Western United is haemorrhaging cash at a rate of close to a million dollars every month, but as the A-Leagues pivot to focus on financial sustainability officials are confident the competition’s conga line of outgoing transfers is a positive sign for the local game.
The Tarneit-based outfit reported a loss of almost $11m for the 2023/24 financial year in accounts lodged to Asic this week, following a deficit of more than $12m for the preceding period.
Liabilities exceeded assets by more than $55m, underscoring the urgent need to conclude the deal announced in May to sell the club to the US-based Kaminski group and its local affiliate, KAM Melbourne.
The club is due to appear next week at the latest hearing in a winding-up process in federal court…
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