TOPIC:

Bazza wrote:

chaddy22 wrote:

Bazza wrote:

mikeh wrote: If West Perth fold, it will give the vultures ( aka the WAFC) the excuse to completely revamp the competition and put it under the control of the AFL like every other 2nd tier competition in Australia. Very sad but I think this has been inevitable since 2013.

Do you want SDFC to fold, because that is what will happen if we don't take urgent action and make it viable.

Is SANFL run by the AFL?

SANFL a bit smarter.They owned AAMI.Now that the two afl teams are playing at Adelaide oval I think the plan is to sell aami and at least the money will benefit the clubs.

Yep, can't work out why Mike thinks they are running SANFL , in fact they are far smarter and have decoupled by selling the licences which is what we should do.

Yep fair enough thanks guys, I wasnt aware of the SANFL arrangements, looks like a good model.

Open Questions to the WPFC
(1) In what year did the auditors' reports reveal rapid increases in trading losses and creditors not being paid in accordance with normal trading terms

(2) Had any Board members resigned after questioning the solvency of the club

(3) Were there reasonable grounds for members of the Board to have suspected insolvency?

(4) Did anybody take any steps to prevent the club from continuing to trade?

(5) Did the President, CEO or other board members first identify steps that should have taken to prevent the debt from being incurred, and satisfying themselves that the steps, if taken, would have been effective in preventing the debt

(6) Did any board member with a requisite degree of awareness of insolvency make an attempt to prevent trading considering that no steps had been identified or proven to have been effective if taken

(7)Did the president or the board instruct the financial controller or other board members not to incur further debt or appoint an administrator?

The onus of proof is on the Board to show that "all reasonable steps" were taken to prevent the Club from incurring the debt.

The provisions of insolvent trading is designed to protect the public by seeking to safeguard the public interest in the transparency and accountability of clubs and in the suitability of directors to hold office

This in particular includes the protection of individuals that deal with companies, including consumers, creditors, shareholders and investors and assessing the fitness of an individual to be on the board, as it is necessary that they have an understanding of the proper role of the Board and the duty of due diligence that is owed to the club

The clear message to each WAFL club is that insolvent trading is taken very seriously by the courts and will, in the appropriate case, impose significant penalty orders against those who have disregarded their duty of care.

Bazza wrote:

chaddy22 wrote:

Bazza wrote:

mikeh wrote: If West Perth fold, it will give the vultures ( aka the WAFC) the excuse to completely revamp the competition and put it under the control of the AFL like every other 2nd tier competition in Australia. Very sad but I think this has been inevitable since 2013.

Do you want SDFC to fold, because that is what will happen if we don't take urgent action and make it viable.

Is SANFL run by the AFL?

SANFL a bit smarter.They owned AAMI.Now that the two afl teams are playing at Adelaide oval I think the plan is to sell aami and at least the money will benefit the clubs.

Yep, can't work out why Mike thinks they are running SANFL , in fact they are far smarter and have decoupled by selling the licences which is what we should do.

Bazza some very wimple questions for you at answer with respect to your above post:

(i) how much and to whom should they sell the licences?
(ii) what should be done with the proceeds of the sale of the licences?
(iii) how does the sale of the licences improve the viability of the WAFL?

Unholytugboat wrote: Rumour of the Day:

A bunch of Junior/community clubs are circling West Perth in an attempt "to take ownership" of the club in order to give grass roots football clubs a say in what goes on at the WA Football Commission.

Guess someone has finally got sick of the states largest stakeholder in WA Footballer virtually not having a say in how it is run... watch this space.

uhtb are deluding yourself if you think that West Perth or any other WAFL club has much of a say in what goes on at the WAFC. From my perspective the only power the WAFL clubs have is the power to veto any additional teams joining the WAFL. The WAFL clubs didn't vote on the host club alignment for example.

The WAFC is a law unto themselves.

swan42 wrote:

Bazza wrote:

chaddy22 wrote:

Bazza wrote:

mikeh wrote: If West Perth fold, it will give the vultures ( aka the WAFC) the excuse to completely revamp the competition and put it under the control of the AFL like every other 2nd tier competition in Australia. Very sad but I think this has been inevitable since 2013.

Do you want SDFC to fold, because that is what will happen if we don't take urgent action and make it viable.

Is SANFL run by the AFL?

SANFL a bit smarter.They owned AAMI.Now that the two afl teams are playing at Adelaide oval I think the plan is to sell aami and at least the money will benefit the clubs.

Yep, can't work out why Mike thinks they are running SANFL , in fact they are far smarter and have decoupled by selling the licences which is what we should do.

Bazza some very wimple questions for you at answer with respect to your above post:

(i) how much and to whom should they sell the licences?
(ii) what should be done with the proceeds of the sale of the licences?
(iii) how does the sale of the licences improve the viability of the WAFL?

Agree where you going with this - the licenses are worth millions and you cannot trust the WAFC to spend it wisely - honestly they'd invent some 'development' thing and hire some more of their buddies on big salaries - that's where it would go.

alahoy wrote:

swan42 wrote:

Bazza wrote:

chaddy22 wrote:

Bazza wrote:

mikeh wrote: If West Perth fold, it will give the vultures ( aka the WAFC) the excuse to completely revamp the competition and put it under the control of the AFL like every other 2nd tier competition in Australia. Very sad but I think this has been inevitable since 2013.

Do you want SDFC to fold, because that is what will happen if we don't take urgent action and make it viable.

Is SANFL run by the AFL?

SANFL a bit smarter.They owned AAMI.Now that the two afl teams are playing at Adelaide oval I think the plan is to sell aami and at least the money will benefit the clubs.

Yep, can't work out why Mike thinks they are running SANFL , in fact they are far smarter and have decoupled by selling the licences which is what we should do.

