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Mount Wolsely

  • 18-04-2014 6:42am
    #1
    yettie1701
    Registered Users, Registered Users 2 Posts: 233 ✭✭


    Mount Wolseley Hotel and Golf Resort, which owes various banks €60m, has asked the High Court for protection from its creditors long enough to put a rescue plan in place and save up to 175 jobs.

    Just read this on the RTE news app. Sad to see yet another fine course in trouble. It would be a big blow to the local economy for this place to go under.


Comments

  • #2
    Sean_pop
    Registered Users, Registered Users 2 Posts: 301 ✭✭Sean_pop


    This seems to be a common trend among the bigger golf courses in Ireland. There are far too many Golf courses in Ireland for the population


  • #3
    derra
    Registered Users, Registered Users 2 Posts: 2,103 ✭✭✭derra


    Playing there next Wednesday morning, heard it's a superb course.


  • #4
    Dealerz
    Registered Users, Registered Users 2 Posts: 589 ✭✭✭Dealerz


    derra wrote: »
    Playing there next Wednesday morning, heard it's a superb course.

    It is... 3rd is a cracker.


  • #5
    Tin_Cup
    Registered Users, Registered Users 2 Posts: 606 ✭✭✭Tin_Cup


    Class track. 3rd can be a beast of a hole. Was in great nick when we played a few weeks back. Enjoy

    Hope the staff manage to get sorted always very friendly any time we've visited.


  • #6
    Russman
    Registered Users, Registered Users 2 Posts: 5,939 ✭✭✭Russman


    derra wrote: »
    heard it's a superb course.

    It really is


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  • #7
    yettie1701
    Registered Users, Registered Users 2 Posts: 233 ✭✭yettie1701


    Tin_Cup wrote: »
    Class track. 3rd can be a beast of a hole. Was in great nick when we played a few weeks back. Enjoy

    Hope the staff manage to get sorted always very friendly any time we've visited.
    Have to agree there about the staff. They are really friendly and welcoming every time I play there.


  • #8
    ssbob
    Registered Users, Registered Users 2 Posts: 2,736 ✭✭✭ssbob


    There seems to be a common theme running lately, u had heard that the banks were being pressurised by the govt realise bad debts in 2014 so guessed this was coming. Can't see how they got into €60m debt though, that just seems madness. How old is the course?


  • #9
    Rikand
    Registered Users, Registered Users 2 Posts: 20,511 ✭✭✭✭Rikand


    ssbob wrote: »
    There seems to be a common theme running lately, u had heard that the banks were being pressurised by the govt realise bad debts in 2014 so guessed this was coming. Can't see how they got into €60m debt though, that just seems madness. How old is the course?

    http://www.golfnow.ie/course-directory/county-carlow-golf-courses/tullow-golf-courses/mount-wolseley

    Built in 1996


  • #10
    ssbob
    Registered Users, Registered Users 2 Posts: 2,736 ✭✭✭ssbob


    Rikand wrote: »
    http://www.golfnow.ie/course-directory/county-carlow-golf-courses/tullow-golf-courses/mount-wolseley

    Built in 1996
    An incredible amount of debt for a course built that long ago!!


  • #11
    micks_address
    Registered Users, Registered Users 2 Posts: 8,998 ✭✭✭micks_address


    ssbob wrote: »
    An incredible amount of debt for a course built that long ago!!

    Possibly wrong thread to ask but we have a deposit paid on one of their self catering cottages for July. Should that still be ok?


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  • #12
    yettie1701
    Registered Users, Registered Users 2 Posts: 233 ✭✭yettie1701


    ssbob wrote: »
    An incredible amount of debt for a course built that long ago!!

    They developed a lot of property on the site during the Celtic tiger. There has also been a lot if development on the hotel too. They built a driving range and golf academy a couple of years back too. So I suppose all this adds up. It's a very well maintained place too and that comes at a large cost too.


  • #13
    ssbob
    Registered Users, Registered Users 2 Posts: 2,736 ✭✭✭ssbob


    micks_address wrote: »
    Possibly wrong thread to ask but we have a deposit paid on one of their self catering cottages for July. Should that still be ok?

    Yeah should be fine but I guess no need to tell you that you should ring and check it out!!


  • #14
    blindside88
    Registered Users, Registered Users 2 Posts: 1,968 ✭✭✭blindside88


    derra wrote: »
    Playing there next Wednesday morning, heard it's a superb course.

    I'm a member there, the course is in great condition. Bear in mind the greens were hollow tined and sanded a couple of weeks ago so they are not in there usual shape. Getting better every day. They have really minded the place over the winter. Enjoy the round


  • #15
    derra
    Registered Users, Registered Users 2 Posts: 2,103 ✭✭✭derra


    Tin_Cup wrote: »
    Class track. 3rd can be a beast of a hole. Was in great nick when we played a few weeks back. Enjoy

    Hope the staff manage to get sorted always very friendly any time we've visited.
    Russman wrote: »
    It really is
    Dealerz wrote: »
    It is... 3rd is a cracker.
    blindside88 wrote: »
    I'm a member there, the course is in great condition. Bear in mind the greens were hollow tined and sanded a couple of weeks ago so they are not in there usual shape. Getting better every day. They have really minded the place over the winter. Enjoy the round

    Looking forward to it now. It's that time of the year when the greens have to be done and nothing can be done about it, hopefully they be in decent enough condition on Wednesday morning.


  • #16
    Tones69
    Closed Accounts Posts: 2,333 ✭✭✭Tones69


    derra wrote: »
    Looking forward to it now. It's that time of the year when the greens have to be done and nothing can be done about it, hopefully they be in decent enough condition on Wednesday morning.

    Ul love it. Europro tour have an event there in july so you can be sure itl be in cracking nick for the summer


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