Port Adelaide champion Warren Tredrea remains a board member of his former club and an AFL commentator at 5AA, but the South Australian radio station is “having a very close look” at his contract.

Tredrea was door-stopped outside court on Tuesday facing questions over his debt to former employer Channel 9, which he says has now been officially settled, according to “federal acts”, despite no money changing hands.

WATCH THE VIDEO ABOVE: Kane Cornes feels ‘a bit sad’ over Warren Tredrea situation.

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Tredrea claimed there isn’t enough gold or silver to cover Nine’s legal costs, so he issued an IOU to settle the debt.

He said he wrote a promissory note — commonly known as an IOU — to Nine regarding the legal costs owed, but insisted the debt is “discharged” because Nine did not respond to his request.

In an affidavit, Tredrea wrote: “I answer to the name Warren Tredrea of South Australia, a private man, my yes be yes, my no be no.

“I am not an entity, legal person, citizen, resident or any form of creature of statute.

“I have not been provided with any material facts or evidence that shows there exists any lawful gold or silver coin of substance in common circulation upon which to close, pay and extinguish an account.

“I believe sincerely that none exists … I believe no gold or silver coin in circulation can pay a debt.”

Outside court though, Tredrea scoffed at being asked if he recognised himself as a “citizen of the Commonwealth of Australia”.

“Absolutely I do,” he responded to the Nine journalist who asked the question.

“That’s just a farcical approach and an attempt, once again, by Channel 9 — they threatened me when these proceedings started that they wanted to bankrupt me and that’s what they’re trying to do now.

“So, I am a citizen and they’ve already been paid in a legal form of payment — check all the federal acts.”

Discussing the strange and unique situation on Tuesday night’s episode of The Agenda Setters, Caroline Wilson said Tredrea’s position on Port’s board is, at this stage, under no threat — but couldn’t say the same for his employment at 5AA.

“Port have been looking at their situation, they’ve been looking at their rights. And at this stage, Warren stays on the board,” she said.

“But there is another big Adelaide entity who might have an issue with Warren Tredrea, and that is his employer, radio station 5AA.

“As we sit here tonight, Warren will be calling footy for 5AA over the weekend, but my understanding is that Nova Entertainment — owner of 5AA — are having a very close look at Warren Tredrea’s contract, and that there could be some legal discussions in the coming weeks.

“No one will comment at Port Adelaide, this is a highly sensitive situation.

“We could go to Nova Entertainment for a formal response, but as I said, my understanding is that Warren’s contract will be looked at, and it will be looked at very closely. Because these are some very unusual statements.

“But at board level, I am being assured that his performance has been, if not strong, pretty good.”

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Wilson said though Tredrea’s position on the board may remain in tact, “he is closing doors within the Port Adelaide community, there is no doubt about that”.

Kane Cornes, who played alongside Tredrea for most of his career, including in the club’s inaugural and only AFL premiership in 2004, said he felt a sense of sadness over the situation.

“I’ve got a lot of affection for Warren because he was such a good mentor for me when I was a young player coming through, and I will always be grateful for that,” he said first.

“In fact, he helped me through some challenging times when I was young and coming through and wanted to get there quickly. He’s the best player I’ve ever played with alongside Gavin Wanganeen and Robbie Gray.

“So, I guess my overriding emotion is I feel a bit sad. Like, I feel a bit sad that he’s in that situation.

“I don’t think anyone wants to be door-stopped out the front of court, do you? It’s not an ideal situation for anyone to be in, owing money to someone.

“So, that’s my overriding emotion today. It will always be some empathy and some gratitude for what he has done for me.”

Cornes said the saga has reached a point where Port Adelaide should be making comment.

“But this isn’t ideal for the Port Adelaide Football Club at all, and I think they should be a bit stronger with what they are saying,” he continued.

“It’s not a private matter now; the fact that it is in court is a public issue.

“I think their statement has been around, ‘This is a private matter so we won’t be commenting’. I think the Port Adelaide fans deserve a little bit more than that.

“There is an instability there and I just think they need it to be a bit stronger — David Koch speaking publicly (for example). He’ll be asked about it in his regular media spots.

“But I don’t think ‘no comment’ is satisfactory for a big issue like this that is now in the public eye.”