Wentworth Golf Club Bought by Chinese Investment Group
By Community | September 15, 2014
Reignwood Investments bought the privately-owned golf club and health resort in Virginia Water, Surrey, from WG Acquisition Ltd., for a reported £135million. Among other clubs it owns is Reignwood Pine Valley, in Beijing, which has been named the most popular course in Asia.
Wentworth is the venue of the BMW PGA Championship and hosted the first Ryder Cup. It features three 18-hole golf courses, a 9-hole par 3 executive course, a bespoke TaylorMade Performance Lab, a clubhouse with restaurants, bars, private meeting and dining rooms for up to 300 guests, bedroom accommodation and a shop and locker rooms.
Dr Chanchai Ruayrungruang, who founded the Reignwood Group in 1984, says, “Reignwood has a long history in golf development, a profound respect for excellence in every form and deep interest in East-West cooperation.
“As a world famous golf institution, Wentworth is a key strategic acquisition for our rapidly growing luxury lifestyle division, whose unique culture we are dedicated to preserving and whose exceptional expertise will inform our golf operations across Asia.”
Richard Caring, who is staying on as Non-Executive Director, says Wentworth is in great hands. “In the nine years that I have owned Wentworth, I have received a multitude of offers to purchase the Club.
“However, I have always looked for an owner with integrity, a recognition of the iconic nature of Wentworth, an understanding of the special place it keeps in so many people’s hearts, an owner who wants to develop the club ever further, improving on what is already a masterpiece, someone with knowledge and experience of the sport and with premium quality international connections and last but not least long-term vision.”