Battling golf clubs’ existence hinges on nod to reopen
Managers crunch budget scenarios but are in the dark about when business will resume
Most golf estates largely rely on three sources of income: levies and subscriptions from homeowners and club members; revenues from golf course-related sales such as green fees and golf buggy rentals; and food and beverage revenues.
Due to the continued lockdown, golf clubs remain closed despite plans presented to the government that support the contention that the courses can be opened while adhering to and bettering those protocols already being used by businesses that have been allowed to open. The result of the continued closure is that most of these estates are struggling on two of eight cylinders...