• 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 Twitter Instagram
Wednesday, May 18
Trending
  • Voting gets underway
  • SES history maker ‘proud’ to join the team
  • Mordialloc pool plans moving forward
  • Win drought ends for Langy
  • Brown has another talented stayer on his hands
  • Pythons win a close one, Kangaroos clear on top
  • An update on activities in Balnarring
  • Burglar wanted
Facebook Twitter
Bayside News
  • Home
  • News
  • Sport
  • Entertainment
  • Local History
  • Contact Us
  • Advertise With Us
  • About Us
Bayside News
Home»Latest News»Dolphins plot way ahead
Latest News

Dolphins plot way ahead

Neil WalkerBy Neil Walker28 November 2016Updated:28 November 2016No Comments3 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
Restructure: Administrators for Frankston Football Club are sifting through accounts before speaking to creditors. Pic: Gary Sissons
Out of the sinking: Frankston Dolphins Football Club has officially moved out of voluntary administration. Picture: Gary Sissons

THE Frankston Dolphins Football Club is out of administration and has its sights set on a quick return to the VFL.

Dolphins vice president John Georgiou says control of the football club had reverted back to the board from the club’s administrator on Friday 18 September.

The club went into voluntary administration in August after sinking under about $1.5 million worth of debt.

“The next phase in our renewal is to ensure that we establish a sound financial, football, community, commercial and high performance culture platform on which to base a sustainably successful VFL club,” Mr Georgiou said in a statement.

“We intend to lay the foundation for this in the next six months and then apply for our 2018 VFL football licence.”

The VFL suspended the club’s licence to compete as a VFL team for the 2017 season after the Dolphins went into administration.

Worrells Solvency and Forensic Accountants, administrators of the club, cut a deal in October with unsecured creditors to save the 129-year-old club.

Creditors included Tabcorp Gaming Solutions ($230,000) and the Victorian Commission for Gambling and Liquor Regulation ($475,000) who will now be repaid between 4.5 and 7.9 cents in the dollar over four years starting in September next year.

The two debts related to the club’s 27 pokies machines the Dolphins removed from the club’s function centre in May.

Frankston Labor MP Paul Edbrooke announced last month that the state government would not seek any repayment of the reduced VCGLR debt.

That announcement means the Dolphins will not have to repay between $21,375 and $37,525 based on the deal agreed with creditors.

Mr Georgiou thanked Mr Edbrooke, Dunkley Liberal MP Chris Crewther and all the club’s supporters who helped the Dolphins through its administration.

“In the weeks leading up to Christmas there are several events we would like everyone to be aware of, as many people are looking for ways they can show their support for the club,” Mr Georgiou said.

The club’s bar is open every Friday, 5-8.30pm and a fundraising Big Kick community event will be held at the Frankston Dolphins’ oval on Sunday 4 December, 10am.

See frankstonfc.com.au or call 0466 673 524 for details of functions including a business lunch featuring former Hawthorn Football Club chairman and AFL life member, Ian Dicker on Friday 9 December.

First published in the Frankston Times – 28 November 2016

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Neil Walker

Related Posts

SES history maker ‘proud’ to join the team

18 May 2022

Mordialloc pool plans moving forward

18 May 2022

Opposition on board for rail loop project

16 May 2022

Leave A Reply Cancel Reply

May 18, 2022 - Wed
Chelsea, Australia
12°C
6 km/h, WSW
67%
767.32 mmHg
wed05/18 thu05/19 fri05/20 sat05/21 sun05/22
13/12°C
13/13°C
15/11°C
14/10°C
13/10°C
Peninsula Essence Magazine

Click Here to Read

27 April 2022
Peninsula Kids Magazine

Click Here to Read

2 March 2022
Council Watch

Higher house prices blamed for rate rise

9 May 2022

Finding waste solutions

23 March 2022
Elections 2022

Voting gets underway

18 May 2022

Ex-mayor nominates

16 May 2022

Candidates make final pitch for votes

16 May 2022
Interviews

Book encourages greyhound adoption

27 April 2022
Property of the Week

33 Gould Street, Frankston

20 April 2022
100 Years Ago this Week

An update on activities in Balnarring

17 May 2022
Contact

Street: 63 Watt Road, Mornington, 3931
Mailing: PO Box 588, Hastings, 3915

Menu
  • Home
  • News
  • Sport
  • Entertainment
  • Local History
  • Contact Us
  • Advertise With Us
  • About Us
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 Twitter
© 2022 Mornington Peninsula News Group.

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