TOPIC:

swan42 wrote:

Bazza wrote: Its official the club is now in voluntry administration as of today, with debts of 1 Million, the WAFC have apparently confirmed they will not be covering outstanding liabilties but the admistrators are confident the club can continue trading for the time being.

This is absolutely devastating news for all Wafl people, one of the great traditional wa clubs may be about to dissapear in humiliating circumstances.

If this is not a urgent wake up call for every board member at every wafl club that change and a new era is needed then I dont know what is.

I wouldn't have expected any other response from you Bazza. How about pointing out that the responsibility for this environment where it BELONGS: Gavin Taylor and the WAFC?

Gee didnt know Taylor was on the board of WPFC ? Amazing....

Bazza wrote:

BC wrote:

Dazzler wrote: Who the fk were the auditors and what the fk have they been doing for the past five years???

It's an incorporated sporting club which means it doesn't automatically get audited and members aren't liable for debts.

I think dazzler raises some decent questions, not just in respect to the annual audit,but what decisions the board and ceo have made over the last five years, tbeir the ones tbat have been behind the wneel and a hell of a lot of mo ey has gone missing ...

as a not for profit sporting club they don't get audited unless it's a requirement by the WAFC which I'm not sure it is but will stand corrected if it is the case. it's also my understanding that the debts weren't on the books so any amount of audits would not have picked it up which brings me to my next questions...what in the hell did they blow $600k on they didn't go through their balance sheet or P&L?

Bazza wrote:

mikeh wrote: You have to hand it to the West Perth players in that they must have been aware of how serious the issue was when they ran onto the ground last saturday and yet they were still able to put that aside and produce a spirited and focused performance on the field.

They could be playing for free for the rest of the season, this sounds a lot like Fitzroy amd South Melbournes last days.

South Melbourne MOVED to Sydney - you REALLY ought to know that! Over to you a/man.

BC wrote:

Bazza wrote:

BC wrote:

Dazzler wrote: Who the fk were the auditors and what the fk have they been doing for the past five years???

It's an incorporated sporting club which means it doesn't automatically get audited and members aren't liable for debts.

I think dazzler raises some decent questions, not just in respect to the annual audit,but what decisions the board and ceo have made over the last five years, tbeir the ones tbat have been behind the wneel and a hell of a lot of mo ey has gone missing ...

as a not for profit sporting club they don't get audited unless it's a requirement by the WAFC which I'm not sure it is but will stand corrected if it is the case. it's also my understanding that the debts weren't on the books so any amount of audits would not have picked it up which brings me to my next questions...what in the hell did they blow $600k on they didn't go through their balance sheet or P&L?

Yep, actually mate its closer to 1 million, some serious concerns here about admin competence, it seems they couldnt wait to hand over to the admistrators either, something has gone nasty here for sure.

Bazza wrote:

swan42 wrote:

Bazza wrote: Its official the club is now in voluntry administration as of today, with debts of 1 Million, the WAFC have apparently confirmed they will not be covering outstanding liabilties but the admistrators are confident the club can continue trading for the time being.

This is absolutely devastating news for all Wafl people, one of the great traditional wa clubs may be about to dissapear in humiliating circumstances.

If this is not a urgent wake up call for every board member at every wafl club that change and a new era is needed then I dont know what is.

I wouldn't have expected any other response from you Bazza. How about pointing out that the responsibility for this environment where it BELONGS: Gavin Taylor and the WAFC?

Gee didnt know Taylor was on the board of WPFC ? Amazing....

He probably didn't know either. I believe I said Gavin Taylor AND the WAFC. I can explain it if you like.

BC wrote:

Bazza wrote:

BC wrote:

Dazzler wrote: Who the fk were the auditors and what the fk have they been doing for the past five years???

It's an incorporated sporting club which means it doesn't automatically get audited and members aren't liable for debts.

I think dazzler raises some decent questions, not just in respect to the annual audit,but what decisions the board and ceo have made over the last five years, tbeir the ones tbat have been behind the wneel and a hell of a lot of mo ey has gone missing ...

as a not for profit sporting club they don't get audited unless it's a requirement by the WAFC which I'm not sure it is but will stand corrected if it is the case. it's also my understanding that the debts weren't on the books so any amount of audits would not have picked it up which brings me to my next questions...what in the hell did they blow $600k on they didn't go through their balance sheet or P&L?

