G?BAH RSL UNDER THREAT WHAT NEXT?

By SAMANTHA TURNBULL

THE Goonellabah RSL Sports Club could be the next to close unless a financial saviour is found to take it over.

The future of the Goonellabah site was thought to be stable, but doubts have now been raised about its financial viability.

The Goonellabah site's future was thought to be stable with funds from the auction of Lismore RSL Club going to- wards the $3.2 million owed to the National Australia Bank.

However David Leigh, from receivers Simspartners, said the March 17 auction would not be enough to cover the com- pany's debt.

The Lismore club has been tipped by most local real estate agents to sell for less than $1 million.

Mr Leigh said the receivers were in the process of speaking to clubs interested in amalgamating with the Goonellabah RSL Sports Club, but could not say when a decision would be made.

He would not con- firm whether jobs would be lost at the Goonellabah club, but said the amalgam- ation would give an- other club the au- thority to completely take it over.

"Generally in an amalgamation the partner takes over," he said.

"If it does happen the clubs will have to follow a strict process in the Registered Clubs Act which re- volves around the in- terests of its members being protected."

Mr Leigh would not say if the clubs inter- ested in amalgam- ation were local.

Twin Towns Ser- vices Club assistant manager Rob Smith said the receivers had missed their chance for a merger with the Tweed Heads-based gi- ant.

"We expressed our interest in merging with both clubs (Mar- ket Street and Goon- ellabah) or none," he said.

"As far as we're concerned the matter was concluded then."

Lismore Workers Club general manag- er, Steve Bortolin, said he was aware the receivers were searching for a part- ner for the Goonella- bah club, but had not made a decision on whether to pursue the opportunity.



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