Corrimal club struggles for survival

THE fate of Corrimal Leagues Club will be decided next week after almost four years of trading in administration.

The club went into external administration in February 2009 with debts of $5 million and sold assets including its Railway Street premises and car park, two houses on Junction St and a vacant block to clear debt.

The club continues to trade on a four-year lease, with more than 140 creditors, including employees and the tax office.

Club director Paul Balfour, the Illawarra Mercury reports today, has agitated for a meeting with creditors in the hope to waive the remaining $1 million debt.

Mr Balfour told the Mercury that monthly rent and debt repayments had made it difficult to make a profit over the past 12 months. He said the club currently employs about 19 staff.

Michael Chan, a senior manager with administrators Jirsch Sutherland, the Mercury reported, was advertising for a company willing to amalgamate with Corrimal Leagues which, as a non-profit organisation, cannot be sold.


About Mick Roberts

A Sydney journalist, writer and historian, Mick Roberts specialises in Australian cultural history, particularly associated with the Australian hotel and liquor industry. Mick has had an interest in revealing the colourful story of pubs, inns and associated industries in Australia for over 30 years. He is currently working on a comprehensive history of the hotel and liquor industry in the Illawarra region of NSW. Besides writing a number of history books, Mick has owned and managed several community newspapers. He was one time editor of the Wollongong Northern News, The Bulli Times, The Northern Times, The Northern Leader and The Local - all located in the Wollongong region. As a journalist he has worked for Rural Press, Cumberland (News Limited), Sydney based, City News, and Torch Publications based in Canterbury Bankstown, NSW. He currently calls the inner-Sydney suburb of Surry Hills home.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 911 other followers


%d bloggers like this: