Back in May of 2007 the world of the private golf club was rocked by the sale of Club Corp of America to the investment group called KSL. I wrote about the events as they unfolded that first year of the sale which caught the attention of several hundred members of several hundred private country clubs that CCA owned.
Could be a GOOD time to Buy a Golf Course
If you are one of these people or in a group of people who are really serious about saving golf, then keep your eyes and ears open..the auction gavels should start pounding soon.
The Cost of Turning an Old Country Club to New
Sitting tight would be the wise thing to do, but if the infrastructure of a country club is costing more a month to repair than the monthly interest on a capital improvement note then maybe sitting tight is not the right answer.
Increasing revenue is the optimum option which would usually mean raising membership fees or bring in new members. The thinking that these two options are the only ways to raise revenue is where most governing boards and owners of country clubs begin to limit themselves.
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