Dear Members,
As we move toward a member vote on a potential amalgamation
with The Metropolitan Golf Club, I’m pleased to provide a status update.
While some matters are still subject to confirmation, the information below
reflects the current position, as accurately as possible.
Approximately 12 months ago, Huntingdale and Metropolitan
signed a non-binding agreement to begin exploring the possibility of forming a
combined 36-hole golf club; one that would rival the finest 36-hole clubs in
the country. To guide this process, a Steering Committee was established,
comprising five MGC members and four HGC members. Its purpose has been to
oversee the investigation of the opportunity, conduct due diligence and develop
a Member Information Memorandum to support an eventual vote.
The Steering Committee identified the following key areas of
focus, based on feedback from both clubs:
- Structure
of the Amalgamated Club
- Legal
and Tax Considerations
- Finance
- Membership
- Infrastructure
- Culture
- Timeline
Dedicated workstreams were formed to undertake due diligence
across each of these areas and report back to the Steering Committee. We are
now at a stage where responses can be provided.
While the Member Information Memorandum is still being
finalised, both the General Committee and Steering Committee are committed to
keeping members informed. To that end, Huntingdale will host Member Information
Forums later this year, in the lead up to a vote, sometime in June next year.