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A Surrey landmark, the Wentworth Golf Club, is being sold to a Chinese company for 135 million pounds or $221 million. Restaurant entrepreneur Richard Caring sold Wentworth to the Reignwood Group at an $8.1 million premium to what Caring paid for it nearly a decade ago. Mr. Caring said, “Wentworth is to golf what Wimbledon is to tennis.”
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Dr. Chanchai Ruayrunguang said the acquisition adds to the company’s luxury lifestyle division, and says Wentworth has “a unique culture we are dedicated to preserving, ” as the company owns golf operations throughout Asia. In addition, the deal could foster East-West cooperation. Mr. Caring commented that while he was given many offers in his nine years of running Wentworth, “I have always looked for an owner with integrity, a recognition of the iconic nature of Wentworth, an understanding of the special place it holds in so many people’s hearts, ” and an owner who is dedicated on “improving what is already a masterpiece.” Charing added that Wentworth, “is in good hands.”
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