Freeport tops the league in dire share year

first_imgFreeport Leisure was the best-performing property share in 1998 for the second successive year, achieving extraordinary growth in what proved to be a ghastly period for the sector.The factory outlet developer’s shares followed a 149% increase in 1997 by rising 63% to 371.5p last year, easily winning Property Week’s share performance league.Fund managers continued to buy Freeport’s shares in expectation of big net asset value growth from future developments, evidenced by the 58% increase in NAV the company achieved in the year to June 1998. Freeport has the added advantage of being the only quoted factory outlet specialist.The second best share was all-Ireland company Dunloe Ewart, the product of the merger between Dublin-based Dunloe and Belfast-based Ewart. Delancey, which saw a £100m capital injection from George Soros and his associates plus the appointment of james ritblat as managing director, came in at number three. Jermyn, which had been in the lead at the half-year stage, was in fourth place, followed by NHP (formerly Nursing Home Properties), which moved up from the AIM to the main market in August. The two specialist managed Workspace companies, Workspace and Birkby, both had good years, with their shares rising 18% and 15% respectively.But overall it was a dismal year for the property sector. The average property share, as measured by the FT property index, dropped by 22% after rising 21% in 1997. Only eight of the 71 companies that started the year with a market capitalisation of more than £25m outperformed the FT All-Share Index, and just 10 saw their shares rise. The property sector was 47th out of the 52 FT sectors, the telecommunications sector topping the list.None of the seven majors sparkled. Capital Shopping Centres fared best, with its shares only dropping 18%. The worst performer was British Land, which fell 34%, thus disappearing from the important FTSE100 Index of the UK’s 100 largest companies. Other majors, however, such as MEPC, British Land and Hammerson, had sharp falls in December when liquidity was relatively low.The worst-performing shares were generally in sectors that the City believes face tough times – the City of London, secondary retail, London residential and trading.Hemingway, where chief executive Michael Goldhill and finance director Andrew Brown earned £1.84m each in 1997, brought up the rear.last_img read more

Traders of the lost art

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

‘Drunken’ man found dead

first_imgBACOLOD City – A man was found dead in BarangayTaloc, Bago City, Negros Occidental. Police identified him as 67-year- old RamonHernaiz, a resident of the village. Hernaiz’s lifeless body was discoveredon a drainage canal around 8:30 p.m. on Jan. 7, a police report showed. Hesustained injuries on the head, it added. Officersof the Bago City police station have yet to rule outfoul play in the incident./PN According topolice investigators, the victim – who was reportedly drunk – was last seenriding on a bike going home after having a drinking spree with his friends.last_img read more

Roberto Martinez: Ross Barkley is back to his best and there’s more to come

first_img All the evidence from the England international’s eight appearances so far this season, in which he has already scored three times, point to a return to the scintillating form he showed 18 months ago. Barkley scored just twice last season and Martinez believes a knee injury on the eve of that campaign left the 21-year-old playing catch-up and trying too hard to reproduce his magic. Midfielder Ross Barkley rediscovering his best form is welcome news for Everton, but manager Roberto Martinez believes he is a long way from fulfilling his potential. “Good decision-making depends on many things. It is how good the team is playing, how easy it is to play with players around him and that natural approach of being able to be yourself. “All those aspects have come together and Ross is enjoying his football and when he is enjoying his football he can show the level he has.” Barkley was brilliant in Martinez’s first season playing just behind the striker but he struggled the following year as he was deployed in a number of positions. But having started to flourish again his manager is now looking for him to push on. “The next step is being able to be consistent and I have been impressed how consistent he has been,” added Martinez, who takes his side to West Brom on Monday evening. “With young players you get real highs and then you drop your levels and need to find your form again. “With Ross he has been very consistent from the first game. “His overall personality has been very strong. It is not normal for a young man to have that responsibility and bravery in every action he has for the team. “He needs to be allowed to get on with his performances and carry on growing.” But a summer of rest and proper preparation has rejuvenated the player, who has just racked up his 100th appearance for the club. “Ross is in a very good moment of form,” said Martinez. “He has a real good mindset and it is incredible he has already reached that landmark – 100 games is an incredible figure. “I see Ross as a very enthusiastic footballer who wants to get better and he hasn’t fulfilled his potential yet. “But he is focused on the next game and he is narrowing his aims and objectives into achievable goals so in that respect I have no worries about Ross. “His mindset is perfect to carry on having big impacts in games and being important for the team, as he has been so far. “He came back after a very good summer in which he was able to switch off from football and I think all the lessons we had as a team in Europe (last season) in particular Ross, as an individual, made him a better player. “We all know the quality he has. When you add good decision-making on that package of physical presence and technical ability is when Ross is at his very best. Press Associationlast_img read more

