Would you buy a golf club

[philsh]

Haha I'll have to go for a round and check it out. Looks good on some of the photo's.

 

[Monty_Brown]

I'm not sure what the benefits of owning a golf course are compared to just being a member of a good one. If it's for sale, chances are it's not making any money.

If you could buy one, it would by necessity probably be not the greatest, to get it at an affordable price, in which case I'd rather spend the money on fees at an amazing course.

It reminds me of the things they say about football clubs....

How do you make a small fortune out of a football club? Start off with a large fortune.

In the current climate I fear a lot of golf clubs would be the same.

 

[6inchcup]

I'm not sure what the benefits of owning a golf course are compared to just being a member of a good one. If it's for sale, chances are it's not making any money.

If you could buy one, it would by necessity probably be not the greatest, to get it at an affordable price, in which case I'd rather spend the money on fees at an amazing course.

It reminds me of the things they say about football clubs....

How do you make a small fortune out of a football club? Start off with a large fortune.

In the current climate I fear a lot of golf clubs would be the same.

this course will end up being a 9 hole and a new housing estate,it is made for this by its location and proximity to existing road/houses,and it has a good postcode.

 

[Jay Nause]

Yes , in the blink of an eye

Cant even afford golf clubs at the moment though , let alone a golf club

 

[Davey S2]

I'm a property finance lawyer and have done a few deals involving golf clubs.

Generally they havent been in favour with bank's and other funders for quite a while as there is somewhat limited scope for growth and member numbers are reducing in a lot of cases and revenues are falling (scrapping of joining fees, poor bar sales etc).

If you want to make a small fortune through golf courses start off with a big one!


If we are talking Euromillions win though then different matter although I'd just buy a really nice house with enough room to develop 2-3 holes to practice on.

 

[munro007]

I'm a property finance lawyer and have done a few deals involving golf clubs.

Generally they havent been in favour with bank's and other funders for quite a while as there is somewhat limited scope for growth and member numbers are reducing in a lot of cases and revenues are falling (scrapping of joining fees, poor bar sales etc).

If you want to make a small fortune through golf courses start off with a big one!


If we are talking Euromillions win though then different matter although I'd just buy a really nice house with enough room to develop 2-3 holes to practice on.

Thats what they did up here is Scotland with Archerfield & Renaissance Golf Courses. With a joining fee of £75,000.00 for Renaissance & houses in the £Millions. It was a gamble that has payed off.

 

[MDG]

I would indeed and aim to create something similar to Queenwood/Loch Lomond.

 

[Davey S2]

Thats what they did up here is Scotland with Archerfield & Renaissance Golf Courses. With a joining fee of £75,000.00 for Renaissance & houses in the £Millions. It was a gamble that has payed off.

Thats what it has to have to be attractive to funders. Its all about revenue stream so if you have a hotel with conference and banqueting facilities or the ability to develop houses and appartments on the site then its different.

These are more resorts than clubs though.

I'm not greedy though. I'd settle for a set up like Tiger's in Florida :fore:


http://www3.pictures.zimbio.com/pc/...%252525252Bmansion%252525252BHnltlx3gANRl.jpg

 

[6inchcup]

I would indeed and aim to create something similar to Queenswood/Loch Lomond.

didnt they go bust and had to be bailed out by the members??