EY Appointed to Oversee Cyprus Community of NSW

Sydney, NSW – A leading professional services firm, Ernst & Young Australia (EY Australia), has been appointed to manage the affairs of the Cyprus Community of NSW Ltd (The Cyprus Club).

The appointment comes amid concerns about the club's financial future and follows an injunction preventing a member vote on redevelopment or sale plans.

EY Australia executives Morgan Kelly and David Kennedy have been named Voluntary Administrators of the club. Their primary goals are to ensure the continuity of services and secure a sustainable future for the community organization.

Founded in 1929, The Cyprus Club is a well-established community hub offering a range of activities, including social events, cultural programs, and consular services.

The Administrators have pledged to maintain open communication with club members, employees, and the wider community throughout this process. They will also work to minimize disruptions to the club's operations.

Despite the challenges facing the club, the Administrators remain optimistic about its future and are committed to preserving its valuable contribution to the local community.