Bloomberg: ClubCorp Sale A Positive Sign For Golf Industry
/Bloomberg's Taylor Cromwell considers the ClubCorp sale for $1.1. billion and says it's a positive statement about the core golfer market stabilizing.
He writes:
More broadly, golf has seen a resurgence in so-called avid players, those who play at least 25 rounds on a regulation course per year. The number rose to 8.8 million last year, up 400,000 from 2015, according to the National Golf Foundation. Avid players are critical to the health of the sport because they account for 80 percent of industry spending.
The challenge now is rebuilding with more realistic aspirations.
Several analysts are quoted saying the market correction days have peaked. Thoughts?
