Global Edition

Crown Golf acquires Chesfield Downs

1.05am 7th November 2003 - Property

Leading golf club operator Crown Golf, which owns and manages eight golf clubs across the UK, has added a ninth to its portfolio with the acquisition of Chesfield Downs Golf Club, after owners LLI accepted an undisclosed offer. Strutt and Parker represented LLI in these negotiations.
The impressive Hertfordshire facility boasts 27 holes of free draining golf, clubhouse with conservatory overlooking the course and a highly successful retail outlet and floodlit, 25 bay covered driving range and is a popular venue for members, visitors, golf days and functions alike.
Chief executive, John Weir commented, “The Club is an obvious fit within the Crown Golf portfolio. We have known of it since its opening under the ‘Family Golf‘ banner and it has seriously interested the Group for a number of years.
“We believe that the club boasts a well-integrated, active membership and a golf course that, crucially, offers year round play, is maturing well and holds its own within the county. We are excited by the opportunity to have a hand in the next phase of the club’s development and as our business depends upon a satisfied membership base, look forward to working closely with the committees and members to realise the club’s potential.”
Richard Ahrens, chairman of LLI, said, “We are pleased for the members and staff of Chesfield alike that Crown Golf are the new owners with long term aspirations for the club. This gives us an opportunity to continue to focus on our development plans for Test Valley Golf Club in Overton, Hampshire.”
The members of Chesfield will benefit from Crown Golf’s pioneering reciprocal benefits scheme, which allows them to play complimentary golf at its eight other courses up to six times a year at each club.
More information from Wayne Sheffield, Crown Golf Tel: 01923 716280
Crown Golf www.crown-golf.co.uk

Strutt and Parker www.struttandparker.com

       

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