In early 2001 Hatt accepted a government job and Cameron Schwab was appointed. After weathering the fallout from the disastrous 2001 season, Schwab and the new chairman, local West Australian retailing businessman Rick Hart, set about rebuilding the club. A former recruiting manager, Schwab focused on building up the on-field performance by recruiting high-profile players in Trent Croad, Peter Bell and Jeff Farmer, as well as coach Chris Connolly and with Hart then focused on enhancing the corporate and financial standing of the club. The club membership grew every year from 2002 until 2008 and the final licence payment was made to the AFL in 2005.