‘Significant investment’ keeps golf club afloat

DRUIDS Glen Golf Club, the former host of the Irish Open, needed significant investment last year to keep it afloat.

According to accounts just filed for Druids Glen Golf Club Limited, the investment was made by related companies.

The company incurred a net loss of €514,849 in 2009. In the previous year it had a loss of €278,929. Its net liabilities at the end of last year were €1,528,311.