FB : SU to use trio of replacements for suspended Phillip Thomas

first_img Facebook Twitter Google+ Published on November 24, 2011 at 12:00 pm Over the last two years, Shamarko Thomas has never started a game without Phillip Thomas by his side in the Syracuse secondary. The Orange’s safety duo has combined for 294 tackles, easily the most of any two SU players over that span.But Saturday, for the first time since 2009, Shamarko will start without Phillip alongside him in SU’s defensive backfield.‘It’s sad man,’ Shamarko said. ‘But I hope the best for him. … It’s a tragedy, but we just have to get stronger and play.’AdvertisementThis is placeholder textPhillip was suspended from the football program for one year for an unnamed violation of the Athletics Department Policy. The suspension was announced on Nov. 18. The junior free safety leads the team with 82 tackles this year and also leads the Big East with six interceptions.Syracuse head coach Doug Marrone said the team is treating Phillip’s suspension just as it would an injury. Sophomore Jeremi Wilkes, senior Olando Fisher and freshman Ritchy Desir will help fill in for the free safety as SU looks to snap a three-game losing streak Saturday at noon when Cincinnati visits the Carrier Dome.‘I have 100 percent faith in Jeremi Wilkes and Olando and Ritchy,’ senior cornerback Kevyn Scott said. ‘They’re going to get the job done. They’re all great football players, so I feel like they’re going to get the job done.’Wilkes has been the biggest contributor of those three so far this year. The sophomore has started three games, two filling in for Shamarko when the strong safety was injured and the other when SU opened in its ‘Okie’ package against West Virginia.His main role throughout the year has been as the extra defensive back in the ‘Okie.’ SU uses five defensive backs and two linebackers in that package as opposed to the typical alignment of three linebackers and four defensive backs.But while he has played in all 10 games for the Orange this year, Wilkes said his most valuable experience came while filling in for Shamarko at strong safety against Toledo and Rutgers.‘It helped a lot because my main role was just the ‘Okie,” Wilkes said. ‘I just played a little base here and there, maybe if somebody got hurt. But definitely that game when Shamarko went down, it helped me a lot.’And while Wilkes has seen the most significant action of the three fill-ins for Phillip, all three have gotten valuable experience with the first team throughout this season.During preseason camp in August, every single one of the Orange’s starting secondary players suffered an injury that forced them to miss practices. Some of those injuries lingered into the first few games of the year and the defensive backs continued to get banged up.And that allowed for the second-team players to get reps in games.‘Things happen for a reason,’ Scott said. ‘As far as early in the season, how we had different injuries, they had to step in. I feel like the game experience in the beginning of the year helped them out now because they’re going to have full-time roles Saturday.’But while Wilkes, Fisher and Desir have seen some key playing time, none of them have the experience that Phillip brought to the field. Scott felt that the junior’s playmaking ability and his knack for diagnosing what offenses were trying to do would be the biggest losses without him on the field.Marrone, however, didn’t seem overly concerned about not having his usual free safety for the rest of the season. He compared the suspension to the injury defensive end Chandler Jones suffered in the season opener against Wake Forest that kept him out of five games.And just like with that key loss, the head coach expects his other players to step up.‘No matter what player, there’s someone behind him who is looking for that opportunity, who has been working extremely hard for it,’ Marrone said. ‘When those opportunities present themselves, no matter how they present themselves, you have to be ready to play.’zjbrown@syr.educenter_img Commentslast_img read more

