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Thread: To be or not the be (a memeber)
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04-21-2005 10:07 AM #31Originally Posted by thothoStrive for perfection, but never expect it!
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04-21-2005 10:30 AM #32"Richard"Guest
how does club links work? I've read the website before but doesnt really make much sense, other than the kanata course, the coruses all seem to be in toronto
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04-21-2005 10:38 AM #33Originally Posted by thotho
There are 4 levels of Clublink clubs. Silver, Gold, Platinum and Prestige. As a member at a certain level, you have full reciprocal play at courses one level higher than you and below. So myself being a member at Greyhawk, I can play all of the Silver, Gold and Platinum level courses at no additional charge. That gives me a selection of 3 clubs here in Ottawa, and 3 others within a 2 hour drive. If I go to Toronto/Muskoka, I can add about 20 more courses to the list. I also have access to Glen Abbey for a very reduced rate.It could be that the purpose of your life is only to serve as a warning to others.
Colby
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04-21-2005 10:44 AM #34
Dont' forget that these are not just your average courses! The quality and condition of tees, green and fairways is always outstanding and the customer service is always friendly and more than accomodating. The best thing for me is always knowing that I won't be dissapointed by poor course conditions, and that's a big plus.
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04-21-2005 10:48 AM #35Originally Posted by Colby[COLOR=green][B]Golf is a game invented by the same people who think music comes out of bagpipes.[/B][/COLOR]
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04-21-2005 11:05 AM #36Originally Posted by el tigreIt could be that the purpose of your life is only to serve as a warning to others.
Colby
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04-21-2005 11:24 AM #37Originally Posted by Colby
Why should you have to pay the price of new car for the "privilege" of then buying a membership every year? To invest $10K or more for this "privilege" (more like $25K in the GTA) basically means you have to make a membership commitment for about 10 years in order for this investment to pay off.
A lot can happen in 5 years, let alone 10 years. I have enough long-term commitments in my life.[COLOR=green][B]Golf is a game invented by the same people who think music comes out of bagpipes.[/B][/COLOR]
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04-21-2005 11:34 AM #38Originally Posted by el tigre
I pay $25.24 a month for 10 years. If I stop being a member three years later I paid only $908 out of $3028.Strive for perfection, but never expect it!
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04-21-2005 11:46 AM #39Originally Posted by el tigreIt could be that the purpose of your life is only to serve as a warning to others.
Colby
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04-21-2005 12:13 PM #40Originally Posted by mberube[COLOR=green][B]Golf is a game invented by the same people who think music comes out of bagpipes.[/B][/COLOR]
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04-21-2005 12:14 PM #41"Richard"Guest
I don't get how this works. What exactly would it cost me? I'm bouncing back and forth between toronto and ottawa.
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04-21-2005 12:14 PM #42Originally Posted by mberube
convincing the wife is a completely different story
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04-21-2005 12:31 PM #43Originally Posted by thotho
There is a lot of info on this forum. Just do a search for Clublink.
To sum it up quickly, you pay
- your entrance fee over 10years (currently 11,500... or 1,150/yr)
- your annual dues every year (around $2500/yr)
- bar tab every year (600/yr)
This allows you to play close to 30 courses free of charge. Access to the range, great conditions, great service...
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04-21-2005 12:34 PM #44Originally Posted by Colby
I understand why initiation fees are charged (I just don't agree with them):
1) Get a long-term membership commitment - if you paid $10K up front, you're going to pay your annual membership every year. You gotta play there for the long-term to make your investment pay off.
2) Get the course built - most golf course owners need investors to build a golf course. Some of that investment money can come from future members in the form of initiation fees. Then you're kinda stuck with that model, since you can't turn around and start letting in new members without charging initiation fees.
3) Exclusivity - if you want to cater to an exclusive and affluent clientele, you put up barriers to entry like high initiation fees to keep out the riff-raff. The fees in Ottawa are much more reasonable than in the GTA, where if you gotta ask then you can't afford it![COLOR=green][B]Golf is a game invented by the same people who think music comes out of bagpipes.[/B][/COLOR]
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04-21-2005 01:02 PM #45Originally Posted by el tigreStrive for perfection, but never expect it!
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04-21-2005 01:10 PM #46Originally Posted by thothoStrive for perfection, but never expect it!
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04-21-2005 01:37 PM #47
Perhaps this question has been asked before, but I'm fairly new here and I apologize in advance. Are the ClubLink initiation fees transferrable pieces of equity in the club, or are they just a fee? I grew up in Toronto and had many friends whose families were members at private ski clubs in Collingwood (Osler, Alpine, Craigleath, etc). The initiation fees were steep $25-50K, but they were also transferrable. This way the clubs would still get the fat intial pieces and the mostly long term commitments, but would also be able to limit the size of the clubs to reasonable levels so there weren't too many people standing in line at the chairlifts. If somebody did sell their membership, I think the club would take a 10-15% fee to do the transfer, so it was still in their interest to do it. One family I knew actually made money on their stake as they sold it for a higher price than they bought it.
If this isn't the case with CL, I think I'd rather plunk down at Royal, Hunt, Rivermeade, etc., where at least it's a partial investment (although maybe it's not transferrable there either), and the courses aren't open to the public. If it's just a fee, I'm with El Tigre.
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04-21-2005 02:46 PM #48Originally Posted by spackler
Except as set out in sections 7.1 and 7.2, and subject to any ClubLink privileges provided pursuant to section 18 which permit transfer of a Membership to another ClubLink club, Memberships are non-transferable. No Member will in any way advertise their Membership for use, sale or transfer.
