Missing millions debacle at Kooyong Lawn and Tennis Club
The fall out from the lost $2.5 million continues at Kooyong Lawn and Tennis Club, with more high-ranking members exiting key roles.
Victoria
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Another high-ranking member has exited the Kooyong Lawn and Tennis Club with the CEO of 22 years departing as the fall out from revenue losses of up to $2.5 million continues.
The long-term chief executive officer Chris Brown has stood down and will be replaced by the interim CEO Bruce Wilson immediately.
The change was confirmed in an email from the club Monday night which stated “the Club acknowledges the contribution of Chris over his 22 years of service and wishes him well on his endeavours.”
The statement also revealed that newly appointed Club President James Macmillan had “made the very difficult decision to resign”.
“Because of growing demands from his professional career, James feels he no longer has the capacity to devote the time and energy required to satisfy the demanding role.”
Mr Macmillan would stay on as a board member.
The latest shuffle of leadership comes after the departure of former club president Adam Cossar two weeks ago.
The board had announced Darren O’Loughlin as the interim president, who will now take on the role after Mr Macmillan; s decision to not continue.
After reports the CEO had left some members celebrated.
One text seen by the Herald Sun read “CEO gone … the Coup has ousted the President, CFO and CEO.”
Sources have revealed the saga is not yet over with a group of club dissidents, unhappy about the huge loss in revenue reportedly meeting at the swanky Malvern Hotel in Toorak on Sunday plotting to spill the board.
Reportedly a grievance letter was circulated and signatures collected.
The letter is understood to accuse the KLTC board of failing to provide clear explanations about the club’s financial performance and the money loss.
There is also an allegation it did not properly manage a grievance process initiated by prominent member Robert Dennis.
Some have speculated the matter will likely end up in court.
Kooyong was home to the Australian Open from 1972 to 1987 and has a list of wealthy members from Melbourne’s elite.
The club has hosted tennis greats from Roger Federer to John Newcombe and Lleyton Hewitt
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