A well-known Lake Macquarie venue has closed its doors, after ongoing financial trouble.
Patrons learned of the decision to shut Belmont Sporties Club after a letter from administrator Geoff Davis was stuck in the venues front window.
Mr Davis, from Sydney-based firm BCR Advisory, took over the club with John Morgan last month when the facility went into voluntary administration.
The letter, dated February 5, said the club had permanently closed.
Since our appointment, we have been trading Belmont Sporties with the intention of restructuring its finances and returning it to the control of its directors and members, Mr Davis wrote.
However, we have now made the difficult decision to close the club, effective immediately because of ongoing tra…
Read the full article at: http://www.theherald.com.au/story/5216335/ongoing-losses-force-sporties-club-closure/
