Loch Lomond GC bought by members 03/02/2011 |
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The future of Loch Lomond Golf Club has been secured after it was bought by its members.
Members of the exclusive club include the Duke of York, Sir Sean Connery, Sir Jackie Stewart and leading golfers Sir Nick Faldo and Colin Montgomerie, who married his second wife Gaynor at the venue three years ago.
A statement from the club this week confirmed the purchase from the group of business recovery specialists who have been operating Loch Lomond since the former owner, American property tycoon Lyle Andersen, defaulted on his payments to the Bank of Scotland in 2008.
The deal, the statement said, will protect the jobs of some 100 full-time club employees and up to 200 people from within the local community who are employed on a seasonal basis.
"The deal is also excellent news for many local companies who supply goods and services to the club throughout the year,” it added.
The consortium of members was led by former industrialist and BAA chairman Sir Nigel Rudd, who will chair the club’s newly appointed board of directors.
He said: "Loch Lomond Golf Club is a very special place and our goal is to re-establish it as one of the foremost members' clubs in the world.
"We intend to protect everything that is special about the club and our aim is very much to enhance the levels of service, friendliness and excellence for which the club is famed.
"We have been encouraged by the tremendous support we have received from existing members to make this purchase possible.
"The deal includes the entire Loch Lomond estate, including our championship course which hosted the Scottish Open from 1997 until last year, the Rossdhu House clubhouse, spa and additional accommodation, as well as the second course owned by the club at Dundonald Links in Ayrshire.”
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