About 6 years ago the company I worked for was considering a membership at Rattlesnake Point. The initiation fee was $25,000 (this was prior to the course being opened) and they already had over 700 members. So that's a cool $17.5 million before they had even finished building the course. That's a lot of maintenance! I see that the initiation fee is now $70,000. Inflation, I guess.
Compared to other ClubLink courses, Hautes Plaines is a real bargain.
Last edited by el tigre; 04-21-2005 at 02:58 PM.
[COLOR=green][B]Golf is a game invented by the same people who think music comes out of bagpipes.[/B][/COLOR]
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04-21-2005 02:51 PM #49Originally Posted by el tigreStrive for perfection, but never expect it!
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04-21-2005 08:38 PM #50Originally Posted by thotho
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04-21-2005 09:25 PM #51Originally Posted by el tigreIt could be that the purpose of your life is only to serve as a warning to others.
Colby
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04-21-2005 10:06 PM #52
Corporate Golf
Originally Posted by g8r
Most of them are in town or within about 45-50 minutes' drive from downtown. A few are a bit farther away.
I've been a member for about 5 years or so. It's great for me and I get my #1 requested course I'd say about 90% of the time. If you object, however, is to be able to play at Champlain, Gatineau, Chateau Cartier or any course within 2 minutes of downtown, you might not get your first choice all the time. But never once has a day been "sold out" and like I said, I've almost always been able to play where I wanted to.
They don't have a website, to my knowledge. PM me if you want more info, want their phone number or if you want more info from someone who's been in the Corporate Golf system for a long enough time.
Mike
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04-22-2005 08:45 AM #53
- Join Date
- Sep 2003
- Posts
- 38
Originally Posted by spackler
Royal, Hunt, and Rivermead (and Club Link) are all "initiation fee" clubs... I think that Camelot might be the only true equity club in the area.
The advantages of an equity structure are obvious... you can get at least some of your money back if you choose to leave (assuming that someone wants to buy it - in tough economic times you might not get much back) and you can pass it down to your children, friends, etc.
So why are so many private clubs initiation fee based? Because if you plan to be at a club for many years they actually work out better for the members. It costs the same amount of money to run a golf club regardless of the ownership structure (except CL which needs a bit extra for the profit of the company - since most private clubs are run on a non-profit member-owned basis)... and at both kinds of clubs those annual costs are generally supported by annual fees.
But what happens when large maintenance costs arise, as they inevitably will every several years - they need to renovate the clubhouse (or even build a new one), re-build the greens, get new clubhouse furniture, renovate the bunkers, build a new practice range, etc.
At an equity club these costs either have to be factored into a reserve fund that is supported by higher annual fees... or as often happens, a cash call of members. If you need a $1M renovation of the clubhouse and you have 1000 members, each member is sent an extra bill for $1,000.
At an initiation fee based club there is a steady stream of income from new members. If you have 50 new members a year each paying a $25,000 initiation fee that's $1.25M in funds available to fund capital projects and ensure that the clubhouse, practice facilities, and course are all in tip-top shape. Plus this money is indexed for inflation... as the initiation fee tends to go up over the years in line with inflation and/or demand. 15 years after you've payed your initition fee, that sunk cost is (hopefully) long forgotten, but each new member that joins is significantly subsidizing the maintenance of your club.
There are definitely pros and cons for both systems... but also strong reasons why most private clubs - at least in this region - are initiation fee based.
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04-22-2005 08:54 AM #54Originally Posted by redgun22
Initiation fees pay for a lot of the previous improvements that has been done, in the sense that why should you pay the same as a new member, as those who have been members for 20+ years.
Initiation fees also ensure that you have some "skin in the game" so to speak, such that they know you are in for the long haul.
Of course this is all based on supply and demand. If the economy is strong, and the market is not too saturated, then they can charge them, and people will pay them. When times are a little tighter, these fees get more relaxed, decrease, get spread over time, etc.
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04-22-2005 09:58 AM #55
- Join Date
- Jul 2001
- Posts
- 38
Originally Posted by mberube
I'm confused. How can you only pay $24.00 per month for 10 years for a clublink membership initiation? I thought, say for instance Kanata is 22,000. Is 22K a corporate rate, and are you referring to a personal rate? I've probably missed something in this thread and sound out to lunch, but Just wondering. Something I've missed on their site?
I'd pay 3000 initiation for the previledge to play those courses in a heartbeat!!!gronker
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04-22-2005 10:07 AM #56Originally Posted by gronker
If you were to join Kanata today you would pay $22500 X $3375 taxes / 120 months = $215.62 per month for initiation. You could join Hautes plaines for 6500$ or Grayhawk for $11500.Strive for perfection, but never expect it!
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04-22-2005 10:33 AM #57
- Join Date
- Jul 2001
- Posts
- 38
Ah yes, it is all clear to me now. I'm right in Kanata, so that would be my course. Now how can I raise the 22K...Hmm....OK, I'm dreaming. Just can't justify that at this point in my life...
Thanks,
Troygronker
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05-16-2005 02:32 PM #58
- Join Date
- Mar 2003
- Location
- Kanata
- Posts
- 15
I could not agree more
Originally Posted by eye2's
I'm not sure if I'll be good enough this year to really compete in club tournaments, but I will most certainly enjoy trying to get there. I can definitely see this being a regular thing.
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05-17-2005 07:52 AM #59Originally Posted by thotho
just my views
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05-18-2005 10:42 PM #60BarnieGuest
Half the fun of golf is playing with your longtime buddies.. Personally it wouldn't be the same playing by myself or with people I just meet at the course.. A friend of mine joined the Royal Ottawa this year, amazing course and he loves it but he's missing hitting it up with us every weekend. He's even debating giving it up next year, although Royal Ottawa is a hard one to give up I'd join Corporate Golf next year if I were you Thotho.. Then you can still play with your friends...
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