In response to the Country Club's Notice of the General Meeting to be held Sunday 25th August 2024, Friends of Vincentia Golf Club Inc has submitted a Members’ Statement in accordance with Clause 38.12 of the Constitution – St Georges Basin Country Club Limited. This Members' Statement has been signed by more than 100 CC members, as per Clause 38.13 and was officially submitted to the CC on Tuesday 6 August 2024.

FoVGC Inc looks forward to this Members' Statement being distributed via email to all current financial members for their consideration. In the meantime, view/download a copy of FoVGC Inc's Members' Statement here.​

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In addition to the Members' Statement, FoVGC has published The Information Memorandum For General Meeting and Financial Viability (18 August 2024) which demonstrates The CC's misunderstanding of financial KPIs as underlined by Clause 21 of The Information Memorandum For General Information. This shows that The CC has described the calculation methodology incorrectly and labelled it incorrectly. This is unarguable!
Read this article which includes a table comparing the CC's incorrect calculations with correct calculations. Essential information for ALL CC members.

FoVGC have published a number of items questioning the proposed development and pending vote as per content presented in the Country Club's Notice of the General Meeting, the President’s Report – August 2024, Information Memorandum and Heads of Agreenment – Oakstand documents. These include:

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• Only one winner & it's not the CC or Vincentia (4 August)

• FoVGC attempts to engage the Country Club are unsuccessful (23 July)

• These questions first! About proposed development at Vincentia (22 June)

• Opportunity Cost of the Vincentia Premises (18 May)​

• Planning & Development Issues regarding Vincentia Golf Club’s Future (27 April)

The Information Memorandum – General Meeting 25/8/24 published by the Country Club continues to push the same narrative about Vincentia being a basket case.

 

FoVGC have published a number of items analysing the CC's financial statements and challenging the figures published on pages 2-4 of the Information Memorandum. These include:

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• Information Memorandum For General Meeting and Financial Viability (18 August)

• ‘Reality Check’ at a Glance… a Tale of Two Clubs (30 July)

• Opportunity Cost of the Vincentia Premises (18 May)

• Analysis of Vincentia Financials highlights misrepresention of Club performance (7 May)

Friends of Vincentia Golf Club Inc presents an analyses of the Tully Heard Report.

It should be noted that although the Board publicly states that it accepts the Report, it has come up with its own scenario – Scenario 8 – which casts some doubt as to whether the Board has really accepted the Tully Heard Report after all.