I guess the club is willing to take on $1.8m debt if it gets the $9m asset.
Will be interesting.
I guess the best way forward for all concerned would be to get a more modern venue nearby to appease members, still have room for the pokies, and sell the land through whichever method is most profitable (subdivision, seeling as a block, etc).
If all goes according to plan - we get a large asset, don't lose a great amount on it, and get to be in control of profitable enterprise.
It's at this point I say that I disagree with The Whitlams...