TOPIC:

From Swans E-newsletter, and hopefully will clear up the club's financial position with the ATO.

PRESIDENTS MESSAGE

Firstly, I confirm that Swans has a significant tax bill with the ATO. However, Swans do have it under control. I would like to advise that the ATO debt mentioned in The West Australian article dates 16/1/13, is not a new debt, it is part of the losses incurred in the 2011 financial year.

Once the new team of Directors got in, we attacked it straight away and came up with a financial plan. We will be paying approximately 50% of it in the next couple of weeks and then work through a payment plan with the ATO for the balance.

We basically had to get ourselves into a position financially to be able to lodge everything outstanding with the ATO to a) be able to pay them a lump sum payment b) confidently work with them on a plan to cover off the balance. We were in a position to do so before 31 December 2012.

The substantial 2011 loss meant that we fell behind with all creditors and we then fulfilled a significant regional community program unfunded from July to December 2012. This was a significant sum of money and came at a trying time, though we were still able to run those programs successfully and finish 2012 with a small P&L profit; albeit with a very tight cash flow.

The Board of Directors are urging members to renew their membership and use the club's facilities. Early indications at this time of the year are that Swans are going to be successful on and off the field.

Sincerely,

David Parkinson
President, Swan Districts Football Club

God id this happened at Perth our detractors would have a field day.

Well done to the PFC in keeping us out of this sort of mess. Keep up the Great Work.

Now time for a flag.

Time For a Flag wrote: God id this happened at Perth our detractors would have a field day.

Well done to the PFC in keeping us out of this sort of mess. Keep up the Great Work.

Now time for a flag.

Could you be so kind as to remind us just how long your clubs premiership drought has been dragging on for?

Hachii wrote:

Time For a Flag wrote: God id this happened at Perth our detractors would have a field day.

Well done to the PFC in keeping us out of this sort of mess. Keep up the Great Work.

Now time for a flag.

Could you be so kind as to remind us just how long your clubs premiership drought has been dragging on for?

It's a very odd post. We are the laughing stock of the compitition

Sorry Sacko have to disagree.

PFC are one of the best managed Clubs in the competition.

How many other Clubs have our financial record since 1999?

They have deliberately gone out of their way to live within their means.

If you were close to the Club you would understand that.

Thank christ it's not 1999.

Demons Forever wrote: Sorry Sacko have to disagree.

PFC are one of the best managed Clubs in the competition.

How many other Clubs have our financial record since 1999?

They have deliberately gone out of their way to live within their means.

If you were close to the Club you would understand that.

Thank christ it's not 1999.

Im sure the majority of your fans would rather have a few losses financially (obviously not 800k) but actually make a final let alone win a flag which seems further awau for the PFC than ever before!!

Demons Forever wrote: Sorry Sacko have to disagree.

PFC are one of the best managed Clubs in the competition.

How many other Clubs have our financial record since 1999?

They have deliberately gone out of their way to live within their means.

If you were close to the Club you would understand that.

Thank christ it's not 1999.

Im sure the majority of your fans would rather have a few losses financially (obviously not 800k) but actually make a final let alone win a flag which seems further away for the PFC than ever before!!

Swandog if PFC had not done what it did in 1999 and beyond we wouldn't have a club.

I am sure that even your good self can understand that, you're passionate about your Club.

If we weren't still here we wouldn't be winning a premiership in the future.

I just hope it's soon this old demon is getting on.

What I can't understand is the so called supporters that would be far happier to see us gone.

Living within your means may not be what some people want but we don't have (PFC that is) 3,500 members.

And some of our members are unlikely to recruit any.

Demons Forever wrote: Swandog if PFC had not done what it did in 1999 and beyond we wouldn't have a club.

I am sure that even your good self can understand that, you're passionate about your Club.

If we weren't still here we wouldn't be winning a premiership in the future.

I just hope it's soon this old demon is getting on.

What I can't understand is the so called supporters that would be far happier to see us gone.

Look i dont mind Perth and would much rather see them rise up the ladder and win a flag someday than Subi or East Freo for example, i reckon most fans from other clubs deep down would like to see a resurgent Perth