German DSbV demands actions on illegal online gambling transactions

first_img The German Casino Association ‘Deutsche Spielbankenverband’ (DSbV) said that payment blocking orders of unlicensed online gambling operators should be at the ‘top of the agenda’ for German lawmakers.The DSbV made its statement following the aftermath of the Wirecard AG’s multi-billion euro scandal, which it stated has rocked confidence in German banking and payment processing laws.In its statement, the DSbv underlined that Wirecard fraudulent activities were known to German regulators since 2017 as the payment processor’s illegal transactions were revealed by the publishing of the ‘Panama Papers’.DSbv CEO Otto Wulferding stated that German banks have knowingly participated in enabling unlicensed online gambling transactions, thus taking advantage of incoherent gambling laws.“On Wirecard, the topic of monetary transactions for companies such as online casinos should be high on the agenda,” Wulferding said.He added that regulatory inaction since 2017 has led to ‘far-reaching consequences’ on the German market, which can no longer control the growth of unlicensed online gambling operators targeting national consumers.The DSbv pointed to market research undertaken by Goldmedia, which ‘reported earnings of €2.1 billion for online casinos in 2019 – an increase of 6.2 percent compared to 2018 figures’.Observing current market dynamics, the DSbv stated that German consumers are completely open to being targeted by unlicensed operators, freely promoting their services through online advertising and TV networks.Meanwhile, market safeguards have been left at the domain of private enterprises such as VISA, who at the start of 2020 terminated German online gambling transactions.“Online casinos without a German license are evading the regulatory framework in Germany,” concluded Wulferding. “They do not meet the requirements that apply to licensed casinos. This means that the guest can carry out their bets and thus deposits and withdrawals safely and reliably.” tweet StumbleUpon Submit Sharelast_img read more

Sanctuary Superintendent Jumps into Freezing River for a Good Cause

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAlpena- It’s not everyday you see a man in a turkey suit on a paddle board, but today was one of those days. Thunder Bay National Marine Sanctuary Superintendent Jeff Gray found himself in this situation.3 years ago, Friends of the Thunder Bay Sanctuary, a nonprofit, and Gray began a Giving Tuesday drive. If they raised enough money, Gray would have to dress up in the turkey suit and jump. He was originally going to go with a Santa suit but the suit was to nice and the turkey would do. This year, 56 donors were able to raise over $10,000 and of course Gray found himself in the frigid water in the Thunder Bay River. It was the coldest year yet but Gray is happy to do for a good cause.The money raised will help support youth and outreach programs to help educate kids and the public on different areas of the Sanctuary. This can include technology, biology, diving, robotics, etc. It’s a unique tradition for a unique place in a unique town.More information can be found on the Thunder Bay National Marine Sanctuary’s Facebook page and website.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious ACC Students Showcase Art Work Tomorrow NightNext Presque Isle Close to Being Back to Full Power after Outageslast_img read more

