Wimbledon land grab shows money talks as golfers accept £63.75m offer

Wimbledon land grab shows money talks as golfers accept £63.75m offer | Kevin Mitchell

The All England Club’s generous offer will be ratified in December as members of Wimbledon Park golf club get ready for windfall of £85,000 each

Wimbledon’s ambitions of trebling its space for the high point of the tennis summer came down to old-fashioned pragmatism and money on Wednesday night as members of the adjoining golf club decided to share equally a £63.75m offer for their precious 73 acres.

After quick discussion Wimbledon Park golf club, across the road from the main gates of its famous neighbour, resolved by more than the required 75% majority to alter its articles of association so it can split the spoils between all 750 members rather than just those who have been there more than 10 years. Smart choice: three years ago it was offered a mere £25m.

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from The Guardian https://ift.tt/2C7Lhhc

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