Monday July 13, 2020

Business of Sport: Is buying a golf course a smart value play?

Golf courses are selling for a fraction of their original building cost, so is it worth investing in one? Ian Kehoe and Barry J Whyte report.

Barry J Whyte

Chief Feature Writer

30th March, 2014
St Helen's Bay Golf Resort in Wexford.

The members of Castleknock Golf Club have been weighing up their options in recent weeks, trying to plot their next move. The course, nestled in a beautiful 160-acre demesne, was built in 1981 and controlled by Monarch Properties, a major development firm.

In January, however, the course and clubhouse collapsed into receivership, after Ulster Bank called in its debts. Ever since, the members have been trying to decide whether it would be in their interests to...

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