That's why the action AFL Vic took (and its timing) was so disappointing. Once the Dolphs went into adminstration, the $1.5 million figure was irrelevant, the club would either cease to exist or it would emerge with a fraction of that debt.
Given liquidation would deliver nothing to creditors it was always likely they would vote in favour of the DOCA, yet for some reason the licence was terminated without knowing what the club's financial position would be heading into 2017.
Having said that, there are now some really good people involved who have both relevant skills and passion for the club, so if the club can regain its licence a year to relaunch without the expense of running a football team might be the best thing to happen.
Have to agree this has worked out well in terms of foundation building for the future. The most important thing now is to get the right people into the club to ensure the future financial viability of the club and to put them on the path to onfield success. Hopefully those on the steering committee will stick around and form the basis of the new Board.
It should be mentiond that in the Administration washup the priority creditors - the players, coaching staff and employees will all be paid in full.
Strangely quiet the Roosters. It seems like the club is winding down and hasn't fought for re-admission into the elite state level competition and are happy to just play local footy.
Frankston did an incredible job during their 2017 hiatus... However I've seen and heard nothing about the Roosters in the media or updates via their own social media. Have I just missed the news and are North Ballarat stepping back up into the VFL in 2019?
Doesn’t sound like it... as you note, nothing even on social media.
Digs said something about them not being readmitted under the current Nth Ballarat administration.
Not sure if thats AFL Vics policy or if the NB amin want it that way....
Just on Frankston...the good work hasnt stopped this year...they have announced they have over 1100 paid up members this year, and for the first time I can remember the ground is full with the advertising boards around the fence.. Bucky said on Channel 7 that they have already saved and banked the next 3 years payments to their creditors.
Did the 2016 playing list get paid?
As far as I know they did. Pretty sure they are not listed as creditors, and I remeber the club saying their first priority was to make sure all the players and coaching staff were paid asap.
A bit of both Bearsman.
It's AFL Vic policy that the Roosters will not be readmitted whilst the current board are in charge, bought about the bullying of the Ballarat City Council who are not going to spend 40 Million dollars on a stadium for the local team in the Ballatat Football League.to play on.
The current board have shown interest in having a team in the future but doubts persist as some of the same people were responsible for the demise, so I wouldn't trust them to run a chook raffle.
The 2017 annual meeting will be held next Monday ( Can you believe that !!) and the members STILL haven't received the financials for 2016 or 2017 which is nothing short of disgraceful. Then the've got the gaul to tell you how well the club is being run,
Heaven forbid !!!
We might be from the bush. but we ain't green
Dolphins doing great things, long may it continue. The 2016 players were secured creditors scheduled to be paid off this year or next year from memory. Possible that has been done already given how well things are going off-field.
I got a fright. I thought this was a new posting; relieved to see it is an old post that has bubbled to top.
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