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Gareth Williams

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Greg Norman buys Valderrama for 35M Euro's
« on: October 29, 2010, 11:50:19 AM »
Assume this might have been discussed/mentioned already (did a search and couldn't see anything though..)

http://www.costa-news.com/index.php?option=com_content&task=view&id=6093&Itemid=122

http://www.typicallyspanish.com/news/publish/article_27340.shtml

Should bode well for the future and perhaps get another top flight event on this course.

Brian_Ewen

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #1 on: October 29, 2010, 12:24:21 PM »
Should bode well for the future and perhaps get another top flight event on this course.

You mean apart this week ?

PCCraig

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #2 on: October 29, 2010, 01:08:36 PM »
That's a big chunk of change...but I'm assuming it includes alot of real estate? Otherwise 35MM Euro (~$42MM US?) for an existing club is pricey.

Not sure why it would allow for any more major events though.
H.P.S.

Martin Toal

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #3 on: October 29, 2010, 01:13:15 PM »
Valderrama has slipped rather in the golfing public's consciousness, and this week's event is not really that exciting, more like the Fall Finish than the FedEx Cup, if you ask me. Maybe Greg will help attract something bigger back.

Thomas McQuillan

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #4 on: October 29, 2010, 02:36:58 PM »
That's a big chunk of change...but I'm assuming it includes alot of real estate? Otherwise 35MM Euro (~$42MM US?) for an existing club is pricey.

Not sure why it would allow for any more major events though.

I think spain is after another ryder cup and it is going to the continent four years after gleneagles so i cant really see where else it willl go

Tom_Doak

  • Karma: +2/-1
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #5 on: October 29, 2010, 02:39:41 PM »
Damn, I can't believe my bid fell short.

David_Tepper

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #6 on: October 29, 2010, 03:32:02 PM »
"I think spain is after another ryder cup and it is going to the continent four years after gleneagles so i cant really see where else it willl go"

Thomas McQuillan -

There is a major push from Spain to hold the 2018 Ryder Cup in Madrid. Fellow GCA-er Robin Hiseman is designing a new course to be built with the intent of hosting the event.

DT

Adam Lawrence

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #7 on: October 29, 2010, 04:12:55 PM »
This story has been doing the rounds for several weeks - I covered it earlier in the month. The transactions hasn't closed yet, I don't think, or if it has it hasn't surfaced, and I've not been able to get to the bottom of why the Patinos are selling. The other complication is what, if anything, is happening in respect of the new course that is supposed to be built over the hillside at Castellar de la Frontera. We shall see.
Adam Lawrence

Editor, Golf Course Architecture
www.golfcoursearchitecture.net

Principal, Oxford Golf Consulting
www.oxfordgolfconsulting.com

Author, 'More Enduring Than Brass: a biography of Harry Colt' (forthcoming).

Short words are best, and the old words, when short, are the best of all.

Brian_Ewen

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #8 on: October 29, 2010, 05:21:25 PM »
Valderrama has slipped rather in the golfing public's consciousness, and this week's event is not really that exciting, more like the Fall Finish than the FedEx Cup

Wow, I dont know what surprises me more :

A tournament that decides who is the No.1 golfer in the World is not that exciting to you ?

Or

You think the FedEx Cup is (has) been better than the Fall finish ?

 ???


Gareth Williams

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #9 on: October 30, 2010, 11:05:39 AM »
Should bode well for the future and perhaps get another top flight event on this course.

You mean apart this week ?


Sure Brian.

Would be nice to see a world class field/event at this course. This weeks tournament isn't quite one from the top drawer.

Niall C

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #10 on: October 30, 2010, 12:30:06 PM »
Interesting, first I've heard of this. I'm sure the numbers would need to work for GN to make him shell out the money but I do wonder what he has in store for it. What will GN the designer do with someone elses design ? Could he resist touching it even if it didn't make sense to make some tweaks ?

Niall

Alfonso Erhardt

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #11 on: October 30, 2010, 01:01:03 PM »
As far as I know, sale just covers the golf course, no Real Estate attached. Both courses included, the existing one and the Castellar project.

