A slice of an exclusive Greg Norman golf course on the Mornington Peninsula is up for grabs.
With a board made up of big end of town luminaries – it will cost you at least $12,000 to get on board with a share.
Owning a share is the way to get access as a member to the exclusive golfers paradise.
And that is before annual membership fees.
It is Australia’s largest private golf club and the Moonah course was designed by “Greg Norman Golf Design”.
The Gunnamatta course was recently reopened after being redesigned by famed golf-course architect Tom Doak.
These courses are where the business set relax over the break, talk about the deals that could have been and the deals that are coming.
But as we understand it, the discussions this summer has been about deals concerning the club itself.
The club is offering 92 “C class” shares to new investors who want to own a piece of this very Victorian paradise.
The move is aimed at strengthening already healthy finances to fund future developments, but also to replenish numbers after some natural attrition.
Directors of The National Golf Club Holdings Limited include former AFL operations manager Adrian Anderson and Cats president and Lendlease director Colin Carter.
Peter W Jonson – who held various positions at Crown Limited, Fosters and Hudson Conway – is also there. The chairman is former Shell executive Michael J Holloway.
So what does it cost to own a slice of one of The Mornington Peninsula’s most exclusive golf clubs?
The club intends to raise $1.1 million from the raising. Those who sign up before January 31 will fork out $12,000 per share. The price after this date goes up to $13,000.
About 60 of the shares have sold thus far.
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