NBA: Clippers, Chris Paul agree on five-year, $107 million deal

first_imgThe tweet was short, but to the point.“I’M IN!!! #CLIPPERNATION.” From Chris Paul’s keyboard to the Clippers’ ears, what had been widely anticipated appears to be true as the All-Star point guard is headed toward signing a five-year, $107 million contract to return to the team.The free agent was wooed by coach Doc Rivers on Sunday night and made the Twitter announcement on Monday. Per NBA rules, deals can be struck but not officially signed until July 10.Paul, the pillar of the foundation on the floor and in the locker room, now stands as a beacon for other free agents glancing in the Clippers’ direction. That also began in earnest as the free agency chase opened after 9 p.m. PDT on Sunday. For the Clippers, the chase means putting the right pieces around Paul, Blake Griffin and DeAndre Jordan.In order to get the shooting help the Clippers covet, they could turn to JJ Redick of Milwaukee and O.J. Mayo of Dallas. Both are free agents, but both of their clubs can offer better deals than the Clippers could, so a sign-and-trade scenario might have to happen in each instance.Mayo, a former USC star, averaged 15.3 points and 4.4 assists last season. Redick averaged 14.4 points.Another guard the Clippers could seek is Memphis’ Tony Allen, a tenacious defender who could help the Clippers guard the outside shot and provide occasional scoring punch, as they discovered during their first-round playoff defeat.If the Clippers do agree to a trade, it’s apparent that backup point guard Eric Bledsoe would be the one to be shipped. Bledsoe showed flashes of brilliance both as a backup to Paul and as a starter when Paul was out because of injury, and could be ready to take over as a starter for another franchise. Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img Still on his rookie contract, Bledsoe is slated to make $2.6 million next season and be eligible for a qualifying offer after the 2014-15 season. The Clippers would have to weigh his value in that regard as a backup point guard or as a player who could be dealt for a commodity of higher value.When Paul signs, the Clippers will have 10 players under contract, meaning they have a busy summer, much like last year when they were still pulling players in until the virtual eve of training camp.Including Paul, the Clippers have only Griffin, Jordan and Jamal Crawford locked up through next season. They also have to decide if they will exercise their options on DaJuan Summers and Maalik Wayns for next season. JOE ROBBINS — GETTY IMAGES Chris Paul wasted no time in telling the Clippers he wants to continue his NBA career in Los Angeles, where he’ll join Blake Griffin and DeAndre Jordan to form a solid nucleus in hopes of turning the team into a championship contender.last_img read more

Guest Editorial II: In the long run the irrigation system could bring great $$$ to golf course

