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Heritage Golf Club - receiver appointed!


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#196 SirTop

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Posted 01 February 2014 - 11:01 AM

How much would running costs be per month for a club like this?

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#197 Fill the Dill

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Posted 01 February 2014 - 11:02 AM

How much would running costs be per month for a club like this?

A lot.



#198 RobNewy

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Posted 01 February 2014 - 11:57 AM

I really hope something good comes out of this as I love playing these 2 courses.

Maybe they need to open up some tee times to Joe Public.
Even 1 hour a day and it would definantly fill.
Maybe they just want it to stay an unviable members only course
http://www.golf.org....icap/3010407059

So Max, if I don't respond to your comments, it's just because I'm ignoring you because I think you're an arsehole

#199 Kiwi

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Posted 01 February 2014 - 05:37 PM

I really hope something good comes out of this as I love playing these 2 courses.

Maybe they need to open up some tee times to Joe Public.
Even 1 hour a day and it would definantly fill.
Maybe they just want it to stay an unviable members only course

Rob

do you think it's way over staffed?


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#200 RobNewy

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Posted 01 February 2014 - 06:17 PM



Rob
do you think it's way over staffed?


Honestly Muzz I dont think so.

There seems to be a lot of groundsmen but it takes a lot to keep the courses looking as good as they do.
Also doing the shuttle run for the 'taxi' carts to Henley would be bloidy time consuming.

For the prestige of The Heritage, you need a lot of staff to cater for the members needs. Maybe its an ego thing, but rich bastards don't like to be kept waiting.

But, from what I have seen, most of the members are bloody good people.
http://www.golf.org....icap/3010407059

So Max, if I don't respond to your comments, it's just because I'm ignoring you because I think you're an arsehole

#201 Kiwi

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Posted 01 February 2014 - 06:23 PM

Honestly Muzz I dont think so.

There seems to be a lot of groundsmen but it takes a lot to keep the courses looking as good as they do.
Also doing the shuttle run for the 'taxi' carts to Henley would be bloidy time consuming.

For the prestige of The Heritage, you need a lot of staff to cater for the members needs. Maybe its an ego thing, but rich bastards don't like to be kept waiting.

But, from what I have seen, most of the members are bloody good people.

all good points man

i just felt a bit outnumbered with the cart thing bizzo going on


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#202 Juggs Judy

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Posted 01 February 2014 - 06:30 PM

They made the mistake of building a conference centre instead of a clubhouse. What they have there now is huge, expensive to staff and maintain and not very good for day to day member use.

 

The courses are good without being great, but that doesn't really matter in the context of the shite that the members once again find themselves in. Nice place to play though.

 

Eastern really should have bought it and moved in, merging with the Heritage membership. The are enough golf courses out there already considering the game is in decline.


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#203 Tigerblood

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Posted 01 February 2014 - 06:42 PM

 
Eastern really should have bought it and moved in, merging with the Heritage membership. The are enough golf courses out there already considering the game is in decline.


Agreed both clubs missed out on a golden opportunity.

The problem though rightly or wrongly is how would you placate the members that sunk $40k into a share just to have Easterm members walk in with no investment at all.

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#204 CaNadiAn MiCk

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Posted 01 February 2014 - 06:58 PM

The $40k is gone now. New owners don't have to carry them over unless they want to. Slate is clean moving forward.
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#205 RobNewy

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Posted 01 February 2014 - 06:59 PM

Agreed both clubs missed out on a golden opportunity.
The problem though rightly or wrongly is how would you placate the members that sunk $40k into a share just to have Easterm members walk in with no investment at all.


You couldnt.

Therein lies the problem.
Bringing money into the club without piddling original members
http://www.golf.org....icap/3010407059

So Max, if I don't respond to your comments, it's just because I'm ignoring you because I think you're an arsehole

#206 Tigerblood

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Posted 01 February 2014 - 07:02 PM

The $40k is gone now. New owners don't have to carry them over unless they want to. Slate is clean moving forward.


If they did that they could soon find 500 plus members walk out.

Im referring to a hypothetical situation where Eastern could move in, I'm not saying the 40k value is there but I think some respect should be paid to current values.
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Hole In One Eastwood 17th 153 mtrs,  27/12/12


#207 RobNewy

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Posted 01 February 2014 - 07:05 PM

The $40k is gone now. New owners don't have to carry them over unless they want to. Slate is clean moving forward.


I think TB is meaning the original members who sunk upwards of 30k to join Melbournes ultimate members only course.

I played with TB one day out there with a guy who had been there since day dot.
Very nice guy, thought we were both members, not just TB.
Do you reckon he wasnt pished about the amount new members were paying, let alone members guests.

But he could see it had to happen for the club to stay afloat
http://www.golf.org....icap/3010407059

So Max, if I don't respond to your comments, it's just because I'm ignoring you because I think you're an arsehole

#208 Tigerblood

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Posted 01 February 2014 - 07:06 PM

Let's say current share Value is worth $5k, maybe Eastern (keeping in mind how cashed up they are) could walk in and say we are not operating a share basis business any more, as a gesture of good faith all current HGGC share holders get two years free subs, or 12 months free subs and a generous pro shop voucher?

Doesn't matter anyway cause there's no turning back now on the new Eastern site

Hole In One Eastwood 17th 153 mtrs,  27/12/12


#209 Juggs Judy

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Posted 01 February 2014 - 07:26 PM

The Heritage members have done their dough. Tough, but that's the way it is. Same as the National members who paid $33k in 2000 and now worth $6k.

 

There are simply too many courses in the eastern suburbs of Melbourne. The market is saturated, the weakest fall first. The demise of Heritage is no surprise at all. Sad, but true.


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#210 CaNadiAn MiCk

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Posted 01 February 2014 - 07:52 PM

I'm just saying it's in the hands of a new owner. Business wise most likely want to keep members to keep business running. BUT a new buyer will not want to carry over any liability if $40k per head or give 2yrs of cash flow. The model moving forward will have to change to be sustainable. Yes heaps of clubs!

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