Creditors of the flailing Mount Isa Rodeo have been left outraged by a deal to deliver them only half of the money they are ...

Mount Isa Rodeo administrators have recommended the company be placed into liquidation at a meeting of creditors, scheduled for Wednesday, January 29.

The Queensland government has made a final bid to save the Mount Isa Rodeo — the largest event of its kind in the southern hemisphere — after it entered voluntary administration in October.

The Mount Isa community is already facing struggles with looming job losses at the mines, as well as the insolvency of its major annual rodeo which boosted the economy by more than $10m each year.

Mount Isa Mayor Peta MacRae and Minister for Tourism Andrew Powell last year. Another creditor said it was “a kick in the guts” after years as a loyal supplier of the rodeo. “They want us to ...