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Country Club working on ways to fix financial issues

The Stratford Country Club is working on their “severe” financial issues.

The club is facing a significant debt.

It’s enough debt to lead their bank to demand immediate repayment of their mortgage and operating line of credit.

Mark Straus is the president of the Stratford Country Club.

He says they’ll be working with their creditors to come to a solution:

[sc_embed_player fileurl=”http://www.cjcsradio.com/news/wp-content/uploads/2014/11/strausclubdebtone.mp3″]

Straus says despite the problems the members are optimistic:

[sc_embed_player fileurl=”http://www.cjcsradio.com/news/wp-content/uploads/2014/11/strausclubdebttwo.mp3″]

Straus said he couldn’t elaborate on how the club got into this situation:

[sc_embed_player fileurl=”http://www.cjcsradio.com/news/wp-content/uploads/2014/11/strausclubdebtthree.mp3″]

When asked how much the club owed Straus said he preferred to keep that knowledge within the membership.

In the meantime it’s business as usual at the club, with the facilities available for events as well as squash and curling.

Patrick Grapes
Patrick Grapes
I'm the news anchor for 1240 CJCS and 107.7 2DayFM here in Stratford. If you have any news tips drop me an email at [email protected] or give me a call at 519-271-2216.

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