3 October 2016

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TIME is ticking away and no one is more aware of the dangers threatening the very existence of Frankston Football Club than stalwart Bryan Mace (centre), with the mayor, Cr James Dooley, Liberal Dunkley MP Chris Crewther, Labor Frankston MP for Frankston Paul Edbrooke, and former board member John Davis. They formed a team at the Dolphins ground on Wednesday. “Putting politics aside, we’ve joined together to urgently call on AFL Victoria to retain the VFL licence for Frankston Dolphins,” Mr Crewther said. “By working altogether, we will advocate for a positive solution to be found to keep the club going. This is important not only for the club, but for aspiring footballers across Frankston and the peninsula who aim to get to VFL or AFL level, the community and creditors, who include many local small businesses who would benefit far more by having the club continue.” Picture: Cameron McCullough

Dolphins season doomed Stephen Taylor steve@baysidenews.com.au THE door to Frankston Football Club’s long-term future may be ajar – but the club formed in 1887 will not be permitted to field a team next season. ALF Victoria said on Friday it had formally terminated the Dolphins’ playing licence for 2017, and had already told the club's administrators. However, AFL Victoria CEO Steven Reaper said that if the club’s ongoing

viability could be proved over the next few months he was hopeful that a “solution that is both sustainable and viable can be considered going forward for a VFL presence, potentially from 2018”. This makes a meeting today (Monday 3 October) between creditors and the administrators –Paul Burness and Con Kokkinos, of Worrells Solvency and Forensic Accountants – so crucial. Mr Burness said the Dolphins fourman board had proposed an offer – or

deed of company arrangement – for creditors to consider. He said its acceptance would allow the club to continue trading and that staff, coaches and players would be paid in full. However, ordinary unsecured creditors would receive only a partial return on their debts over four years. “The creditors will effectively have two real options: vote to accept the proposal put forward by the board, or they can vote to place the club into liq-

uidation,” Mr Burness said. But he said “liquidation is unlikely to yield sufficient recoveries to allow the payment of any portion of the ordinary unsecured creditors’ claims”. Mr Burness said he believed the club could be saved. “I have put together a financial analysis that seeks more fundraising and key sponsorships and I believe the club has good prospects,” he said. “The reality is that if the club loses its licence it will be hard to complete a

successful restructure.” The Dolphins owe $1.5 million – mostly to the state government and Tabcorp over pokies’ licences – which the AFL said Friday was “far in excess of our previous understanding”. Dunkley MP Chris Crewther spoke with officials at AFL House, Docklands, Friday morning. “They [know] that Frankston is an important region for them and they do want a VFL presence here,” he said. Continued Page 5

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