Sydney Beer Co, a boutique brewer backed by former Australian Test cricketer Brett Lee, owes almost $10 million to its creditors, including its chairman, the Australian Taxation Office and the McGrath Foundation.
The company’s largest creditor is an entity operated by Sydney Beer Co chairman David Catterall, which is owed $6.2 million via a related party loan. The ATO is owed $1.29 million, while business finance group Spenda Co, listed as the only secured creditor, is owed $280,000.
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