Finance Update

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Finance Update

Post by Lee Harradine on Mon Jun 22, 2015 12:19 pm

Article on the Club's website gives an update on the result of our Unit Trust venture:

http://westadelaidefc.com.au/planning-for-the-future-and-building-stronger-foundations-at-wafc/

The upshot is that the venture has been entirely successful.  This means that the West Adelaide Football Club has no long-term debt and only some current creditors, which means we are in a strong position right now.  Great thanks to those club supporters who have invested to help the club.

Much credit should go to the Club President, Richard Sykes, previous Finance Director Dean Withers, CEO John Kantilaftas, Board member John Levy and his colleagues on the Board for their efforts in finalising this.

Be proud of our Club.  We're no longer a 'basket case' as some have previously suggested, but are now financially strong and independent.  

Not only that, but we still retain ownership of our buildings, a great result.

I promised positive announcements and I think it's fair to say the Board has delivered, with the strong support of our members.

Now we need to ensure we become profitable regularly.

I am happy to answer any questions about this.
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Re: Finance Update

Post by inthruck on Wed Jun 24, 2015 6:15 pm

The report from Lee and the article in this morning's Advertiser are fantastic news for the club. We should all be thankful to the group who have contributed to this property investment. It is a magnificent gesture from them.
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Re: Finance Update

Post by testy on Wed Jun 24, 2015 7:15 pm


Great news in todays paper and a big thank you from me to those long time Bloods people who are involved in the deal that has been struck, in my opinion you have saved the club from what could have been extinction. Well done to all concerned. cheers



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Re: Finance Update

Post by Lachlan on Wed Jun 24, 2015 10:04 pm

Totally agree with the previous posts. Fantastic article in the paper
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Re: Finance Update

Post by bundy on Thu Jun 25, 2015 8:33 am

Can some one put it on here for us country and interstaters please.
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Re: Finance Update

Post by merrick on Fri Jun 26, 2015 12:07 am

Can u guys correct the time at he top of this web page
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Re: Finance Update

Post by firstblood on Fri Jun 26, 2015 7:37 am

merrick wrote:Can u guys correct the time at he top of this web page
Is the time in your own profile set correctly? Go to your profile at the top of the home page and select the preferences tab, near the bottom of the page you will see the timezone, it should be set to Adelaide (UTC + 09:30).
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Re: Finance Update

Post by merrick on Fri Jun 26, 2015 11:12 am

The time on my computer is correct 11:11:56
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Re: Finance Update

Post by merrick on Fri Jun 26, 2015 12:01 pm

Fixed it thanks
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