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west perth's financial troubles 5 years 9 months ago #152627

  • ArkRoyal
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BH and Baz: I do get it on the susidy, I even get that people on here might not want to assist them

The strangest thing about it for me is that they went into 'administration' without approaching their fans and the rest of the football community. 'Administration should have been the absolute last resort.

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west perth's financial troubles 5 years 9 months ago #152628

  • Jjim
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Russell Ellen has now resigned as a director of the club.
The following user(s) said Thank You: Bazza

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west perth's financial troubles 5 years 9 months ago #152629

  • Greatwhiteshark
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ArkRoyal wrote: BH and Baz: I do get it on the susidy, I even get that people on here might not want to assist them

The strangest thing about it for me is that they went into 'administration' without approaching their fans and the rest of the football community. 'Administration should have been the absolute last resort.


I agree mate but maybe they just thought it’s just to much for their supporter base to climb. This way the supporters and members know it’s do or die. Hopefully if they think like me they will dig deep to help the club which has given them so much joy over the journey.
The following user(s) said Thank You: ArkRoyal

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west perth's financial troubles 5 years 9 months ago #152630

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Jjim wrote: Russell Ellen has now resigned as a director of the club.


There will be others as well.

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west perth's financial troubles 5 years 9 months ago #152631

  • Bazza
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BC wrote: I was just reading Victorian AFL clubs reaped around $100m from pokies last year with Hawthorn $24m and Carlton $19m the biggest winners...maybe WP could put some machines up there for a few extra bucks. Christ, it's far enough away from Crown so they couldn't complain.


Good point BC, I have said it for years and I will say it again, our Wafl clubs deserve and need Pokies, fark me if we can have cage fighting we can have pokies, the states a joke,

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west perth's financial troubles 5 years 9 months ago #152632

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On the WP club site there is a good post outlining the position of the club. But I could not see anything there about donnating It needs to be in people's faces more that the club is in trouble

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Last edit: by ArkRoyal.

west perth's financial troubles 5 years 9 months ago #152633

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Bazza wrote:

BC wrote: I was just reading Victorian AFL clubs reaped around $100m from pokies last year with Hawthorn $24m and Carlton $19m the biggest winners...maybe WP could put some machines up there for a few extra bucks. Christ, it's far enough away from Crown so they couldn't complain.


Good point BC, I have said it for years and I will say it again, our Wafl clubs deserve and need Pokies, fark me if we can have cage fighting we can have pokies, the states a joke,


Not going to happen.

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west perth's financial troubles 5 years 9 months ago #152635

  • westaussieguy
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Leedy wrote:

westaussieguy wrote: Anyone heard any news on what happened at tonight's meeting?


This a snapshot of what was brought up last night- We are $790k in debt, we start fresh from 28th Aug once accountants have squared away and balanced the books and negotiated repayment plans with creditors, 10c or 20c in the dollar, what ever they agree too. We haven’t received any revenue from the new rooms yet, we have been hamstrung by Venues West who we are fucking off, in fact there are over 200 members there tonight that want a large chunk of the pricks. No name changes, no money in it. We have missed out on revenue from our Corporate Classic, banquet auction and Golf Classic that = around $200k a year because we simply couldn’t afford to set them up. Colin Rockman (Big Rock Toyota) spoke and got stuck into Scott Ballem which was entertaining but not deserved, Scott has been a good face for the club the last couple of days. Rockman reckons we should pay all creditors 100% of money owed. They know where debt originated but can’t divulge until we get the running of the club back. There was reference too Swans back in 2000 and they went to the members quickly and got through it sort of, they were always chasing your arse like most clubs. Accounting firm now have control of the club until the 28th August, our coaches and match day organisers continue with what they are doing.


Thank-you L
Hang in there dude.
Still quite a few questions need answering, no doubt the administrator will get to the bottom of it

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west perth's financial troubles 5 years 9 months ago #152640

  • Unholytugboat
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And yet there was no expense spared at the free for all function last week at the club............

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west perth's financial troubles 5 years 9 months ago #152641

  • Falcon
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Some of you guys are wondering where has the money gone?
I honestly think most of it has gone into the hidden costs of relocating into that new building, it looks like the club was handed an empty building that needed a large amount of money spent on it to bring it up to scratch.

Anyway that’s my take on it

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