Cred­i­tors told to see cents

Joondalup Weekender - - Front Page - with Bill Mon­aghan

WEST Perth cred­i­tors can get back 4 per cent of what they are owed or get noth­ing.

That is es­sen­tially the mes­sage af­ter ad­min­is­tra­tor Kor­daMen­tha re­leased its rec­om­men­da­tions this week into the fi­nances of the Joon­dalup WAFL club, which went into vol­un­tary ad­min­is­tra­tion last month with about $790,000 debt. It means if the Fal­cons owe a cred­i­tor $100,000, the en­tity would get just $4000 back.

The four cents in the dol­lar pro­posal, which Kor­daMen­tha con­sid­ered the best al­ter­na­tive, forms part of a deed of com­pany ar­range­ment put for­ward by the WA Foot­ball Com­mis­sion.

The deed would also give the WAFC the power to nom­i­nate its own board and in­cludes a $250,000 loan from the com­mis­sion for West Perth staff and player pay­ments.

If cred­i­tors voted for the club to fold in­stead of ac­cept­ing the 4 per cent op­tion, the Kor­daMen­tha re­port said they would get noth­ing.

A third op­tion for cred­i­tors would be to hand con­trol of the club back to the board. Kor­daMen­tha did not rec­om­mend this take place given the club would be back where it started.

The cred­i­tors were due to make a de­ci­sion on Tues­day, but re­quired more time. A de­ci­sion is ex­pected to be made early next week.

DE­FENCE will be key against South Fre­man­tle in the qual­i­fy­ing fi­nal at Fre­man­tle Oval on Satur­day.

They have a lot of play­ers who work into space and can hurt you by foot.

But our ball move­ment has re­ally im­proved this sea­son so the Bull­dogs will need to be just as wary of us go­ing back the other way.

It will be a game between two evenly matched sides.

Michael Lourey, Jay van Berlo and Mark Hamil­ton will come into the team af­ter miss­ing our last match.

As is al­ways the case at fi­nals time, it leaves me with the hard­est part of the job in hav­ing to omit play­ers at the most im­por­tant stage of the sea­son.

We’ve got some new guys in the sys­tem who will be play­ing their first fi­nal.

But they’re for­tu­nate to have wisdom around them from a big group of fi­nals-ex­pe­ri­enced play­ers as well as a few from the pre­mier­ship side of 2013.

The play­ers were buoyed this week by an in­spi­ra­tional speech from pre­mier­ship mid­fielder Matt Guadagnin, who an­nounced his re­tire­ment.

He is one of the best play­ers I’ve coached.

Peo­ple will prob­a­bly look at his ca­reer and think there was noth­ing fancy about him, but he was just one of those play­ers you wanted to play in your team.

That’s the rea­son we gave him as much as op­por­tu­nity as pos­si­ble to get his ca­reer back up and run­ning af­ter he had a knee re­con­struc­tion in 2015 and then a bad run of ham­string in­juries af­ter that.

We knew what he could bring to the ta­ble, not just from a play­ing point of view, but in terms of lead­er­ship and di­rec­tion as well.

I’m re­ally proud to have been as­so­ci­ated with him.

Pic­ture: Dan White

Jay van Berlo will re­turn to the West Perth line-up against against South Fre­man­tle on Satur­day.

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