If this occurs then its a terrible decision. You cant go out on the one hand raising millions of dollars and then make a decision like this, when you have told the supporters a key priority is to have your own reserves team.
True if the raised a caertain amount of the $6 mil
The Club also made it very clear that to field their own VFL side they said they would need $4-4.5 mil of the $6mil.
They also guaranteed (rightly) that the majority of the money was to get rid of the debt.
At the moment they got $2.6 of the $6 - a long way off and therefore as per what they have said all along not enough to field their own VFL side.
And let's not forget they have always said it was highly unlikely that they would have their own VFL team in season 2012.
I think you will find that both clubs will have an out clause ....