Tech entrepreneur Anthony Salvaggio is buying the Sugarloaf, Pa., club, which has not been listed for sale. In April, Salvaggio shared plans for the purchase, which included making “dramatic enhancements” to the facilities, but offering no further details or a purchase price.
Valley Country Club members voted overwhelmingly on May 9 to move forward with tech entrepreneur Anthony Salvaggio’s plan for purchasing the Sugarloaf, Pa., club and its assets, the Hazleton, Pa., Standard Speaker reported.
Membership voted 582-48 in favor of the plan. Salvaggio, who has ties to Hazleton, is president and CEO of CAI (Computer Aid), an international IT services and solutions firm. In late April, he shared plans for purchasing the club and making “dramatic enhancements.”
Club President Joseph Zeller III deferred additional comment to attorney Rob Sensky, an attorney who was hired to represent the club throughout the transition, the Standard Speaker reported.
With the vote cast in favor of moving forward, Sensky said that he will work to negotiate a definite asset purchase agreement—which will lead to a signed contract and, eventually, closing. Sensky said the amount of time it takes to complete the entire process typically takes longer than clients would like, the Standard Speaker reported.
“We’ll make sure we protect the interests of the club,” Sensky said. “That does require some attention to detail.”
Zeller said in late April that Salvaggio approached the club—and that it hasn’t been listed for sale. The club is not permanently closing, the president said at the time. The country club dates to 1906, when Hazleton area businessmen formed a corporation to promote “social recreation and the encouragement and stimulation of an interest in cycling, horse riding, driving, golf, tennis and other outdoor sports,” the Standard Speaker reported.
In addition to a golf course designed by A.W. Tillinghast, the club has dining, swimming and tennis facilities, the Standard Speaker reported.