Court approves Druids Glen golf course rescue plan

One of Ireland’s top golf courses, Druids Glen in Co Wicklow, has successfully exited examinership, following agreement between the parties involved.

Druids Glen Golf Club Ltd (DGGC), which owns and operates the Druids Glen Golf Course, had sought High Court court protection a few weeks ago after Gulland Property Finance Ltd, which acquired a loan made by Anglo Irish Bank to Lakeford Ltd, a related company of DGGC, appointed a receiver over the 18 hole championship course.

Gulland said it was owed some €4.85m by the related company and it appointed the receiver over the golf course at Newtownmountkennedy, Co Wicklow, after its demand for payment was not satisfied.