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re: The Oaks is trying to get enough members to go private again..
Posted on 7/8/13 at 7:38 pm to snatchola
Posted on 7/8/13 at 7:38 pm to snatchola
Just a thought but if some willing investor dropped 50-100k things would work much better. They would own most of the shares and have a major input on how things are run.
This post was edited on 7/8/13 at 7:39 pm
3
Posted on 7/8/13 at 7:41 pm to theBeard
I'm curious to know what the bank would settle for
That could be their biggest help in reducing the required number of members or lowering the buyin
That could be their biggest help in reducing the required number of members or lowering the buyin
Posted on 7/8/13 at 7:42 pm to TIGRLEE
Thanks pal
Posted on 7/8/13 at 7:44 pm to theBeard
quote:
Just a thought but if some willing investor dropped 50-100k things would work much better. They would own most of the shares and have a major input on how things are run.
They would be losing out on $27,500+ a month then.
Posted on 7/8/13 at 7:44 pm to theBeard
I have commitments for much more than that, but in my opinion that is not the preferred option. For this thing to work long term, I need 400 people to "buy in" and feel that sense of ownership you need. I feel that if your invested, your much more likely to stay long term and take care of the course.
Posted on 7/8/13 at 7:45 pm to Croacka
Time will tell.
Posted on 7/8/13 at 7:47 pm to Croacka
I think a good settlement would be around 1.5 to 1.7mil.
Posted on 7/8/13 at 7:48 pm to snatchola
If you have people offer to invest that much I would take it and run. You would be crazy not to if saving the club is the main focus.
Key point a big time millionaire in BR told me if you can't be a majority owner it's not worth investing.
Key point a big time millionaire in BR told me if you can't be a majority owner it's not worth investing.
This post was edited on 7/8/13 at 7:52 pm
Posted on 7/8/13 at 7:49 pm to theBeard
That would obviously be a lot easier to overcome right off the bat
They won't need to get to 400 to get out of debt, but without that # of members, I guess they won't cash flow well based on snatch's projections
They won't need to get to 400 to get out of debt, but without that # of members, I guess they won't cash flow well based on snatch's projections
Posted on 7/8/13 at 7:49 pm to BeaverPRO
isnt 6 grand the same as u club?
Posted on 7/8/13 at 7:50 pm to Croacka
quote:
I'm curious to know what the bank would settle for That could be their biggest help in reducing the required number of members or lowering the buyin
If I was spearheading this matter that would be the first thing I negotiated, if possible. Call the Bank and tell them if I can bring X by August 31, 2013, will you guys take it? If they are unwilling to play ball right now, get the commitments and send a final offer around that time and see what happens.
I would assume you guys have some counsel hired to do this. If not, hire someone pronto.
Posted on 7/8/13 at 7:54 pm to redfieldk717
I have no clue
Posted on 7/8/13 at 7:55 pm to BeaverPRO
im pretty sure its 6 g's up front and 350 a month but i doubt that includes unlimited rounds and range balls
Posted on 7/8/13 at 7:57 pm to redfieldk717
And it's not a buy in like this is, it's just an initiation fee
Posted on 7/8/13 at 7:58 pm to Croacka
gotcha, i misread...i hope it works out, i know my mom plays there a good bit when shes not at brcc and she really enjoys the course
Posted on 7/8/13 at 8:03 pm to redfieldk717
Junior Exec is $3500 or $2000+$1000+$1000 and $250/mo
Cart fees are $16
Cart fees are $16
Posted on 7/8/13 at 8:10 pm to snatchola
quote:
We have several commitments as is now.
How many commitments do you have?
Posted on 7/8/13 at 8:20 pm to Golfer
Do you still get taf points for your fee at UC?
Posted on 7/9/13 at 9:13 am to snatchola
Hey BP the PDF of your plan in the email won't pull up, just wanted to let you know that. People that are trying to see your plan won't be able to see it.
This post was edited on 7/9/13 at 9:14 am
Posted on 7/9/13 at 9:18 am to lsugrldej8
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