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Emile Bonfiglio

  • Karma: +0/-0
Nicklaus Made $28M in 2011, Really?
« on: January 05, 2012, 02:02:45 PM »
I was looking at GD and they said that Jack make just under $29M last year and that much of that was from his design business. Was there that much work to generate that much income?

http://www.golfdigest.com/golf-tours-news/2012-02/top-earners#slide=4
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Anthony Butler

  • Karma: +0/-0
Re: Nicklaus Made $28M in 2011, Really?
« Reply #1 on: January 05, 2012, 02:30:20 PM »
They pay MSRP in China...
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Mike Nuzzo

  • Karma: +0/-0
Re: Nicklaus Made $28M in 2011, Really?
« Reply #2 on: January 05, 2012, 02:53:36 PM »
Much may not equal more than 50% - which still seems like a lot, unless they routed a ton of courses last year

I'm guessing...
His design business also would include consultation to all his existing courses - design and agronomic

Didn't they sell the business, or 1/2 the business for a big sum?
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Anthony Butler

  • Karma: +0/-0
Re: Nicklaus Made $28M in 2011, Really?
« Reply #3 on: January 05, 2012, 03:13:29 PM »
Much may not equal more than 50% - which still seems like a lot, unless they routed a ton of courses last year

I'm guessing...
His design business also would include consultation to all his existing courses - design and agronomic

Didn't they sell the business, or 1/2 the business for a big sum?

Does his company handle course building anymore? I recall that his course building unit Paragon (?) bankrupted his public company (Golden Bear) in the late 90s.

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Kevin_Reilly

  • Karma: +0/-0
Re: Nicklaus Made $28M in 2011, Really?
« Reply #4 on: January 05, 2012, 04:36:14 PM »
Didn't they sell the business, or 1/2 the business for a big sum?

Yes, Howard Milstein bought somewhere between 40-50% of the design and equipment business for about $150 million back in 2007.

The equipment business has, of course, also gone poorly.  Nicklaus Golf shut down its US operations recently.
"GOLF COURSES SHOULD BE ENJOYED RATHER THAN RATED" - Tom Watson

Wade Whitehead

  • Karma: +0/-0
Re: Nicklaus Made $28M in 2011, Really?
« Reply #5 on: January 05, 2012, 05:45:36 PM »
What does Mr. Nicklaus command for a private outing?  A lot, I'm sure.

They add up and aren't known outside the lucky few.

WW