REPORT FROM GOLF BUSINESS NEWS.COM
WENTWORTH SOLD TO BEIJING GROUP
FROM GOLF BUSINESS NEWS.COM
FROM GOLF BUSINESS NEWS.COM
Although there has so far
been no official confirmation, GBN.com understands that Richard Caring,
who purchased The Wentworth Club in 2004 for a figure reportedly around
£130 million, has sold the renowned Surrey club at a substantial profit.
The purchaser is the Reignwood
Group of Beijing, headed by Dr Chan Chai, one of China’s wealthiest
businessmen.
The company owns the Reignwood Centre in downtown Beijing
and the Reignwood Pine Valley golf course situated in Changping, a
40min drive from the capital, and property both in China and
overseas.
Featuring 54 magnificent holes
designed by Jack Nicklaus, Reignwood Pine Valley includes the Reignwood
Polo Club, luxury golf villas, a five-star hotel, health management and
fitness centre, and a private business jet service for members.
Geoff Russell, Publisher
Labels: GOLF NEWS
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