Oct
20

Reserve Golf Club in Pawleys Island Ponders Bankruptcy

By
– The Sun News

The Board of Managers for the private Reserve Golf Club in Pawleys Island is planning to file for bankruptcy protection that it hopes will facilitate the sale of the club to McConnell Golf.

In a letter sent out last week to shareowners and members, the board claims the club is no longer financially viable and details a plan to emerge from bankruptcy that includes McConnell Golf’s hopeful purchase.

The club and McConnell Golf have negotiated a prearranged purchase agreement that would apparently be part of a filed plan to emerge from bankruptcy

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thesunnews.com/news/local/story/1124701.html
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