Bust

On a slightly different note, I was asked my a colleague yesterday about a London course, West Middlesex Golf Club, which is up for sale by administrators. Anyone know what the story is there?
Story I heard is that they had a loan from a bank and were struggling to keep up repayments so the debt got sold on to a "less understanding" outfit who have called it in.
 
Story I heard is that they had a loan from a bank and were struggling to keep up repayments so the debt got sold on to a "less understanding" outfit who have called it in.
Sounds about right - a mate of mine is in the market for a conference venue and looked at this briefly - the legal pack suggests the club breaks even and a bit more, but no trees are being torn up, and there is only 40 years left on a lease from the council. :(
 
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