OUT of options, an iconic Gladstone club has asked its members to contribute to a trust fund in a bid to keep it from becoming insolvent.
At 10am today, about 100 people gathered at the Gladstone RSL Bowls and Citizens Club to come up with a solution to the club’s struggling financial situation.
Club secretary Terry Boyd said an exodus of elderly people leaving the region in the past two years to retire elsewhere left the club in ‘dire straits’.
Mr Boyd said the club had since fallen into a debt of more than $40,000.
The crisis meeting, which welcomed a number of community members; club volunteers and members, local politicians and representatives was aimed at pinpointing ways to keep the 76-year-old club from folding.
To kick things off…
Read the full article at: https://www.gladstoneobserver.com.au/news/long-standing-gladstone-club-reveals-40k-debt-at-c/3203665/