Developers are knocking, but don’t give away control too cheaply It’s no secret that COVID-19 has put clubs under significant financial pressure, and so it follows that it’s no surprise to hear about clubs receiving unsolicited offers from developers. For a cash strapped club it may feel like the answer to your prayers, … Read more "Developers are knocking, but don’t give away control too cheaply"
Excitement! Like all projects, the start of a club redevelopment is defined by excitement and optimism. The design schemes show brand new and perfectly functioning facilities and partners such as developers make promises of untold wealth. Reality Fast forward to the details of the project and often the shine has come of … Read more "It’s never too late to change tack during your club development journey"
Clubs are looking to diversify their income, which has only been hastened by the impacts of COVID-19. For many clubs, revenue diversification is part of a bigger picture strategy that includes some element of redeveloping their property. This is all well and good for clubs with land already zoned for redevelopment, but the zonin … Read more "The will but not the way – property development in unsuitable zoning"
Our first engagement with any club is, almost always, to provide advice on how they can best use their property to achieve their financial and organisational goals. This advice considers factors such as the details of your property, the local market and the planning context. Most importantly, this analysis is conducted in the c … Read more "The importance of using an impartial advisor"
Clubs are in the entertainment business, providing members and the local community with accessible dining, sporting and social options. This is a great thing, but it’s also a tough business. KPMG’s 2015 National Clubs Census report highlighted that 50% of clubs are at risk of financial distress, and those clubs with EGM r … Read more "Creating diversified income streams for clubs"