Wentworth Golf Club has been acquired by Thailand-based Reignwood Investments for GBP135 million.
The takeover is part of Reignwood’s growing luxury profile and an international expansion focused on Europe.
Dr. Chanchai Ruayrungruang, founder of Reignwood Group said: “Reignwood has a long history in golf development, a profound respect for excellence in every form and deep interest in East-West cooperation.
As a world famous golf institution, Wentworth is a key strategic acquisition for our rapidly growing luxury lifestyle division, whose unique culture we are dedicated to preserving and whose exceptional expertise will inform our golf operations across Asia.”
Richard Caring, who currently owns the property under WG Acquisition said: “In the nine years that I have owned Wentworth, I have received a multitude of offers to purchase the club.
However, I have always looked for an owner with integrity, a recognition of the iconic nature of Wentworth, an understanding of the special place it keeps in so many people’s hearts, an owner who wants to develop the club ever further, improving on what is already a masterpiece, someone with knowledge and experience of the sport and with premium quality international connections and last but not least long-term vision. In Dr Chanchai and his team at Reignwood, I feel confident that this has been achieved.”
Caring will stay at the club as a non-executive director.
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