Amalgamation keeps golf club on course
YARALLA will take over management of the Gladstone Golf Club after an amalgamation motion was accepted by golf club members on Thursday night.
The motion gives the green light for Yaralla's committee to join the golf club committee in finalising amalgamation details so Yaralla can take over the golf club house and course.
The golf club will have the option to buy the golf course back after five years for $1, but Yaralla will keep the club house in exchange for taking on the golf club's debts.
Yaralla general manager Will Schroeder said Yaralla would be looking to appoint a manager to take over the golf club.
He said it would probably take six to nine weeks to finalise the licensing details and conditions of the amalgamation. However Mr Schroeder said, at this stage, all existing golf club staff would remain employed at the club.
Several golf club members embarked on the campaign to save the embattled club from the amalgamation deal.
Long-term member Peter Richardson said the deal would essentially give Yaralla control of the golf club and course (estimated at $5 million) for the price of their debts which amounted to about $500,000.
The accepted motion also stated that an 18-hole golf course would remain.