The amalgamation of the Doylo Lifestyle Group with NBC Sports Club is a step closer with the recent signing of a Memorandum of Understanding (MOU).
The signing marked nearly five months since Doyalson Wyee RSL Club, trading as Doylo Lifestyle Group (DLG), and Northmead Bowling, Recreation & Sporting Club (NBC Sports) commenced dialogue about amalgamation.
Both Boards have enthusiastically agreed to sign the MOU, which has been rigorously considered over the past eight weeks.
The MOU signing is the first formal step in the amalgamation process and delivers the details of how the amalgamation will work for both organisations.
The MOU can be viewed on both club websites prior to an information evening to be held at NBC Sports Club on Tuesday, July 23, and prior to members of both clubs being asked to vote on proceeding with the amalgamation.
Both members’ meetings are scheduled for mid-August.
The decision to proceed came after a thorough due diligence process and many positive discussions with Board and management, with both parties excited about the business and community growth opportunities.
“The whole team is very excited about the future,” NBC Sports Club General Manager Peter Swaby said.
“As a club, we were looking to secure our longer-term success and deliver bigger plans than our financials allowed, and that is why joining with DLG presents us with so much more opportunity to grow our business, our people, and further develop community life and spirit.
“DLG is very well credentialed in strategic development, community development, and talent development.
“It was just the right fit for us.”
DLG CEO Darren Thornton said there were “real synergies” in all aspects of the businesses and enormous potential in the NBC Sports Club.
“They have been successful in the licensed club and lawn bowls space but want to do so much more,” he said.
“We are excited to help them achieve their ‘so much more’ and provide a positive and lasting impact in the Northmead community.”