Lahinch Golf Club losses top €1m over two years

ONE of the country’s top rated golf clubs has generated operating losses of more than €1 million over the past two years due to a collapse in green fee income paid by golfers visiting the world-famous links golf courses.

In a report presented to members of Lahinch Golf Club yesterday at the club’s AGM, the club reported an operating loss of €476,580 for 2009, that followed an operating loss of €551,323 in 2008.

The loss follows green fee income almost halving over two years from €1.87m in 2007 to €944,522 last year due mainly to the drop in US golf visitors.