Sporties' merger memorandum 'could take months'

A memorandum of understanding for a merger between Ettalong Bowling Club and Woy Woy Sporties "could take months" to draft, according to Ettalong club CEO Mr Tim McGavin.

He said negotiations between the two clubs had not progressed in recent weeks.

In a letter announcing the merger proposal to Ettalong Bowling Club members, Mr McGavin said "Under the proposal, the Sporties would be amalgamated with this club and The Sporties Company would be dissolved.

"If a Memorandum of Understanding is agreed then a meeting of members will be called to discuss the proposal and to give members the opportunity to vote on approving the amalgamation in principle," said Mr McGavin's letter, available on the club's website.

"A copy of the Memorandum of Understanding will be made available for inspection at the club's premises and on the club's website at least 21 days before the meeting," the letter said.

Sporties CEO Mr Kevin Jenkins said the memorandum was an option the Woy Woy club was very keen on considering "but it is not the only option and our three options are still the same: to amalgamate, to keep trading as we are or to close".

Mr Jenkins said the owner of the Sporties site was also making slow progress with their proposal to redevelop the site, incorporating a new clubhouse, as seniors housing.

SOURCE:

Interview, 20 Mar 2018

Tim McGavin, Ettalong Bowling Club

Website, 20 Mar 2018

About us, Ettalong Bowling Club

Reporter: Jackie Pearson