The bridge at Firestone CC will be dedicated to Arnold Palmer before the start of the World Golf Championships-Bridgestone Invitational. During the World Golf Championships-Bridgestone Invitational next month, Firestone Country Club (Akron) will pay tribute to golf legend, Arnold Palmer, who died in September at the age of 87, by naming the stone bridge on […]
Through the all-stock deal with the private-equity firm, which is expected to close in the fourth quarter of this year, shareholders will receive $17.12 per share in cash, a premium of about 30.7% over the management firm’s closing stock price on July 7. “With the support of the Apollo funds, we are confident that ClubCorp will be able to continue building on its success,” said Chairman John Beckert.
Notable shifts in one of the industry’s key markets, Scottsdale, Ariz., reflect how club and resort properties must respond to new trends in golf, recreation and leisure.
The event brought an estimated 50,000 visitors to the Ohio city, and many area clubs and courses took steps in advance to try to attract everyone from delegates to private pilots with special promotions and rates. But so far, most properties report, it’s been a pretty typical summer week.
The honor from the National Golf Course Owners Association was bestowed in recognition of the Georgia property’s “long reputation of excellence.”
Members of the 73-year-old Lansing (Ill.) Country Club, where the flamboyant pro golfer and three others were killed in 1966, have decided to seek a buyer, citing declining membership and a dwindling interest in golf. But the club does not expect a sale to go through for a few years, and plans to continue to host weddings and special events for the indefinite future.