Frank Jermusek discusses how the wentworth club has sold to the chinese venture capital firm, Reignwood Group.

1. Reignwood Group Buys Iconic Golf Complex
One of golf’s premier destinations and exclusive
clubs has been sold, to the Chinese company
Reignwood. London’s Richard Caring confirmed the
sale of the complex, one that has rich history from
the past. The iconic location was home to the BMW
PGA tournament, and one of the top places for
people to play. The exclusivity of the club posted a
£8,000 fee, and a joining fee of £15,000, making this
an exclusive locale for people to play.
A Strict House of Golf
The Wentworth Club is not just famed for high prices, but rather the interior has given some
of the most experienced golfers a bit of trouble. Aside from the links, it was also known for
the strict rules of etiquette and conduct. With rules such as no leggings, baseball hats, or
tracksuits. With such prestige and honor presented within the complex of this club, it’s easy
to see why the Beijing-based owners would set their eyes on it, it is definitely an icon and a
gem in golf’s storied past.
No Major Changes
Despite the sales, the house of golf will not be changed too much. Representatives from
Reignwood have stated that they will not be changing the course, or deconstructing the area.
Not only that, Caring will remain as a non-executive director, which should put some golf
enthusiast’s minds at ease.
The Chinese company has been developing golf properties and creating opportunities for
investment for quite some time. They are continually purchased and developing courses
across Asia, and this is one big score for them in Europe.
!!

2. London Look Out
Another interesting note from this acquisition, is that Richard Caring was noted as stating the
deal would aloe for a spending spree at West End restaurants. Already owning several A-list
areas, he very well may increase his portfolio now that the sale of The Wentworth Club has
gone through. The sale has been to have been for £135m, which was once described to be
akin to Wimbledon when contrasting the prestige of the golf courses to the tennis
championship.