Lahinch Golf Club finances emerge from the rough in 2010

FINANCES at one of the country’s most exclusive golf clubs have come out of the rough — but only after hiking up members’ subscriptions by 17% and imposing a three-day week on staff.

In a report presented to members of Lahinch Golf Club last night at the club’s AGM, club captain Eugene Gilligan reported “a modest surplus” of €65,280 for 2010.

This, according to Mr Gilligan, “is a significant reversal of the trend of recent years” where the Co Clare links club reported a combined operating loss for 2009 and 2008 of €1 million due to the collapse in green fee income.