South County GC Closed

Gambino · 10-05-2012 4:11pm

As I understand it, the club ran out of money because a substantial number of members refused to pay their subscriptions. In that case they didn't have much option other than declaring insolvency. If the management walked away from it, then I can see why the landlords took action. Whatever chance the course has of surviving, it would have none if it was allowed to fall into disrepair. As it stands the course is open and people are playing. That is something to build on. Anyone got a better plan?

GreeBo · 10-05-2012 4:18pm

Gambino wrote: »

As I understand it,

Source please?

VirtualNemesis · 10-05-2012 4:18pm

link_2007 wrote: »

Woke up to a text:

The board regret to announce that the golf club will close immediately. A formal statement will be issued to shareholders and creditors in due course. See website for further details.

I have checked the website but it seems to be the same as normal.

ah no way?! Thats sorry to hear. Never got the chance to play it but heard it was a fine track.

Hopefully it will be opened again soon.

VN

bustercherry · 10-05-2012 4:23pm

GreeBo wrote: »

Source please?

Well said.

As I see it you are talking Bull****. If this was the case; why was it not made more transparent that the club had difficulties and why were the clubs management reassuring members finances were good?

Also members not renewing their subscriptions is completely different than members refusing to pay :rolleyes:

Gambino · 10-05-2012 4:24pm

GreeBo wrote: »

Source please?

The manager and various members - some seem to be quite proud of it. Others are proud of how they screwed discounts out of the club last year. They must be very happy today.

Redzah · 10-05-2012 4:29pm

Gambino wrote: »

The manager and various members - some seem to be quite proud of it. Others are proud of how they screwed discounts out of the club last year. They must be very happy today.

Hi Gambino, screwed discounts on what exactly?

A bit short sighted from them to be proud of not losing out on their cash as they now have no golf course.

Did they have a reason to refuse paying the subscriptions or was it merely due to the fact that they were more astute or had more info than other members regarding the financial position the club was in?

GreeBo · 10-05-2012 4:30pm

Gambino wrote: »

The manager and various members - some seem to be quite proud of it. Others are proud of how they screwed discounts out of the club last year. They must be very happy today.

Sorry but thats not good enough.
Original post deleted.

Gambino · 10-05-2012 4:31pm

bustercherry wrote: »

Well said.

As I see it you are talking Bull****. If this was the case; why was it not made more transparent that the club had difficulties and why were the clubs management reassuring members finances were good?

Also members not renewing their subscriptions is completely different than members refusing to pay :rolleyes:

In my opinion the club has been upfront with members about the situation. The Chairman gave a verbal update to a meeting not long ago and recently sent around a note about how the manager was concentrating on a membership drive, because of concerns over numbers.

The difference between not renewing and refusing may be clear to you, but the effect is the same - no income.

vikingdub · 10-05-2012 4:31pm

bustercherry wrote: »

Well said.

As I see it you are talking Bull****. If this was the case; why was it not made more transparent that the club had difficulties and why were the clubs management reassuring members finances were good?

Also members not renewing their subscriptions is completely different than members refusing to pay :rolleyes:

I think this is probably the source

http://www.independent.ie/national-news/hundreds-left-out-of-pocket-as-golf-club-closes-down-3103853.html

"Club captain Michael Moore said 120 people had not renewed their membership for this year, including 55 shareholders."

dangerous golfer · 10-05-2012 4:33pm

Hi Gambino,

Which board member are you?

Kind Regards,
Dangerous Golfer

bustercherry · 10-05-2012 4:36pm

dangerous golfer wrote: »

Hi Gambino,

Which board member are you?

Kind Regards,
Dangerous Golfer

Also can you pop you address on here too, so I can call round about some money you owe me

PadBol · 10-05-2012 4:37pm

Hi Folks
Very sorry to hear that - nearly joined it last October.
However this could turn out to be a good thing for members, provided they act fast.
I am looking to get as large a group of members as possible together to seek to buy out the club from the liquidator / receiver. If it really has 600 members then it is almost certainly viable going forward, it is just the debt burden that is killing it.
If you are a member could you please email me at paddy@blg.ie. I will be in contact with the club and then revert as soon as possible to everyone with a rescue plan if one is possible
Thanks and regards
Paddy Bolger (Insolvency practitioner)

Gambino · 10-05-2012 4:37pm

Redzah wrote: »

Hi Gambino, screwed discounts on what exactly?

