According to the following article, The battle for drinkers' dollars the days of Club Swans are limited. Not that that is a bad thing.
The article explains the reason as following:
But it was left to 44-year-old Chris Cheung, a first-generation hotelier, to cause the largest waves last month by buying the renowned Bourbon and Beefsteak in Kings Cross and the neighbouring Club Swans for a bargain $22 million, amid rumours that he plans to create a super-bar to rival the Hemmes family's Ivy complex.
What a bargain.
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