Published On: Thu, Sep 18th, 2014

Wentworth, ‘The Wimbeldon of Golf’ Sold to Chinese Company

Wentworth+Golf+Course

 

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.”

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.”

The 58th London Evening Standard Theatre Awards In Association With Burberry - Drinks Reception

 

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