I was home at the weekend and saw in the local Donegal News that Narin & Portnoo is now closed
DONEGAL NEWS, FRIDAY 9TH FEBRUARYFAMOUS GOLF CLUB NOW CLOSEDBY CONOR SHARKEYThe shutters have been pulled on one of Donegal's top golf clubs following what has been described as "a row over money".
Narin & Portnoo GC ceased operations this week after negotiations with the new owner, Ballyshannon-born business man Liam McDevitt, broke down.
Mr McDevitt who now lives in Conneticut, rescued the golf club from the brink of closure by purchasing its debt book from vulture fund Cerberus. It is understood he agreed to "forgive" a €1.7 million debt and provide a licence agreement to guarantee the future of the club.But issues later arose over three holes of the world renowned course that the club leases from a local landowner.
Efforts to resolve the issue have proved fruitless and as a result the club has now been shut down.
Seamus McDonagh is a member of Narin and Portnoo Golf Club. He told the Donegal News yesterday it was unfortunate that things had escalated as far as they have.
"As an ordinary member, I don't understand how it has come to this," Mr McDonagh said.
"The club has a lot of bookings for 2018 and people from all over America and Europe will have been planning to come and play here. With the situation the way it is, they have to be saying, let's not take the chance."
Mr McDonagh said that in light of the discord, "not a penny" in membership fees had been drawn in for the year ahead. As a result, the club has run out of cash.
Mr McDonagh added that the situation involving the new owner was "about money."
He said that as far as he was aware there were no negotiations taking place at the moment to try and resolve the impasse.
"The landowner is getting part of the blame but there is a deal in place. It is what the new owner wants to add to the deal that is the problem. I do think there is a bit of blame on both sides."
"It is sad that it has come to this because most members just want to play golf," Mr McDonagh said.
The Donegal News did contact Liam McDevitt but at the time of going to press yesterday no response had been received.
Here's a link from 8 February:
https://www.irishnews.com/news/2018/02/07/news/one-of-donegal-s-best-known-golf-courses-to-close-amid-problems-with-proposed-takeover-1250760/