Broke Hill sold to mystery buyer

Alistair Dunsmuir
By Alistair Dunsmuir August 16, 2012 06:29

Broke Hill Golf Club in Kent has been bought by a company with practically no public profile for an undisclosed sum. The company’s directors now run two firms that collectively own two golf venues.

The 19-year-old 18-hole proprietary club has been bought by Bristol-based Green Grass Golf. Very little is known about the company apart from that, according to Companies House, it was incorporated as UK North East Sub last year, and provided dormant accounts as no significant transactions were made in its first year.

Last month the company changed its name and, on July 21, filed new accounts with the Companies Registration Office.

Its directors – Andrey Chuykov – believed to be a Russian golf course designer, and Andrew Craven, are also directors of UK Northeast Investments, which was incorporated at the same time UK North East Sub was last year, and then bought Chelsfield Lakes Golf Club – also in Kent – a few months after registering.

Both golf clubs were previously owned by Crown Golf, still the UK’s largest operator of golf clubs, despite its programme of selling venues over the last two years. Crown Golf has stated that Green Grass Golf is a professional golf club operator and that members of its clubs can look forward to a bright future.

Andrew Craven has issued a statement that says: “The purchase of Broke Hill Golf Club by Green Grass Golf is a strategic acquisition for our shareholders, as we also own the adjacent pay and play course, Chelsfield Lakes. This provides an excellent addition to our portfolio, and enables us to cover both the pay and play and proprietary membership market in the local catchment area.

“We’re delighted to be working with everyone at Broke Hill Golf Club. We look forward to making a positive contribution to the site, balancing what’s important to the staff and the members alike. We are also fortunate to be picking up the baton from Crown Golf who are the industry benchmark for golf course operations.”

Stephen Lewis, chief executive of Crown Golf, added: “Broke Hill is an attractive and successful members’ club; a freehold estate with a high-quality golf course in a strong catchment area. It is a quality asset from which we have realised good value in a deal which secures a bright future for the club and all the many golfers who love to play there.

“I would like to take this opportunity to thank the staff for all their hard work and professionalism during Crown Golf’s ownership and wish them every success with their new owner.

“From the members’ point of view, we are pleased to be handing them over to such a professional operator. I would like to thank the members for their loyalty during our period of ownership and have every confidence they will continue to enjoy the delights of Broke Hill Golf Club under the new management structure.”

 

Alistair Dunsmuir
By Alistair Dunsmuir August 16, 2012 06:29
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6 Comments

  1. the real truth December 6, 21:42

    So this so-called “professional golf club operator” lied.
    Broke Hill is closing end Dec 2017 after years of broken promises.
    This was a land grab dressed up as a continuance. Shame on GGG.

    Reply to this comment
  2. Andrew Craven August 16, 15:47

    Hi Tania

    send me an email and i will send you my contact details

    kind regards

    Andrew

    Reply to this comment
  3. Tania Longmire August 16, 14:10

    Hi Andrew – we’d love to do a profile on you and Green Grass Golf. Are you interested?

    We were unable to contact you as we couldnt get a phone number or email address

    Reply to this comment
  4. Andrew Craven August 16, 14:04

    All you had to do was ask and we would have told you all about the company.

    all the best

    Andrew Craven
    for and on behalf of Green Grass Golf ltd

    Reply to this comment
  5. trent park golf club August 16, 12:42

    Crown are clearly under enormous pressure from Banks and Shareholders. Having overpaid enormously for the American Golf portfolio in 2005 and with the industry facing tough times their portfolio performance has been abysmal over the last few years. . Its no surprise to see more asset sales and you can be sure there will be more to come.

    Reply to this comment
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