Excessive, unbudgeted spending has caused Capital Football to suffer a massive $874,000 loss for 2022.
It's potentially put the Throsby Home of Football at risk after wiping out almost a third of their cash reserves.
Both new chief executive Ivan Slavich and chairman Angelo Konstantinou told The Canberra Times they were shocked by the loss, which saw a turnaround of almost $1 million from 2021 - where Capital Football recorded a $116,000 profit.