The Pellucid Perspective - January 2017 - 10


GOLF FINANCE

the bank or the members difficult to count on. A
Board member who is a CFO in his day job called us,
and a few months later the club is debt-free, dues were
lowered by 10-15%, and the new outdoor dining, fitness center and paddle tennis courts are already being
planned and funded by us. Members who left the club
in recent years are calling to re-join, and soon the club
will be thriving again like it was a decade ago.
We operate clubs for profit, just like your favorite
hotels and restaurants do. Our investors expect a 5-7%
return annually, which we consistently provide.  But in
a deep recession, or a bad weather year, they might
get zero.  And that's a crucial difference from the bank
loans most clubs have - if you miss a bank payment,
you could lose the club.
This is not rocket science. Most member-owned
clubs need capital, to fund new improvements, to pay
off their bank loan, and deal with old refund programs.
Banks are not providing these funds anymore. Members are tired of assessments. And there is $500 million of equity capital ready to be invested in your club,
with the added bonus of professional help for the club
staff. It makes good sense to explore such an investment, to preserve and enhance your club for the long
term.
n

10 The Pellucid Perspective

"Most club industry
professionals are simply
unaware that so much equity
capital is available."

January 2017


https://www.ezlinksgolf.com https://www.ezlinksgolf.com

Table of Contents for the Digital Edition of The Pellucid Perspective - January 2017

TOC
Rounds stabilize, but seniors playing a bigger role
The industry convenes in Orlando
Pellucid/Edgehill weather services update
$500 million of equity capital available to private clubs
New pace of play technology tracks walkers too
Golf weather impact: December disappointment! November utilization encouraging
For Dallas golf, the big “D” is demand
More match play, more gambling = participation problem solved
The Pellucid Perspective - January 2017 - TOC
The Pellucid Perspective - January 2017 - Rounds stabilize, but seniors playing a bigger role
The Pellucid Perspective - January 2017 - 3
The Pellucid Perspective - January 2017 - 4
The Pellucid Perspective - January 2017 - The industry convenes in Orlando
The Pellucid Perspective - January 2017 - Pellucid/Edgehill weather services update
The Pellucid Perspective - January 2017 - 7
The Pellucid Perspective - January 2017 - $500 million of equity capital available to private clubs
The Pellucid Perspective - January 2017 - 9
The Pellucid Perspective - January 2017 - 10
The Pellucid Perspective - January 2017 - New pace of play technology tracks walkers too
The Pellucid Perspective - January 2017 - Golf weather impact: December disappointment! November utilization encouraging
The Pellucid Perspective - January 2017 - 13
The Pellucid Perspective - January 2017 - 14
The Pellucid Perspective - January 2017 - For Dallas golf, the big “D” is demand
The Pellucid Perspective - January 2017 - 16
The Pellucid Perspective - January 2017 - More match play, more gambling = participation problem solved
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