KSL Grabs The Belfry

Zoe Wood of The Guardian reports on the purchase for an undisclosed sum from the faltering Quinn Group.

The 220 hectare (550 acre) course was owned by Sean Quinn junior, who paid £186m for the course in 2005. He is the son of the bankrupt former billionaire, Sean Quinn.

KSL Capital Partners of Denver declined to say how much it paid for the Belfry, which has hosted the Ryder Cup four times. Ownership had reverted to banks that backed Quinn and were thought to be owed about £100m. The vendor was "an affiliate of the Quinn Group", KSL said.