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re: Future of Le Triomphe

Posted on 4/2/24 at 8:58 am to
Posted by Poppy201
Member since Dec 2023
113 posts
Posted on 4/2/24 at 8:58 am to
Mike was putting roughly 150,000 a month to break even for monthly expenses for the last 4-5 yrs. Last yr. he placed course in His foundation which was making those payments. Upon his death his daughter is going to see what those payments amounted too and will be very unhappy. Since she nor Mikes son have an interest in playing golf or running a golf course she will be the person to demand an asset sale within months. Distressed golf courses don't get top value in the Golf Club market these days...time to move is now....
Posted by BigApple
Member since Jun 2022
449 posts
Posted on 4/2/24 at 9:15 am to
Right and it appears pretty easy to get a large number of “new members” once you make it a better atmosphere there. I would think without much effort you could fill the gap that the previous owner was paying every month. In reality within a year you could triple or even quadruple current membership levels.
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