The Golf Course magazine has launched an on-line version of its magazine. WorldGolf.com quotes editor Trevor Ledger: "While there is still room for traditional printed media, we have received a lot of feedback requesting an online magazine.
"From here on in we will be sending out an email newsletter every fortnight (two weeks) with news snippets and stories from across the golf industry; the new Website has now gone live and the full content will be available on there as a free subscription."
While perusing The Golf Course site I picked up on a topic that really is buzzing in turf industry circles.
Sharpes Leisure has called in the administrators; this is not really a surprise in today's financial climate but what makes this story so fascinating, is the company was formed from the remains of industry giant Seoul Nassau UK Ltd who went bust about a year ago with reputed debts of £34 million.
Trevor Ledger speculates that the company, which ironically and spookily is based in Phoenix House, will morph itself into a new company called Pareto, something that is categorically denies by director Mark Redding who The Golf Course quotes as saying: “No, no, no. That’s not an option that is on the table at the moment. We are back at square one and want to see if there is a business there to salvage and if we still want to be involved in it.”
Prior to going bust, Seoul Nassau went on a reckless buying spree to try and capture the golf course industry and turn itself into a one stop shop for greenkeepers for the purchasing of golf ball cleaners to pesticides.
Amenity Technologies, one of the high flying companies purchased buy SN for £1.5 million was sold on (according to rumours) for just £10,000 three years later.
I will leave the last line to Trevor Ledger: "The founder of Seoul Nassau UK – Craig Treharne – was unavailable for comment but The Golf Course would love to hear from him - as would the company's many other creditors."
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