The industry is a buzz with discussion about ClubLink’s apparent offers to buy or lease courses in an attempt to expand its growth. Industry insiders have indicated the organization has made offers on the Club at Bond Head, Mystic Golf Club, Rebel Creek and Whistle Bear.
Sources tell me all of the offers have been rejected, with one source saying the offer for Bond Head, which has more than $40 million in costs to date, was far too low. Mystic GC’s (or “Mistake Golf Club” as it is referenced by those in the industry) financial situation has apparently not been rectified, but that doesn’t mean the owner is going to sell at a low price. Whistle Bear is going to attempt going private this year, leaving Rebel Creek with the high-end public market in the Kitchener-Waterloo area.
I wonder why ClubLink would be so interested in the Kitchener market, an area where they have no presence currently? Mystic, on the other hand, makes a lot of sense.
Note: Late last night I received a note from a reliable source saying ClubLink may have acquired Royal Woodbine, though that rumour has been around the block before.