Cluch Pty Ltd appoints Graeme Beattie of Worrells as Administrator on 25 September 2023.
Cluch Pty Ltd operates as a streaming platform in the production and streaming of a number of sports, in association with various state and national sports bodies and commenced in 2019 in New South Wales.
Mr Beattie said: ''My team and I are conducting an urgent assessment of the financial position of the company and operations of the business, in order to determine whether it is in the interests of creditors and stakeholders to continue to trade.''
''I am also urgently seeking expressions of interest for purchase of the business or the company's recapitalisation via a Deed of Company Arrangement. Interested parties are requested to contact Worrells to obtain a copy of the Information Memorandum.''
Affected creditors and stakeholders are requested to contact Worrells to discuss any matters and/or provide information to assist the administrator's investigations.
Worrells advises it will continue to provide updates as more information becomes available.
For further information regarding the sale process, please contact Youssef Sarakbi at youssef.sarakbi@worrells.net.au
Worrells is the leading brand of insolvency and turnaround teams. With local teams in QLD, NSW/ACT, VIC, and WA, Worrells also has the support of a national brand. Its teams have helped people and businesses recover from difficult financial situations for over 50 years.
–ENDS–
Youssef Sarakbi
Principal, Worrells Western Sydney office