The 104-year-old club in suburban Minneapolis voted against selling to Concert Golf Partners and will remain self-managed. “Contrary to published reports, Golden Valley Country Club is not bankrupt, nor are we approaching bankruptcy,” said President Drew Fernholz. The club is engaging restoration expert Keith Foster to complete a master-planning project for its A. W. Tillinghast-designed golf course and is also launching a new “Friends and Family” membership initiative.