{"id":877138,"date":"2026-09-02T07:14:19","date_gmt":"2026-09-02T07:14:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/877138\/"},"modified":"2026-09-02T07:14:19","modified_gmt":"2026-09-02T07:14:19","slug":"bathla-group-administration-sydney-developer-avoids-immediate-liquidation-as-funding-deadline-extended","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/877138\/","title":{"rendered":"Bathla Group administration: Sydney developer avoids immediate liquidation as funding deadline extended"},"content":{"rendered":"

September 2, 2026 \u2014 11:39am<\/p>\n

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Collapsed major Sydney developer Bathla Group appears to have staved off the immediate threat of liquidation, after its administrators extended a self-imposed deadline for $20 million in funding from the group\u2019s private lenders for another 24 hours.<\/p>\n

Teneo was appointed after Bathla entered voluntary administration last week owing debts of more than $3.3 billion<\/a>. The administrators had been negotiating with the dozens of private lenders who had propped up the company over years to obtain short-term funding to pay 350 staff and complete almost-finished construction projects.<\/p>\n

\"AdministratorsAdministrators have extended the deadline to save Bathla for another 24 hours.Brent Lewin<\/p>\n

It had initially set a deadline of Thursday, the payroll deadline for Bathla\u2019s staff who haven\u2019t been paid for eight weeks. But on Tuesday morning, Stephen Longley, a senior managing director at Teneo, told Nine\u2019s Today program that his administrators would begin wrapping up the company by the end of the day<\/a>. He warned Bathla\u2019s financial situation was \u201cvery dire\u201d and the administrators were running out of hope to find funding to complete the 45 projects under construction.<\/p>\n

Negotiations to save the developer will now continue until Thursday.<\/p>\n

Teneo\u2019s immediate priority remains meeting Thursday\u2019s payroll deadline for Bathla\u2019s 350 staff, who haven\u2019t been paid for eight weeks.<\/p>\n

As the deadline nears, major organisations that once partnered with Bathla have sought to distance themselves from the developer. The Western Sydney Wanderers soccer club, of which the company was a major sponsor until Friday<\/a>, announced it would remove all jerseys featuring Bathla branding from sale late on Tuesday.<\/p>\n

\"TheThe Wanderers have terminated a sponsorship agreement with collapsed developer Bathla.Getty Images<\/p>\n

\u201cOur board has determined that protecting the reputation and integrity of the Wanderers brand outweighs the financial cost of this decision,\u201d the club said in a social media post.<\/p>\n

The company, which built mainly greenfield housing in Sydney\u2019s north-west and throughout the state, had been in financial peril for months as the quality of its building was interrogated by Building Commission NSW.<\/p>\n

Related Article\"Stephen<\/a><\/p>\n

The NSW government on Tuesday backed its decision to not bail out the company. Treasurer Daniel Mookhey, speaking while in New Delhi on a trade trip on Tuesday afternoon, called on the private lenders to step in to support the administrators, saying it was not fair to ask taxpayers to bail out the companies that \u201ctook the risk\u201d.<\/p>\n

\u201cThe first obligation belongs to the private credit firms,\u201d he said. \u201cThese are some of the most sophisticated lenders in the Australian economy. They took the risk. The onus is on them to step up and support the administrators.\u201d<\/p>\n

Premier Chris Minns, also on the trip, said he was concerned about the risk of contagion across the construction industry as a result of the collapse but stood by the decision not to bail the company out.<\/p>\n

\u201cI am concerned about it. Like most volume builders, they use a range of contractors as part of their building, so we\u2019re keeping an eye on that,\u201d he said.<\/p>\n

\u201c[But] they effectively asked for a line of credit from NSW taxpayers, and it\u2019s not my money; it\u2019s NSW taxpayer money. And I wasn\u2019t convinced that that was the best use of taxpayer money, particularly as we didn\u2019t have a detailed or deep understanding as to how Bathla got into these circumstances in the first place, and what the exposure would be for NSW taxpayers if we did tip money in.<\/p>\n

More to come.<\/p>\n<\/p>\n

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\"EllieEllie Busby<\/a> is a Parramatta reporter at The Sydney Morning Herald.Connect via X<\/a> or email<\/a>.\"AnthonyAnthony Segaert<\/a> is the Parramatta bureau chief at The Sydney Morning Herald. He was previously an urban affairs reporter.Connect via X<\/a> or email<\/a>.From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"September 2, 2026 \u2014 11:39am Save You have reached your maximum number of saved items. Remove items from…\n","protected":false},"author":2,"featured_media":877139,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-877138","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/877138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=877138"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/877138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/877139"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=877138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=877138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=877138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}