Popular Scots club facing £1.3 MILLION debt crisis

Newmachar

Members of Newmachar GC have been left reeling after discovering that the Aberdeenshire club is facing up to the “worst case” scenario of being £1.3 MILLION in debt by the end of the year.

The club has suffered significant trading losses compounded by a spectacular over-spend on driving range upgrades. Work that had been expected to cost £400,000 ended up amounting to more than £620,000.

The problems facing the club, which opened in 1990, were spelled out at a special general meeting last month, where bosses pledged to do all they can to address them.

• Anger after top Scottish course is vandalised

• R&A rejects House of Lords call for free-to-air Open

“After taking time to assess things since being appointed chairman at the start of October, it has become clear the issues we are facing are much bigger and more diverse than was initially thought,” said committee chairman Gordon Angus.

• Open venue wins Scotland's Best Golf Experience

“However, the good thing is that we now have a clear picture and can work on a way forward.”

He added that is “hopeful” that the club’s finances can be brought back to order  “through a combination of increases in our revenue, primarily in the corporate area, and appropriate cost base initiatives”.

WATCH - HOW TO SHOOT LOWER SCORES

“We are still in discussions with the bank, and have already had some positive conversations with them, as well as suppliers, who have been supportive of our situation,” said Angus.

“What we need to do now is get the club back to a cash positive position, and together we are working towards achieving that.”

• Shane Lowry reveals his next big "goal" 

bunkered.co.uk understands that the club’s previous director of golf resigned just months ago before the full extent of the cash woes emerged, and it is believed that a member stumped up a five-figure sum to pay staff’s wages.

It is also our understanding that a proposal to get every one of the club’s reported 1,200 membership to pay a £200 levy to ease the financial position was roundly rejected. Instead, it is expected that the membership fees will increase by 5% next year.

• New owner pledges to put Scots club back on map

Situated on the outskirts of Aberdeen, just a ten-minute drive from the city’s airport, Newmachar is home to two courses – Hawkshill and Swailend – designed by the acclaimed golf course architect Dave Thomas.

BBC golf commentator Peter Alliss once declared that the Hawkshill was “destined to become one of the top five inland courses in Britain”.

Share this Article

share-logo
twitter-logo facebook-logo

Latest Videos See all videos right arrow

play button
TITLEIST TOUR SPEED – Better than the Pro V1???
Titleist
play button
THE SIMPLE WAY TO HIT A LOB SHOT | GOLF EXPLAINED
Golf Lessons
play button
TaylorMade MG2 TW Grind Wedges – Tiger Woods’ secret short game weapon
TaylorMade
play button
A simple drill for perfect timing | IMG Academy
Golf Lessons
See all videos right arrow

Golf News

New study highlights health benefits of golf for older participants
NEW! THE BUNKERED GOLF PODCAST
Ryder Cup star Tony Finau "being sued for $16million"
The World Handicap System: Everything you need to know
Want to work in golf? This is the website for you...

Other Top Stories

Tiger Woods: Inside his $41million Florida mansion
The very best pubs in St Andrews
The Scottish Golf Course Emoji Quiz!
24 lies every bad golfer tells
Doug Sanders: The extraordinary life of golf's original playboy

Quick Fault 'n' Fixes See all videos right arrow

play button
The correct posture and alignment
Watch
play button
Get the ball in the air
Watch
play button
Move the ball further forward in your stance
Watch
play button
How to keep your swing on plane
Callaway
See all videos right arrow