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Lynwood CC, Castle Hill RSL
explore amalgamation
S
YDNEY’S Lynwood Country Club
and Castle Hill RSL Club Group have
announced the commencement of
formal partnership discussions to pursue
opportunities for amalgamation.
young golfers not only at the game of golf
but also in Youth Leadership Programs.”
Clubs NSW CEO Anthony Ball welcomed the
announcement.
“Castle Hill RSL Group plays a vital role in
the Hills and Parramatta Communities and
commends both the RSL and the Lynwood
Country Club for initiating this discussion.
Over the years we’ve seen clubs shut their
doors because they have waited too long for
amalgamation. That’s why it is so important
that these clubs are working together
to make sure that the Lynwood Country
Club continues to do great work in the
community”.
Like many clubs across Australia, Lynwood
has been challenged by the ongoing
financial viability of the club, with increasing
cost pressures, cashflow challenges and
difficult trading conditions. And they are not
alone: A recent KPMG survey showed that
64% of the NSW Golf Clubs in NSW are in or
at risk of financial distress. One percent of
NSW Golf Clubs close every year, with 110
clubs in NSW now closed or amalgamated.
To combat these pressures, Lynwood
put out an Expression of Interest to the
industry 12 months ago, seeking a potential
amalgamation partner. Castle Hill was
receptive to the request due to their
community ties with the northwest sector,
particularly in the Hawkesbury region.
“The Board of Lynwood Country Club is
delighted to confirm partnership discussions
with Castle Hill RSL regarding a proposed
amalgamation,” said Tony Sgro, President of
Lynwood Country Club. “The Boards of both
clubs are working on a Memorandum of
Understanding proceeding Deed of Agreement.
“The Lynwood vision is to develop our
facility to be one of the premier golfing and
leisure facilities in Sydney. This amalgamation
Lynwood Country Club
with such a significant partner as Castle
Hill RSL will maximise ѡ