Preston Gone

[Rocco Jones]

Re: Preston Gone

It all depends on how much debt they are carrying. If they are already operating on a shoestring budget that doesn't have a lot of fat in it then this could be a good thing.

Somehow I doubt it though.

That's what I am thinking. Like how much debt can they get in? All depends. Thing is, AFL might just want this anyway. That's the biggest killer.

AFL
AFLV (Reserves)
VFA (Willi, Coburg, Frankston, Port, Box Hill, Casey, Sandy + say 3 others)

Would that work?

[GVGjr]

Re: Preston Gone

‘FINANCIAL SUICIDE’ TO KEEP NORTHERN BLUES ALIVE

Northern Blues president Stephen Papal says it would be financially irresponsible to attempt to keep the 138-year-old club alive after the Blues cut ties last week.

Papal has been the club’s president since 2007 and is seen as having done an outstanding job to keep its history alive.

But the club formerly known as Preston which counts Roy Cazaly and Ray Shaw as among its famous alumni will now go out of existence.

“Back in 2007 when I took over we were in trouble and through the help of good people at Carlton and good relationships we managed to keep it alive,” he said.

“This is a once-in-a-lifetime event that has caused this and when the AFL asked clubs to cut $3 million from their soft cap we couldn’t push forward. To go it alone or keep the club alive would be exposing my directors and you just have to be accountable.

“For us to move forward would have been committing financial suicide.”

Papal said he was concerned about the future of the VFL and its role as a feeder competitioin to the AFL.

“Where is the future talent going to come from?,” he said. “I worry about where the next Kane Lambert will come from?”