Mate all the clubs have to have an annual audit ever financial year, see section 69 Incorporated associations act 2015 ,its a 2750 fine if they dont.

Pretty sure wafc audit all wafl clubs books at end of year to ensure they are not insolvent.

Guessing it's a case of ledger tinkering and the WAFC hasn't had the opportunity to intervene.

swan42 wrote:

Bazza wrote:

BC wrote:

Dazzler wrote: Who the fk were the auditors and what the fk have they been doing for the past five years???

It's an incorporated sporting club which means it doesn't automatically get audited and members aren't liable for debts.

I think dazzler raises some decent questions, not just in respect to the annual audit,but what decisions the board and ceo have made over the last five years, tbeir the ones tbat have been behind the wneel and a hell of a lot of mo ey has gone missing ...

Are you angling for a position on the WAFC or as part of D Trump's administration. Your strident determination to completely deny any culpability of the WAFC in regard to the state of the WAFL is extraordinary in the extreme.

Unlike you Swan to blame any and every problem the WAFL has on the WAFC.

What did you want the WAFC to do about the WPFC administration hiding significant debts from its staff, members and the auditors? At the end of the day it’s West Perth’s board and CEO of the day that are fully responsible for West Perth’s business operations - not the WAFC.

What debts needed to be kept off the books and not reported to members and the WAFC is an interesting question? Salary cap breaches?

Tiger Tales wrote:

swan42 wrote:

Bazza wrote:

BC wrote:

Dazzler wrote: Who the fk were the auditors and what the fk have they been doing for the past five years???

It's an incorporated sporting club which means it doesn't automatically get audited and members aren't liable for debts.

I think dazzler raises some decent questions, not just in respect to the annual audit,but what decisions the board and ceo have made over the last five years, tbeir the ones tbat have been behind the wneel and a hell of a lot of mo ey has gone missing ...

Are you angling for a position on the WAFC or as part of D Trump's administration. Your strident determination to completely deny any culpability of the WAFC in regard to the state of the WAFL is extraordinary in the extreme.

Unlike you Swan to blame any and every problem the WAFL has on the WAFC.

What did you want the WAFC to do about the WPFC administration hiding significant debts from its staff, members and the auditors? At the end of the day it’s West Perth’s board and CEO of the day that are fully responsible for West Perth’s business operations - not the WAFC.

What debts needed to be kept off the books and not reported to members and the WAFC is an interesting question? Salary cap breaches?

The WAFC have made decision after decision that has NEGATIVELY impacted the viability of the WAFLand its clubs. They have thrust upon the WAFL a host club alignment that has alienated the rank and file supporter of the WAFL. They have put into effect a process that will remove the colts teams from the WAFL clubs. They have agreed to nonsensical fixturing of league games such as 11.40 am on a Sunday - Peel versus Swans.

They have allowed Channel 7 to dictate what round will not have a WAFL game broadcast.

They have done nothing to control and mitigate against the complete dominance of Subico.

All these decision and others have resulted in a significant drop i the interest and support of the WAFL.

Would you like me to continue?

Bazza wrote:

BC wrote:

Bazza wrote:

BC wrote:

Dazzler wrote: Who the fk were the auditors and what the fk have they been doing for the past five years???

It's an incorporated sporting club which means it doesn't automatically get audited and members aren't liable for debts.

I think dazzler raises some decent questions, not just in respect to the annual audit,but what decisions the board and ceo have made over the last five years, tbeir the ones tbat have been behind the wneel and a hell of a lot of mo ey has gone missing ...

as a not for profit sporting club they don't get audited unless it's a requirement by the WAFC which I'm not sure it is but will stand corrected if it is the case. it's also my understanding that the debts weren't on the books so any amount of audits would not have picked it up which brings me to my next questions...what in the hell did they blow $600k on they didn't go through their balance sheet or P&L?

Mate all the clubs have to have an annual audit ever financial year, see section 69 Incorporated associations act 2015 ,its a 2750 fine if they dont.

yep...fair enough...WP would meet the revenue threshold of a tier 3 association but it doesn't mean a whole lot when it's off the books. I'd be really interested to know what they've blown their $ on.