Notorious party venue Seadeck enters administration, owing up to $14m in debts

Sydney’s most notorious party boat, Seadeck, has entered into administration, with debts of up to $14 million.

According to the Australian Securities & Investments Commission, Seadeck’s parent company was placed into administration on 3 March and has been placed in the hands of Condon Associates.

Loved by Sydney socialites and crime figures alike, the 42-metre venue was capable of hosting 420 guests over three decks boasting a 360-degree view of Sydney Harbour.

Among its loyal patrons was convicted drug lord Michael Ibrahim who, according to The Daily Telegraph, booked the entire venue on occasion.

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Police phone taps even revealed Ibrahim wanted to take ownership of Seadeck, with help from the Nomads bikie gang.

The Nibbler has contacted Condon Associates and is yet to receive a response. However, according to an administrators’ report seen by The Daily Telegraph, the company’s problems stemmed from a legal tussle between the three companies that own Seadeck as well as COVID-19 restrictions.

The row revolves around one company’s failure to gain licensing for 800 people to attend the venue.

The charter boat is reportedly docked at Cockatoo Island, where its owners owed $222,242 in unpaid fees.

The Nibbler has approached Seadeck for comment.

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