Pegasus Golf Ltd introduced the liquidation on March 6 in a social media put up, and reassured its members the membership would stay open in the course of the course of.
“The course, clubhouse, and all day-to-day actions proceed as typical, and we’re very a lot trying ahead to seeing you out right here having fun with your golf,” it stated.
“Your presence on the course genuinely helps maintain the membership spirit sturdy throughout this transition.”
It’s understood a number of staff on the membership had been frightened about their jobs.
The membership stated the appointed liquidator, Baker Tilly Staples Rodway, has suggested that present vouchers can’t be issued or redeemed presently.
The Pegasus Golf and Sports activities Membership’s connected resort can also be in liquidation and was put up for mortgagee sale in November final yr. It consisted of 6 hectares of land supposed for an bold $100 million resort improvement.
The membership was supplied on the market by the mortgagee in February.
The property was owned by Auckland businessman Xiangming (Sam) Huo, who bought it in 2018 for $14.8 million.
Canterbury Golf normal supervisor Blair Minton stated the liquidation was “devastating information” for the membership.
It is among the high programs in Canterbury, internet hosting the Membership Automobile Basic occasion on the Charles Tour in October.
The 18-hole, 80-hectare property has additionally hosted a number of main {golfing} occasions, together with Girls European Tour rounds in 2010, 2011 and 2012, the NZPGA match in 2019, and a leg of the Sir Bob Charles Tour in 2020.
“They’re one of many conventional championship commonplace programs. It is devastating information for everybody concerned,” Minton stated.
The membership and resort will probably be supplied on the market by means of tender on April 2 except bought prior by Bayleys Actual Property.
Bayleys nationwide director of motels, tourism and leisure, Wayne Keene, is managing the sale.
Keene informed The Resort Dialog the providing represents a uncommon alternative to amass a freehold championship golf resort with speedy operational scale and long-term improvement upside.
“Freehold championship golf resorts with established operations and clear improvement pathways are exceptionally uncommon.
“Pegasus presents a compelling mixture of earnings, land-hold scale and future flexibility that we count on will resonate strongly with offshore traders.”
The property has hosted various nationwide and worldwide tournaments and is supported by a complete vary of services together with a refurbished clubhouse, driving vary, observe greens, professional store, gymnasium, tennis courts and meals and beverage providing.
The property is on a distinguished web site off Pegasus Boulevard, the township’s major arterial route. The Pegasus and Ravenswood areas proceed to expertise residential and business progress.
