Isaac
Years ago
SANFL's financial troubles
Article in the Messenger. On iPad so will paraphrase a few parts.
Sturt's 2012 loss was $447k. Bank debt $2.66m. West Adelaide lost $505k.
From the AFL, the SANFL gets game development money plus $1m to split amongst its league and amateur/country clubs which produce draftees. Each SANFL club gets $400k from annual Crows/Power licenses.
Clubs get $20k for producing an AFL draftee and an extra $15k if they reach 20 games.
And all this with pokie money propping up a few.
Seven out of the nine SANFL clubs made a loss. The clubs mentioned "face extinction within two years". Each gets home crowds of about 2,500.
AFL is quoted as saying they have no plans to adjust the payments heading down the chain towards the SANFL. Sturt CEO had proposed $90k payment per draftee.