Brexit and the Golf Industry

Royal Lytham & St Annes Golf Course, England. Credit: wikimedia.org

Royal Lytham & St Annes Golf Course, England. Credit: wikimedia.org

     While several golfing organizations have expressed uncertainty as to the affect of Brexit, UK-based golf course construction and reconstruction firm John Greasley thinks it may have some benefits for their business.    

     "The immediate benefit to our continental clients has been the fall in the pound which makes us considerably more competitive than we have been over recent years," said a spokesperson. "This coupled with record low interest rates and higher residual values for plant when sold overseas means that there are a number of plus factors that will help insure the 'confidence' key is maintained for the next few years."

     And some companies abroad have expressed similarly positive views for the future of Britain's golf industry. "Brexit is very positive for Americans planning trips to the UK," said a spokesperson for Florida-based Golfpac Travel, a company which organizes golf trips around the world.

     For the full article from golfclubmanagement.com click here, or on the link available below.