Troubled national sporting organisation Equestrian Australia has avoided liquidation with creditors having agree to support administrator KordaMenthas proposal to reform the sport.
In June, Sport Australia forced the NSO into voluntary administration, deeming its governance unacceptable after the resignation of eight directors and three chairs in just over 16 months.
As of Tuesday this week, an online creditors meeting agreed the administrators proposal, endorsed by Sport Australia, the Australian Olympic Committee and the international equestrian body, as the most likely route to having Sport Australias funding reinstated.
However, prior to the acceptance of KordaMenthas proposal, five of Equestrian Australias state branches (NSW, Sout…
Read the full article at: https://www.ausleisure.com.au/news/equestrian-australia-avoids-liquidation-as-creditors-agree-to-reform/