A WA golf events organiser is chasing the assets of Greg Norman’s failed World Golf Club.
Golf World Group executive director Stephen Allen said his company was keen to secure any assets of the company, especially databases.
World Golf Club was launched in 1996 with Greg Norman as captain. It wanted to sell memberships to golf clubs through the one entity.
In essence, members would receive reciprocal arrangements with several international golf clubs.
Mr Allen said the venture reportedly spent $2.8 million between June 1996 and November 1998 while recouping just $87,000 in that time.
He said his company was also looking to purchase struggling Indonesian golf courses. Mr Allen said there were some very valuable courses in Indo-nesia that were ripe for the taking.
While Indonesia is still in the grips of a financial crisis, he believes a turn around is coming soon and “now is the time to strike”.
Mr Allen has formed a vulture fund with investors from the US and Hong Kong to purchase the struggling clubs.
His company has also been asked to bid for the World Golf Summit Year 2000 by the Malaysian Tourism Promotion board.
It already runs golf exhibitions and conferences around the world, including the China and Hong Kong Golf Exhibition and Conference which is now in its fifth year.
The Malaysian Golf Summit will include a four day conference with more than 100 speakers and an exhibition with more than 600 exhibitors.
It will also have the Golf World CEO Challenge, a competition open to CEOs from publicly listed companies in the region.
