UPDATE 5PM: BY the end of the week, administrators expect to have a firmer grasp on the assets, jobs and debts tied up in the CQ Leagues Club.
Worrells Solvency and Forensic Accountants were appointed administrators of the troubled club yesterday and issued a statement before noon.
One of the administrators, Paul Nogueira, spoke with The Bulletin early this afternoon, saying Worrells staff were at the club right then assessing the situation.
He said the club’s committee and members had made the decision to cease trading and close the doors on Tuesday afternoon and go into voluntary administration before appointing Worrells.
Mr Nogueria said it was believed the club house was leased by the club, but the club had don…
Read the full article at: http://www.themorningbulletin.com.au/news/major-update-decision-on-cq-leagues-clubs-future-w/3130440/