The trustees have agreed to disclose details of bids received for the High Lane community club to members and give them a say on any pending deal.
“In accordance with their duty, the trustees will report to the members of the club to include the full financial liabilities of the club, the proposed bids and their recommendations for the property,” according to Farley’s Solicitors, which is representing the members.
A group campaigning to save the club feared the majority of offers to buy the site in Chorlton, Manchester, would see the building sold and subsequently demolished as part of a residential redevelopment, and they wanted more control over the sale process.
Three individuals, including two club members, said they would be prepared to launch legal action with a view to blocking the sale until information could be provided to all members on the offers that have been received in recent months, and how any sale proceeds would be managed and used.
Members of the Irish club subsequently asked the trustees, who put the club up for sale in April, to provide full disclosure on the bids received for the venue.
Agency Colliers International is marketing the property and a moratorium on the sale of the club expired last Thursday.
The trustees have now agreed to share information on the bids received and invited members to approve the sale once a preferred bidder has been selected. However, it is not known whether members will be allowed to vote on the disposal or not.
More than 20 bids have been received for the club, including one from housebuilder Hillcrest Homes that could see the building retained and handed back to the community. Hillcrest would build homes on the surrounding land, currently used as a car park.
Mark Hague, associate partner at Farleys Solicitors, said: “This is a very positive step forward, which ensures that members will receive necessary information before sanctioning approval regarding the future of their club.”
Colliers declined to comment. The trustees have been contacted for comment.