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Country club has tight deadline to find buyer

The Stratford Country Club is hoping to finalize a buyer before the end of December.

That came in an update sent to members Wednesday by club president Mark Straus.

The update says they’ve entered a Forbearance Agreement with the bank which will allow them to operate while looking for a buyer.

That agreement says a letter of intent from a party capable of buying the club has to be given to the bank by November 21st and a firm closing date sent to them by December 15th.

This comes as the club faces some significant financial issues, including a seven figure debt.

In the meantime the Stratford Country Club is open for curling, squash and events as usual.

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 pgrapes@2dayfm.ca or give me a call at 519-271-2216.

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