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Preston club calls extraordinary meeting due to ‘financial black hole’

Posted on - 8th March, 2017 - 6:56pm | Author - | Posted in - Politics, Preston City Centre, Preston News
New Meadow Street club is understood to be on the brink of closure Pic: Joe Baxi
New Meadow Street club is understood to be on the brink of closure Pic: Joe Baxi

A Preston social club running for more than 100 years is on the brink of financial collapse.

New Meadow Street Club – operating at its current base since the early 1970s but part of the fabric of the city since the early 1900s – has an uncertain future.

Financial irregularities mean an extraordinary general meeting has been called by the club’s committee.

The Club and Institute Union – of which the club in North Road is a member – has been called in to assist.

A member told Blog Preston there was a significant black hole in the club’s finances and the club was unlikely to trade beyond this Saturday.

At present the club is continuing to operate pending the outcome of the meeting called for Thursday (9 March).

Read more: Greenlands social club announces closure

More than 3,000 people are understood to be members of the club.

Any member can attend the meeting and doors close at 8pm, and you must bring your membership card.

The extraordinary meeting is due to be chaired by Dave Blackley of the CIU, Pauline Evans, assistant secretary at the New Meadow Street Club and Thomas Winder the club’s treasurer.

It is understood the matter has not yet been referred to Lancashire Police but is likely to be within the next 48 hours.

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