Seen that? – Private Membership: Is It Worth It?
Private Membership: Is It Worth It? Eagle Par Birdie
Courtesy: Thornhill Golf and Country club Do you play golf at a public course or are you a member at a private club? Are there advantages to private membership that make the high costs worthwhile? Or are the vast number of public courses the best way to go? Private memberships offer a number of attractive aspects: ongoing fellowship with other members, club championships, good tee times, social functions. These are the usual benefits of [...] Read More
The Mother of Invention Eagle Par Birdie
Courtesy: Thornhill Golf and Country club There's a private club in Toronto that has launched an innovative program. The club's general manager calls it a "win-win" situation. But, first, some background to put this article in context. A corporation called ClubLink exists in Canada whose purpose is to provide memberships in a pool of 36 different high-end private courses in Ontario and Quebec. The company began in 1993 and has grown into the [...] Read More
Private Clubs: An Endangered Species? Eagle Par Birdie
Courtesy: Thornhill Country club, Toronto Think of private golf clubs and you tend to think of parking lots filled with high end automobiles like BMW, Mercedes, Lexus and so on and wealthy members driving past in custom made golf carts. That can be true. But it doesn't mean that every private golf club is rolling in dough because its members are wealthy. Certainly, some private courses are fine financially. But the majority need [...] Read More
Readers Digest: another private equity failure Sox First
Another example of a private equity screw-up. Readers Digest, the media outlet that started in 1922 and made its name publishing condensed novels and edited articles from other magazines has filed for Chapter 11 bankruptcy protection. The latest bone-headed plan is to convert $1.6 billion worth of debt into equity. How feasible is that when the magazine's readership is dying off and young people are refusing to subscribe?That's a big [...] Read More
Golf clubs, country clubs and CEO pay Sox First
The rich, as F Scott Fitzgerald said, are different from you and me.Just how different is revealed in a paper by Florida State University's James Ang, Mississippi State University's Gregory Nagel and Jun Yang from Indiana University.Basically, they find evidence that how much the CEO gets paid depends very much on his social circles. CEOs attend various social functions, they meet up at exclusive golf clubs and country clubs and [...] Read More
The only benefit I have found with private members clubs is the fact that its usually easier to get the tee time that you want, especially more so recently