Hi Gippslander,
Unfortunately all the funding raised by the SMCC and the government funding won through the efforts of our club was directed to MA, so they could be owners. (That is the point in history were it all began to unravel!) Even though MA only came in at the last minute after the gov. funding was announced, they were handed around $1.6M of combined club / gov. funding. Of that, approx half must be given back (to gov) if MA sell, they get to keep the other half.
The club is putting a case for our share - for years we were told "too bad, the money is gone", but now with new governance things we are at least able to have sensible discussion with MA. So to answer your question, no the club right now does not have enough funds to buy. You're right, in cases such as ours the stamp duty can be by-passed as I investigated this with the Minister some years ago - I have the letter in my file.
Our argument to MA is instead of wasting all that hard earned money by giving it back, the sensible thing is to keep it in the land. The $$ gap to then buy one block would be reachable.
In this thread title I said "with our help" - meaning us, you lot, motorcyclists. What our club desperately needs is for everyone to get in MA's ear. Next time you bump into key MA personnel, MA board members or your state body councillors, tell them you're not happy Barrabool is being lost for no good reason. Ask them what is MA's business model - to support motorcycling or close down club facilities? Ask them to show you the documents that prove that VCAT said Barrabool must close - because that is what MA said. Fact is those documents don't exist as VCAT said the opposite, that MA should vacate and the venue revert to being a low key club based facility! But hell, the old brigade from MA would never let the truth get in the way of a good story!
The SMCC is more than happy to talk to any potential buyers, we could do with some new bike friendly neighbours!