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.

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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.