Cyprus Community Club works to ‘save, revive and rebuild’ historic institution

·

A staple institution for Cypriots in NSW, The Cyprus Community Club has held its place as one of the most important parts of early Greek-Australian history.

Since the COVID-19 pandemic forced the club’s doors to shut, the club’s board has been working to improve the club and ensure its longevity.

“We can say the virus has interrupted us but it has not derailed us,” Cyprus Capital Limited Chairman Sergio Argyrou says in a letter to members.

“As life returns to some normality our mission remains to save, revive and rebuild our Cyprus Community Club and all that this means for our Community.”

Cyprus Club treasurer Andrew Antoniou says that while the club has faced hurdles with COVID-19, it has allowed for them to consolidate and revisit their business model.

“…To help ensure we reach our ultimate goal that will not rely on club business income, but, that of passive income with no debt or borrowings.”

The Cyprus Club treasurer also wishes for the club to “central location for all people of Cypriot and Greek heritage.”

“It is the vision of the current board to finalise the re-zoning, maximise the value of our land and reach the full potential of our current location where our community events, traditions and history have always been.”

Antoniou also thanked the active support of the Cyprus Club members, who have been working hard to help build the wealth of the club.

“We all need to join and help show that our culture and traditions are alive and being passed on to the next generation,” the treasurer says.

Much of the effort in revitalising the Cyrus Community Club has been initiated by Cyprus Capital Ltd, raising the funds needed from the members to refinance the debt currently being faced.

Prior to COVID-19, Cyprus Capital Ltd offered a highly competitive investment opportunity to Community members, earning 3 percent per annum return plus a 30 percent uplift when the loan is repaid by the community. The loan is secured by a mortgage to be held over the Community houses.

“We believe it is a safe, secure, attractive investment, whilst helping the Community achieve its goals,” Mr Argyrou said.

“It is a first for members of any community organisation to be given this opportunity.”

The Chairman assured members that The Cyprus Capital Ltd share offer has not lost its” value or its logic”, encouraging members to help make the Community realise its cultural and economic ambitions.

“Cyprus Capital Ltd has opened the way for all members to save their Community, to have a direct financial stake in their Community.”

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Dr Christos Theologos: ‘Dance keeps us bound to our roots, from Chios to Sydney’

As part of the Zeibekiko Festival Australia, respected folklorist Dr Christos Theologos will lead a series of lectures and workshops.

South Melbourne turns to supporters ahead of Australian Championship kick-off

The opening clash of the Australian Championship will be an event shaped by the voices of the fans themselves.

Low birth rates and ageing: The silent enemy of the Greek nation

From the late 1990s it had become clear to Greek demographers and social scientists that the number of births in Greece was falling.

Peta Trimis: The new star of Australian football with a Hellenic soul

At just 19 years old, Peta Trimis is already being hailed as one of the brightest young stars of Australian football.

A second chance at life: Angelo Alateras’ journey from mechanical heart to transplant hope

After years on life support, 80kgs lost, and 615 days of physio, Angelo finally received the gift of a new heart.

You May Also Like

Papamichail and Grammatikopoulos to make their Australian Open qualifying debut

Tennis players Despina Papamichail and Valentini Grammatikopoulou went head to head to score a spot on the main draw of the Australian Open. 

Labor MPs prioritise support for migrant communities in inaugural ‘multicultural statement’

“This statement recognises that while we are a proudly multicultural country … there is more to be done," Labor's multicultural affairs spokesperson Andrew Giles said.

Cyprus: Historical and political responsibilities of a national tragedy (Part 2)

In the previous article, we mentioned that with the Annan Plan we would now have a Federation of two states.