TonyK
CibbuanoClubs set to lose payouts
May 21st 2008 03:18
STRUGGLING clubs may be forced to go it alone as the AFL continues to work out how to fund its two new clubs on the Gold Coast and in western Sydney.
While it works out how the new clubs will recruit players, the AFL is also considering abandoning a package of $6.4 million in assistance set aside for 2010 to help keep struggling clubs afloat.
A review of the AFL commission's annual special dividend (ASD) fund had been planned for next summer but has been brought forward after several club presidents queried the right for clubs to receive the extra compensation at the president's meeting on May 9.
AFL chief executive Andrew Demetriou said yesterday several club chiefs questioned the right of other clubs to receive assistance given the fact that North Melbourne knocked back a $50m offer from the AFL to move to the Gold Coast.
"It was raised by one president and he was supported by others. Several presidents felt clubs should have to go it alone," Demetriou said yesterday.
Melbourne will receive $1.25m this year and next; the Bulldogs $3.4m; North Melbourne $2.8m and Sydney $1.5m.
The AFL has budgeted for $6.4m in special dividends in 2011 but the money is yet to be allocated.
While it works out how the new clubs will recruit players, the AFL is also considering abandoning a package of $6.4 million in assistance set aside for 2010 to help keep struggling clubs afloat.
A review of the AFL commission's annual special dividend (ASD) fund had been planned for next summer but has been brought forward after several club presidents queried the right for clubs to receive the extra compensation at the president's meeting on May 9.
AFL chief executive Andrew Demetriou said yesterday several club chiefs questioned the right of other clubs to receive assistance given the fact that North Melbourne knocked back a $50m offer from the AFL to move to the Gold Coast.
"It was raised by one president and he was supported by others. Several presidents felt clubs should have to go it alone," Demetriou said yesterday.
Melbourne will receive $1.25m this year and next; the Bulldogs $3.4m; North Melbourne $2.8m and Sydney $1.5m.
The AFL has budgeted for $6.4m in special dividends in 2011 but the money is yet to be allocated.
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