Sports & Recreation

Sign the deal, already

A distressed golf club in Hanover County will likely get a new owner, but the current owners and potential acquirers are having trouble coming to an initial offer. That “asset purchase agreement” will kick off an auction process, and the bankruptcy judge wants one today. Plus, RBS learns what developer Bob Atack may want with the property.

More interest in troubled golf course

A distressed golf club in Hanover County has suitors beyond the members who have offered to pay $2 million for the course – which cost closer to $8 million to build – including a local real estate developer.

Course glut is good for golfers

Private golf clubs across Richmond are rolling out the red carpet for new members, lowering or eliminating initiation fees and discounting food at the clubhouse. Plus, one of the only courses with caddies pays down its debt.

Clock ticks down for Federal Club owners

An unprofitable bent-grass golf course in Hanover County will likely have new owners within 60 days, if the bankruptcy court approves a sale. And it might not be open to public play once enough members join.

Members might bail out Federal Club

A group of members at an upscale golf club in Hanover County has started studying how to buy the club if the current owners/operators can’t rescue the business from bankruptcy protection.