Somewhat appropriately, the Tully Heard Report (the Report) commences with the disclaimer:
“We have not conducted an audit of the information provided by others, but have accepted it in good faith, we do not give any warranty with this information.”
Despite several requests for a copy of the Terms of Reference, nothing has been forthcoming from either the SGBCC Board (the Board) or Management (Management). However, to all intents and purposes the Report is focused on the Country Club Vincentia (VCC) and excludes any comment on the SGB Country Club (the Club) as a whole. After many months of ‘toing and froing’ between Tully Heard and the Board, the Report was delivered in two stages. The first part was delivered in August 2022, and this was followed by an addendum dated December 2023.
And some would say that contrary to the Board’s perception that the Report provided it with a valid excuse to sell off all or part of the VCC assets, it actually provided an indictment on the Board’s failure to deliver on its undertakings made at the time of amalgamation as noted in Clause 5 of the Memorandum of Understanding (MOU). Importantly, it should be noted that although the Board has accepted the Report, it has come up with its own scenario – Scenario 8 – which casts some doubt as to whether the Board has really accepted it.
READ Friends of Vincentia Golf Club's response to the Tully Heard Report.
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