WA Police intervened on the now canned $3.5 million bid from a five-man consortium to buy Kalgoorlie-Boulder’s Exchange Hotel.
Receivers of the pub, Ernst & Young, announced on Tuesday the deal had fallen through over the transfer of the pub’s liquor licence.
But the Department of Racing, Gaming and Liquor yesterday said the consortium had made its final submission on the transfer on August 2 – four days before it officially pulled the plug on the deal.
“The licensing authority received the application for a transfer of the Exchange Hotel liquor licence in May 2012,” a DRGL spokesman said. Police subsequently intervened in this application and further information was sought by the licensing authority from the applicant as a result of this intervention.
“The applicant then sought an extension to the deadline for its submission, and finally made its submission on August 2.”
However, the spokesman said a protection order, allowing the pub to continue trading, was still in place until October 18.