Why is it that with all of the partnerships between clubs and developers that have occurred in clubland that you don’t hear of developers getting involved in club operations? One sure reason is because developers know they don’t have the experience and it would be a significant risk for them. For the same reason, clubs sh … Read more "Best practice in club property development"
In most cases land earmarked for sale by clubs is more valuable for its contribution to the development potential of the main club site than the value received when the land is sold separately. We recently advised a club that had sold land a few years ago to stave off financial pressure. By the time we met the board nearly $2 … Read more "Club land sales – the short term fix that costs clubs millions"
Walking into their brand new club for the first time is a great experience for the club’s members. Doing it knowing there is ample cash in the bank supported by diversified revenue streams is even better. But how do you achieve the holy grail of club development without incurring huge risks? We’ll get to the answer in a m … Read more "It’s possible! A low risk path to a new club, cash in the bank and diversified revenue"
Many clubs these days find themselves in difficult circumstances with financial problems, declining membership and ageing premises. When a developer approaches a club in this position it can seem like a good way out of a bad situation. Unfortunately, this often isn’t the case. At worst, some clubs have failed because they h … Read more "Club property development: maximise rewards and minimise risk"