No Donner and pals you can relax… this is not the Reds but it is a worrying development for rugby union in Australia.
The Queensland Rugby Club has lodged an application in Brisbane Supreme Court to have the company liquidated.
The QRC’s $13 million Rugby Quay venue on Brisbane’s CBD riverside was closed, with the status of the future of the club itself – or its smaller second venue at Ballymore – unknown.
However the Queensland Rugby Union Club Incorporation has filed an originating application to have the company wound up.
The application was granted in the Supreme Court this afternoon by Justice Margaret Wilson, who also granted an application by the club that its liquidation not be advertised.
The QRC was represented by Nick Humzy-Hancock from HWL Ebsworth who said the board had put the QRC into voluntary liquidation because it was “likely to become insolvent soon”.
He argued the liquidation did not need to be advertised as the company had put itself into liquidation and the advertisement was usually used to notify the company.
The administrator is Sydney based firm Grant Thornton.
It is understood the QRC is yet to make contact with members to notify them of the club’s troubles.
Both club members and those who had booked events at Rugby Quay, including weddings, have received no communication from the QRC in the past week.
Last week, the club deactivated its websites and Facebook page and has not released any information on the closure, other than posting a sign in the window of Rugby Quay it was closed ‘until further notice’. Calls to its various phone lines are going unanswered.
”However, due to a series of unfortunate events as a consequence of the 2010/11 floods, it became increasingly more difficult for them to continue in the current financial circumstances. It is a shame to see another venue close its doors in the Eagle Street precinct.”
The Supreme Court application was the first official indication from the QRC of any trouble within the company.