News & Reviews Disclaimer

Editorial Disclaimer. GolfSWFL News & Reviews accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation from local Southwest Florida businesses.

The monetary compensation we receive is used to perpetuate the success of GolfSWFL News & Reviews so that you may continue to access the site without charge and also goes towards payment of fees to contributing authors, and other contributors that provide useful information for our readers.

SWFGolf is building a community by offering small businesses advertising opportunities they might not otherwise be able to afford or access. We strive to make sure there is a good fit between our local advertisers and readers. We and our advertisers appreciate all of your support!

This News & Reviews section is a sponsored section created or supported by a company, organization or group of organizations. For questions about this section, please contact the Editor through our 'Contact Us' tab.

The compensation we receive may influence the advertising content, topics or posts made in this section. That content, advertising space or post may not always be identified as paid or sponsored content.

The owners of this section are compensated to provide opinion on products, services, websites and various other topics. Even though the owner of this section receives compensation for posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products.

The views and opinions expressed on this section are purely the authors' own. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.

This section does contain content which might present a conflict of interest. This content may not always be identified.

Anthony Webber Co-Publisher & Editor At Large 239.244.9694 extension 104

Notice: Undefined index: view in /home/golfswfl/public_html/components/com_content/helpers/legacyrouter.php on line 95

Notice: Undefined index: view in /home/golfswfl/public_html/components/com_content/helpers/legacyrouter.php on line 95

Notice: Undefined index: option in /home/golfswfl/public_html/components/com_content/views/article/view.html.php on line 240

Notice: Undefined index: option in /home/golfswfl/public_html/components/com_content/views/article/view.html.php on line 248

Notice: Undefined index: option in /home/golfswfl/public_html/components/com_content/views/article/view.html.php on line 248

Notice: Undefined index: option in /home/golfswfl/public_html/components/com_content/views/article/view.html.php on line 248
Notice: Undefined index: view in /home/golfswfl/public_html/components/com_content/helpers/legacyrouter.php on line 95
data-permalink="http://www.golfswfl.com/index.php/news-reviews/11-blog/golf/41-in-an-attempt-to-shore-up-its-bottom-line-clubcorp-is-going-public">

In An Attempt to Shore Up Its Bottom Line, ClubCorp is Going Public.

The nation’s largest owner of private golf properties aims to raise up to $100 million in an initial public offering, money that the Wall Street Journal says would be used to pay off debt, including “a one-time payment” to its owner, KSL Capital Partners, “in connection with the termination of a management agreement.” It sounds as if KSL, which expects to maintain its majority control, will be the big winner here, at least in the short run. So is ClubCorp’s stock worth buying? Well, the company has a portfolio of 102 well-regarded golf properties (80 of them company owned) with more than 82,000 dues-paying members, and it also owns other city, business and sports clubs that generate substantial income. According to a filing with the Securities & Exchange Commission, however, ClubCorp’s golf properties lost 15.5 percent of their members in 2011 and 16.5 percent in 2012. Overall, the company lost $26 million last year. And that debt it wants to pay off? It amounts to $781.5 million.