|y1wleupkre||Date: Wednesday, 2014-02-26, 4:28 AM | Message # 1|
|Fireman sells Willowbend Country Club to developer |
David Southworth, coowner within the company with Joseph Deitch, served as president and chief executive <a href=http://www.plastindia.org/images/homepage/menu.asp?q=490>http://www.plastindia.org/images/homepage/menu.asp?q=490</a> of Fireman's WIllowbend Development from 1992 through 2005.
"I'm happy to own the possible opportunity to acquire Willowbend," Southworth said within the statement. "As somebody was there inside the start of Willowbend, being given the opportunity to dominate the stewardship of your club and community is an activity that's very gratifying. Willowbend is actually the second home for my family and me literally, while sustain a residence and membership there. To give the chance guide this exquisite club community towards the future is one usually value dearly."
Fireman reportedly bought Willowbend with only a government auction for $8.5 million in 1991 after the nearby and uberexclusive Oyster Harbors Club (Osterville) refused to admit Jewish members. The previous Reebok International CEO was the club's sole owner through 2007, as he sold the facility to members after unsuccessfully trying to sell it for $33 million, depending on the Boston Globe. He resumed ownership of one's luxurious 27hole club on Jan. 1, 2011, after members dicated to transfer the club with the membershipequity arrangement straight back to Fireman.
The club has served as host to the Willowbend Children's Charity Pro Am, <a href=http://www.plastindia.org/images/homepage/menu.asp?q=619>http://www.plastindia.org/images/homepage/menu.asp?q=619</a> an occasion with attracted many of golf's biggest stars, including Greg Norman, Gary Player, Tom Watson, Nick Faldo, and John Daly, as reported by a release from Southworth.
Regardless of the luxurious 27hole club's reputation as the millionaire's playground, however, Willowbend has struggled over the sour economy that features affected courses worldwide. During the last four years, the club has lost members and cut fees. In 2009, part paid a $25,000 entry fee down from $150,000 in 2004, Willowbend VP David Wood told us in December 2010.
Membership, which from the height of one's club's success, peaked at about 490 golfers, had shrunk by in '09 to most 300 of Boston's onepercenters, as per Eileen Stirling, who worked in membership and real estate sales for any Mashpee, Mass., facility. The club even went as long as the top to the open its manicured fairways and greens to the paying public.
"We thought it can <a href=http://www.plastindia.org/images/homepage/menu.asp?q=536>ニューバランス NEW BALANCE ML574 NT</a> even be a easy way introduce prospective members towards the club, increase exposure, tell others we have great amenities truly a great place to always be," Stirling told us at that moment. "We're trying something else entirely."
This point, Fireman said troublesome sell was an "emotional" one.
"In the end, it made sense on every level at hand with the reins to David and Joe. With the knowledge that the club and community happen to be in their capable hands made this decision so much easier," he said in the statement. "Now, our grandkids and I will manage to take pleasure in the club as members, and not owners. We're pumped up about the process for quite some time in the future."
Southworth's holdings include Scotland's Machrihanish Dunes and Colonial Green Owners Association's 2012 Span of the age, Renaissance Golf Club in Haverhill, Mass.