In late 2008, HCS was approached by the Gaythorne RSL Board and asked to submit a plan to save the financially struggling club. The Club was in a similar financial situation to that of Goodna Services Club in 2002. On 1 February 2009, HCS purchased the Gaythorne RSL freehold and entered a management
agreement with them.

HCS loaned the club $2 million to renovate the premises and purchase new gaming machines. In their third month after partnering with HCS, Gaythorne RSL reversed the trend of loss to become profitable. The financials very quickly showed an excellent profit (after paying management fees, rent and interest on the loan).

In January 2009, the club had approximately 12,000 members. Within two years the club grew to 50,000 members, an increase of approximately 1,000 members per month. The loan from HCS was fully repaid in 2012 and the Club continues to perform strongly. Over recent years this has included acquiring additional properties and undergoing further self-funded redevelopments, with community welfare and services projects also in the pipeline.

Gaythorne RSL is proud to offer assistance to all serving and ex-serving members of the Australian Defence Force and their families. The Club’s Welfare Section Volunteers regularly make home, hospital and nursing home visits to veterans and war widows, ensuring they are well cared for.

To learn more about HCS and the management support we provide to improve club profitability, please get in touch with our team.