Official Club Stuff Port announce operating profit of $3.157M

[backtozero]

Well done happy clappers.

 

[Portwrld]

Does anyone have access to the club’s financial statement for this year?

 

[Portwon]

Well done.

Get me a premiership.

 

[davo999]

Hopefully when the debt clears we can shake off the AFL control and become more member driven

 

[Enviable Tradition]

Hopefully when the debt clears we can shake off the AFL control and become more member driven

I'm expecting Koch to announce something on this at the AGM.

I think they will try and get ahead of the crowd and give the bare minimum concession to try and placate the masses (a bit like the prison bars).

I'm expecting him to push for something like 1 extra member elected board member to try and cut off arguments for it to be a majority member control.

On SM-G975F using BigFooty.com mobile app

 

[Doctor Feel]

Good news for investors!

oh wait, i'm being told that is just money we didn't invest in football.

I'm also being told a majority of this is because of austerity and membership price increases. Exciting result.

 

[Doctor Feel]

Hopefully when the debt clears we can shake off the AFL control and become more member driven

Yeah ok. The board will surely move to do that any day now!

 

[Powerade 08]

Yippie

 

[TeeKray]

Good news for investors!

oh wait, i'm being told that is just money we didn't invest in football.

I'm also being told a majority of this is because of austerity and membership price increases. Exciting result.

Lol imagine trying to build an investment case for PAFC Ltd. You'd take one look at the board and run a million miles.

 

[JimmyBC]

Here is my question if anyone wants to ask it at the AGM:

What is the exact percentage of your revenue uplift that has been derived from increasing the cost of membership and ticketing? In more direct terms, how much extra have you been happy to charge your 'valued' members and supporters in the midst of a cost of living crisis in order to keep your own wages moving higher?

YOU DON'T GET TO ENJOY THIS!!

 

[RossFC]

Interesting that our revenue rivals a top championship club like Norwich.

 

[Papa G]

Wonder if GFG have been paying their sponsorship?

 

[JimmyBC]

It's all fiction until RussellEbertHandball reports in.

 

[RussellEbertHandball]

It's all fiction until RussellEbertHandball reports in.

The $20m revaluation of land and buildings will be interesting to see how they explain a revaluation of a new building that was only completed in February, unless it has something to do with the bowling club land.

 

[Papa G]

$69 mill in revenue is nothing to be sneezed at. It comfortably puts us in the middle teir of revenue earners without any significant outside of football operations. We still get atleast $5 mill more in AFL distributions than the "big" clubs including the Crows. You know we've probably got to financial stability if we drop to the next teir. Look I despise this board for their football acumen, but you begrudgingly have to give them credit for the complete turnaround in our financials. AO and getting rid of the SANFL albatross (mostly) played a huge part and can be argued that those wheels were put in motion by those before them, but yeah as I said, begrudgingly Koch Head has done a reasonable job on this front.

 

[chiwigi]

Interesting that our revenue rivals a top championship club like Norwich.

Our crowds would be twice as big.

 

[RussellEbertHandball]

Interesting that our revenue rivals a top championship club like Norwich.

I think you are incorrectly comparing AUD total to a GBP total revenue figures.

 

[JimmyBC]

What do you reckon a flag adds to the coffers? might be the only thing Koch would understand to get more ruthless.

 

[PortAdelFC1997]

Can I have $1.5 million to buy a house and pay off my HECS?

 

[RossFC]

I think you are incorrectly comparing AUD total to a GBP total revenue figures.

yeah ur right

 

[dav3]

So did all the people who dropped their memberships to "hit them where it hurts" suddenly sign on again when we got deep into finals? or did they just grossly overestimate the impact of their sooking?

 

[b0ydman Jr]

When we clear our debt next year, I wonder if pushing to own our AFL licence, or at least get a guideline will be next.

 

[JimmyBC]

So did all the people who dropped their memberships to "hit them where it hurts" suddenly sign on again when we got deep into finals? or did they just grossly overestimate the impact of their sooking?

Two team town in a football heartland there's enough happy clappers to pick up the slack.

 

[TazD]

So did all the people who dropped their memberships to "hit them where it hurts" suddenly sign on again when we got deep into finals? or did they just grossly overestimate the impact of their sooking?

BLOODY WELL SAID

 

[Bump Bailey]

So did all the people who dropped their memberships to "hit them where it hurts" suddenly sign on again when we got deep into finals? or did they just grossly overestimate the impact of their sooking?

WE SHOWED THE BASTARDS KENNY