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (37) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. -3 Vote up Vote down CueballSumnernewscow 94p · 235 weeks ago In order to participate in the comment section, please read the comment policy here:…. We highly encourage you to sign your first and last name, but will allow one “handle”, preferably a first or middle name, and a valid e-mail address. E-mails will not be published. Report Reply 0 replies · active 235 weeks ago +5 Vote up Vote down Turkeyleg Jones · 235 weeks ago One would think that we should wait until we see what kind of a bank loan Wellington gets before spitting out any numbers, wouldn’t ya? Interest rate, how long, stuff like that. Then I would like to address the “staff driving carts around selling booze and stuff”. Won’t these staff members need to be 21, will they need a special drivers license and insurance while putting around selling booze and stuff? How about checking ID’z, will they be checked at the clubhouse or on the golf course? How the liability of selling the golfers booze on the course by the staff people. Just what would happen if one of the golfers that was served booze gets in their car or cart has an so called accident on the public streets? Say they kill someone, who’s responsible, the golfer or the staff member who overserved the golfer? Lot of if’s isn’t there? One might want to rethink the staff and booze thing. Thing 2, what happens if it rains all of the time? Report Reply 2 replies · active 235 weeks ago +6 Vote up Vote down Jeremy · 235 weeks ago I used Google and basic math to establish these numbers for you to put it in a basic broken down understanding. 2010 census Wellingtons population was 8172 residents. (Projections showed it would be lower) CNN took a pole of sports based on popularity golf came in at 36%(all of america not just Kansas) Based on this the popularity of golf in the city of wellington is 2919 residents. (Gross over estimation) ages 0-65+ 5253 citizens remain 0-65+ (gross under estimation) 18000 rounds played but 6000 not by residents =12000 that’s 4 rounds of gold per person per year of the 2919. Incurred debt is $226000 (no interest) From numbers 2919 in favor of golf is responsible for $74,583 Remaining is 5253 residents not interested by popularity is responsible for $151,426 again no interest. My opinion the 2/3 of residents is responsible for debt that only benefit 1/3 of the population by these numbers this is a gross bias for the smaller percentage and a don’t care to the majority. Report Reply 4 replies · active 235 weeks ago +4 Vote up Vote down LiveWell · 235 weeks ago As a Wellington resident having to deal with this last year of city council decisions, there is NOTHIG in this article that would make me go vote yes on a ballot for this issue. Are figures like this what was used to justify this purchase? WE wont even begin paying on it until 2017.!.! “After discussing options, the council voted 6-0 to provide sealed bids to local banks this morning, and proceed with lease purchase in which no payments will be implemented until March of 2017″ And I understand being positive about certain things, but get real: (2024)”You revamp your food and beverage program entirely and hire a chef.” Report Reply 0 replies · active 235 weeks ago -7 Vote up Vote down Bobby Wilson · 235 weeks ago So your idea is to constantly raise green fees. Purchase and retain a liquor license to sell booze on the course. I don’t know if you have been to Wellington but we may have a liquor store two blocks from the course owned by a member. Why would we take money from him or any other liquor store owner. Plus we would have to staff the cart, carry insurance and I am not sure that profit margin fits. Besides it’s golf not the drinking game. Report Reply 3 replies · active 235 weeks ago -3 Vote up Vote down Eric Pierce · 235 weeks ago Over a 10 year period yes the greens fees would be raised in relation to general inflation as the cost of good will rise slightly with it. In regards to liquor/beer purchases these numbers are very modest and nothing more than the occasional weekend drink being purchased throughout the year. Every time I have ever been to the golf course there are multiple people standing around behind the counter. Why not let them drive around and sell more inventory a couple of times a day. Candy bars, chips Gatorade all count too not just beer. The assumption is correct.Most likely you would need 2 employees to go on a cart 1 of them being 21 as an 18 year old can serve a drink but can’t open a bottle/can or pour. I am sure the course already has adequate insurance and policies in regards to employees on carts for events etc. Live Well- How is hiring a solid employee that can put out a good product for guests and employees alike unrealistic or a bad idea? In fact that should probably be done before 2024. My goal was to take some very realistic numbers and plug in real life situations that happen like good or bad weather and incorporate some changes that I have seen work in many places throughout the country. I am not saying this is the concrete plan that should 100% be followed but you can’t expect different results without changing anything about how you operate. My goal was to try and spark ideas on what works for the community and what doesn’t work. At the end of the day it is the decision of the town and residents on what direction they want Wellington to go. I understand there are more factors that come into play like who issues the loan, interest rates, what kind of cash on hand there is so many factors! It was meant to demonstrate that it is possible to run a profitable business and that the irrigation system is a solid purchase. Report Reply 2 replies · active 235 weeks ago +2 Vote up Vote down Doug May · 235 weeks ago Its not up to the people, but you mean the city council, If the people had it there way, the golf course can just water like the use to, by hand not spending 225,000. When we have been out there to golf, People standing around at clubhouse and people that take care of grounds messing around. There is your wasted money, or are they friends with the manager and getting better money than