The Australian brings word of the ructions and ruminations within the very highest levels of the Australian Labor Party over the sale of the Labor Clubs here in Canberra.
The national executive has intervened to stall the sale of four highly profitable Canberra clubs to the CFMEU-owned Canberra Tradesmen’s Union Club for between $20 million and $25m after it received legal advice the clubs were last year valued at $50m.
The national executive believes the clubs, set up to “render financial aid” to the ALP, represent more than 50 per cent of the party’s national asset base.
National executive sources told The Weekend Australian there could be full national intervention in the ACT branch if it continued to “refuse” to provide information about how it valued the four Canberra Labor clubs and their rivers of poker machine revenue and what it intended to do with the proceeds of the sale.
It would be nice if the natural party of government in the ACT wasn’t also the owner of a huge chain of bars and the operators of vast numbers of poker machines.
https://the-riotact.com/alp-national-executive-drops-the-hammer-on-labor-club-sale/13052
