Only West Coast, Richmond, Hawthorn and Collingwood could potentially survive a football-free season without borrowing from the AFL, reports Caroline Wilson.
Writing for The Age on Friday, Caro revealed:The AFL will assume unprecedented control over its clubs as part of the revolutionary new rescue package put forward on Thursday night to the 18 club bosses. In a receivership model that will essentially turn league chief Gillon McLachlan and the AFL Commission into the competition’s banker, clubs unable to meet cash-flow demands will now borrow funds previously deemed extra dividends from head office.
EXCLUSIVE: AFL to take unprecedented control over clubs as part of financial rescue package. Only four clubs could potentially survive a football-free season without borrowing from the AFL, while some will need funds within a fortnight to stay solvent https://t.co/VrjdP1cICR
— Real Footy (AFL) (@agerealfooty) April 3, 2020
