Hey Kochie

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Wonder what Kochie thinks about this ???


http://www.adelaidenow.com.au/news/...7137374801?sv=2fa1b4bb09fd79b4f0e07220f91b2de
"The chief reason for Westpac’s concern was whether the SANFL could meet its cash flow requirements. Unlike SACA, which had its debt wiped clean when it agreed to the Adelaide Oval upgrade, the SANFL remains lumbered with debt due in large part to its previous multi-million dollar bailouts of the formerly shambolic Port Adelaide Football Club.

The SANFL-owned land at Footy Park which has been rezoned may not be sold at a rate high enough or a speed quick enough to cover the cost of servicing that debt.

There is one passage in the report to the directors which helps explain why relations between the SANFL and Port in particular are so frosty. It reads:
It should be noted that SANFL in May 2014 paid the PAFC a further $1.5m to enable it to repay its AFL creditors and start as an independent club with no more than $500,000 creditors, in other words with a clean slate. This took total PAFC funding from SANFL to $16.25m and increased SANFL debt to approximately $37m.”

So almost half the SANFL’s debt comes from helping Port.

This is the same Port bitching and moaning coz the SANFL got some money out of the Adelaide's Oval deal.........

"Previously shambolic"????
Basically has $16 mill wiped off and they still lose $2 mill this year.

Incompetents!
 
Wonder what Kochie thinks about this ???


http://www.adelaidenow.com.au/news/...7137374801?sv=2fa1b4bb09fd79b4f0e07220f91b2de
"The chief reason for Westpac’s concern was whether the SANFL could meet its cash flow requirements. Unlike SACA, which had its debt wiped clean when it agreed to the Adelaide Oval upgrade, the SANFL remains lumbered with debt due in large part to its previous multi-million dollar bailouts of the formerly shambolic Port Adelaide Football Club.

The SANFL-owned land at Footy Park which has been rezoned may not be sold at a rate high enough or a speed quick enough to cover the cost of servicing that debt.

There is one passage in the report to the directors which helps explain why relations between the SANFL and Port in particular are so frosty. It reads:
It should be noted that SANFL in May 2014 paid the PAFC a further $1.5m to enable it to repay its AFL creditors and start as an independent club with no more than $500,000 creditors, in other words with a clean slate. This took total PAFC funding from SANFL to $16.25m and increased SANFL debt to approximately $37m.”

So almost half the SANFL’s debt comes from helping Port.

This is the same Port bitching and moaning coz the SANFL got some money out of the Adelaide's Oval deal.........

"Previously shambolic"????
Basically has $16 mill wiped off and they still lose $2 mill this year.

Incompetents!
2 Million in rent savings. Every year. Forever. You have ZERO moral high ground here cupcake.
 
Wonder what Kochie thinks about this ???


http://www.adelaidenow.com.au/news/...7137374801?sv=2fa1b4bb09fd79b4f0e07220f91b2de
"The chief reason for Westpac’s concern was whether the SANFL could meet its cash flow requirements. Unlike SACA, which had its debt wiped clean when it agreed to the Adelaide Oval upgrade, the SANFL remains lumbered with debt due in large part to its previous multi-million dollar bailouts of the formerly shambolic Port Adelaide Football Club.

The SANFL-owned land at Footy Park which has been rezoned may not be sold at a rate high enough or a speed quick enough to cover the cost of servicing that debt.

There is one passage in the report to the directors which helps explain why relations between the SANFL and Port in particular are so frosty. It reads:
It should be noted that SANFL in May 2014 paid the PAFC a further $1.5m to enable it to repay its AFL creditors and start as an independent club with no more than $500,000 creditors, in other words with a clean slate. This took total PAFC funding from SANFL to $16.25m and increased SANFL debt to approximately $37m.”

So almost half the SANFL’s debt comes from helping Port.

This is the same Port bitching and moaning coz the SANFL got some money out of the Adelaide's Oval deal.........

"Previously shambolic"????
Basically has $16 mill wiped off and they still lose $2 mill this year.

Incompetents!
I am disappointed - where is the attention seeking GIF? :drunk:
 
2 Million in rent savings. Every year. Forever. You have ZERO moral high ground here cupcake.

You could have had EXACTLY the same deal had you decided to take up the offer of an equal footprint at West Lakes. You chose to stay at Alberton.

Again, don't blame everyone else because YOUR CLUB made the dumb decision.

You Port flogs are calling for transparency on all this. I say be careful what you wish for. It will expose the total incompetency of your club as to why the SANFL has had to cough up over $16.5 mill to you.
 
You could have had EXACTLY the same deal had you decided to take up the offer of an equal footprint at West Lakes. You chose to stay at Alberton.

Again, don't blame everyone else because YOUR CLUB made the dumb decision.

You Port flogs are calling for transparency on all this. I say be careful what you wish for. It will expose the total incompetency of your club as to why the SANFL has had to cough up over $16.5 mill to you.
Check my post count. You said you were done wasting time on me. Please stick to your guns. Also I have a theory, that you and Topjars are the exact same person. You have the same ******ed views and are never around at the same time. Coincidence? I think not.
 
Check my post count. You said you were done wasting time on me. Please stick to your guns. Also I have a theory, that you and Topjars are the exact same person. You have the same ******ed views and are never around at the same time. Coincidence? I think not.


