Burhill Sale – timing and funding update
The Flags can now confirm the next steps towards the purchase of the Clubhouse and Dinghy Park.
- Sunday 8th December 2019 – General Meeting seeking approval from the members for these transactions.
- Monday 9th December 2019 – exchange of contracts if approval has been given the previous day.
- Completion of the purchase to happen later that week.
As you can see, matters are now moving at great pace.
We have made excellent progress in funding the purchase. Down to the great generosity and spirit of members, we have now achieved over 80% of our target of £1.55 million. Thank you!
You will recall we will have a short-term bridging facility to ensure we can complete. We would obviously like to draw as little of this facility as possible therefore, if you have not already made a commitment to support us, please consider doing so – all offers will make a difference.
You should email your pledge in confidence to email@example.com as soon as possible. You will find information on options available by accessing the “BURHILL SALE” button on the Club website.
We will be contacting members who have already pledged in coming days with arrangements for receipt of funds.
27 November 2019