Concord RSL goes into administration after pin pulled on development

The Concord RSL & Community Club has gone into voluntary administration after a mega-club from south western Sydney pulled the pin on plans for a massive residential complex.

Concord RSL has gone into voluntary administration.

• Makeover for sports facilities
• Rhodes recreation centre scaled down

The Concord RSL & Community Club has gone into voluntary administration after a mega-club from south western Sydney pulled the pin on plans for a massive residential complex.

Administrator Brendan Copeland, of Hogan Sprowles, assured the cash-strapped club remains open for business as they assess its financial position.

Concord RSL , Concord West.

“The directors of the club have come to the conclusion that the company was insolvent and as such have appointed myself and Christian Sprowles as voluntary administrators on Friday,” Mr Copeland said.

“What’s happening now is we’re currently reviewing the financial position of the club moving forward, and we hope to make an assessment in the next three or four days.

“The company has cash flow issues and has had cash flow issues for some time so we’re currently assessing the viability of the club moving forward.

Members of the Concord RSL Bowling Club at their last day playing bowls on the greens outside the Concord RSL and Community Club.

“The club will continue to trade until the financial assessment is completed. It’s business as usual at this point of time.”

A meeting of creditors will be called but no meeting has been scheduled for members at this stage.

One member told the Courier they feel like they’re being kept in the dark.

“We’d like to know what’s going on in our club even if they just call a meeting without resolutions just to explain what’s happening,” the member said.

IN OTHER NEWS

FORMER JAM FACTORY IS HOME SWEET HOME

DATA RECEALS BG PRIVATE SCHOOL FEE INCREASE

SHOPPING CENTRE’S GROWTH BEGINS

“We haven’t had a meeting for nearly two years.

“It would very sad for the RSL to close because it’s been going for many, many years since just after the second world-war.”

The Courier has been told the Mount Pritchard Community Club — Mounties — has ditched a plan to build more than 100 apartments for over-55’s at Concord RSL to keep it alive.

The Mounties, which had ploughed significant funds into the club to keep it afloat, made the decision to pull the pin on the plans late last year.

The club rejected a proposed merger with Burwood RSL, which is now preoccupied with its own redevelopment plans.

“If you ask me, the only option we had, whether it is still there or not, was to merge with Burwood RSL,” the member said.

The rejection of Burwood RSL’s offer triggered a walkout by the club’s bowlers, who relocated to Burwood RSL and the Briars Sporting Club.