Cootamundra Country Club Update

Discussions continue with Cootamundra Country Club as we complete further due diligence on the club and region whilst working through the MOU.

Cootamundra Country Club approached the Wyong Leagues Group directly after their Board agreed to explore the option of amalgamation earlier this year.

The reason they reached out to “us” was due to our record of partnering with clubs that need help for over 20 years now. We have never closed a club, we have never changed a club’s original being (be it soccer, bowling etc), we have only ever supported the communities surrounding the clubs of every amalgamation we have completed. This is a wonderful reputation to hold.

The Cootamundra Country Club board want to secure their club’s future by partnering with a Group that has the size, skills, and experience to allow their club to grow as their town’s population grows. Cootamundra is approximately 390kms from Sydney in the Riverina Region of NSW, it has a population of approximately 7000 and growing. The town has two licensed clubs, an Ex-Services Club and the Country Club, the town also has 3 small pubs.

Cootamundra is a big sporting town with Cootamundra Bulldogs Rugby League being the biggest sport in town, but they also have Union, Soccer, AFL, Cricket, Basketball and more. They have plenty of sporting fields and amenities to cater for all. We see a wonderful opportunity to partner with these sporting groups so they can prosper into the future and call the Country Club home.

Australian Meat Group (AMG) purchased the old Cootamundra Abattoirs in 2019 and are working on a $300m redevelopment of the Cootamundra site which once complete in 2025 will bring more than 1000 new jobs. This has the potential to bring thousands of new people to the region to live and work.

The Cootamundra Country Club has an 18-hole golf course that is full irrigated with state-of-the-art technology. It also has 3 bowling greens, one for bowls, one for croquet and the other is used as a family space including a kid’s playground, outdoor tables, and chairs etc.

It is the oldest Country Club in NSW, established in 1895. The club house has a bistro, main bar, lounge facilities, function spaces and 12 poker machine entitlements.

The club owns 120 acres of freehold land, which includes the golf course, greens, club house etc. Of the land that they own, 6.2 acres which runs along both roads that run past the club is zoned residential and could be subdivided to allow more housing to be built.

The total value of the site as it stands today is approximately $4.1m when considering the current land zoning etc. The clubs’ total debts and liabilities sit at approximately $500,000.

With minimal competition in the town and a growing population, the Country Club has the potential of being the leading food, beverage, and entertainment venue in the region, along with being the biggest contributor and supporter within its community.

This amalgamation would give the Wyong Leagues Group further strength through diversifying into another growth region, it would complement our balance sheet, continue to further strengthen our group buying power, revenues, and overall community contribution. It would give Cootamundra town an uplift like we have done across the Central Coast, Goulburn, Woolgoolga and Hallidays Point areas.

Below is a drone video of Cootamundra.

In the video you will see the Country Club, Golf Course including machinery sheds and pro shop, bowling greens, sporting fields, the Ex Services Club, Abattoirs redevelopment, the town’s main street and more.

Regards, Ben Coghlan, Chief Executive Officer