Clubs that borrow from league will have to report weekly

The clubs that borrow money from the AFL to make ends meet will have to submit a detailed weekly budget to the league as one of their conditions.

AFL and club sources have confirmed that those “assisted” clubs – of the 18, at least 10 are expected to need to borrow from the AFL during the COVID 19 crisis – would need to have their budgets approved by the league on a weekly basis.

The clubs that borrow from the AFL will have to report to the league weekly.Credit:The Age

Only six clubs – West Coast, Collingwood, Hawthorn, Richmond, Adelaide and the Western Bulldogs – have confirmed that they will not seek to borrow money from the AFL during the coming months, with the majority expected to sign up for what will be an initially interest-free loan or financing.

The Age has not yet confirmed Essendon’s position and whether the Bombers will join the richer clubs – and the surprising Bulldogs – as one of the clubs that will go it alone and self-fund, outside of player payments.


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