Tuesday, 24 January 2017

Prestigious Oxford golf club Craigowan in the financial news

Media reports note how Oxford Golf & Country Club is apparently struggling financially

Course in Huntingford hosted Canadian women's amateur championship in 2014

By Mark Schadenberg
As recently as the summer of 2014, the top women amateur golfers in Canada arrived at Craigowan for the national amateur championship – August James would edge current LPGA star Brooke Henderson to claim the winner’s trophy.
The golfers were most certainly the star of the show, but Craigowan was shining brightly as well.
This winter financial reports – as published in a well-written story in the Woodstock Sentinel-Review – noted that Craigowan is struggling to flourish.
Oxford Golf & Country Club (Craigowan) has a rich history of hosting many important championships, including the Ontario men’s amateur in 2009 and the Canadian junior boys’ event in 2005.


The course’s reputation is top notch. Golf writers like to use terms like manicured fairways, undulating greens, and an overall challenging layout. Craigowan fits those descriptions and when you factor in the new clubhouse built in 2005, the 18-hole facility is among the best in southern Ontario.
I was once an avid golfer, but two young kids places time limitations on a lifestyle and when you factor in the hip replacement I had in late 2014, it’s easy to see that I am not among the statistics of golfers who may have departed the private club, but when you glean through the Sentinel-Review story you will quickly see that membership numbers have decreased.
Craigowan has received many positive reviews, include this one noted in 2014 on the course’s website:
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"Craigowan is a fabulous place where it would be impossible to get bored. Everyday would be a great day on this course. There is a great mix of holes - long, short, left, right, up and down. The golfers will need to bring all their shots for this one," says Bob Weeks, editor Score Golf magazine.
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www.craigowan.com


Some outsiders such as myself may guess (assume) there are simply too many golf courses, and that the avid hobbiest may want to play their own tour of area destinations such as Sally Creek, Meadows, Cedar Creek, Creek Side, Ingersoll, Innerkip, Burford, Cobble Hills, and other possibilities in London, K-W, Cambridge, St Marys or in Elgin County. I realize some of those layouts are just 9 holes, but with time as an issue some golfers only have enough time for 9 holes riding in a cart, and don’t have the luxury of a longer timetable.
If you are retired and live at the adult-only Sally Creek neighbourhood in Woodstock, you’ll likely secure a membership at the Sally Creek club.
The Sentinel-Review piece notes that Craigowan itself estimated they needed 450 members to maintain the long-term viability of the business after the new clubhouse opened. It’s a stunning facility and much more functional in all aspects to the old clubhouse. The S-R story places the club’s 2016 membership level at 315.
I think it would be a very sad day to see Craigowan close, so everyone I believe will hope a buyer could be found who will also provide some level of financial compensation to the Craigowan shareholders.
Craigowan’s website notes that public greens fees are $65 for 18 holes in the prime time of Friday, Saturday and Sunday (May 1 – Sept 25) with rates varying for other time slots.
A full membership for 1 adult for 2016 was $2,850 and a couple’s membership was set at $4,990. Lower rates were applied to juniors and intermediate age groups. Feel free to check out their website for lots of additional info on rates, schedules, leagues and tournaments.
Craigowan plays an important role in providing a high-end destination for significant charity tournaments such as the hospital foundation, chamber of commerce, and Youth For Christ.
Craigowan was established at its current Huntingford location in the late 1950’s and was designed by Robbie Robinson.
Current Clubhouse

Original Clubhouse

The current scorecard notes all yardages from the various tee blocks, but the professional back tees are measured to create a 6,728-yard par-71 (35-36) layout.
My favourite holes are the back-to-back dog-leg rights on the back nine at numbers 16 and 17, but I’m also the first to admit I have not played the course in about 6 years.
John Herbert, who is a long-time London Free Press writer, described No 2 as one of the most challenging holes in southwestern Ontario.
The history of Oxford Golf & Country Club can be read in the Rick Young book From Fifth to 59 as the club began as 9 holes on the top of Fifth Avenue in Woodstock (Subdivision now homes featuring golf names such as Glen Abbey, Augusta, St. Andrews, Pebble Beach, and Pinehurst, plus a street named after the Anderson family) before moving north of Woodstock on Highway 59 in Huntingford.
I posted this story before anything was reported as a news story from the membership-only meeting scheduled for Jan. 23.
After more than 50 years as a distinguished golf destination, I hope Craigowan will see another 50 years.
Time will tell.  

Clubhouse at previous Fifth Avenue location in Woodstock

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Material on this website is written by:

Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)

Royal LePage Triland Realty
Independently Owned & Operated, Brokerage
757 Dundas St, Woodstock
(519) 537-1553, cell or text

Email: mschadenberg@rogers.com
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