Official Club Stuff Port Adelaide FC AGM 2023

[Cheesey Mac]

I had intended to go but I'm not going to be able to regrettably.

The return of the board to member control is the biggest issue that needs to be raised for mine. Hinkley and the sustained mediocrity he's championed is a symptom of a board who are entirely unaccountable to members, and whilst Ken needs to be fired (today if possible), the larger malady of board and admin unaccountability needs to be sorted out as a priority.

 

[Doctor Feel]

Agenda item 1 sack hinkley and koch

 

[TazD]

A Ports AGM without a least two "sack Hinkleys" is considered a dull affair.

 

[Ljc_86]

Give ‘em hell.

Looking forward to the report from those that can attend.

 

[TazD]

Has Koch finished his opening monologue yet?

 

[bow and arrow]

David Koch is all powerful at the club!

On SM-G781B using BigFooty.com mobile app

 

[Alberton Proud]

All quiet on the reporting front

Must be going well

 

[Doctor Feel]

All quiet on the reporting front

Must be going well

Wait for REH lol

 

[Contested Marx]

somewhat triggering reading this page and seeing ol' Kochtastic's face in the adverts below.

 

[Capital Power]

somewhat triggering reading this page and seeing ol' Kochtastic's face in the adverts below.

Yep, it's almost bad enough for me to sign up to Chief's premium plan.

I suggest we use a suitable nom-de-plume for our chairman so we can all escape the sophisticated AI which has assumed we want to see him on every page.

 

[Phar Ted]

 

[RossFC]

Koch: The club is in a really strong position

Port Adelaide Chairman David Koch has used his speech at the Annual General Meeting to outline the club's plans to become financially powerful.

www.portadelaidefc.com.au

CHAIRMAN David Koch has outlined Port Adelaide’s plans to reduce debt and build on its asset base at the club’s Annual General Meeting.

Speaking to about 300 members at the Lakes Resort Hotel, Mr Koch elaborated on the club’s financial result released in December, which included an operating profit of over $3.4million.

With operating revenue increasing to $57million – up $8million on the previous financial year – the club was able to pay down a further $2.5million of debt, leaving Port Adelaide just over $6million in the red.

It’s a significant turn-around following the potentially destructive impact of the COVID-19 pandemic, and Mr Koch said given two years ago the club had $12.3million in debt, it now had a strong platform to achieving its goal of being financially powerful.

Mr Koch said the club was on track to pay down another $2million of debt in 2023 and increase its net assets from $17million to over $30million with the redevelopment of Alberton Oval.

“We’ll get down to a debt position of debt of $4million and assets of $30million so if you think about it as your own home, we’ll have a mortgage that is 12, 13 or 14% of the value of the home. That’s really manageable,” he said.

In response to a question from a member in the audience, Mr Koch explained it was “a very clear desire of the board” to continue to reduce and then eliminate poker machines from the club over the next three to four years. He said the club was also working towards being carbon neutral.

Among the key differences, Mr Koch explained, between the 2012 and 2022 versions of Port Adelaide, was the strong and powerful business model based on:

• Membership numbers increasing from 30,000 to over 60,000
• Revenue rising from $26million to $57million
• Assets rising from $4million in 2012 to $17million in 2022
• Four key long-term major partners in MG, GFG, KFC and Santos.
  ​

 

[Duck Farmer]

Among the key differences, Mr Koch explained, between the 2012 and 2022 versions of Port Adelaide, was the strong and powerful business model based on:

• Membership numbers increasing from 30,000 to over 60,000
• Revenue rising from $26million to $57million
• Assets rising from $4million in 2012 to $17million in 2022
• Four key long-term major partners in MG, GFG, KFC and Santos.​

• Zero grand finals

 

[Doctor Feel]

He gets a free ****ing hit and focuses on corporate bullshit, what a surprise.

 

[Grave Danger]

Blah.

 

[PowerLil]

RussellEbertHandball will give a better synopsis than me.
Highlight was the Rioli interview.

 

[Papa G]

RussellEbertHandball will give a better synopsis than me.
Highlight was the Rioli interview.

Any hard hitting questions asked?

 

[Alberton Proud]

Carbon and Premiership neutral

 

[TeeKray]

Constantly benchmarking against 2012 even though 90% of the stuff they're windmilling about was achieved by like 2014 and it's now 2023.

 

[Duck Farmer]

In response to a question from a member in the audience, Mr Koch explained it was “a very clear desire of the board” to continue to reduce and then eliminate poker machines from the club over the next three to four years. He said the club was also working towards being carbon neutral.

Richardson hanging off Koch's every word and busily scribbling notes at the AGM:

Chasing Greatness™ - 3 premierships in the next 5 years

Chasing Greatness™ 2.0 - 3 years without pokies in the next 5 years

 

[Doctor Feel]

Constantly benchmarking against 2012 even though 90% of the stuff they're windmilling about was achieved by like 2014 and it's now 2023.

Lol they are ****ing frauds

 

[PowerLil]

Any hard hitting questions asked?

Not really. REH probably with the quizzing of Koch re Tredders. One gent questioned the footy dept on the lack of success for both teams. Very few questions asked of Donuts which was stark and the silence after his answers was palpable. Apathy all round.

 

[Launchpad McQuack]

2012 is over 2 five-year-plans in the past. Stalin would be spinning in his grave.

 

[Coobk001]

Among the key differences, Mr Koch explained, between the 2012 and 2022 versions of Port Adelaide, was the strong and powerful business model based on:

• Membership numbers increasing from 30,000 to over 60,000
• Revenue rising from $26million to $57million
• Assets rising from $4million in 2012 to $17million in 2022
• Four key long-term major partners in MG, GFG, KFC and Santos.​

FFS, here we go again.

"Oh everything is so much better now, you must all sit down, shut up, and be happy with where we are. Stop questioning the bald Messiah's of Koch and Ken.

Remember those 2 bad years we had in a piece of shit stadium, as our inaugural list reached its end and we needed to rebuild? So don't question us on the decade of failure since, because we got a good boost from AO which we'll credit to anyone that needs shielding from criticism."

 

[Coobk001]

Constantly benchmarking against 2012 even though 90% of the stuff they're windmilling about was achieved by like 2014 and it's now 2023.

Precisely. It's infuriating. Taking us for fools.