While there has been one redundancy to date, administrators of the Sporties club in Dubbo say their aim is to save the club and jobs during the voluntary administration process.
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The Dubbo Railway Bowling Club Ltd, trading as Sporties Dubbo, announced they had entered into voluntary admission on November 15 on Tuesday November 20.
The club’s board nominated Worrels Solvency and Forensic Accountants NSW and ACT partners Aaron Lucan and Graeme Beattie as the administrators in the effort to save the club.
For commercial and confidence reasons Mr Lucan said the creditors or the club would not elaborate on operational changes made during the process or options for a restructure or amalgamation.
“I am continuing to trade the club while exploring options for a restructure or amalgamation to secure the future of the club,” Mr Lucan said.
In order for the club to continue trading in the future he said they needed to “raise capital, negotiate ongoing supply of essential services and rationalise the business to restore profitability”.
Mr Lucan said “identifying and implementing strategies that will secure the long-term prosperity of the club” was a necessity.
“There has been one redundancy to date. It might be necessary to consider further redundancies and or reduced shifts, however, the intention is to save the club and jobs,” Mr Lucan said.
In the original announcement Mr Lucan said the club which operates at 101 Erskine Street fell into financial distress as a result of unfavourable contracts and operational challenges.
“The club will continue to trade as usual through the voluntary administration while we explore options for a restructure or amalgamation to secure the future of the club,” Mr Lucan said.
“We will continue to undertake a financial assessment and expect that we will implement operational changes to facilitate the continued trading of the club during the administration.”
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