Golf club options aired


WILL the golf club remain in the hands of its members, or be sold off in an attempt to recoup debts?

That is the decision that will be made tonight, with a special general meeting called to decide the future of the embattled club.

In a notice of motion circulated to golf club members recently, the options were provided.

The central decision is on an offer by Yaralla Sports Club to amalgamate with the golf club.

According to the notice, "...the amalgamation (includes) the transfer of assets and liabilities from the Gladstone Golf Club Incorporated to Yaralla Sports Club Incorporated.''

It has been speculated that the golf club has amounted debts of about $500,000, which under the amalgamation deal would be taken over by Yaralla.

However long-standing golf club member and local real estate agent Peter Richardson has said the deal would also give Yaralla the deed of title to the golf course and clubhouse, estimated to be worth $5 million. The notice of motion, however, states that five years after the deal the golf club would then be able to consider buying back the golf course (not the club house) "at a consideration of $1''.

President of the golf club Brian Bettridge has refused to comment on the issue in the past, but in a letter to club members outlined the possibility of part of the course also being sold off to developers, who would then re-design the course (so it remains 18 holes) and sell off part of the land to recoup funds.

The meeting will take place tonight at 7pm at the golf club.

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