This was published 1 year ago
A historic club faces closure three months after it asked members to pledge $2000 following a hike in rental costs.
Harbour views and poker machines were not enough to rescue The Kirribilli Club, which was placed in voluntary administration on Wednesday.
Club president Lukas Bendt said the decision had been made with “great sadness”.
“Unfortunately, due to a combination of overwhelming financial, operational and hospitality market circumstances we have exhausted all available options and have not come to this conclusion lightly,” he wrote in an email to members.
Administrator Hugh Armenis said the club would continue to trade while he assesses its business, property and financial circumstances. The first meeting of creditors will be held on June 28.
Founded in 1946 for ex-defence force personnel and their families, the club opened at its present site in Lavender Bay in 2007.