£270 for the Old Course?

[evemccc]

So who do you expect to subsidise your visit to the OC. Or would you be happy to play it with divots, pitch marks etc everywhere or bunkers that haven't been renovated in decades? To get the conditioning these top courses achieve costs alot alot of dosh, which is one reason they charge what they do. As others have pointed the OC is run by a charitable trust and beyond donating small amounts to local good courses there is no profit in the fees they charge. The OC is pretty unique in the hold it has over us with every golfer wishing to play it, until this year the trust has charged less than it could have because frankly, it didn't need the money. However, with the losses, they will have made over the last 2 years that is no longer the case. I for one do not begrudge them that, though I'm not sure I could justify paying that sort of money having already played it.

Have PL football clubs trebled their season ticket prices this year because of zero attendance income since March 2020 at home games until August 21?

 

[BrianM]

Our local restaurant has lost out a lot over the last two years due to covid. I might go and suggest they double their prices to recoup some of it. That'll work. It's a great business model

Hardly comparable.
You had one bad experience and your slating it to death.
You need to let it go and move on with your life ?

 

[Deleted member 30522]

So who do you expect to subsidise your visit to the OC. Or would you be happy to play it with divots, pitch marks etc everywhere or bunkers that haven't been renovated in decades? To get the conditioning these top courses achieve costs alot alot of dosh, which is one reason they charge what they do. As others have pointed the OC is run by a charitable trust and beyond donating small amounts to local good courses there is no profit in the fees they charge. The OC is pretty unique in the hold it has over us with every golfer wishing to play it, until this year the trust has charged less than it could have because frankly, it didn't need the money. However, with the losses, they will have made over the last 2 years that is no longer the case. I for one do not begrudge them that, though I'm not sure I could justify paying that sort of money having already played it.

We don't have accounts for the last 2 years, but the Links Trust sure do make a profit, cash in hand end of 2019 was £13 million.

 

[Billysboots]

Our local restaurant has lost out a lot over the last two years due to covid. I might go and suggest they double their prices to recoup some of it. That'll work. It's a great business model

They tried something similar in Portugal with green fees in response to the recession half a dozen or so years ago and guess what?

Golfers started going to Turkey for their winter golf breaks instead.

 

[SammmeBee]

They tried something similar in Portugal with green fees in response to the recession half a dozen or so years ago and guess what?

Golfers started going to Turkey for their winter golf breaks instead.

Not sure Vilamoura actually has any tee-times left and the price is still going up!!

 

[Jimaroid]

We don't have accounts for the last 2 years, but the Links Trust sure do make a profit, cash in hand end of 2019 was £13 million.

The 2020 accounts are available. Revenue was down £20M in 2020 compared to 2019, £7M cash in bank.

 

[Billysboots]

Not sure Vilamoura actually has any tee-times left and the price is still going up!!

I’m not sure about these days - certainly a few years ago there was a lull in trade there.

 

[doublebogey7]

We don't have accounts for the last 2 years, but the Links Trust sure do make a profit, cash in hand end of 2019 was £13 million.

Missing the point, no group or individual benefits from the profit except as I say some local charities. So the accusation of greed motivating the increase is wide of the mark.

 

[doublebogey7]

Have PL football clubs trebled their season ticket prices this year because of zero attendance income since March 2020 at home games until August 21?

What other organisations do to support their particular business model is irrelevant. Besides gate receipts make up a small proportion of PL clubs revenue these days.

 

[Foxholer]

We don't have accounts for the last 2 years, but the Links Trust sure do make a profit, cash in hand end of 2019 was £13 million.

Cash in hand doesn't equate to Profit!

 

[Imurg]

That's not what I said exactly...

To be fair it wasn't
But when you quote the cost of the other courses.... TOC @£270 IS a bargain by comparison

 

[doublebogey7]

Our local restaurant has lost out a lot over the last two years due to covid. I might go and suggest they double their prices to recoup some of it. That'll work. It's a great business model

Missing the point completely

 

[Foxholer]

Some clubs get more foreign visitors when they increase their green fee. American visitors who head to Scotland won't play "cheap" courses.
Believe it is £346 for Kingsbarns and £395 for Turnberry in 2022, makes the OC look a bargain!

Its a sad time when £270 to play 18 holes is considered a bargain.....

Given their attitude to so many other things, it wouldn't surprise me if they did!
Especially as the cost of their 'top' courses approach $500

 

[sunshine]

The 2020 accounts are available. Revenue was down £20M in 2020 compared to 2019, £7M cash in bank.

I would guess that a large portion of revenue is generated over the summer, so at the December year end the business needs to be sitting on a healthy cash balance to fund winter works and cover maintenance costs.

And cash does not equal profit of course.

 

[patricks148]

I would guess that a large portion of revenue is generated over the summer, so at the December year end the business needs to be sitting on a healthy cash balance to fund winter works and cover maintenance costs.

And cash does not equal profit of course.

Not to forget the number of courses that the money has to cover and the biggest source of revenue would be TOC.

 

[HeftyHacker]

Our local restaurant has lost out a lot over the last two years due to covid. I might go and suggest they double their prices to recoup some of it. That'll work. It's a great business model

Apples and Oranges, as other have said.

Its supply and demand and, even with the elevated price, the demand is likely still there - possibly more than ever with overseas tourists finally coming over after being delayed by two years. Given the price of its equally prestigious and historic neighbours, TOC may have actually been previously underpriced if you want to compare it to a business model and its "competitors".

 

[Deleted member 30522]

The 2020 accounts are available. Revenue was down £20M in 2020 compared to 2019, £7M cash in bank.

Thanks, couldn't find them. So nae exactly paupers, and 2021 was much better than 2020

 

[Deleted member 30522]

What other organisations do to support their particular business model is irrelevant. Besides gate receipts make up a small proportion of PL clubs revenue these days.

Not in Scotland mate.

Comparing SALT to the most avaricious grasping football league in the world is somehow appropriate though.

 

[Deleted member 30522]

Cash in hand doesn't equate to Profit!

They're a not for profit body. Cash in hand shows they are not in dire straights.

 

[Smiffy]

Hardly comparable.
You had one bad experience and your slating it to death.
You need to let it go and move on with your life ?

So not comparable to justifying the price of the green fee because the Old Course has lost out during covid??