Golf club will vote on controversial land deal
Qualifying 271 members can expect dividend of £16k
Members of Cambuslang Golf Club this Tuesday, May 3, will vote whether or not to sell the nine-hole course.
A proposal outlined in a letter to members this month states each of the club’s qualifying 271 members can expect a dividend of £16,825 each after corporation tax.
The figure, which does not include personal taxation, is the minimum expected by Gladman, a land promotion company selected to handle the sale of the land, should the proposal be given the green light.
Gladman believes that with planning permission in place, the land could fetch £6.8million, upping the estimated individual return to £20,000.
The proposal asks members if they wish to enter a legal agreement with Gladman which would see the company secure planning permission for the site and market it for sale for a 15 per cent share of the nett sale, plus a further one per cent if the proposal needs to go to appeal.
The cost of securing planning permission is likely to be in the range of £250,000, which will be covered by Gladman.
If planning consent is not agreed, the golf club and its members are not liable for any losses.
However, should Gladman achieve a minimum price agreed with the club, the contract to sell the site will be legally binding.
In the letter sent out to members it states: “Working with Gladman is a less confrontational approach, which offers an opportunity to maximise the sale price of the land. In dealing with Gladman, the club can be satisfied that the price paid for the land will reflect actual market value as opposed to a perceived value that is either negotiated with a builder or determined by a third party.”
Before members are tasked with voting on the proposal on Tuesday evening they will be given an opportunity to put their questions to Raymond Dunn - an independent property consultant appointed by the club - and Gladman representative Catherine Wood.
But the decision has already caused upset between many members, with one person’s expressions on the club’s Facebook page seen, by some, as an attempt to sway the votes.
The post, which referred to the club as a “wee gem” was later taken down and was replaced with: “I am sorry if the post this morning has caused any offence, as this was not the intention. The post has now been removed and the Facebook page will remain closed until after the club’s meeting.
“These are my own views and opinions and are not connected to any office-bearers of the club.”
One member of the club responded: “Didn’t cause any offence to those who don’t want to sell our wonderful wee golf club. If those carpet baggers want their 30 pieces of silver kept private then that’s their problem. Keep up the good work. It will be a very sad day if people chose to sell off a piece of local history for what will eventually probably be a small amount of cash.”
Two thirds of the club’s members must vote for the proposal in order for it to be passed.
If it is agreed, a second ballot will ask if money derived from the sale can be passed to family members in the event of a person’s death.
Cambuslang Golf Club officials chose not to comment at the time
Sale Cambuslang Golf Club has been in existence for 124 years