{"id":294268,"date":"2023-11-17T07:38:53","date_gmt":"2023-11-17T07:38:53","guid":{"rendered":"https:\/\/sportsloveme.com\/?p=294268"},"modified":"2023-11-17T07:38:53","modified_gmt":"2023-11-17T07:38:53","slug":"football-victoria-chasing-fees-to-manage-record-high-2-million-debt","status":"publish","type":"post","link":"https:\/\/sportsloveme.com\/soccer\/football-victoria-chasing-fees-to-manage-record-high-2-million-debt\/","title":{"rendered":"Football Victoria chasing fees to manage record-high $2 million debt"},"content":{"rendered":"

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Football Victoria is dealing with a record-high debt of nearly $2 million and has warned clubs that haven\u2019t met this year\u2019s financial obligations that they won\u2019t be able to take to the park in 2024.<\/p>\n

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.<\/p>\n

<\/p>\n

Football Victoria is in financial strife.<\/span>Credit: <\/span>Paul Rovere<\/cite><\/p>\n

In a public statement this week, FV flagged that club closures or mergers were potential outcomes.<\/p>\n

\u201cWhile 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,\u201d a statement read.<\/p>\n

\u201cThis may result in mergers, acquisitions or closures \u2013 which although challenging \u2013 would ultimately lead to stronger and more sustainable clubs who can offer a better football experience for their members and the community they serve.\u201d<\/p>\n

<\/p>\n

Football Victoria\u2019s debt has swollen to almost $2 million.<\/span>Credit: <\/span>Morgan Hancock<\/cite><\/p>\n

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.<\/p>\n

\u201cI 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,\u201d Cianflone said.<\/p>\n

The MP was concerned that grassroots clubs were unfairly feeling the brunt of financial pressure.<\/p>\n

\u201cIt is very concerning that a peak sporting body would be treating its not-for-profit and volunteer clubs in this manner,\u201d he said.<\/p>\n

\u201cFV should be working with in good faith with the entire football community and with the government to help grow the game across Victoria.\u201d<\/p>\n

FV confirmed that its \u201cunprecedented\u201d debt was \u201cnearing $2 million\u201d.<\/p>\n

\u201cThis 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.\u201d<\/p>\n

But FV also warned individuals that any funds given to clubs which are in breach of their financial commitments might be \u201cunrecoverable as the club may not be fit to compete in the 2024 season\u201d.<\/p>\n

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