Golden golf sale

IF you have ever wished to own your own golf course, now is the time to swing into action as three have been put up for sale by receivers of the company Martinsa Fadesa, although you’ll need to dig deep since the minimum asking price is a wallet-busting €9.2 million.

The firm has been undergoing a liquidation process since last year, and receivers have now placed the 31.75 per cent stake in the Royal Guadalmina Golf Club on the open market.

Around 2,000 members currently frequent the exclusive Marbella club, which comprises two 18-hole courses and one nine-hole pitch and putt course, plus a clubhouse, driving range, tennis and padel courts, a cafeteria and a swimming pool.

Of the 18-hole courses, the south is renowned for its difficulty, while the north course is shorter and hillier, with more water hazards.

Martinsa Fadesa went bankrupt in late 2014, when it failed to refinance its spectacular debt of €7.2 billion in one of Spain’s largest ever bankruptcy cases.

Bids for the golf club may be submitted until Friday June 24.