TonyK
Tash Jayasinghe
CibbuanoPort announces loss
December 9th 2008 08:09
PORT ADELAIDE has announced a financial loss of over $1 million for the 2008 season.
Power president Greg Boulton has blamed the $1,421,811 deficit on a drop in attendances and membership numbers.
"Financially it was a difficult year, and there are a range of factors for that which we are very keen to explain to our members and supporters," Boulton said.
"The significant drop in our average home ground attendances seriously hurt our result and was due to the scheduling of our home games, live telecasts against the gate, and poor on- field performance, which also severely impacted on merchandise sales."
"Membership revenue was also down from 2007, and our licensed club, The Port Club, made a significant loss."
Power president Greg Boulton has blamed the $1,421,811 deficit on a drop in attendances and membership numbers.
"Financially it was a difficult year, and there are a range of factors for that which we are very keen to explain to our members and supporters," Boulton said.
"The significant drop in our average home ground attendances seriously hurt our result and was due to the scheduling of our home games, live telecasts against the gate, and poor on- field performance, which also severely impacted on merchandise sales."
"Membership revenue was also down from 2007, and our licensed club, The Port Club, made a significant loss."
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