Guaranteed $70k loan for Magpies
THE Lower Clarence community has thrown its support behind its rugby league team, promising to guarantee at least $70,000 of a loan that will get the club back on its feet.
Lower Clarence Rugby League Football Club president Ben Campbell yesterday sent the Country Rugby League (CRL) guarantee forms from 35 members who promise to guarantee $2000 each. He said he knows of at least five more people who are prepared to guarantee the same amount.
At a meeting in Maclean last month the CRL had promised to make the Magpies an interest-free loan for whatever amount they could find guarantors for.
In addition the Northern Rivers Regional Rugby League has guaranteed another $15,000.
Mr Campbell said the club’s debt to creditors amounted to $66,000 and expects this to be paid soon after the paperwork goes through for the loan from the CRL.
“I can’t say an awful lot at the moment,” Mr Campbell said.
“I spoke to Kevin Hill (from the CRL) this morning and he said he will get back to us next week.”
Mr Campbell said the club would pay out its creditors and then go through the steps of incorporation so that it could trade under its own name.
He hopes this could take place as early as next Friday, before the club’s second home game of the season.
Mr Campbell is no longer the lone figurehead for the club elected its committee last week.
Nick Clarke will be vice-president; Elizabeth Fairweather, secretary; Pat Battersby, treasurer; Wendy Daniels, public officer and Di James the canteen coordinator.
He described Ms Fairweather and Ms Daniels as a godsend as the club struggled to stay alive for 2010.
“The work those two ladies have done has been fantastic,” he said.
He said the club would also benefit from the experience of former Magpies treasurer Pat Battersby.
“He’s been there before and knows what’s needed to run our finances,” Mr Campbell said.