if they did some other job in town than at the golf course. Hire a lot of high schoolers to work and mow the greens instead of paying 15 dollars an hour person mowing. Report Reply 0 replies · active 235 weeks ago +2 Vote up Vote down Eric Pierce · 235 weeks ago So by what you are saying this being less than 1% of the entire annual budget that every budgetary decision come down to a public vote? This isn’t even a large purchase or expense in the scheme of things. You can’t live life scared wondering when the next 9-11 attack is going to happen or natural disaster. It is obvious that these things happen like earthquakes and tornado which are completely impossible to tell when and where these happen. What we do know is that if nothing changes at the golf course it will wither away. Rather than speculate what if this happens or what if that happens doesn’t it make more sense from a business standpoint to go with as much solid facts as possible to create an education decision on the matter. Griping and moaning does absolutely nothing to change the situation. I feel the numbers are as realistic as possible without having direct access to the books. It is a basic forcast. All businesses have them. How can you budget if you don’t have any idea where you are going. Forcasts are based on historical data. Businesses don’t go into every year blind wondering “I wonder what’s going to happen this year.” How do people achieve goals if they don’t set them? They say I think I can make this happen in the future and they either do or don’t. At least they lay it out and make decisions now in an attempt to reach the future outcome they want. The goal now is obviously to pay that loan off as efficiently as possible to reduce overall interest. We have A and C what do we plug in for B to get there is the only question. Report Reply 1 reply · active 235 weeks ago 0 Vote up Vote down JustMe · 235 weeks ago I don’t feel people don’t understand that this could be a good buy for the golf course. I see it as a wise choice. But what people have a problem with is the cost being passed to them. Specifically those who don’t use the facility. It’s hard to be for something when we don’t see the impact ourselves, and only being fed made up numbers doesn’t help for those that know it is all guesswork. All the estimates thrown around about how much extra money the golf course brings currently, or could bring, to other local business(es) are just that – estimates….. made up. Always being asked to fund city owned, quality of life things get hard to swallow when you don’t see the up side, or eventually realize the investment is paying the city back (lower taxes, better street repair or a decrease in these types of expenditures would be things I would consider “realizing the investment”) Report Reply 0 replies · active 235 weeks ago +2 Vote up Vote down Birdfan · 235 weeks ago Why use irrigation? Use sewage water, all resident get the benifirt of Lowe sewage costs, less fertilizer would be needed all around a good deal for all. Many cities already do this. Report Reply 0 replies · active 235 weeks ago 12Next » Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments The following is a guest editorial by Eric Pierce, who is an independent business consultant and an avid Sumner Newscow reader…by Eric Pierce, an independent consultant —  First the Wellington Golf Irrigation System investment although seems staggering to many is actually quite a sound and intelligent investment. Sticker shock has people wondering why we are doing this when so much turmoil remains in the majority of the city. I have created an “Impact Analysis” of the new irrigation system. I am basing this solely on round cost and rounds played and projecting general modest increases and decreases in certain areas. I will breakdown the reasoning behind those later. Look at my following figure here.In 2015, according to WGC figures, there were 18,000 rounds played at the Wellington Golf Course — 6,000 rounds of the 18,000 are from out of town golfers. The basis for this analysis is to not only retain that current rate of out of town rounds but slightly increase them through a more efficient/more manicured course. Another reason for this analysis is to prove that it is a sound investment. Because of the cost of the new irrigation system the cost of a round needs to increase roughly $2 a round to begin to offset the cost. It will only be a fraction of the cost but we have to start somewhere! Also inflation needs to be addressed so increasing the dollars per round only generates additional revenues as the price for a round of golf is generally fairly elastic as long as your course is maintained.By having a new irrigation system and thus a more monitored course it will start to look better which I believe will generate an additional 200 rounds of golf in 2016. The impact would raise food/beverage/pro shop sales slightly. The anticipated profit for 2016 is a large negative in part because of the purchase of the irrigation system. I know there will most likely be a bank loan so it might not look exactly like my figures depending on the interest rates etc that we get.  It is during this time that I would discuss implementing a broader food and beverage program to generate additional sales in that department.My recommendation would be to sell liquor and use your staff to drive carts around the course and sell beer and other consumables as you are limiting yourself to before a round, ninth hole and after a round.For the reasons above, I would estimate that your food and beverage sales would conservatively increase 5 percent over the last year. All of my figures are based on very conservative figures in order to make them more realistic and achievable.  