****ed views ???
Maybe everyone else can see the true picture !
I wonder, do you deluded Port flogs know you are deluded? The Roach has been spinning a yarn on this for months ...talking about clean stadiums etc when every year, Port runs up more and more debt and it's the SANFL that has bailed you out.
meltdown switch.jpg
Ha !

Try addressing the issue .. READ THE LINK
Inform yourself and try , for once, to respond without the typical Port flog "Chip On The Shoulder, Inferiority Complex blame the SANFL for all your woes "load of garbage.
 
View attachment 94693
Ha !

Try addressing the issue .. READ THE LINK
Inform yourself and try , for once, to respond without the typical Port flog "Chip On The Shoulder, Inferiority Complex blame the SANFL for all your woes "load of garbage.
Yes. I will educate myself, by reading something written by Pembo. A man who only has a job because he's giving a MP the high hard one. Typical spin being read and regurgitated by the same Port hating Hybrid Humpties that he targets. For shame.
 
Yes. I will educate myself, by reading something written by Pembo. A man who only has a job because he's giving a MP the high hard one. Typical spin being read and regurgitated by the same Port hating Hybrid Humpties that he targets. For shame.

He's quoting the report knucklehead.
The facts are not in dispute, otherwise surely "Good News Kochie " would have had something to say.
 
He's quoting the report knucklehead.
The facts are not in dispute, otherwise surely "Good News Kochie " would have had something to say.
Yeah. But no. Still failed to answer my question about you and Topjars. I think your reluctance to answer is an answer within itself. Knucklehead.
 

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Yeah. But no. Still failed to answer my question about you and Topjars. I think your reluctance to answer is an answer within itself. Knucklehead.

No ... I am not Topjars. Read the link - if you don;t understand it, ask someone to explain it to you and then you can address the issues I raised....
 
No ... I am not Topjars. Read the link - if you don;t understand it, ask someone to explain it to you and then you can address the issues I raised....
Ok, so Topjars is you. I have read the link. I especially like the way he just casually glosses over the Crows handouts. He also states he is an admirer of Port. Living in Adelaide and having heard his breakfast show I can comfortably state that he hates Port about as much as you do. Clearly he is not objective, and clearly he is a campaigner. Also, the source of the document he is using for his report is the SANFL. A horrible bunch of scheming bastards whose entire agenda since the day Port got an AFL license, has been to make sure they fail, on all fronts, all the time.
 
Ok, so Topjars is you. I have read the link. I especially like the way he just casually glosses over the Crows handouts. He also states he is an admirer of Port. Living in Adelaide and having heard his breakfast show I can comfortably state that he hates Port about as much as you do. Clearly he is not objective, and clearly he is a campaigner. Also, the source of the document he is using for his report is the SANFL. A horrible bunch of scheming bastards whose entire agenda since the day Port got an AFL license, has been to make sure they fail, on all fronts, all the time.


Exactly the typical Port flog response ("Chip On The Shoulder, Inferiority Complex blame the SANFL for all your woes "load of garbage) I referred to previously - with the added hysteria of "conspiracy".....
alfoil.jpg
Clearly you are deluded.
Shoot the messenger all you like - the message stays the same !
 
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He's quoting the report knucklehead.
The facts are not in dispute, otherwise surely "Good News Kochie " would have had something to say.
Monobrow is a Crows embassador.

I stopped reading the article as soon as I saw Monobrow's name attached to it.
 
Monobrow is a Crows embassador.

I stopped reading the article as soon as I saw Monobrow's name attached to it.
You are openly your admitting ignorance ...

Like I said
Shooting the messenger don't change the message sunshine
 
Exactly the typical Port flog response ("Chip On The Shoulder, Inferiority Complex blame the SANFL for all your woes "load of garbage) I referred to previously - with the added hysteria of "conspiracy".....
View attachment 94697
Clearly you are deluded.
Shoot the messenger all you like - the message stays the same !
Only liking it because of the image.
 
Still no Koch to explain the dismal financial result......In fact a quick look and we have not seen Koch in print or making any announcements since he sought to spoil the party of his ex-employee and the announcement of Phil Walsh as Crows' coach. That was on or about Sept 12th !

Koch watch stands at approx 76 days. That's 76 days of NO GOOD news from Port Power.......

No good news? I know the crows season was over already but you mean no good news other than us playing in a semi final on September 13th and a prelim final on the 20th?

Which he didn't want to talk about because it wasn't good news? :drunk:



And by the way maybe you should check his twitter account, plenty of PAFC commentary on there, I mean I know your an old battle axe and a technophobe but there are other forms of media these days rather than newspapers.




I know your modus operandi is to just say a whole heap of stupid shit and hope you stir someone up, but seriously, your posting is embarrassing.
 
Still no Koch to explain the dismal financial result......In fact a quick look and we have not seen Koch in print or making any announcements since he sought to spoil the party of his ex-employee and the announcement of Phil Walsh as Crows' coach. That was on or about Sept 12th !

Koch watch stands at approx 76 days. That's 76 days of NO GOOD news from Port Power.......


Oh gawd, I didn't even bother to check because I thought you surely couldn't get something like that wrong, then I remembered who posted it and a quick google later - yep, Phil Walsh was announced Adelaide coach on October 7th.

Do you get anything right?
 
You are openly your admitting ignorance ...

Like I said
Shooting the messenger don't change the message sunshine
But the message IS WRONG. It Is factually incorrect through omission.
 

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