$7,369,000 = Eagle Creek purchase

[stinger]

Thanks to Colby who looked deeper than I did in the Clublink Finance dept.

$7,369,000 is the cost of purchase for Eagle Creek.

[mpare]

It surprises me that this would be public information.

Thanks to Colby who looked deeper than I did in the Clublink Finance dept.

$7,369,000 is the cost of purchase for Eagle Creek.

[jvincent]

Clublink is publicly traded so I'm not surprised.

Significant acquisition costs are pretty much always disclosed in financial statements.

[lms]

http://dplus.clublink.ca/content/ar/...re_report.html



•During 2007, ClubLink purchased Eagle Creek Golf Club, as an operating business, for a total
acquisition cost of $7,369,000.
• During 2007, ClubLink also purchased 100% of the operating business and 49.9% of the land and
buildings at the Islesmere Club de Golf, for a total acquisition cost of $9,094,000.

[mpare]

I had not realized that it was publicly traded. On the other hand, it was not something that I was particularly interested in either. Thanks for the information.

Clublink is publicly traded so I'm not surprised.

Significant acquisition costs are pretty much always disclosed in financial statements.

[Ginker]

I think it was rummored that the previous owner paid around 3 million for it.. Not a bad investment I would say..

[Kilroy]

It was built at a cost of 12 million and went bankrupt. Andre Lacasse was one of the original equity member-investors. He bought it in an overgrown state for 3 and brought it back to condition. He also added all the interlocking brick cart paths. His wife made and cared for the flower gardens and they finished the clubhouse which was just a shell when he bought the course.

He may have made a profit, but he put a LOT into the course. He was on site virtually every hour the course was open.

[beatnik58]

Now if Clublink would just get moving and buy Stonebridge, Camelot and Loch March. Maybe throw in Le Sorcier for a bit of spice.

[mpare]

Perfect. The public golfer would then have no good golf courses to play.

Now if Clublink would just get moving and buy Stonebridge, Camelot and Loch March. Maybe throw in Le Sorcier for a bit of spice.

[Solo II guy]

Stonebridge will likely not be purchased by Clublink. They announced in November during a club meeting that the driving range will be turned into homes at the tail end of the development. And if I remember correctly, no range = no Clublink

[Kilroy]

Haute Plaines does not have a range.

[Marcos]

Dan,Hautes Plaines does have a range right next to the parking lot into the forest.The only difference is you cant see your shot landLOL.

[Kilroy]

My bad.

[Marcos]

I keep all the balls that misbehave during the season and when we play Hautes Plaines we fire them out into the jungle.Bad balls,bad bad balls.

[beatnik58]

When I was University I made a load of cash picking balls at night at the bottom of those nasty gorges at the old Dome. 500 balls was an average take with about half of them umblemished. I used to sell them where I bartended by the bag of 50 balls for 30 bucks.

[fundonny]

That would probably ruin me on clublink for life. Right now I'm indifferent. Take Stonebridge and Sorcier away from me and I might go loco.

Now if Clublink would just get moving and buy Stonebridge, Camelot and Loch March. Maybe throw in Le Sorcier for a bit of spice.

[mberube]

I think it was rummored that the previous owner paid around 3 million for it.. Not a bad investment I would say..

Not that good. CL paid $3M plus $4M for the mortgage. So he got what he paid for at the beginning.

Mike

[mberube]

Haute Plaines does not have a range.

Yes and CL are the ones who took the range away.

A few other CL courses in GTA have no range.

[quinner]

Hautes Plaines had a range at one point. Not sure if it was there when CL bought it, but I believe the range is now #8.

[Marcos]

Yes it was there when they bought it.You are right it was #8 hole.

Hautes Plaines had a range at one point. Not sure if it was there when CL bought it, but I believe the range is now #8.