FFV members (Zone Reps) release financial analysis that indicates mismanagement by FFV Board & management.

They have demanded the current financial data but the FFV Board has ignored their requests.


http://ffvmedia.s3.amazonaws.com/FFVFINSTATReview0913.pdf

If the Knights were to go into the NPL charging the amount it does now for registration we would be in for a 400k loss. Raising registration to the cap would put it at around 200k.

Let me in let me in! \:d/

Those figures which have been extracted from FFV annual reports paint a damning and alarming assessment of the mismanagement of the Ffv Board & Management

* Cash reserves have gone from $1.2 million to $0.2 million in the space of just 3 years !!! WTF ????
* Account Payables have actually increased, so where has the $1 million in cash gone ???? It aint going to pay down outstanding bill.. If its on asset investment, what is the return that is being generated?
* Staff wage costs have increased by 50% in 3 years to $4.2 million !!! What benefit have we seen from the addition of extra staff ??
* To counter the loss of fine revenue, FFV have just been increasing registration and affiliation fees to cover up their liquidity disaster !! This means we, the clubs have been paying a great extra just for these clowns to cover up their financial mess. More funds being drained out of clubs that could be spent of facility improvement or developing junior players!!
* The spike in fine revenue assisted them to cover their financial mess in 2011 and gave them the profit of $0.27million.
* A massive loss of $0.78million in 2012, and the loss is expected to be greater in 2013.

Who's this "we"? Who the fuck are you? Are you one of the 3 solicitors who represent the rebel clubs?

At the end of the day, if you don't like the way the game is managed in Victoria, why don't you just quit and go and follow another sport fuckyia and stop your fucking whinging?

Thanks for your well argued case a.L addict

You've convinced me

I wonder how the Sydney finances are doing are the sydney clubs balancing the books properly are the clubs paying their players anyone know anything about this in Sydney,,,,,,

You're such a clown.

Authorities cover up their failure to manage the game in one of Australia's most populace states... And you have a pop at one of the people who exposed them.

Yep, you clearly want what's best for the game.