Pine Lakes among 12 golf clubs sold to Chinese group

pinelakescA Chinese investment group more than doubled the number of Grand Strand golf courses it owns in a deal announced Thursday with National Golf Management.

Founders Group International has acquired a majority interest in locally-based NGM’s assets, giving FGI a vested interest in 22 courses in Myrtle Beach area.

Among the most recognizable names of courses involved in the transaction is Pine Lakes International Country Club, the first golf course of the nearly 80 layouts on the Strand. “The Grandaddy” opened in 1927 as part of the Ocean Forest Hotel development and is credited for beginning the golf boom on the Grand Strand.

Other courses involved in the deal are Grande Dunes Resort Course, Long Bay Club, Myrtlewood Golf Club’s Palmetto and Pinehills courses, Myrtle Beach National’s King’s North, South Creek and West Course at Myrtle Beach National, South Creek at Myrtle Beach National, West Course and four courses on the historic Waccamaw Golf Trail – Litchfield Country Club, Pawleys Plantation, River Club and Willbrook Plantation.

FGl already had ownership in Aberdeen, Burning Ridge, Colonial Charters, Founders Club, Indian Wells, River Hills, TPC of Myrtle Beach, Tradition Club, World Tour and Wild Wing. The deal includes NGM subsidiaries Ambassador Golf, Myrtle Beach Golf Trips, Prime Times and Tee Times Central, along with their corresponding web sites.

FGI and parent company Yiqian Funding are led by Chinese investor Dan Liu and Nick Dou. The group said it plans to current changes in operations at the courses.

Monday Roundup: CF, SJ impress at Lady Patriot

Monday Roundup: CF, SJ impress at Lady PatriotThe Carolina Forest and St. James girls golf team made [more]

Strand sends record-tying four seniors to Shrine Bowl

Strand sends record-tying four seniors to Shrine Bowl Horry County has had an on-again, mostly off-again relationship with [more]

Chants do it with defense for second straight week

Chants do it with defense for second straight weekNot even a 44-minute lightning delay midway through the third [more]

Week 3: MB, CF roll to set up battle of undefeateds

Week 3: MB, CF roll to set up battle of undefeatedsJon "JJ" Jones returned to his old stomping grounds at [more]

Wednesday's Roundup: SJ girls go low to beat Braves

Wednesday's Roundup: SJ girls go low to beat BravesSt. James traveled to Prestwick Country Club on Wednesday to [more]

Tuesday Roundup: Wins for CF golf, NMB volleyball

Tuesday Roundup: Wins for CF golf, NMB volleyballThe reigning Class 4A state champion North Myrtle Beach High [more]

MB transfer cleared just in time to face former school

MB transfer cleared just in time to face former schoolMyrtle Beach football player J.J. Jones has been cleared to [more]

Games go on after Dorian throws schedules for loop

Games go on after Dorian throws schedules for loopDespite Hurricane Dorian costing Horry County Schools a week of [more]

Chants capture historic victory over Jayhawks

Chants capture historic victory over JayhawksCoastal Carolina football recorded its first-ever win over a Power [more]

Who's No. 1? Two teams atop latest football polls

Who's No. 1? Two teams atop latest football polls Like it did after last year’s state championship games, Horry [more]

Hurricane Dorian calls halt to Strand sports schedule

Hurricane Dorian calls halt to Strand sports scheduleHurricane Dorian is not expected to make landfall on the [more]

Coast U-19 girls pass early test, take Atlanta Cup title

Coast U-19 girls pass early test, take Atlanta Cup titleCoach R.J. Bass wanted a strong early test for his [more]

Eastern Michigan spoils Coastal's season opener

Eastern Michigan spoils Coastal's season opener The Coastal Carolina Chanticleers opened their season the same way [more]

Week 1: Historic win for SJ; MB, CF roll in openers

Week 1: Historic win for SJ; MB, CF roll in openersTommy Norwood tried to nix the Gatorade bath. He raised [more]

Welch wins World Am in East/West Coast shootout

Welch wins World Am in East/West Coast shootoutWilliam Welch (West Islip, N.Y.) shot a net 69 (gross [more]

Golf: CF packs 1-2 punch; St. James claims tri-match

Golf: CF packs 1-2 punch; St. James claims tri-matchThe Carolina Forest girls golf team made a strong showing [more]

Chiefs reach Border Battle finale, swept by Warriors

Chiefs reach Border Battle finale, swept by WarriorsThe Palmetto State made a strong showing in the Border [more]

Perfect conditions greet thousands for World Am

Perfect conditions greet thousands for World AmBeautiful weather greeted the 3,215 golfers participating in the 36th [more]

Two Coast FA boys teams crowned Triangle champs

Two Coast FA boys teams crowned Triangle champsTwo Coast FA boys teams returned home as champions from [more]

Week 0: Chiefs top Tigers; Sharks beat Lions at horn

Week 0: Chiefs top Tigers; Sharks beat Lions at hornMatt Reel sighed more than once when talking about his [more]

Six former Pelicans make big-league leap to Cubs

Six former Pelicans make big-league leap to Cubs The distance from Myrtle Beach’s TicketReturn.com Stadium to Chicago’s Wrigley [more]

Chiefs try to stay hungry, humble in title repeat bid

Chiefs try to stay hungry, humble in title repeat bidThe only thing harder than winning a state championship is [more]

Stormy weather big winner at CNB Kickoff Classic

Stormy weather big winner at CNB Kickoff ClassicTwo blowouts, a lightning delay and ultimately three of the [more]

Coast FA boys kick off fall season with strong outing

Coast FA boys kick off fall season with strong outingFive Coast FA boys teams entered the Charlotte Invitational over [more]

Hemingway follows family, teammates to Gamecocks

Hemingway follows family, teammates to GamecocksSix minutes after his youngest child had announced his college [more]

Monday Roundup: CF, SJ impress at Lady Patriot

Monday Roundup: CF, SJ impress at Lady PatriotThe Carolina Forest and St. James girls golf team made [more]

Strand sends record-tying four seniors to Shrine Bowl

Strand sends record-tying four seniors to Shrine Bowl Horry County has had an on-again, mostly off-again relationship with [more]

Comments are closed.

© 2019 Grand Strand Sports Report · RSS
Myrtle Beach Web Design
Kayaking in Myrtle Beach