A group of 44 local investors bought the Foley, Ala., club from Textron Financial, providing enough funding to purchase the course outright, as well as buy new maintenance equipment and fund clubhouse and kitchen improvements. The club will offer a new membership option that will include tee-time opportunities throughout the weekend, and after 1 p.m. during the week at a decreased price.
GlenLakes Golf Club in Foley, Ala., is now in the hands of vested shareholders that include residents and club members, the Robertsdale (Ala.) GulfCoastNewsToday reported.
GlenLakes President David Vosloh announced that efforts to purchase the club from Textron Financial Corporation have been underway for about six months, GulfCoastNewsToday reported.
“At midnight on October 16, we’re taking it over,” Vosloh said.
Textron obtained the club five years ago, but a group of 44 local investors joined together to take over the golf course, GulfCoastNewsToday reported.
The investors have provided enough funding to allow for the purchase outright of the course, followed immediately by the purchase of new maintenance equipment and clubhouse and kitchen improvements. An elected, seven-member Board of Directors directs the company, with Vosloh serving as its President, GulfCoastNewsToday reported.
A new General Manager, David Watson, will provide day-to-day management of the course, GulfCoastNewsToday reported.
“David is young, energetic, loves to teach and is looking forward to taking the reins at GlenLakes and moving up in his professional career,” Vosloh said. “The Board has given him the responsibility to hire the team he needs to make GlenLakes great, and he intends to interview every applicant himself over the next few days and make the hiring decisions.”
Watson plans to improve not only the look of the golf course, but also the club’s food-and-beverage department. “He wants to make the food choices so good that outsiders will drive to the clubhouse for a luncheon, and eventually breakfast,” Vosloh said.
That’s not the only change in store under the new Board. A new membership option catered to people who work will include playing opportunities throughout the weekend and after 1 p.m. during the week at a decreased cost, GulfCoastNewsToday reported.
Glenlakes currently has approximately 160 members that play about 35,000 rounds per year, Vosloh said.
Despite the transition, Vosloh pointed out that outstanding players cards and gift certificates will be honored by the new company, GulfCoastNewsToday reported.
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