Golfers fight to keep club
MEMBERS of the Gladstone Golf Club are banding together to try to keep the embattled club in the hands of the members. Club member and local real estate agent Peter Richardson said a plan to sell the club to Yaralla Sports Club has prompted action.
'Unfortunately the current elected committee have chosen to sell the golf club down the drain,' Mr Richardson said.
A member of the golf club for about 23 years, Mr Richardson said the deal would see Yaralla take on ownership of the club house and course, which he has estimated to be worth about $5 million, in turn for taking on the debts of the golf club, 'which do not exceed $500,000.'
Gladstone Golf Club president Brian Bettridge would not comment yesterday. However a notice of motion from last Thursday night's club briefing was sent to The Observer.
The notice, to be voted on on Thursday night, states that 'the Gladstone Golf Club Incorporated amalgamate with the Yaralla Sports Club Incorporated and that the committee...be authorised to do everything necessary to give effect to the amalgamation including the transfer of assets and liabilities from the Gladstone Golf Club Incorporated to Yaralla Sports Club Incorporated.'
The notice also states that the golf club will then have the option to buy the course back after five years '...at a consideration of $1.00.'
Mr Richardson is now looking to raise $150,000 in five days to prevent the deal from taking place, with $50,000 pledged so far.
Mr Richardson said the club needed immediate funds to pay off debts it had amounted, plus ongoing income to be able to pay a manager to lead the club in the future.
A development company has also been involved in the deal, as funds could be raised by redesigning the course and selling off the excess land.
Anyone interested in helping the golf club stay with members should call Mr Richardson on 4972 1500.
A decision on the future of the club will be made on Thursday night at 7pm at the Gladstone Golf Club.