CRL loan boosts struggling Magpies
THE Lower Clarence Magpies have been given a lifeline by the NSW Country League.
The future of the Magpies in the NRRRL competition has been in doubt following revelations that the club is deep in debt.
The CRL, in the interests of saving the club and getting it on the field in 2010, at a meeting in Maclean last night offered a no-interest loan to cover a chunk of the debt.
The Magpies club has formed a working party to liaise with the CRL on the finer details of the loan, as well as how best to pay back the money, along with commitments to creditors.
Club president Ben Campbell said the backing of the CRL was appreciated, but there was a long way to go.
A short-term problem was the need for the club to overcome legal problems and regain its incorporated status.
Representatives of the CRL and NRRRL were in force at last night’s crisis meeting at the Maclean Bowling Club. The meeting was attended by 52.
CRL president Terry Quinn said the loan was offered in the interests of the game and the proud Magpies club.