The Golden Cow in Tongala could close on Sunday without a $40,000 funding injection.February 14, 2014 4:12pm
Tongala’s Golden Cow has a couple of days to find a white knight otherwise its doors will close.
The Golden Cow’s board has said without a $40,000 injection by Sunday the tourist attraction will be forced to close permanently.
Chief executive Cath Hughes said the Golden Cow was verging on insolvency, with income unable to cover its expenses.
Mrs Hughes said the impact of drought, the global financial crisis, regular theft and increased costs made the Golden Cow’s business model unsustainable.
Mrs Hughes said the $40,000 requested would afford the business time to hatch a new plan for its future.
‘‘It would buy us time for a new business plan,’’ she said.
‘‘The attraction of the Golden Cow is a little tired and we are the first to admit this.’’
One of Tongala’s biggest employers, HW Greenham and Son, had already pledged $10,000 to the Golden Cow, while Nestle has refused to pledge.
Mrs Hughes said she also hoped for contribution from leading employer McColls Transport.
Mrs Hughes said the Golden Cow would be open from today until Sunday, from 10.30am to 4pm.
Workers from charitable organisation People Supporting People are warning Shepparton residents to keep an eye out for a woman falsely claiming to be collecting donations on their behalf.
The under 16 Pigeons kick started the YFNC's finals campaign with a resounding victory over the Paul Spargo led Scots College in the Grand Final of the AWJFL Elwyn Langford Shield at the Albury Sports Ground on Sunday.
Greater Shepparton City Council was successful in securing the National Cutting Horse Association Victorian Futurity Cutting Horse Championships for 2014 and 2015, with this year’s event scheduled from September 10-14 at Tatura Park.
An ad for the Healthy Ageing Project will be filmed in Echuca, Rushworth and Rochester today.
More than $15,000 was raised at a family day on Sunday. The event was to raise money for the families of Barry Purtell and Dave Lobb.
Book Week gets colourful turnout.
Deaprtment of Environment and Primary Industries unhappy about Mt Disappointment vandals.
Jerilderie Shire deputy mayor Ruth McRae handed the key over for the new Rural Fire Service station last Friday.
Farmers have a new weapon in the fight against mice.
Cobram kids learn about health with hospital as state-wide obesity campaign is launched.
History is recorded to inspire the next generation, author John Northage said at the launch of, Mending the Goulburn Broken, in Shepparton last week.
A few anxious customers were outside the closed gates of the failed Bee-Jay Machinery business on Goulburn Valley Hwy in Shepparton on Tuesday morning, wondering what would become of deposits they had paid for tractors and other machinery.
The Benalla Indian Myna Action Group will pay a $1 per bird bounty on live birds delivered to CAL farm. National Party MP Bill Sykes donated $100 to fund the bounty.
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