Locals battle to save club
THE battle to save the Bangalow Bowling Club has stepped up a notch with locals formulating a plan to try to rescue the 102-year-old club.
A public meeting will be held at 7.30pm tonight at the A&I hall to outline the five-year recovery plan, which includes a proposal to improve club management, attract new members and raise capital through debentures.
The club was closed on January 13 after directors sought the appointment of a voluntary administrator, John Vouris.
At a meeting of creditors on January 25, Mr Vouris said the club had assets of $1.8 million but its dwindling patronage had led to debts of more than $208,000.
Club president Martin Colbert acknowledged the club is asset rich but cash poor.
"But all is not lost. The club owns valuable freehold assets on which to restructure and re-establish a strong and vibrant community focal point."
Club member Brian Mackney said the plan has been created to try to convince the administrator the club could be financially viable.
"The plan involves looking at how the club is administered, creating a marketing plan and a budget, but above all looking at what the customers want because any company that gets into financial trouble has lost sight of its customers."
The administrator will report back to creditors on February 21.
Mr Mackney said he hoped community members will back the proposal but acknowledged the club's future was now in the hands of the administrator.
"We will put to the administrator a compelling argument that all is not lost and the club can survive and reinvent itself," he said.
"It's too valuable an asset to the community to let it slip away."