Menu
Facilities

Castle Stuart Seeks Funding For Expansion, But Official Says Club Is 'Not For Sale'

Rumors that Castle Stuart is "for sale" are "wide of the mark, though new investment is being sought" by Mark Parsinen, the managing partner and co-designer of the course near Inverness, according to Martin Dempster of the SCOTSMAN. Castle Stuart GM Stuart McColm said, "There is not a 'for sale' sign outside the door." He sought to explain "how the speculation had come about in the countdown to it staging the Aberdeen Asset Management Scottish Open for a fourth time." McColm said, "We recently employed Christie & Co., who are property consultants, to widen an already international global network that we’ve got in terms of trying to find the right investment partner, and the reason we’ve done that is because we all want to get the next phase of the development here moving." It involves a second championship course, "which will be an Arnold Palmer signature layout, as well as a par-3 course and various properties being built, including two hotels, a spa and leisure facility." The 17th century castle "that gives the course its name has also been earmarked for refurbishment." McColm: "Mark can’t afford to fund it himself, so he has crossed the bridge of perhaps taking in a significant partner that might dilute everyone else. But he’s not worried about that because, at 67, he wants to get us over the line. ... We have a couple of seriously interested parties who want to invest in Castle Stuart, but we are leaving no stone unturned, which is why we are employing Christie & Co. It’s as a result of that, of course, that the rumors have been circulating and we’ve been trying to quash them because we are not for sale" (SCOTSMAN, 5/1).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/02/Facilities/Castle-Stuart.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/02/Facilities/Castle-Stuart.aspx

CLOSE