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Norm Smith Medallist
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Western Bulldogs still owed $390,000 from sponsor
The Herald Sun
Mark Stevens | December 20, 2008
THE global financial crisis has hit the Western Bulldogs, delivering a savage cut of almost $400,000 to the club's bottom line.
Struggling shorts sponsor Ezybonds still owes the Bulldogs $390,000 and there is no guarantee the bill will be paid.
The Bulldogs' auditors have listed the outstanding money as a doubtful debt in the club's balance sheet.
It robbed the Dogs of a $1 million-plus profit, forcing them to settle for the $640,000 announced at Thursday night's annual general meeting.
Although the club has not given up hope of netting some of the owed money to boost next year's balance sheet, any further payment would be viewed as a bonus.
Ezybonds was also contracted to provide about $500,000 in sponsorship for next year, but has been forced to walk away from the arrangement because of financial pressures.
Western Bulldogs still owed $390,000 from sponsor
The Herald Sun
Mark Stevens | December 20, 2008
THE global financial crisis has hit the Western Bulldogs, delivering a savage cut of almost $400,000 to the club's bottom line.
Struggling shorts sponsor Ezybonds still owes the Bulldogs $390,000 and there is no guarantee the bill will be paid.
The Bulldogs' auditors have listed the outstanding money as a doubtful debt in the club's balance sheet.
It robbed the Dogs of a $1 million-plus profit, forcing them to settle for the $640,000 announced at Thursday night's annual general meeting.
Although the club has not given up hope of netting some of the owed money to boost next year's balance sheet, any further payment would be viewed as a bonus.
Ezybonds was also contracted to provide about $500,000 in sponsorship for next year, but has been forced to walk away from the arrangement because of financial pressures.