Close Menu
  • Bayside News Home
  • News
  • Sport
  • Entertainment
  • Local History
  • Contact Us
  • Advertise With Us
  • About Us
  • Read Our Newspapers Online
    • Read the Latest Western Port News
    • Read the Latest Mornington News
    • Read the Latest Southern Peninsula News
    • Read the Latest Frankston Times
    • Read the Latest Chelsea Mordialloc Mentone News
Facebook X (Twitter) Instagram
Friday, July 11
Facebook X (Twitter)
Bayside News
  • Home
  • News
  • Sport
  • Entertainment
  • Local History
  • Contact Us
  • Advertise With Us
  • About Us
  • Subscribe
  • Police investigate Bonbeach collision
Breaking News
Bayside News
Home»News»Dolphins sink under debts
News

Dolphins sink under debts

Neil WalkerBy Neil Walker29 August 2016Updated:18 July 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Restructure: Administrators for Frankston Football Club are sifting through accounts before speaking to creditors. Pic: Gary Sissons
Share
Facebook Twitter LinkedIn Pinterest Email

DEBTS have forced the Frankston Football Club to go into voluntary administration.

The Dolphins called in administrators Worrells Solvency and Forensic Accountants and the VFL club’s players were informed of the shock decision on Friday evening (26 August) as they prepared to face fellow league cellar dwellers North Ballarat on Saturday in the team’s final game of the season.

The football club is believed to be struggling under about $800,000 worth of debts.

Worrells issued a statement at the weekend saying it was too early to comment on the reasons for the Dolphins’ plight.

The administrator stated two meetings will be held with creditors within 20-30 days of administration to “determine the future of the club”.

The club’s decision to enter administration comes almost a year after then club general manager Brett Angwin told The Times the club was not in financial strife despite carrying debts of around $1 million, partly to finance the completion of the club’s new $3.4 million stadium and function centre redevelopment.

“We are not in any sort of financial trouble whatsoever,” he said in September last year.

“We were audited by AFL Victoria about three weeks ago and received endorsement on our operations.”

It is understood Mr Angwin, appointed general manager that same month last year, left the Dolphins last month and no successor has been hired.

The Frankston Dolphins are one of the few VFL clubs unaffiliated with an AFL team so cannot rely on financial support from such a ‘big brother’ club.

In May the club decided to switch off all 27 of its pokies machines at its new function centre to make the club more “family friendly”.

AFL Victoria, which runs the VFL, issued a statement on Saturday confirming it is aware of Frankston’s financial situation and will work with the club.

The Dolphins went down away from home to North Ballarat 8.18 (66) to Frankston’s 8.8 (56) on Saturday in Jason ‘Pongo’ Pongracic’s 50th game for the team.

The loss meant the team finished bottom of the league ladder but two wins this season was an improvement on a winless campaign last year.

First published in the Frankston Times – 29 August 2016

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Neil Walker

Related Posts

Councillors complete Canberra trip

10 July 2025

Life-saving acts recognised

9 July 2025

Tree milestone met

4 July 2025
Leave A Reply Cancel Reply

Peninsula Essence Magazine

Click Here to Read

1 July 2025
Peninsula Kids Magazine

Click Here to Read

3 June 2025
Property of the Week

34 Pine Hill Drive, Frankston

21 March 2025
Council Watch

Council considers LGBTQIA+ initiatives

11 June 2025

New conditions applied to grants

4 June 2025
100 Years Ago this Week

Thefts at the Pier Hotel – £15 fine on three charges

8 July 2025
Interviews

Writing racecourse history

6 February 2024
Contact

Street: 1/15 Wallis Drive, Hastings, 3915
Mailing: PO Box 588, Hastings, 3915

Menu
  • Home
  • News
  • Sport
  • Entertainment
  • Local History
  • Contact Us
  • Advertise With Us
  • About Us
  • Subscribe
  • Police investigate Bonbeach collision
About

Established in 2006, Mornington Peninsula News Group (MPNG) is a locally owned and operated, independent media company.

MPNG publishes five weekly community newspapers: the Western Port News, Mornington News, Southern Peninsula News, Frankston Times and Chelsea Mordialloc Mentone News.

MPNG also publishes two glossy magazines: Peninsula Essence and Peninsula Kids.

Facebook X (Twitter)
© 2025 Mornington Peninsula News Group.

Type above and press Enter to search. Press Esc to cancel.