Arnhem Club closes its doors after failing to attract a buyer
AFTER more than 50 years in operation, the Arnhem Club will call last drinks
Northern Territory
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AFTER more than 50 years in operation, the Arnhem Club will call last drinks on Saturday night after failing to attract a buyer to take over the iconic Nhulunbuy pub.
Financial problems forced the Arnhem Club into administration on April 29.
The club reportedly owes about $2 million to creditors and the Australian Taxation Office.
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In an official statement, the pub’s administrators, Henry Kazar and Lachlan Abbott, said they had decided to close the venue for good this Saturday.
“While members, employees, creditors and the community have continued to support the club throughout the administration period, the underlying financial circumstances make it unviable for the club to continue trading any longer,” the statement said.
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“While the administrators have received a number of expressions of interest for the club’s land, buildings and other assets, unfortunately non of the offers received provide a financially viable and NT Licencing compliant means for the club to continue operating in its current form.
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“The club will continue trading in administration up until Saturday which will be the last day.”
The pub’s administrators will continue to employ a small number of staff to assist with the close down of the club’s operations
They are also considering options for an on-site auction for residual assets over the coming weeks.
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