Football Victoria chasing fees to manage record-high $2 million debt
Save articles for later
Add articles to your saved list and come back to them any time.
Football Victoria is dealing with a record-high debt of nearly $2 million and has warned clubs that haven’t met this year’s financial obligations that they won’t be able to take to the park in 2024.
The governing body is holding a special general meeting on Sunday to vote on constitutional changes, but the broader financial situation has sparked concerns about the health of the round-ball code.
Football Victoria is in financial strife.Credit: Paul Rovere
In a public statement this week, FV flagged that club closures or mergers were potential outcomes.
“While it is expected most clubs will be able to rectify their debts ahead of season 2024, FV recognises that some clubs are not financially sustainable,” a statement read.
“This may result in mergers, acquisitions or closures – which although challenging – would ultimately lead to stronger and more sustainable clubs who can offer a better football experience for their members and the community they serve.”
Football Victoria’s debt has swollen to almost $2 million.Credit: Morgan Hancock
But issues surrounding the state of soccer in Victoria were raised in state parliament on Thursday night when Labor MP Anthony Cianflone took aim at FV.
“I have continued to be approached by local grassroots football club representatives who have continued to express their concerns about the role, governance and culture of Football Victoria in supporting local football,” Cianflone said.
The MP was concerned that grassroots clubs were unfairly feeling the brunt of financial pressure.
“It is very concerning that a peak sporting body would be treating its not-for-profit and volunteer clubs in this manner,” he said.
“FV should be working with in good faith with the entire football community and with the government to help grow the game across Victoria.”
FV confirmed that its “unprecedented” debt was “nearing $2 million”.
“This matter is of the highest importance to the players, parents, guardians and families who form the backbone of our football community. It is imperative that any registration fees you pay ensure your ability to participate in 2024.”
But FV also warned individuals that any funds given to clubs which are in breach of their financial commitments might be “unrecoverable as the club may not be fit to compete in the 2024 season”.
Get the day’s breaking news, entertainment ideas and a long read to enjoy. Sign up to receive our Evening Edition newsletter here.
Most Viewed in Sport
From our partners
Source: Read Full Article