A bit short sighted from them to be proud of not losing out on their cash as they now have no golf course.

Did they have a reason to refuse paying the subscriptions or was it merely due to the fact that they were more astute or had more info than other members regarding the financial position the club was in?

Yes, short sighted is a good way of putting it. Some got money off. Others demanded that some or all of their sub be offset against a loan that was made by members during a previous crisis.

Its a shame; a lot of hard work went into getting the club onto at least a sustainable basis, only for it to be holed from within by some of its own members. I'm sure some cases were genuine but others were just being too clever for their own good.

bustercherry · 10-05-2012 4:38pm

Gambino wrote: »

In my opinion the club has been upfront with members about the situation. The Chairman gave a verbal update to a meeting not long ago and recently sent around a note about how the manager was concentrating on a membership drive, because of concerns over numbers.

The difference between not renewing and refusing may be clear to you, but the effect is the same - no income.

So you believe you did enough to notify the member's, who you were collecting subs off collecting last week?

Gambino · 10-05-2012 4:46pm

My sub is down the drain too - as is my share and loan. I presume they went flat out to collect subs and attract members for as long as possible but at a certain point - I guess Tuesday - they decided it wasn't going to work. I was introducing prospective members as recently as two weeks ago and I had no inkling that it was this bad. I'm not happy about that but what should they have done - just give up sooner?

You seem displeased with my posts. Might this be because you are one of those who didn't pay and are reluctant to take your share of the blame?

Redzah · 10-05-2012 4:55pm

Gambino wrote: »

Yes, short sighted is a good way of putting it. Some got money off. Others demanded that some or all of their sub be offset against a loan that was made by members during a previous crisis.

Its a shame; a lot of hard work went into getting the club onto at least a sustainable basis, only for it to be holed from within by some of its own members. I'm sure some cases were genuine but others were just being too clever for their own good.

Fair enough, well if the members had to fork out for a loan during a previous crisis which had not yet been repaid then they would have been aware that the club was not in good shape financially.

Would the audited accounts and up to date cash flows have been available to members who joined recently? If so then it could be argued that these new members went in with their eyes closed.

If you look at the following factors;

Trade defecit
Previous loans given to club by members which were still unpaid
Just Treats deal offering 56% off membership

and if you couple these with a look at the cash balances and liquid assets on the audited accounts then you would have a good idea of the financial position of the company's position.

Anybody know whether the 2011 accounts were prepared on a going concern or break up basis? Was it a clean audit opinion? Did it include an emphasis of matter paragraph regarding potential going concern issues?

Depending on the answers to the above, it could be argued that some existing and new members went in with their eyes closed. Its a harsh lesson to learn but i can understand why the club would not say 'we're fcuked so don't pay us your sub' in their predicament.

carman2011 · 10-05-2012 5:06pm

the 2011 financial accounts were filed in April 2012.
they are available for anyones viewing from the CRO website, CRO.ie for a charge of €2.50
I have been examining them over the last 2 days.

the company lost 62,666 in 2011.
it has an overall deficit of 1,031,159
it owes 1,121,942 to its members (loans etc given by members)
(so its in the black ignoring these)

accruals which are probably mostly rental arrears are 327,691
(if the landlords decided to call this in, the company could have had issues continuing)

whats likely, is that with c120 members leaving, a lot of whom were on a higher rate than the people who joined cheaply under schemes, the projections for the year had to be adjusted downwards, and the thing became unviable.
BUT, per the 2011 accounts, it didnt look as bad as it now seems, revenue etc were only owed small amounts, and most of the debt was due to members which i presume these members were not all chasing hard in the short term.

Interesting, the company was OWED 397,542 from a South County Properties Ltd !

