German bank West LB is reportedly preparing to buy UK championship golf course Wentworth in a £100million ($143/EUR163.5m) deal.
According to English broadsheet The Observer, West LB is likely to follow up the acquisition with further multi-million pound purchases in a plan to create a circuit of championship golf venues in Europe.
The newspaper stated that Monaco-based entrepreneur David Warren is leading the venture, and plans to make bids for a number of top courses, including Gleneagles in Scotland and Portugal's San Lorenzo.
 |
 |
 |
 |
 |
 |
Request a FREE trial copy of SportBusiness International Magazine today
"Covering all aspects of the business and offering each month valuable insights into specific geographic regions, SportBusiness International is a must-read for anyone working in our industry"
Philippe Blatter, President and CEO, Infront Sports & Media
Request your FREE copy today - simply click here.
