Bank loan

Terri Irwin reveals she took out a bank loan to cover Australia Zoo


Terri Irwin has revealed that she took out a bank loan to protect the future of the Australia Zoo, following reports that the Queensland Wildlife Sanctuary was in financial conflict.

The 57-year-old told the Courier Mail on Friday the loan would cover the animal sanctuary for “at least 20 years of fallout” after the Covid pandemic, which impacted their income due to lack of tourists .

She said: “We are 11 years away from GFC and still feeling the repercussions. So I want to be ready for whatever will follow.

Financial Lifeline: Terri Irwin revealed she took out a bank loan to cover Australia Zoo “at least 20 years of fallout” after Covid – following rumors she “may consider selling” the animal sanctuary. In the photo, Terri with her daughter Bindi

With the Sun’s state borders opening next month, she hopes another wave of the virus doesn’t strike, but said she has ready-made strategies to keep the zoo from sinking.

Matriarch Irwin noted that the pandemic was a difficult time as she had to continue paying her $ 80,000 weekly bill to feed the 1,200 animals she was caring for.

Terri also had to find ways to cut costs and lay off staff of 500 to 200 people.

She had previously stated during an episode of Crikey! The Sunshine Coast Zoo spends $ 400,000 a week on wages at the Irwins.

Saved by the Bank: Terri said of the loan: “We are 11 years from GFC and still feeling the repercussions.  So I want to be ready for whatever comes next '

Saved by the Bank: Terri said of the loan: “We are 11 years from GFC and still feeling the repercussions. So I want to be ready for whatever comes next ‘

Terri told the publication that her children Bindi, 23, and Robert, 17, were able to help raise funds on the retail side of the business to cover costs.

She praised her daughter for writing a book, Creating a Conservation Legacy, about their family’s wildlife work, and her son – a nature photography enthusiast – for selling his images.

While the cost of the pandemic has been economically devastating to the Irwins and their beloved Australian Zoo, Terri isn’t bitter about the strict border closures imposed by the Queensland government.

Helping the family: Terri told the publication her children were able to help raise funds on the retail side of the business to cover costs.  Bindi, 23, has written a book, Creating a Conservation Legacy, about the flora and fauna at their family's work

Helping the family: Terri told the publication her children were able to help raise funds on the retail side of the business to cover costs. Bindi, 23, has written a book, Creating a Conservation Legacy, about the flora and fauna at their family’s work

Fundraiser: Meanwhile Robert (pictured) - a nature photography enthusiast - sold his images

Fundraiser: Meanwhile Robert (pictured) – a nature photography enthusiast – sold his images

She said of Covid: “This is not the flu we are talking about. If you had had an open slather, the health and well-being of the majority of people would have been devastating both in terms of economy and human cost.

Terri has been the head of the Australia Zoo since the tragic death of her late husband, Steve Irwin, 15 years ago.

The crocodile hunter was stabbed in the chest by a stingray beard in 2006. Bindi was eight and Robert was just two at the time.

Crikey!  Terri has been the head of the Australia Zoo since the tragic death of her late husband, Steve Irwin, 15 years ago.  Pictured: Steve Irwin at Australia Zoo in February 2002

Crikey! Terri has been the head of the Australia Zoo since the tragic death of her late husband, Steve Irwin, 15 years ago. Pictured: Steve Irwin at Australia Zoo in February 2002

It comes after New Idea reported that the Australia Zoo is in an even more difficult financial situation than previously thought this week.

According to the source, “several key staff” have been made redundant in recent weeks.

The magazine also reported rumors that Terri “may soon explore the option of selling” the once popular tourist destination.

Last year, Bindi admitted that her late father Steve’s legacy was almost on the verge of collapse as the family struggled to keep the business operational amid the Covid-19 pandemic.

Financial issues: This comes after New Idea reported that the Australia Zoo is in even more difficult financial shape than previously thought this week.  According to the source,

Financial issues: This comes after New Idea reported that the Australia Zoo is in even more difficult financial shape than previously thought this week. According to the source, “several key staff” have been made redundant in recent weeks

Then, in January of this year, a source close to the famous family told Woman’s Day magazine “they are still not out of the woods.”

The Australia Zoo was forced to close for 78 days last year due to the pandemic, but the Irwins still had to pay $ 80,000 a week to feed the animals.

The huge expense has placed the zoo in dire financial straits, especially with international visitors unable to enter Australia’s borders.

“The zoo is dependent on international visitors, and with the borders closed, indeed some state borders closed, and even Australians struggling to return home, a significant portion of their income is gone,” the source said.

Times are changing: The magazine also reported rumors that Terri

Times are changing: The magazine also reported rumors that Terri “may soon explore the option of selling” the zoo. But, the Australian zoo’s fortunes are likely to change with the disclosure of Terri’s loan and the Queensland border restrictions set to be lifted in December. Pictured is Chandler Powell with wife Bindi and daughter Grace, Terri and Robert