Members to vote on Club Wyong RSL merger with Mounties Group
Members of the struggling Club Wyong RSL will vote on a proposed takeover by the Mounties Group in October.
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Members will vote on whether Club Wyong RSL accepts a proposal to amalgamate with Mounties Group after the south west Sydney club giant offered the struggling club a lifeline.
Club Wyong RSL said a workable Memorandum of Understanding (MOU) had been developed with Mounties Group and would be presented to members for their consideration.
Club Wyong RSL Chief Executive Officer Angela Sanders said discussions had continued with Mounties Group and there were many synergies between the two organisations, which the board was assured would result in a beneficial partnership.
“At the forefront of our amalgamation discussions has been what is in the best interest for our club and members and we are confident of a beneficial partnership with Australia’s leading club group,” she said.
“A special general meeting has been scheduled for October 25, at which time a formal vote with full financial members will be undertaken to consider proceeding with the proposed amalgamation with Mounties Group.
“In order to discuss the MOU with members, we are scheduling a series of member information sessions prior where our members can hear of the amalgamation plans and any questions can be answered.”
She said the club industry in Australia was already in decline well before the global pandemic and for many clubs like Club Wyong RSL, the idea of staying true to their heritage and limiting change remained of great importance.
“The plans for amalgamation with a parent club came about prior to the pandemic, however the last six months have certainly reiterated the impact that the economic environment can have on a traditional RSL club like ours,” Mrs Sanders said.
“Club Wyong RSL is dedicated to operating in a financially sustainable way, while maintaining our focus on supporting and looking after our members and this would not change with an amalgamation.”
“We are excited at the prospect of securing our future with an association with Mounties Group who are committed to supporting members and giving back to the communities in which they operate,” Ms Sanders said.
Member information sessions will be held at Club Wyong RSL on Thursday, October 8 and Friday, October 16 at 5.30pm.
Financial members will need to register for these sessions to ensure the club can maintain social distancing guidelines.
To register, simply contact the Club Wyong RSL reception on 4359 7444.