All this info is freely (well for 2.50) available on the CRO website.
It also lists the active directors of the company for those interested in that.

bustercherry · 10-05-2012 5:11pm

carman2011 wrote: »

the 2011 financial accounts were filed in April 2012.
they are available for anyones viewing from the CRO website, CRO.ie for a charge of €2.50
I have been examining them over the last 2 days.

the company lost 65k in 2011.
it has an overall deficit of just over 1m
it owes 1.1 to its members (loans etc given by members)
(so its in the black ignoring these)

accruals which are probably mostly rental arrears are c350k
(if the landlords decided to call this in, the company could have had issues continuing)

whats likely, is that with c120 members leaving, a lot of whom were on a higher rate than the people who joined cheaply under schemes, the projections for the year had to be adjusted downwards, and the thing became unviable.
BUT, per the 2011 accounts, it didnt look as bad as it now seems, revenue etc were only owed small amounts, and most of the debt was due to members which i presume these members were not all chasing hard in the short term.

Interesting, the company was OWED c400k from a South County Properties Ltd !

All this info is freely (well for 2.50) available on the CRO website.
It also lists the active directors of the company for those interested in that.

Hmmmmm very interesting when you look at the board of that company.

ForeRight · 10-05-2012 5:35pm

For people who seem to be going down the road of thinking that something under handed has gone on in all this from the Kavanaghs there are a few facts you should know.

Pat Kavanagh had 9 shares in SCGC and his brother had 20!!!

They had given a 40% reduction to SCGC last year on the lease as times were very tough.

Also I was speaking to Raymie this morning up there and I asked him about the accounts in the pro shop. He told me absolutely everything is wiped clean and all the passwords were changed on the computers to log into the systems on tuesday night. WTF!!!

Hed had given credit to a huge amount of people for clothing, clubs etc etc and also lads had accounts that were in a good bit of credit but its all dead now he said.
I didnt want to ask but id imagine he is down an awful lot of his own money on this issue. The reason it is all gone is because it was all done through the SCGC mens club and that doesnt exist now either obviously.

Up there this morning and I was going to go out and play as the course was open but I refused to give pat kavanagh 10 euro to go out and play the course.

Pat Kavanagh on more than one occasion this morning said it would be easier for him to just fench the whole place and have sheep graze on it but he maintains that he is starting a new club called south county golf club instead of the old "the" south county GC. It is pay and play for everyone....previous members fully paid matters nothing as its nothing to do with him. He didnt take our subs and I understand where he is coming from but if he wants the place to survive he is going to have to come up with some plan to keep existing members on board.

From what I saw and witnessed in the club this morning I am very worried though. kavanagh was talking a good game but I really dont think things are going to have any sort of happy ending for all involved.
He will be at the end of his tether in a few days with this as his phone didnt stop ringing for the hour I was there and I am worried he will just throw his hat at the whole thing

Spankyspanks · 10-05-2012 5:35pm

I have to say that the above analysis of the club has no grounding in financial logic.

If you look at the fundamentals - literally 6k cash on hand, debtors increasing - it all points at liquidity problems which was the reason for the closure of the club ultimately. This isnt the first business to go under due to a strong asset base with ultimately no liquidity, this is pretty standard and there is nothing from a financial standpoint that could be termed "interesting" in those accounts.

If you read the accounts from an analytic perspective, the belief put forwards by the directors that the club could sustain itself into the medium/long term given the knowledge the board had of members witholding subs etc is frankly ludicrous.

Given the fact that the club was in such trouble I find it baffling that no fundraising efforts were made outside of the ordinary discount membership option. With a base of 600 members, simple maths would dictate that an organized event with this personnel base could generate enough cashflow to provide for a short term carry forward of the club.

ForeRight · 10-05-2012 5:36pm

For people who seem to be going down the road of thinking that something under handed has gone on in all this from the Kavanaghs there are a few facts you should know.

Pat Kavanagh had 9 shares in SCGC and his brother had 20!!!

They had given a 40% reduction to SCGC last year on the lease as times were very tough.

Also I was speaking to Raymie this morning up there and I asked him about the accounts in the pro shop. He told me absolutely everything is wiped clean and all the passwords were changed on the computers to log into the systems on tuesday night. WTF!!!

Hed had given credit to a huge amount of people for clothing, clubs etc etc and also lads had accounts that were in a good bit of credit but its all dead now he said.
I didnt want to ask but id imagine he is down an awful lot of his own money on this issue. The reason it is all gone is because it was all done through the SCGC mens club and that doesnt exist now either obviously.