Bazza some very wimple questions for you at answer with respect to your above post:

(i) how much and to whom should they sell the licences?
(ii) what should be done with the proceeds of the sale of the licences?
(iii) how does the sale of the licences improve the viability of the WAFL?

Agree where you going with this - the licenses are worth millions and you cannot trust the WAFC to spend it wisely - honestly they'd invent some 'development' thing and hire some more of their buddies on big salaries - that's where it would go.

Tuppence ha'penny is what the entire WAFC is worth and throw in Gavin Taylor.

Dempsey wrote: Open Questions to the WPFC
(1) In what year did the auditors' reports reveal rapid increases in trading losses and creditors not being paid in accordance with normal trading terms

(2) Had any Board members resigned after questioning the solvency of the club

(3) Were there reasonable grounds for members of the Board to have suspected insolvency?

(4) Did anybody take any steps to prevent the club from continuing to trade?

(5) Did the President, CEO or other board members first identify steps that should have taken to prevent the debt from being incurred, and satisfying themselves that the steps, if taken, would have been effective in preventing the debt

(6) Did any board member with a requisite degree of awareness of insolvency make an attempt to prevent trading considering that no steps had been identified or proven to have been effective if taken

(7)Did the president or the board instruct the financial controller or other board members not to incur further debt or appoint an administrator?

The onus of proof is on the Board to show that "all reasonable steps" were taken to prevent the Club from incurring the debt.

The provisions of insolvent trading is designed to protect the public by seeking to safeguard the public interest in the transparency and accountability of clubs and in the suitability of directors to hold office

This in particular includes the protection of individuals that deal with companies, including consumers, creditors, shareholders and investors and assessing the fitness of an individual to be on the board, as it is necessary that they have an understanding of the proper role of the Board and the duty of due diligence that is owed to the club

The clear message to each WAFL club is that insolvent trading is taken very seriously by the courts and will, in the appropriate case, impose significant penalty orders against those who have disregarded their duty of care.

Great post Dempsey, Korda Mentha will answer most of that I expect.

swan42 wrote:

alahoy wrote:

swan42 wrote:

Bazza wrote:

chaddy22 wrote:

Bazza wrote:

mikeh wrote: If West Perth fold, it will give the vultures ( aka the WAFC) the excuse to completely revamp the competition and put it under the control of the AFL like every other 2nd tier competition in Australia. Very sad but I think this has been inevitable since 2013.

Do you want SDFC to fold, because that is what will happen if we don't take urgent action and make it viable.

Is SANFL run by the AFL?

SANFL a bit smarter.They owned AAMI.Now that the two afl teams are playing at Adelaide oval I think the plan is to sell aami and at least the money will benefit the clubs.

Yep, can't work out why Mike thinks they are running SANFL , in fact they are far smarter and have decoupled by selling the licences which is what we should do.

Bazza some very wimple questions for you at answer with respect to your above post:

(i) how much and to whom should they sell the licences?
(ii) what should be done with the proceeds of the sale of the licences?
(iii) how does the sale of the licences improve the viability of the WAFL?

Agree where you going with this - the licenses are worth millions and you cannot trust the WAFC to spend it wisely - honestly they'd invent some 'development' thing and hire some more of their buddies on big salaries - that's where it would go.

Tuppence ha'penny is what the entire WAFC is worth and throw in Gavin Taylor.

right at this moment they are worth $250,000.00 to the West Perth Football Club Inc. Because that is what they have extended to them to keep them playing for the rest of the season.

Bazza wrote:

swan42 wrote:

alahoy wrote:

swan42 wrote:

Bazza wrote:

chaddy22 wrote:

Bazza wrote:

mikeh wrote: If West Perth fold, it will give the vultures ( aka the WAFC) the excuse to completely revamp the competition and put it under the control of the AFL like every other 2nd tier competition in Australia. Very sad but I think this has been inevitable since 2013.

Do you want SDFC to fold, because that is what will happen if we don't take urgent action and make it viable.

Is SANFL run by the AFL?

SANFL a bit smarter.They owned AAMI.Now that the two afl teams are playing at Adelaide oval I think the plan is to sell aami and at least the money will benefit the clubs.

Yep, can't work out why Mike thinks they are running SANFL , in fact they are far smarter and have decoupled by selling the licences which is what we should do.

Bazza some very wimple questions for you at answer with respect to your above post:

(i) how much and to whom should they sell the licences?
(ii) what should be done with the proceeds of the sale of the licences?
(iii) how does the sale of the licences improve the viability of the WAFL?

Agree where you going with this - the licenses are worth millions and you cannot trust the WAFC to spend it wisely - honestly they'd invent some 'development' thing and hire some more of their buddies on big salaries - that's where it would go.

Tuppence ha'penny is what the entire WAFC is worth and throw in Gavin Taylor.

right at this moment they are worth $250,000.00 to the West Perth Football Club Inc. Because that is what they have extended to them to keep them playing for the rest of the season.

You would want threepence back for the tuppence ha'penny you paid.

I not that you didn't even attempt to answer my three questions with respect to the sale of the licences.

The one question no one seems to be asking is - where did the money go - remembering that the ground and its maintenance is a JCC VW responsibility, WP are a tenant along with the netball, basket ball etc so unlike most other clubs their day to day costs are less, they don't have employ caters, bar folk etc, the folk who do the entry are volunteers like most other clubs. Was it the lavishness catering for match day lunches, the bar bill what is it!

The skinny I have suggests it was what we all accuse Subi of doing, player payments with the difference being WP don't have the subi slush fund so they were living well and truly beyond their means.

The reason for asking is that depending on the real, actual and truthful reason will effect my view of what needs to the next steps taken!