sydney Beer Co collapsed in March this year after failing to successfully trade, according to documents filed to the Australian Securities and Investments Commission.

Being founded in 2016, the lager was distributed to 350 venues nationwide and sold in independent bottle stores, Dan Murphy’s and BWS.

Lee, who claimed 310 wickets in 76 Test matches, was listed as a co-owner in 2022 along with Australian actor and writer Matt Nable.

New documents revealed administrators put total liabilities of the business at an estimated $8.5m, threatening the business into liquidation.

Sydney Beer Co’s administrators, Brett Lord and Richard Stone of RSM Australia, said the company could not continue due to a negative cashflow.

All 11 staff members were sacked as $1.1m was owed to the tax office, $6.2m in loans to the company’s parent company SBCO Op and $642,540 owed to 47 trade creditors.

Employees were listed as being owed over $460,000 including $226,222 in wages, $134,028 in superannuation and $46,348 in annual leave.

The company aspired to expand into the United States from a $6m capital raise, despite figures…