

I fear 2020 will be a car crash for golf clubs but this was an accident waiting to happen and sadly for many, this wake-up call will have come too late.Gill's Exposition of the Entire BibleThen said the Lord unto me, thou hast well seen. They need to be more creative in the subscription packages they are offering and they have to start controlling costs.Ī further challenge is the online disruptors but I will leave that discussion for another day. Golf clubs need to adapt and take a more business-like approach to the running and finances of the club. The Coronavirus crisis is merely going to accelerate matters with 2020 likely to see many clubs going to the wall. The top clubs will undoubtedly survive and will continue to evolve slowly however, the vast majority of clubs are going to struggle and many will fail. Young men are deciding that golf club membership is not a ‘must have’ and instead choose to be nomadic in their playing habits.Īdd into this the high cost bases that have been created by pay increases out of line with the general wage market and reduced cost control and black holes are starting to appear in the cash flows. Poorly managed capital projects that go sailing over budgetįor some time, clubs have been slowly waking up to the fact that the golf landscape is changing and there is no longer an unlimited supply of golfers willing to pay what they decide is the going rate.The new catering contract that has resulted in higher prices for the food and still the club is losing money on food and drink.The greenkeeper who is over the hill and the course is suffering.The club steward who everybody hates but has been there for five years now and nobody seems keen to decide to get rid of him.Up and down the land golfers are shelling out ever-increasing sums each year and spending the next year despairing over issues such as: They have forgotten how expensive it is to raise a family or to pay the mortgage on that overpriced home. My golf subscription has increased by 30% in the last seven years in a post-financial crisis world where average earnings only grew by some 5%.Īs hard-working and worthy they are, many of those running clubs have become detached from the realities of the world. Sadly, to most of those running golf clubs, the members are purely cash cows whose duty it is to stump up, without question, whatever is required to balance the books.

No mention of deferral schemes or hardship funds just pay up, or you risk the future of the club.

