Original article by Patrick Durkin
The Australian Financial Review – Page: 1 & 2 : 14-Jan-16
Essendon Football Club posted a profit of $A720,000 in 2015, following a loss of $A3.2m in 2014 in the wake of the sports supplements scandal. The embattled club could face costs of up to $A20m as a result of likely legal action by the 34 current and past players who have been banned for the 2016 season for taking the prohibited supplements. Essendon will be seeking financial support from its network of wealthy business leaders as it prepares to deal with the fallout from the Court of Arbitration for Sport’s ruling. The Australian Football League may also face significant legal costs.
CORPORATES
ESSENDON FOOTBALL CLUB, AUSTRALIAN FOOTBALL LEAGUE, PORT ADELAIDE FOOTBALL CLUB, FUSION STRATEGY, KIA MOTORS AUSTRALIA PTY LTD, TOLL HOLDINGS LIMITED, ADIDAS AUSTRALIA PTY LTD, TRUE VALUE SOLAR HOLDINGS PTY LTD, COURT OF ARBITRATION FOR SPORT, SPORTSLAW.COM.AU