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West-Gone United

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Posted August 27, 2025 12:55 · last edited August 28, 2025 05:48

No chance. This isn't just helping pay wages and other daily running costs until a new owner can be found.

WU is a club in a very serious financial mess. It's somehow been operating with annual losses of over $10m each year since Covid. The sale to dodgy KAM Sports was their last hope. Sadly for them it's all over.

Cue the agents for WU's players now getting a flurry of phone calls from the other ALM clubs.

Looking at some old Stuff articles. Gold Coast United lost a reported $19m over it's lifetime (chicken feed for Clive Palmer). The Welnix owners had to pump about $2m into the Nix in their first season as owners post Terry to keep the club aflot.

So you can see WU's effective paper loss (or negative equity position) now of $55m is huge

https://www.theguardian.com/football/2025/aug/08/a-league-club-western-united-licence-withdrawn-under-football-australia-regulations

A winding up process established by creditors of the club, including the tax office, is under way in the federal court. The club has outstanding debts of more than $16m. On Friday afternoon, the matter was adjourned until 28 August.

Western United lodged its 2023-24 accounts with Asic last week, which showed a loss of $11m for the year and the value of its liabilities exceeding its assets by $55m.

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Unknown editor edited August 28, 2025 05:48
No chance. This isn't just helping pay wages and other daily running costs until a new owner can be found.

WU is a club in a very serious financial mess. It's somehow been operating with annual losses over $10m/year since Covid. The sale to dodgy KAM Sports was their last hope. Sadly for them it's all over.

Cue the agents for WU's players now getting a flurry of phone calls from the other ALM clubs.

Looking at some old Stuff articles. Gold Coast United lost a reported $19m over it's lifetime (chicken feed for Clive Palmer). The Welnix owners had to pump about $2m into the Nix in their first season as owners post Terry to keep the club aflot.

So you can see WU's effective paper loss (or negative equity position) now of $55m is huge

https://www.theguardian.com/football/2025/aug/08/a-league-club-western-united-licence-withdrawn-under-football-australia-regulations

A winding up process established by creditors of the club, including the tax office, is under way in the federal court. The club has outstanding debts of more than $16m. On Friday afternoon, the matter was adjourned until 28 August.

Western United lodged its 2023-24 accounts with Asic last week, which showed a loss of $11m for the year and the value of its liabilities exceeding its assets by $55m.

Unknown editor edited August 27, 2025 21:14
No chance. This isn't just helping pay wages and other daily running costs until a new owner can be found.

WU is a club in a very serious financial mess. It's somehow been operating with annual losses over $10m/year since Covid. The sale to dodgy KAM Sports was their last hope. Sadly for them it's all over.

Cue the agents for WU's players now getting a flurry of phone calls from the other ALM clubs.

Looking at some old Stuff articles. Gold Coast United lost a reported $19m over it's lifetime (chicken feed for Clive Palmer). The Welnix owners had to pump about $2m into the Nixi in their first season as owners to keep the club aflot.

So you can see WU's effective paper loss (or negative equity position) now of $55m is huge

https://www.theguardian.com/football/2025/aug/08/a-league-club-western-united-licence-withdrawn-under-football-australia-regulations

A winding up process established by creditors of the club, including the tax office, is under way in the federal court. The club has outstanding debts of more than $16m. On Friday afternoon, the matter was adjourned until 28 August.

Western United lodged its 2023-24 accounts with Asic last week, which showed a loss of $11m for the year and the value of its liabilities exceeding its assets by $55m.

Unknown editor edited August 27, 2025 13:10
No chance. This isn't just helping pay wages and other daily running costs until a new owner can be found.

WU is a club in a very serious financial mess. It's somehow been operating with annual losses over $10m/year since Covid. The sale to dodgy KAM Sports was their last hope. Sadly for them it's all over.

Cue the agents for WU's players now getting a flurry of phone calls from the other ALM clubs.

https://www.theguardian.com/football/2025/aug/08/a-league-club-western-united-licence-withdrawn-under-football-australia-regulations

A winding up process established by creditors of the club, including the tax office, is under way in the federal court. The club has outstanding debts of more than $16m. On Friday afternoon, the matter was adjourned until 28 August.

Western United lodged its 2023-24 accounts with Asic last week, which showed a loss of $11m for the year and the value of its liabilities exceeding its assets by $55m.

Unknown editor edited August 27, 2025 12:57
No chance. This isn't just helping pay wages and other daily running costs until a new owner can be found.

WU is a club in a very serious financial mess. It's somehow been operating with annual losses over $10m/year since Covid. 

https://www.theguardian.com/football/2025/aug/08/a-league-club-western-united-licence-withdrawn-under-football-australia-regulations

A winding up process established by creditors of the club, including the tax office, is under way in the federal court. The club has outstanding debts of more than $16m. On Friday afternoon, the matter was adjourned until 28 August.

Western United lodged its 2023-24 accounts with Asic last week, which showed a loss of $11m for the year and the value of its liabilities exceeding its assets by $55m.