Up there this morning and I was going to go out and play as the course was open but I refused to give pat kavanagh 10 euro to go out and play the course.

Pat Kavanagh on more than one occasion this morning said it would be easier for him to just fench the whole place and have sheep graze on it but he maintains that he is starting a new club called south county golf club instead of the old "the" south county GC. It is pay and play for everyone....previous members fully paid matters nothing as its nothing to do with him. He didnt take our subs and I understand where he is coming from but if he wants the place to survive he is going to have to come up with some plan to keep existing members on board.

From what I saw and witnessed in the club this morning I am very worried though. kavanagh was talking a good game but I really dont think things are going to have any sort of happy ending for all involved.
He will be at the end of his tether in a few days with this as his phone didnt stop ringing for the hour I was there and I am worried he will just throw his hat at the whole thing

Alrite Chief · 10-05-2012 5:41pm

bustercherry wrote: »

Hmmmmm very interesting when you look at the board of that company.

How do you mean?

carman2011 · 10-05-2012 5:48pm

if u amalgamate the 2 companies the overall position is solvent, just has really bad liquidity.
the boards of the 2 companies are the same, same 7 directors in both.

i wonder do the "mens club", which is seperate from the SCGC have accounts. They collect half the competition fees, to pay for inter clubs and running of the comps etc, i believe they have a reasonable amount of cash on hand, i presume members will be made aware of this after the next committee meeting etc

eagleleyes · 10-05-2012 6:22pm

I paid my sub this year and I am not a shareholder but when I asked many members who werent paying theirs why, without exception each and everyone of them said the same thing. The Board had put a value of 1,289 on membership when it advertised it to newcomers. Yet it expected its existing members to cough up much more. These were members who had already bailed out the club. Negotiation or compromise was not on the cards. I have only been a member for a year but for at least 9 months of that time I had the feeling that something was not right in the place and that feeling came from the top! Too many chiefs and not enough Indians.

Redzah · 10-05-2012 7:06pm

carman2011 wrote: »

if u amalgamate the 2 companies the overall position is solvent, just has really bad liquidity.
the boards of the 2 companies are the same, same 7 directors in both.

i wonder do the "mens club", which is seperate from the SCGC have accounts. They collect half the competition fees, to pay for inter clubs and running of the comps etc, i believe they have a reasonable amount of cash on hand, i presume members will be made aware of this after the next committee meeting etc

Not really as the golf course is being carried at €4.3m in the books of SC Properties which the auditors have issued a qualified opinion on this balance as there is no market to correctly value it.

I looked at the accounts there and to be honest they stink of enter at your own risk signs and highlight a completely insolvent company, analysis of key facts below;

Auditors report of SC(2004) has an emphasis of matter regarding going concern which is reliant on the continued support of its members and the banks. Quite clearly this continued support was pulled.
The company has an accumulated retained losses of €1m (and growing) which is an extremely worrying trend.

The club has cash of €6k which is pittance to run a golf club so even if it was profitable cash flow difficulties alone would probably have caused it to cease trading. However this gets even worse as the bank overdraft balance is €34k at the year end which gives a net cash balance of -€28k. Depending on their overdraft threshold this could have been in breach and the banks could've started to put the pressure on big time to recoup this or more likely have told them that no further overdraft facility will be granted until this balance is serviced.

The debtors figure is €417k of which €397k is owed from group companies (SC property). SC Property do not have liquid funds to repay this and therefore this figure is not recoverable and will never be paid from SC property to SC(2004) so u can wipe this off the SC(2004) balance sheet immediately which gives Net Current Liabilites of €500k and Total Net Liabilites of €1.5m.

IMO, You are right in sayin that the loans from members was unlikely to be called in with the financial difficulties but as this balance has reduced by €20k from 2010 (albeit a small amount) then some members had most likely utilised their loan balances against annual subs and thus further impacted on the liquidity of the company.

