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A tourism professional claims Saudi PIF is buying England’s most prestigious golf course

Online Niel October 31, 2024

English tour pro Eddie Pepperell says Saudi Arabia’s Public Investment Fund will buy Wentworth.

Pepperell stated the latest episode of Chipping forecast.

The 33-year-old said he was told the news by someone “in the know” last week at the Genesis Championship in South Korea.

And backers of LIV Golf are also keen to buy the exclusive Sunningdale Golf Club.

“I’m talking about the Saudis,” Pepperell said as the conversation turned to LIV Golf and the PGA Tour.

“I was told this week by someone who would know that they are buying Wentworth.

“PIF is buying Wentworth, for sure. That’s what I was told and they are (also) interested in buying Sunningdale.

“Now this is (Sunningdale) is more of a rumour, but Wentworth . . .”

Billy Horschel won the 2024 BMW PGA Championship

DP World Tour HQ is at Wentworth on Virginia Water in Surrey.

Wentworth, of course, is also home to the iconic BMW PGA Championship.

Reignwood Group, a Chinese investment group led by billionaire Dr Chanchai Ruayrungruang are the current owners of Wentworth.

They completed a controversial £135m takeover in 2014.

Ruayrungruang, who made his fortune as a distributor of the Red Bull energy drink, rubbed existing members the wrong way immediately after the takeover, completely changing the business model.

Existing members were told they had to join the club and pay an annual fee of £100,000.

Sir Michael Parkinson, the legendary chat show host who died in August aged 88, was among those to criticize the move.

He accused the Chinese owners of ignoring tradition to create a club for the “super rich” with a “parking lot full of Lamborghinis”.

Sunningdale operates through a membership structure rather than a single owner or corporate entity.

The details of their membership are a closely guarded secret.

Online Niel

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A tourism professional claims Saudi PIF is buying England’s most prestigious golf course

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A tourism professional claims Saudi PIF is buying England’s most prestigious golf course

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