Russman wrote: » Good point, I got almost all of my sub from Total Fitness refunded by mastercard when Total Fitness shut down last year as I had paid by cr card.
sodbuster77 wrote: » There has been a lot of issues lately regarding the fees charged to shareholder members and the fees being advertised to new members. A large number of shareholder members have left the club recently including a number of ex-captains. There has been views exspressed by certain members that the board were trying to force out the shareholders, the same shareholders that dipped into their own pockets when the club was in financial difficulty. I am devastated that the club has closed but am lucky that I decided to pay by direct debit at the start of the year. Its a great club with some great golf people in it and I know I have made some friends for life there.
ipitydafool wrote: » Who makes up the board of directors then, were they shareholding members voted onto the board? You would think if they were anyway decent the board and management would have been more open about financial difficulties and a plan to save the place could have been formulated. Id say a fuller picture will emerge over next while
sodbuster77 wrote: » Id assume your right in that the board must have been voted in by the shareholders. However there has been alot of anger over the way they have behaved recently. I know there was a shareholder meeting arranged for last night but I have not spoken to anyone yet who was at it.
sodbuster77 wrote: » Anyway...on with the business of looking for a new club!
mike12 wrote: » First of all sorry to all involved. Was it a members club? Or who was it owned by? Was it like Moyvalley where you just bought a share? Can't see how a club that has a membership base like that can go belly up the Bar levy should have kept that breaking even. I think there are questions to be asked here. It's a shame that they did what Turvey did and took in new members right up until they closed the doors. I'm afraid they will be the first of maybe 5/6 clubs to fold. I'm thinking of the ones with big empty new club houses, seems now a days bars are just a drain on the clubs resourses and i can see a lot of clubs closing them down to survive. Think it should be the first question u ask now when going for a new membership can i see the books and can i pay by direct debit.
ShriekingSheet wrote: » Shocking news. Desperately sorry situation. The members deserve much, much better.
k.p.h wrote: » Jaysus lads, this is terrible. Sorry to hear it especially since so many of ye were members. Just one thing though, I can't really get my head around it. I'm not exactly privy to all the financial goings on with golf clubs, but what type of scenario would have to happen for this to happen..? I would have imagined that a golf club would always be better off restructuring and trying to compete and turn a profit rather than closing there doors..
one ill cat wrote: » The club was/is owned by the shareholders, who also elected the board. The land was leased.
mike12 wrote: » So its a members club and i presume the board are all members if so its a Crap way to treat other members., Who is the land leased off. Maybe they will do a deal with the creditors and staff and then re open. Can't see why they didn't let people know they were in diffculty before this and see if the members could come up with a way to save the club rather than just take everyones subs for the year and then shut the club. Mike
ipitydafool wrote: » If the closure of South County is a final as the posters are saying i reckon the members looking for a new place, should try and meet and get a bulk membership offer from other local clubs. they might even be prepared to offer a special reduced rate for this year if a large number are joining and given your unfortunate circumstances.
thegen wrote: » The South County Golf Club (2004) Ltd regrets to announce that the company has taken the decision to cease operations as of this morning, May 9th, until further notice. The highlighted piece above seems odd.
Russman wrote: » Agreed. Even if they manage to pull through, how many members will stay or how many new members will they be able to attract, given they'll have already closed once. Unfortunately it seems like its game over. Total shame for the members. Pity, as its a good track.
TheGrump wrote: » If the land was leased by the club and the club has now gone bust, I'd wager it will open again very shortly. There's no way the landowner is going to let it's asset fade away. No consolotion for the members that forked out their subs though As suggested earlier, you guys should try and form a group and approach local clubs for a group deal on membership. Why not try Palmerstown, a bit of a trek, but a great course and nearly empty at weekends so should be able to take a large number. Obviously they would have to give some garauntees though. I know in Tulfarris they garaunteed all members fees would be refunded if it went belly up. From what I hear the members fees are held in an account and the club only get it in monthly installments, so that if it goes bust the remainder of the money is given back to the members
