Hole-in-one for Thetford Golf Club as members elect to buy land from Crown Estate
- Credit: Archant
In an age when many golf clubs are struggling, Thetford Golf Club has landed a hole-in-one by agreeing to buy its land from the Crown Estate.
Club members gave overwhelming support to the move at an extraordinary general meeting on Wednesday and there are hopes the purchase could be concluded by April.
The purchase will cap off an extraordinary turn-around for the club, which just five years ago was struggling to pay its rent and was facing falling membership.
Malcolm Grubb, club manager, said he was thrilled about the decision to move ahead and buy the land.
Mr Grubb said: 'It is going to be an exciting year for the club.
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'We have built up funds over the past couple of years which means we can make a down payment and then it will be a matter of making repayments on borrowing rather than paying rent.
'A number of members have already offered to support the venture and our treasurer, Chris White, is drawing up a debenture offer which has already attracted interest.'
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According to England Golf, one of the country's golf clubs closes down every 12 to 15 days.
But Mr Grubb said the Thetford club had gone from strength to strength after a low point in 2012.
He said the club had then been saved by an agreement to revise the terms of the lease accompanied by a cost-cutting exercise.
Mr Grubb said: 'Membership is back up to near maximum levels, income from visitors is up and all reports suggest the course is in great condition.
'Now the club's committee is considering various options to finance the purchase, including the possibility of offering debentures to members or straightforward loans or mortgages.'
For more information about the club, call Mr Grubb on 01842 752169, email firstname.lastname@example.org or visit www.thetfordgolfclub.co.uk