Development Masterplan Update

The Board, after comprehensive due diligence, including expert advice from a range of advisers and extensive consultation, has resolved not to proceed with a Heads of Agreement for the proposed development offer by Keyton. While the proposal offered a substantial return to the Club, it was not considered to be within acceptable risk parameters. The Board thanks Keyton for its commitment to a thorough and constructive process. The work completed to date is invaluable and will inform future decisions regarding the Club’s facilities.

In the coming months, the Board will review its Strategic Plan and further consider the best way to optimise the Club’s long-term positioning. In the interim, the Board will also consider and progress a number of minor upgrade and improvement works aimed at enhancing member facilities and maintaining the Club’s high standards while longer-term planning continues.