Frankston Dolphins VFL club forced into administration with debts of more than $500,000
From the Frankston Standard Leader and localfooty.com.au
Reported by Paul Amy
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CRIPPLED by debt, Frankston Football Club has gone into voluntary administration.
Only a few weeks after holding a major function at their new social club to celebrate their 50th year in the VFA/VFL, the Dolphins have called in an administrator to work through their financial situation and deal with creditors.
Worrells Solvency and Foresenic Accountants of Frankston has been appointed administrator.
But league sources suggest the Dolphins are determined to deal with their problems and play on in the state league.
The club is the only one in the VFL to have never been aligned with an AFL side. It has produced a number of AFL players over the years including Bulldog Matthew Boyd, Tiger Sam Lloyd and Essendon pair Mark Baguley and in-demand Michael Hibberd.
AFL great and Port Melbourne coach Gary Ayres said this morning he was “shocked and saddened’’ at Frankston’s “current dire predicament’’.
He said he hoped the AFL and State Government would intervene and support the club.
“As a Victorian football community we need all the stand-alone clubs to be successful and competitive, and in the case of Frankston, with that whole region on their doorstep, I would think AFL Victoria would see them as extremely important,’’ he said.