This popular golf club has been taken over by its members
Neil Waterhouse from HSBC, Neal Hammond (Director of Ganstead Park Golf Club) and Mike Milner (GM of Ganstead Park Golf Club)
By Hull Daily Mail | Posted: 4 Jan 2018
A popular golf club near Hull has had its future secured after it was bought by its members.
Ganstead Park Golf Club was put up for sale by the family that ran it, leaving its future in question.
But the club, in Holderness, was offered to the 400 members who enjoy the course, who voted overwhelmingly to take it over.
The news also ensures the 12 staff members who help run the golf club will keep their jobs.
The club has been sold to its members
Neal Hammond, director of Ganstead Park Golf Club, said: “To be able to acquire Ganstead Park Golf Club for our members is fantastic for the future of this club.
“We’ve always been focused on building a community around the club and believe we’ve built a golf course with a fantastic inclusive and educational atmosphere.
“With other regional courses being bought for land redevelopment in recent years, we’re reassured that Ganstead Park Golf Club can continue to function as a golf course and employer in the hands of our members.”
The club has been part of the area’s golfing community for more than four decades.
A total of 90 per cent of the club’s 400-plus members voted to take over the land and assets of Ganstead Park.
The group raised a quarter of the purchase price, with HSBC supporting the takeover with a £525,000 commercial loan.
The future of the club has been secured
Neil Waterhouse, HSBC’s senior business manager for North Yorkshire and Humber, said: “We believe that the Ganstead Park Golf Club members have the best understanding of how to manage the future of this club.
“We are delighted to provide financial support to ensure the golf club can remain an active part of the community for golfers of all ages for many years to come.”
The club, which is in Ganstead, near Bilton, runs a number of courses for junior players, and also works closely with local schools.
The golf club also offers a food menu and wedding packages, and is also available for private parties.