Popular golf club gets taken over by 400 members
Ganstead Park Golf Club in Hull was put up for sale by the family.
The future of popular Ganstead Park Golf Club in Hull has been secured after it was bought by 400 of its members.
The club, situated in Holderness, had initially been put up for sale by the family that ran it.
The members overwhelmingly decision to take over the club ensures that 12 staff members will keep their jobs.
Director of the club Neal Hammond told Hull Daily Mail: “To be able to acquire Ganstead Park Golf Club for our members is fantastic for the future of this club.
“We’ve always been focused on building a community around the club and believe we’ve built a golf course with a fantastic inclusive and educational atmosphere.
“With other regional courses being bought for land redevelopment in recent years, we’re reassured that Ganstead Park Golf Club can continue to function as a golf course and employer in the hands of our members.”
The members have raised a quarter of the purchase price, with HSBC supporting the takeover with a £525,000 commercial loan.
