DEBT-ridden WAFL club West Perth has gone into voluntary administration.
The club owes more than $600,000 and is now rallying members to help it survive after more than 120 years of existence.
More: West Perth in financial strife
Get in front of tomorrow's news for FREE
Journalism for the curious Australian across politics, business, culture and opinion.
READ NOWThe WA Football Commission is willing to help with a $250,000 loan to cover staff and player payments.
The loan will be paid to administrator KordaMentha, which is to manage West Perth through the process.
KordaMentha successfully helped Rugby WA through a financial crisis last year.
WAFC chief executive Gavin Taylor said the commission was attempting to strike a balance between support for a club and the competition as a whole.
“West Perth has an important role to play in supporting the growth and development of football in the northern corridor of Perth,” he said.
“A loan to support the administrator specifically to meet player, coach and staff commitments to ensure the team can play out the 2018 season was seen as the appropriate response from the WAFC.
“It will be up to West Perth’s donors, sponsors, and supporters to rally around the club to support the administrator and the club to find the funding it needs to continue on into the longer term.”
The Falcons are holding a members meeting at 6pm tomorrow night to outline the club’s position.
Club historian and West Perth die-hard Sean Cowan urged members to attend at Falcons HQ.
West Perth’s letter to members can be seen below.
