VFL Stabs - Inside Football Magazine
From Inside Football magazine
Reported by Paul Amy
Read more at Inside
Football online
LFC (LOCAL FINANCIAL CRISIS):
Entering its second season without a major sponsor, money is too tight
to mention for the VFL brass. The absence of big sponsorship dollars was
felt last year after TruEnergy pulled the plug on an eight-year
association with the league.
According to AFL Victoria CEO Peter Schwab,
the cost to administer the VFL was about $3 million. The competition
itself generated $1.4 million, leaving a gap of $1.6 million that was
covered by AFL grants and transfer fees. “The operating cost of the
VFL in the past five years has increased in excess of $800,000,â€
Schwab said.
“This is a concern because a similar increase in the next
five years will not be sustainable as revenue is likely to plateau or
even decrease. The major problem for the clubs will be to increase
revenues to cope with increased costs.†He said AFL Victoria would not
be in a position to help clubs seeking financial help.
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