Plans for Jack Nicklaus course

at Stonehaven hit by collapse

of F M Developments

The £40million scheme to have a Jack Nicklaus-designed golf course and a luxury hotel on the 1500 acre Ury Castle Estate near Stonehaven has been struck a hammer blow.
The company behind the ambitious plans - F M Developments - has gone into administration, yet another victim of the Credit Crunch Crisis that is having an increasing effect on the world of golf.
Joint administrator Fraser Gray said: "We're firmly committed to exploring the future options available for the group's developments and, in particular, the ambitious plans for the Ury Estate the its proposed Jack Nickluas signature golf course.
"This development has received strong support from local stakeholders and, with this in mind, we will be assessing the best way forward over the coming weeks.
The directors of FM Developments come from the Forbes and Milne families, two of the wealthiest farming families in Scotland.
The Ury Estate was bought by the FM Group in 2001.
+Jack Nicklaus, pictured above, had made a visit to the Ury site and expressed enthusiasm for the plan.