New owners in at Wentworth
One of England’s most famous golf clubs, Wentworth, has been sold for £135m, it has been announced.
The historic golf club and its famous West Course which played host to the European Tour’s flagship event – the BMW-sponsored PGA Championship – since 1994, has been bought by company Reignwood Investments.
Wentworth, which also offers two other 18-hole lay-outs in the East and Edinburgh courses, was previously owned by restaurant entrepreneur Richard Caring, but now it appears he had been seeking a buyer for some time.
Caring explained in a statement that he feels the club is “in great hands for the next chapter in its amazing story.”
Chanchai Ruayrungruang, founder of the Chinese-owned Reignwood Group, said: "Wentworth is a key strategic acquisition for our rapidly growing luxury lifestyle division, whose unique culture we are dedicated to preserving."
Wentworth is set in Surrey woodlands 25 miles west of the hustle and bustle of London. It is also the location of the European Tour headquarters.