Official Club Stuff 2021 Financial Results

[RussellEbertHandball]

It’s ok to say no private owners, as long as you then run all the clubs on an equal/identical basis, which they don’t.

How can you run the clubs on an equal/identical capacity across the board if you don't have the same access to capital that private owners do?

Australian sports suffers from wanting to be world class and keep up with the Jones of the world, but doesn't have the population and funding streams to keep up or do some of the stupid things private owners in foreign countries do, but they have the financial muscle to survive such stupidity.

Plus we don't have the private ownership history and mentality where sports clubs are run to make a decent profit for the owners and not just a play thing.

So things like salary caps and other controls have been put in.

The one thing Australian sports clubs has done well is invest in sports science. That is world class and has lead the world because there aren't private owners who just throw money at a problem - ie buy a better player. Salary cap and small budgets have meant Aussie pro sports clubs have had to be smarter and innovative.

 

[chiwigi]

How can you run the clubs on an equal/identical capacity across the board if you don't have the same access to capital that private owners do?

Australian sports suffers from wanting to be world class and keep up with the Jones of the world, but doesn't have the population and funding streams to keep up or do some of the stupid things private owners in foreign countries do, but they have the financial muscle to survive such stupidity.

Plus we don't have the private ownership history and mentality where sports clubs are run to make a decent profit for the owners and not just a play thing.

So things like salary caps and other controls have been put in.

The one thing Australian sports clubs has done well is invest in sports science. That is world class and has lead the world because there aren't private owners who just throw money at a problem - ie buy a better player. Salary cap and small budgets have meant Aussie pro sports clubs have had to be smarter and innovative.

You can’t, which is the point.
They shouldn’t then hold back some clubs and let others effectively run free.

 

[RussellEbertHandball]

You can’t, which is the point.
They shouldn’t then hold back some clubs and let others effectively run free.

Then you are happy for your club to probably not survive in the national league.

Australia is a classical oligopoly market. 2 to 6 players in just about every national market.

If you want a true free market model for Aussie Rules, then you will have 6 to 8 teams in the national league.

You're not going to get a whole lot of foreigners invest in the AFL and lose money like they do in the A-League. There is a bit of sports washing in the A-League but most owners have teams elsewhere around the world.

 

[chiwigi]

Then you are happy for your club to probably not survive in the national league.

Australia is a classical oligopoly market. 2 to 6 players in just about every national market.

If you want a true free market model for Aussie Rules, then you will have 6 to 8 teams in the national league.

You're not going to get a whole lot of foreigners invest in the AFL and lose money like they do in the A-League. There is a bit of sports washing in the A-League but most owners have teams elsewhere around the world.

You’re missing the point, the current system allows the AFL to control who they like and let others effectively do what they like.

There is no ‘fairness’ or more importantly ‘sport’ in how it happens. Just politics, manipulation and bullshit!

 

[RussellEbertHandball]

You’re missing the point, the current system allows the AFL to control who they like and let others effectively do what they like.

There is no ‘fairness’ or more importantly ‘sport’ in how it happens. Just politics, manipulation and bullshit!

If that's your point - equality and fairness - then you didn't really make it.

Debt levels, where this started, has nothing to do with equality and fairness.

 

[Enviable Tradition]

I'm not usually that interested in comparisons with the Crows but rhe financial result given the shared market and similar stadium deals etc is always interesting.

P.s. what odds this article would have mentioned Ports result if the numbers had been reversed.

1.24M statutory profit and 3.59M cash operating profit.

 

[Jojay]

I'm not usually that interested in comparisons with the Crows but rhe financial result given the shared market and similar stadium deals etc is always interesting.

P.s. what odds this article would have mentioned Ports result if the numbers had been reversed.

1.24M statutory profit and 3.59M cash operating profit. View attachment 1336722

Yeah raised my eyebrows as well. Any previous year that we've come in below their result, the crows result would be mentioned in the article like it's a dick measuring contest.

Very curious on a lot of fronts considering they've supposedly got 70% market share.

 

[Andre]

I'm not usually that interested in comparisons with the Crows but rhe financial result given the shared market and similar stadium deals etc is always interesting.

P.s. what odds this article would have mentioned Ports result if the numbers had been reversed.

1.24M statutory profit and 3.59M cash operating profit. View attachment 1336722

Call me cynical, but I'm sure they've been sitting on these results, waiting for the right time to release them, long enough after ours and enough other more immediate news to stop anyone doing a comparison. Middle of an invasion of Ukraine - 'Deploy the ambassadors!'.

 

[The_Wookie]

 

[RussellEbertHandball]

Thanks for the document. There is a bit to read to understand some of the big swings.

One immediate thing that stands out is Net cash flows from/(used in) operating activities was $6,803,070 and that's after handing back to the feds $(4,635,829) for the Port Adelaide Aboriginal Centre of Excellence.

I completely forgot about that last month. Take out that repayment and the inflow of the $1.5m from the state government for AFLW changerooms and that's a net inflow of $10m from normal operations. That is WCE like if you netout their government grants for Lathalain Park when you look at their 5 years figures.


So having net cash inflow of $10m after eliminating government grants in and out, is why we could pay off debt $3.2m and buy and build assets of $3.4m, of which $2.4m was for the Port Club redevelopment.

But I gotta look at deferred revenue and payables and receivables deeper to see what is going on.

 

[Ilias M]

Fast forward April 2022 0-4 low crowd attendance supporters angry at Hinkley. Something not right financial wise assistant coaches not replaced

 

[Long live PAFC]

I wonder how our football department spend and employment numbers compare to other clubs?

Ie are we spending the same and maybe have dud coaches/conditioning staff? Spending less and getting less? Or about right and have just been unlucky?