Tigers in trouble with huge debt

Left to right Karen O'Sullivan Sports club President , CEO Margot Stork and Mayor Jennifer Anderson Pic Marco De Luca

By FairfaxMedia

Kyneton Football Netball Club has made an impassioned plea for community support in a bid to overcome financial difficulties.

The Tigers are about $200,000 in debt and are in danger of losing their senior team for the second time this decade if they can’t resolve their off-field issues.

KFNC sent letters to club sponsors, members and junior families last week and followed up with a plea for help.

KFNC president Karen O’Sullivan said the reaction from the Kyneton community had been positive.

“If we changed nothing now we would go down that path [withdrawing the senior team] again and that’s why we’ve gone public and called for help,’’ O’Sullivan said.

“We have a plan in place for next year as far as cost reductions and getting our budget into surplus. That would be sustainable, but it would take us a long time to get out of debt and we want to pay off our debts sooner rather than later.

“Within 24 hours [of the plea] we had Kyneton Racing Club donate $5000 … that’s just the beginning. We had our biggest crowd of the year for Saturday’s game against Golden Square and that was on the back of the letter we sent to families last Thursday.

“It was a great show of support to see the crowd come out like that and back us.”

Financial woes and a player exodus forced Kyneton to withdraw its senior side from the 2013 BFNL season.

The Tigers returned in 2014 and finished seventh with six wins from 18 games.

They made the elimination final in 2015, 2016 and 2017 before jumping into the top three this year with 12 wins and a draw from 18 matches.

O’Sullivan said a five-year-old legacy debt from the Tigers’ recession in 2013, combined with improvement costs at the club, were the major factors behind the cash crisis.

“A new netball court, lights and an electronic scoreboard were some of the improvements we made and, while they came with grants, the associated costs that we had to fund did pile up.”

The senior playing group and coaching staff have been kept up to date about the club’s finances.

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