Foreclosure is a matter of public record. Respect (my take from some on here is do not discuss in public) is not an issue here, or is the sort of thing that its okay to talk about in hushed tones while drinking scotch and smoking a cigar? Honestly, folks on this site do get carried away at times.
Ciao
Agreed. All this talk of "respect," etc. is ridiculous. It isn't like anybody died.
Why does Ballyneal "deserve" any different treatment around here than any of the other courses that have had financial issues that we've discussed. Hell, Mike Whitaker posted Musgrove Mill's operating costs a while ago and nobody said boo to him.
It is sad to see Ballyneal struggling but lets keep a little bit of perspective here.
I know zero about the Ballyneal situation. Zero. But I do know how business negotiations work. Let's assume for the sake of argument, that the debt-holder isn't that sophisticated and doesn't know that much about golf club economics. Yet they check into this site and get the impression that they are about to become the prized owner of the piece of dirt that holds the earth together. Moreoever, there are wannanbe Big-Arse Petes posting here that are apparently willing and able to step in and pay top dollar for the greatest golf course in the world. Isn't it plausible that they might assume the best tactic is to sit around and do nothing, knowing that Jim Dandy will come to the rescue and pay top dollar? In that scenario, what happens to the golf course in the meantime?
I think everyones need to take a morning sip of shut-the-hell-up. There's a big difference between the economic value and intrinsic value of Ballyneal.
If Ran can delete the Penn State thread, I don't know why he won't delete this one.
Ran, pull the trigger.
Bogey