2017 would gain another 100 rounds and the price per round would stay the same as 2016.Food and beverage income would increase an additional 5 percent as compared to 2016. We are still not profitable on the books yet but we have reduced our expenses 25 percent over the last year due to having to purchase less fertilizer, utilities dropping because of new irrigation and reduced maintenance costs in regards to irrigation.In 2018 I predict to be the turning point and where we start to really see a prosperous asset to the city. Due to inflation we increase the cost per round an additional dollar to $33 which the market isn’t as responsive too but none the less rounds has decreased by 100. Food and beverage continue to grow increasing another 5 percent. Our expenses decrease another 15 percent due to efficiency as well as a much longer and harsher winter. This renders the irrigation system, utilities, labor etc to end the year at a lower expense than normal.2019 rounds increased due to better weather than normal and the cost per round stays at $33. Event spaces are now being utilized more due to the weather. This increases the food and beverage sales by 25 percent as people are well familiarized with what the Wellington Golf Course has to offer.  Expenses increase 3 percent due to unforeseen issues and the fact that event spaces need additional equipment and supplies.2020 will be one of the best year profit wise over the 10 year time span. The investment for the irrigation system should be very close to being paid off if not completely paid off by year’s end. This frees up a lot of the courses cash flow. This is truly where the Golf Course becomes profitable. Management is now experienced on how to generate additional sales through all revenue streams. Food and beverage increases another 15 percent over the previous year.Expenses increase another 3 percent due to the fact that supplies are also subject to inflation when purchasing as well as increased detail of course quality. We have also increased our price per round to $35 as our course is now of higher quality course with attractive amenities much like a lot of country clubs may have but at a public golf course experience cost. Rounds are down slightly in 2020 compared to the year before but the additional revenue from food and beverage as well as increasing price per round dwarfs the reduction in rounds impact.2021 is much like 2020 only there is a lot more unrestricted cash flow. Not only that the course has attracted an additional 300 rounds this year over last due to the course quality in comparison with other municipal courses in the area. Expenses increase 3 percent over the previous year in order to maintain quality of course. Year end gross profit is $114,372.81. Pretty good for an asset people wanted to sell off 5 years ago.2022 I project the rounds to drop significantly due to another bad weather year. Compile that with another general inflation increase in the price per round your gross profit drops about 16 percent over the last year but it happens. Beverage sales decrease due to less rounds played and it is a year you just have to suck up and move on to the next one. You still maintain a good profit although unforeseen events potentially restricted the year’s ability to perpetuate further into the black.2023 rounds increase slightly over the last year but the market isn’t doing as well due to less disposable income in the economy. Your food and beverage drop 3 percent because of this fact. Your expenses increasing 3 percent coupled with your Food and Bev decreasing 3 percent. It is time to revamp the food and beverage program again at this point. Do research and cut wasteful costs and focus on what the customers want at this time. Profit this year is the lowest of the last five years.2024 is a booming year due to the fact that rounds increased 400 over the last year. Big things are happening as the price has been increased to $37 a round. You revamp your food and beverage program entirely and hire a chef. Due to the large absence of higher quality food in the town your incomes although modest propel the year into the highest profit in the 10-year span.Costs increase overall for the operation 15 percent due to 3 percent general increase for the course and 12 percent overall increased cost for the food and beverage. Food and beverage now operates at roughly 20 percent profit for food and 78.25 percent profit for beverage.2025, the final year in the analysis proves to be very similar to 2025. Although food and beverage increases 10 percent over 2024 100 less rounds were played. Although gross revenue in 2025 is higher than 2024 expenses continue to rise at the rate of 3 percent of the previous year due to the increase in food and beverage. This equates to a slightly less profitable year but still good overall.The gross profit for the 10 year study was $622.387.30. When looking at our initial irrigation investment of $250,000 we can calculate our Return on Investment.The formula is as follows:(Gain-Cost)/Cost=ROI($622,387.30-$250,000.00)/$250,000.00=1.49So for every dollar we spent on the new irrigation system $1.49 was generated for the evaluation period. Clearly, I have demonstrated with some predictions and real life situations that the golf course not only can be turned around it can be extremely profitable which in turn contributes to projects needing attention elsewhere.Follow us on Twitter.last_img read more

Sport England announces £8.48m award for golf

first_img6 Feb 2017 Sport England announces £8.48m award for golf Sport England today announced an £8.48m award to the England Golf Partnership (EGP) to support talented players and encourage regular golfers to continue playing.  EGP Chairman, Nic Coward, said: “There are 3.6m golfers in England, and the game continues to produce many world-class players. We will continue to work with Sport England on our many projects and initiatives that deliver great results across the country. “Our main aim is for all involved in the sport to work together in partnership, to put golfers first and to give everyone the best possible experience within the sport. “Now we know the level of award from Sport England, we will consider our next steps, taking time to look at how best to deliver with the resources available to us.” The funding award comes at a time when golf in England is enjoying a flourishing profile, thanks to the Olympic gold medal success of Justin Rose, reports of increased membership from 30% of clubs, support from Parliamentarians and publicity around the health and wellbeing benefits of the game, which contribute to golf’s positive impact on society.last_img read more