% return, so there needs to be finance costs or a significant other shareholder, or both (which I suspect is the case)

The members who bought the land are probably the key to this and there might be people in there that will take more of a shareholding, they will want a return at some stage.

Be interesting to watch how they do this.

Debt serviceability, as raised by you, is the cornerstone of every major property development that does not have an entity with what would be an enormous cash reserve.

They make some plenty but they are not guaranteed. No matter which way you go, all investment has risk with the possible exception of government guaranteed cash accounts.

I think Port are the second club to develop property to ensure their ongoing financial commitments, Hawthorn being the other but not sure of their setup (Waverley and surrounds development since sold to the AFL).

[bertiebeatle1]

Kochie said they are doing it all themselves, with the slight chance of some super funds being involved, but he gave the impression this was to deliver long term revenue to the footy club so I can't see Port being a minor shareholder.

If its not going to be funded by debt then Im not sure how else it is going to be funded without significantly reducing your shareholding?

I think I saw somewhere it will be worth $300m, with Kochie saying it will deliver $5-8m in revenue pa, based on $8m thats only 2.6% return, so there needs to be finance costs or a significant other shareholder, or both (which I suspect is the case)

The members who bought the land are probably the key to this and there might be people in there that will take more of a shareholding, they will want a return at some stage.

Be interesting to watch how they do this.

They'll go into debt for sure, but there is good & bad debt. Your original post was questioning the move to go into debt to fund this. You may as well go question every home owner or developer in that case as to why they have chosen to go into debt.

[Dutchy]

Agree with you, however a large development like this doesn't occur without risks, I would think Port will end up the minority shareholder (which will be enough revenue but also removes some of the risk)

The Port is going through a growth phase, so again that helps mitigate risk, but who knows what the future holds economically locally, nationally, globally. Thats the scary part that Port/Developers cant control.

[bertiebeatle1]

Yes - our risk & possible profit will be minor compared to others invovled - as per below link, developers will likely carry the higher risk V reward.

https://www.portadelaidefc.com.au/news/ ... ton-square

[Dutchy]

Yes - our risk & possible profit will be minor compared to others invovled - as per below link, developers will likely carry the higher risk V reward.

https://www.portadelaidefc.com.au/news/ ... ton-square

Thanks for the link, a lot more detail there, Richardson is impressive, he took over a mess from KT but has done a brilliant job, I find it hard to comprehend he gets criticised by some Port people.

It does confirm that this is still very early stages, planning/development approval is going to be critical.

[amber_fluid]

I’m old enough to remember when Port existed to win premierships

[RB]

I’m old enough to remember when Port existed

EFA

[Armchair expert]

Ports gather round guernsey got front page of The Advertiser, did Boons massive news?

[Booney]

Ports gather round guernsey got front page of The Advertiser, did Boons massive news?