American Golf ‘up for grabs for £80m’

AMERICAN Golf Discount, the Warrington specialist retail chain, has been put up for sale with an £80m price tag, according to reports.

Currently owned by private equity house LDC’s Birmingham office, management and Royal Bank of Scotland, American Golf has emerged out of the rough in the last 18 months.

Turnover this year, after the acquisition of Online Golf in 2010, will be around
£90m.

The Independent newspaper said LDC was working with corporate financiers from Rothschild and Deloitte about a sale process for the 83-store chain. The newspaper said the discussions were at an early stage.

Store openings in the south and further online growth have boosted the group’s sales, which could hit around £100m in the next financial year.