Golf News for Wednesday, February 9, 2005 | People

Matthew Lynwood appointed Property Director of Crown Golf

Fe. 3, 2005 – Crown Golf has announced that it has appointed Matthew Lynwood as Property Director, following last month's acquisition of American Golf UK. Mr Lynwood joined Crown Golf in November 2004 from Whitbread plc. He will be responsible for overseeing property development in an organization, which is now Europe's largest golf club owner operator.

Crown Golf acquired American Golf UK from American Golf Corporation
("AGC") and NGP Realty Sub ("NGP") in December 2004. The combined group now operates and professionally manages 55 golf courses at over 31 properties across the UK comprising in excess of 6,000 acres, with 27,000 members and 1,500 employees.

Crown Golf was advised by Chantry Corporate Finance, Chesterton HMH and DLA. AGC and NGP were advised by Close Brothers Corporate Finance and Wiggin & Co.

Having been engaged in various leisure property roles in recent years, including management positions with Whitbread, Esporta and easyGroup, Matthew Lynwood commented: "The enlarged Crown Golf portfolio contains many exciting opportunities to improve the asset value of the individual sites, benefiting not only the golfer and the member, but also the group as a whole. There are a number of short and long term possibilities to create extra value, all of which will be investigated."

Commenting on Mr Lynwood's appointment, John Weir, founder and Chief Executive of Crown Golf, said: "Matthew is a key appointment in completing the operations team that will take this group to the next level. He is a good fit for the company and has the skill set and experience to underpin our investment and acquisition strategy going forward."

Contact:
Sue Anstiss
Promote PR
01753 740074
sue@promotepr.com



 
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