Whats very interesting is that SC (2004) provided further cash advances in 2011 of €110k(of which €55k was repaid) to SC Properties. SC properties accounts are abridged (limited info) so its difficult to ascertain where this money was spent. But as i said before the total balance owing to SC (2004) from SC Prop of €397k is not recoverable as SC Prop do not have the current liquid funds to repay this. The only way SC Prop can repay this is to sell the fixed asset (i.e. Golf Course) valued at €4.3m in the books which is not plausable in the current environment. Furthermore, the auditors of SC Properties qualified the 2011 audit opinion due to a limition of scope surrounding the value that the golf course is carried at.

Finally, an analysis of the cash flows of SC (2004) illustrates a decrease of cash of €63k in 2011 (decrease of €85k in 2010). This future emphasises cash flow difficulties SC experienced.

In conclusion, the 2011 SC(2004) accounts illustrate that the company was f'ed. However, not much use to a member who paid early as they were only available late april. SC (2004) has no chance of re-trading IMO unless it enters examinership to screw their creditors over, re-negoitiate the terms of the lease for the land and can generate signficant cash in the short term to fund day to day operations.
Hope this gives you a better picture of the financial position of SC as at 31/12/11 which has not doubt got even worse in the last 4 months.

Gambino · 10-05-2012 7:09pm

I heard the same complaints about the different subs but when I asked what alternative strategy was being proposed, I got no answer. The price difference was a couple of hundred. When a business is in trouble in a tough market it is hardly unreasonable to expect your shareholders and investors to put in that bit extra, while you try to trade and expand your way out of trouble.

I'm not giving up on it just yet. Its a better course than any of the alternatives in the area. If the Kavanaghs can hang on to a decent chunk of the members, market it well and maintain the course in good nick, it could and should be able to operate profitably - assuming the debt burden dies with the old club (and the malcontents who ruined it have left.)

I don't begrudge them €10 a pop to keep it going. After all we pay €7 for competition entry. I'll certainly keep playing my golf there for the time being and I hope others do the same.

scubapro · 10-05-2012 7:24pm

It's all well and good for the accountants summarizing the filed accounts blah blah blah blah, most of us( non accountants) took the club at face value. Hindsight is a wonderful thing.

Was up there this evening, met the landlord, seems like a genuine guy, looks like he has been screwed over as well as Raymie. I know he met with a committee member today to try and get them on board, keep the comps going but to me it looks like a lost cause. He has a new green keeper employed and has managed to get some machinery to maintain the course, as mentioned there will be a 10 euro charge for the course, obviously the course maintenance has to be covered.

RIP

Gambino · 10-05-2012 7:36pm

Anybody know another course that is better value at €10?

eagleleyes · 10-05-2012 7:38pm

Is it true that the Landlords son in law is great mates with the ex chairman and incoming captain? I just heard this now from a local who lives up there? Also whats this about a road going through the course? Would there have been any benefit to the sharholders from this? Im only asking as I only joined within the last year and dont know all the ins and outs.

Alrite Chief · 10-05-2012 7:41pm

Good stuff with the financial analysis Redzah.

Im done thinking about it now until after the committee meeting tonight. Im sure a statement will be issued in due course. All the conspiracy theories are worth sweet FA.

Redzah · 10-05-2012 7:43pm

scubapro wrote: »

It's all well and good for the accountants summarizing the filed accounts blah blah blah blah, most of us( non accountants) took the club at face value. Hindsight is a wonderful thing.

Was up there this evening, met the landlord, seems like a genuine guy, looks like he has been screwed over as well as Raymie. I know he met with a committee member today to try and get them on board, keep the comps going but to me it looks like a lost cause. He has a new green keeper employed and has managed to get some machinery to maintain the course, as mentioned there will be a 10 euro charge for the course, obviously the course maintenance has to be covered.

RIP

Yes Scubapro, i agree with you that hindsight is a wonderful thing but in the current environment taking anything at face value when your handing over €1.5k is extremely naive without doing your homework or asking somebody who has the revelant knowledge to do so.

I was just trying to highlight that the accounts highlight the financial difficulties of the company and that saying they didn't let us know blah blah blah is naive on your part. They didn't let you know because they probably ascertained that they had a 10% chance of turning things around but they were certain that they had 0% chance if they told the members they were f'ed.

Gambino · 10-05-2012 8:00pm

I think they mean the current Vice Captain - incoming in 2013.