People over here (Spain) have mentioned that the reason for the sale is that the current owners have had some bad real estate investments and need to sell out.

The price does seem quite steep, especially if you take into account that the current membership has a 40+ year lease agreement on the property and therefore not much leeway exists to operate it.

Tiger_Bernhardt

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #12 on: October 30, 2010, 01:36:45 PM »
What hotels/real estate comes with this? It is not just pricey, it is stupid expensive. I have not known Norman to be stupid with anything but other peoples money.

Alfonso Erhardt

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #13 on: October 30, 2010, 02:29:13 PM »
Tiger,

It comes with nothing. Ownership of Valderrama golf course + permits for an additional course some 15min away from Valderrama.

That's it.


Brian_Ewen

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #14 on: October 30, 2010, 03:34:11 PM »
Could he resist touching it even if it didn't make sense to make some tweaks ?

Niall
You think Valderrama doesnt need tweaking ?

(Not that I think that Mr. Norman is the person to do it !)
« Last Edit: October 30, 2010, 04:50:36 PM by Brian_Ewen »

cary lichtenstein

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #15 on: October 30, 2010, 04:45:01 PM »
Heck, his divorse cost him more, wonder if this will be better.?
Live Jupiter, Fl, was  4 handicap, played top 100 US, top 75 World. Great memories, no longer play, 4 back surgeries. I don't miss a lot of things about golf, life is simpler with out it. I miss my 60 degree wedge shots, don't miss nasty weather, icing, back spasms. Last course I played was Augusta

cary lichtenstein

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #16 on: October 30, 2010, 04:45:25 PM »
Heck, his divorse cost him more, wonder if this will be better.?
Live Jupiter, Fl, was  4 handicap, played top 100 US, top 75 World. Great memories, no longer play, 4 back surgeries. I don't miss a lot of things about golf, life is simpler with out it. I miss my 60 degree wedge shots, don't miss nasty weather, icing, back spasms. Last course I played was Augusta

Gary Slatter

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #17 on: October 30, 2010, 05:55:05 PM »
Is there a better test for professional golf on the continent?   I can see Greg's companies trading some greenbacks for Euros asap.
Gary Slatter
gary.slatter@raffles.com

Niall C

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #18 on: October 31, 2010, 10:39:11 AM »
Could he resist touching it even if it didn't make sense to make some tweaks ?

Niall
You think Valderrama doesnt need tweaking ?

(Not that I think that Mr. Norman is the person to do it !)

Brian

Only played it once and thought some of the par 4's were wonderful, the par 3's were good/strong but maybe not that imaginative. The par 5's however I thought let the course down. 3 out of 4 were worse than poor including the infamous 17th, so yes I think it needs attention. I was just wondering if Norman would be tempted to chuck out the good with the bad and redo the whole lot.

Niall

Brian_Ewen

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #19 on: October 31, 2010, 10:45:42 AM »
I read 'oor local loons' (Paul Lawrie) diary, and he is NEVER critical of the courses that he plays .

This week speaking on Valderrama he says this :

The course is in fantastic condition but it is still the most frustrating course in the world to play as trees over hang fairways and greens.   You have to hit it in a certain position on pretty much every hole...which is a challenge.
« Last Edit: October 31, 2010, 11:23:14 AM by Brian_Ewen »

Jonathan Davison

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #20 on: October 31, 2010, 11:19:43 AM »
I am sure Kyle Philips was tweaking the course ????

Anthony Gray

Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #21 on: October 31, 2010, 12:21:04 PM »


  Greg Norman built my home course and everthing he touches turns to gold,so expectValderrama to become more popular.

  Anthony


Steve Okula

  • Karma: +0/-0
Re: Greg Norman buys Valderrama for 35M Euro's
« Reply #22 on: October 31, 2010, 03:48:41 PM »
No architect could look at that terrain and not think he could improve it.

Look for the Norman design team to blow it up and start over.
The small wheel turns by the fire and rod,
the big wheel turns by the grace of God.

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