Apollo Global Management's $1.1 billion acquisition of ClubCorp is the biggest golf course sale in years.
Despite the country boasting 2 million regular golfers, 70 per cent of people in the U.K. who had watched the sport reported that it was "boring", including 52 per cent who described it as "very boring."
During the first council meeting of 2018, members approved an ordinance that would require companies that rent these vehicles to franchise their business with the city.
The company that runs East Clare Golf Club in Ireland has said it will invest nearly £18 million into the facility. According to Limerick Leader, East Clare Development Village, which has only just taken over the management of the venue, has a redevelopment plan for the course and surrounding resort.
The potential for trouble was serious enough that the tour instituted an anti-gambling initiative that went into effect Jan. 1. The “Integrity Program,” announced in September, is intended to protect competitions on all six tours that the PGA Tour oversees from potential outside influences related to today’s big-time gaming environment.
Tranquilo Golf Club at the Four Seasons Orlando has a chance to tout its new status — a transition from public to private club —and the $2.5 million expansion and re-creation of its 16-acre practice facilities under the direction of architect Tom Fazio.
At its meeting Tuesday night the Thornton Development Authority approved a plan to rebate 50 percent of the of the eligible sales and property taxes back to Topgolf. That total can not exceed $3.75 million and the rebates will expire in 2028.
" We evaluated many sites throughout the market. This one emerged as the most desirable due to its visibility and ease of access within the market," said Topgolf spokeswoman Morgan Wallace.
Florida-based Golden Bear Realty, founded in 2003 by Michael Nicklaus, son of golf icon Jack Nicklaus, and his brother-in-law Todd Vance, will now be called NV Realty Group, using the last initials of its two founders in the new company name.
OnLink has named Scott Ferrell as its executive vice president, sales & marketing effective Jan. 1. Ferrell has been an OnLink company director since early 2017, and will remain on the company board in conjunction with his new operating role.