This came to an end, with the club failing to avoid falling into the hands of a voluntary administrator and consequently closing its doors for the final time on March 25 of this year.
Souths on Chalmers is a separate entity from the South sydney Football Club, and was perceived as a valuable addition to the neighbourhood. Many residents held high hopes for the former South Sydney Leagues Club that was previously closed for renovations back in 2008.
In the 2012 Chairman’s Report, Chairman Bill Alexiou-Hucker expressed excitement for the opening of Souths on Chalmers, stating: “We kicked off the opening of Souths on Chalmers with a guest list of members of the Burrow and Football Club, past players and members who regularly attended our AGM along with our Life Members. As numbers were restricted, the Board and CEO felt that this was a good representation of the members who have followed our progress over recent years.”
Seventeen months on, the Leagues Club is now in voluntary administration, owing $5.65 million. This involves $2.6 million owed to a private lender, and $2 million to the Castellorizian Club which formerly ran the security on the premises. The debts also include $400,000 to a previous director and $600,000 to…