Member-only story
A Private Golf Club, Destroyed by Two Doctors, a Lawyer, and a Vet!
Back in California, it was interesting to hear my fellow club members talk about how great it would be when the MEMBERS finally took over from the developer. But I know better. I have been there before, and it never works out like they think it will.
The only thing worse than a “Developer,” “owner,” or “Management Company” running a private club is a committee comprised of two doctors, a lawyer, and a vet!
How do I know?
Because I have been there and the Committee described above managed to bankrupt the club in just 12 months despite getting it for free, along with a gift of one million in cash!
Naturally, when the club went under, we (the COMMITTEE) sued the developer for who knows what!
At this point, to save time, money, and lawyers’ fees, they gave us (the Committee) another two million in cash to just go away. That lasted just nine months.
Really, I’m not making this up!
Then we went bankrupt again.