There is a bit of a conspiracy theory industry on the go about those connections but be in no doubt - the reason the club has gone is because 100+ members wouldn't pay their share.

The road thing is about the proposed widening of the N81. One routing (I think the one preferred by the Council) would cut across the 14th and 15th. However there is a long way to go on that and in the current environment I don't see it happening any time soon. I may be wrong but I think the club would have benefited from any compensation.

tonyka · 10-05-2012 8:01pm

is it the committee members of the golf club that are meeting tonight ?
if so, have the board members of the company no more responsibility to the shareholders ? are we leaderless, if so what are our options ?

bustercherry · 10-05-2012 8:08pm

Gambino wrote: »

I think they mean the current Vice Captain - incoming in 2013.

There is a bit of a conspiracy theory industry on the go about those connections but be in no doubt - the reason the club has gone is because 100+ members wouldn't pay their share didn't renew memberships.

The road thing is about the proposed widening of the N81. One routing (I think the one preferred by the Council) would cut across the 14th and 15th. However there is a long way to go on that and in the current environment I don't see it happening any time soon. I may be wrong but I think the club would have benefited from any compensation.

Fixed that for you. It's apparent there are reasons they didn't renew but it's certainly not the fault of them that the club was run so bad.

Alrite Chief · 10-05-2012 8:10pm

Gambino wrote: »

There is a bit of a conspiracy theory industry on the go about those connections but be in no doubt - the reason the club has gone is because 100+ members wouldn't pay their share.

Divide 2 million euro dept by 100 members. This idea that the members not 'doing their bit has wrecked the club' is really pissing me off. Clearly they were unhappy about the club and its running. Clearly the board gave them no encouragement or incentive to pay up. Its the boards fault this has went tits up and they went out on a whimper the cowardly ****ing bastards.

bustercherry · 10-05-2012 8:10pm

Gambino wrote: »

Anybody know another course that is better value at €10?

:rolleyes:

thinned it · 10-05-2012 8:11pm

I think the whole secrecy before the closure will scare a lot of previous members away - once bitten and all that. Absolutely gutted as I loved that course! I personally will be looking for a new club.. the so called summer is upon us and I want to be playing competitive golf asap so will not be hanging around for the "what if's"

I really hope something happens up there and if it does no doubt I will be back! Best of luck to Ramie, I hope he survives this - top man!

bustercherry · 10-05-2012 8:14pm

Gambino wrote: »

I heard the same complaints about the different subs but when I asked what alternative strategy was being proposed, I got no answer. The price difference was a couple of hundred. When a business is in trouble in a tough market it is hardly unreasonable to expect your shareholders and investors to put in that bit extra, while you try to trade and expand your way out of trouble.

I'm not giving up on it just yet. Its a better course than any of the alternatives in the area. If the Kavanaghs can hang on to a decent chunk of the members, market it well and maintain the course in good nick, it could and should be able to operate profitably - assuming the debt burden dies with the old club (and the malcontents who ruined it have left.)

I don't begrudge them €10 a pop to keep it going. After all we pay €7 for competition entry. I'll certainly keep playing my golf there for the time being and I hope others do the same.

400 hundred if the new member come from another club if I remember rightly. That's a fcuking huge difference in this current market.

Alrite Chief · 10-05-2012 8:14pm

Gambino wrote: »

Anybody know another course that is better value at €10?

Outstanding value for any oul joe soap to come in and hack up the course. Not great value for paid up members.

Alrite Chief · 10-05-2012 8:21pm

thinned it wrote: »

I think the whole secrecy before the closure will scare a lot of previous members away - once bitten and all that. Absolutely gutted as I loved that course! I personally will be looking for a new club.. the so called summer is upon us and I want to be playing competitive golf asap so will not be hanging around for the "what if's"

I really hope something happens up there and if it does no doubt I will be back! Best of luck to Ramie, I hope he survives this - top man!

+1 about Raymie. I will miss him. Iv rarely felt as welcome in a pro shop anywhere else even when i was a visitor at SC.

As regards looking to play golf with the season coming up i totally agree. Iv no ties to SC and either do 90% of the membership. Everyone has been burned and something massive needs to happen to regain that kind of trust and atmosphere that existed in the club.

