Historic golf club sold
The historic Leeds Golf Club has been sold to Leeds Golf Club 1896 Limited.
The sale follows a period of difficult trading due to tough economic conditions, and sees all 10 jobs at the club saved.
Dating back to 1896, it is the oldest golf club in Leeds and home to the oldest trophy in professional golf worldwide, the Leeds Cup
Following a period of difficult trading due to tough economic conditions, Leeds Golf Club appointed Begbies Traynor to carry out an accelerated marketing process.
Begbies Traynor completed the sale of the business on 1st July 2020 following an accelerated marketing process. Leeds Golf Club 1896 is owned and operated by Kirk Andrews who has a successful track record in the leisure and hospitality industry.
Lee Lockwood, partner at Begbies Traynor Group, said: “It’s great news for the staff and members that this historic club has been saved and is now in such experienced hands. Fortunately, we were able to find a buyer that intends to invest in the club, enabling golf to continue to be played here after almost 125 years. We wish it well for the future.”
Begbies Traynor was advised by Victoria Procter and Helen Conway of Eversheds and the buyer was advised by David Sparke of Polestar Asset Management as well as Richard Bellamy and Lemi McAuley of Shoosmiths.