OB Sports Golf Management has assumed club management duties for Royal Blue Golf Club in Nassau, Bahamas. "We’re excited to be a part of such an incredible golf and resort development, especially with a golf course that is considered one of the best in the world," said C.A. Roberts, President of OB Sports. "Everything at Royal Blue is first-class, from the course conditions to the panoramic views on every hole. It should be on every player’s bucket list.The first Jack Nicklaus Signature Design in Nassau, Royal Blue measures 7,189-yards, and plays to a par of 72.
Golf Inc. Magazine
Adidas is finally selling TaylorMade Golf, and the new owner appears poised to make millions off the deal.
KPS Capital Partners, a private equity firm, had been discussing an acquisition with adidas since the German sportswear maker announced it was seeking a buyer 18 months ago. Adidas wanted out of hard goods, so it could focus on apparel, and TaylorMades fortunes had turned sour in the past few years.
Golf Inc. is seeking entries for its 2017 Most Improved Golf Courses competition and nominations for its Advisers of the Year recognition.
Any course that demonstrated a significant improvement in its fortunes, either through major course renovations, remodeling a clubhouse, adding new facilities, improving customer service, revamping its financial structure or other strategy is eligible to enter the Most Improved Golf Courses competition.
Johnny Morris, is bringing Tiger Woods to the people. The founder and CEO of Pro Bass Shops has been assembling a golf mecca near Branson, Missouri, with four courses designed by some of the biggest names in golf.
Tiger Woods will now add his name to the complex, by designing a 19-hole golf course that will be an homage to Payne Stewart, and a family-friendly par-3 short course at Big Cedar Lodge.
Eric Affeldt will step down as Chief Executive Officer of ClubCorp after the company’s board finds a replacement, the company announced. The announcement came on the same day that the public company announced it would not pursue a strategic transaction, but instead would continue to focus on its three pronged growth strategy — growth, reinvention and acquisitions.
Golf Inc. is accepting entries for its 23rd annual Clubhouse of the Year contest. It will recongnize honorees in three categories — best new private clubhouse, best new public clubhouse, and best renovated or remodeled clubhouse.
New and remodeled clubhouses that opened after Jan. 1, 2016 but before Dec. 31, 2016 are eligible to enter. There is no fee to enter the competition.
Judges assess clubhouses on vision, efficiency, aesthetics and sustainability.
Concert Golf Partners has acquired Philmont Country Club, a historic member-owned private club in the north Philadelphia suburbs. The deal was unanimously approved by the club's Board of Directors and approved by a 95 percent vote of its members on Feb. 28. "This recapitalization achieves everything we have been trying to do on our own for the last 5 years," said Glenn Meyer, club president.
Escalante Golf has acquired Kingsmill Resort in Williamsburg, Virginia for $30.7 million, according to the Virginia Gazette. The Texas-based management company has been slowly acquiring courses, with nine added since 2011. With Kingsmill, it manages 25 18-hole equivalent courses, but Kingsmill is one of its most noted.
ClubCorp isn’t letting an internal review slow it down. The public company recently announced the acquisition of Eagle’s Nest Country Club, a member-owned country club in Maryland, just north of Baltimore, and North Hills Country Club, just north of downtown Philadelphia.
EZLinks Golf announced a significant minority investment by an affiliate of Providence Equity Partners, a global private equity firm with more than $50 billion in assets. While terms of the transaction were not disclosed, the investment helped EZLinks close on the acquisition of Austin, Texas-based Distinct Software Solutions (DSS), a leading marketing technology company specializing in golf.