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Mr Short, who lives in a $9million Vaucluse mansion with his wife Allyson and their three children, earlier this year already offloaded most of his pub holdings.
Ten months after the sale to a local family was announced, the famous North Shore pub remains in the hands of the Thomas family.
The Sydney Collective, which operated Frasers Short’s once booming hospitality empire of pubs and restaurants, owes creditors almost $6m.
All up, the businessman has cleared some $170 million selling assets in the last year. The reason why has become a well-worn subject among fellow hoteliers.
The Seabreeze Beach Hotel on the NSW Mid North Coast was sold by Ros Short, the widow of the late famed Sydney publican Warwick ‘Wog’ Short.