Beach Park, Slade Valley and Castlewarden on high alert. 600 hot leads.

scubapro · 10-05-2012 8:30pm

Redzah wrote: »

Yes Scubapro, i agree with you that hindsight is a wonderful thing but in the current environment taking anything at face value when your handing over €1.5k is extremely naive without doing your homework or asking somebody who has the revelant knowledge to do so.

I was just trying to highlight that the accounts highlight the financial difficulties of the company and that saying they didn't let us know blah blah blah is naive on your part. They didn't let you know because they probably ascertained that they had a 10% chance of turning things around but they were certain that they had 0% chance if they told the members they were f'ed.

Naive...guilty..some of the stories I heard this evening from the assistant pro would indicate to me that very few if any checked the company accounts, were they naive...possibly in hindsight.

I agree of course that they were flying by the seat of their arse taking in subs up until last week on the chance that they might dodge the bullet for the moment but these f..ks knew the game was up.

Thanks anyway for highlighting the financials, appreciate it, just those figures are meaningless to me now.

Might give you a shout when I'm joining a new club:D

thinned it · 10-05-2012 8:32pm

There is a lot of free golf out there if you let them know you are interested in joining and some fabulous courses not too far out that are needing members so don't be hasty!

Totally agree about Ramie & again top man!

Was reply to Alright chief..!

stinkypoo · 10-05-2012 8:50pm

Gambino wrote: »

I think they mean the current Vice Captain - incoming in 2013.

There is a bit of a conspiracy theory industry on the go about those connections but be in no doubt - the reason the club has gone is because 100+ members wouldn't pay their share.

The road thing is about the proposed widening of the N81. One routing (I think the one preferred by the Council) would cut across the 14th and 15th. However there is a long way to go on that and in the current environment I don't see it happening any time soon. I may be wrong but I think the club would have benefited from any compensation.

Has anyone asked why such a huge amount of people didnt pay the sub? It would be normal to expect a handful but 100 seems very large? Dont think I've ever heard of this happening before. It also seems unfair and a bit begrudging for you to blame 100 people who must have had valid reasons and level no blame on those who were at the helm of the sinking ship. Blaming them seems just a tad prejudiced! As the saying goes, there are three sides to every story. Dont be too rash in throwing around accusations like that. Just sayin like!

Pedro D · 10-05-2012 8:51pm

A number of members found themselves unable to afford the subs and offered genuine alternatives to the board. All were rejected and a number of then walked. Their friends at the club then refused to renew because of how the board treated individuals who have supported the club from the outset. The board carried on and told us that all was good but as soon as the april subs were paid they appear to have shut up shop without any egm. It not going to be easy to recover from this

Pedro D · 10-05-2012 8:53pm

Raymie is the kind of guy that could save the day, if he sticks around, people will stay with him

link_2007 · 10-05-2012 8:56pm

Redzah, I mentioned it before but you didn't acknowledge it - you're definitely an auditor!? If I was to put my neck on the line I would say studying for finals or passed them last year?

Dublinvillian · 10-05-2012 8:58pm

I've paid a deposit to them for a society outing , do you think its even worth ringing them about ?

Alrite Chief · 10-05-2012 9:01pm

Dublinvillian wrote: »

I've paid a deposit to them for a society outing , do you think its even worth ringing them about ?

Not a hope. How did you pay? Cash or card?

Redzah · 10-05-2012 9:06pm

link_2007 wrote: »

Redzah, I mentioned it before but you didn't acknowledge it - you're definitely an auditor!? If I was to put my neck on the line I would say studying for finals or passed them last year?

Lol, your doing me a disservice link, finals were complete in 2009

stinkypoo · 10-05-2012 9:09pm

Pedro D wrote: »

A number of members found themselves unable to afford the subs and offered genuine alternatives to the board. All were rejected and a number of then walked. Their friends at the club then refused to renew because of how the board treated individuals who have supported the club from the outset. The board carried on and told us that all was good but as soon as the april subs were paid they appear to have shut up shop without any egm. It not going to be easy to recover from this

In that case, all I can say is the whole thing stinks of something rotten!

South County GC Closed

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