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Monday, October 24, 2011

Golf Sale Almost Finalized

Owen Sound | by Manny Paiva  

Sale of Owen Sound Golf and Country expected to be finalized tomorrow.

The sale of the 91 year old Owen Sound Golf and Country Club is expected to be finalized tomorrow.

As we told you earlier this month -- BDO Canada Limited announced Kinsale Investments Limited as the successful purchaser of the assets of the Golf Club.

BDO Senior Vice-President Bill Courage tells Bayshore Broadcasting News the transaction was approved in court back on October the 11th.

Courage says the sale is expected to close on Tuesday.

Kinsale Investments Owner Kevin O'Brien has told Bayshore Broadcasting News they plan to leave the historic course as is -- and they do not have plans to alter the design of the Stanley Thomson course.

The 91 year old Owen Sound Golf and Country Club went into receivership in July with 1.1 million dollars owed to the Bank of Montreal.

 

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