A total of 37% of private members' golf clubs in the UK are currently facing financial issues during the coronavirus pandemic, with a number of those clubs facing the distinct possibility of having to close down in 2021.
According to this research, claims The Golf Business, 43% of members of UK golf clubs expect their disposable income to decline rapidly over the next 12 months, while 58% believe their overall consumer spending will also drop significantly.
The survey also indicates that just shy of 10% of golf clubs consider their current cash position as "critical", with 29% claiming it to be "concerning."
This news comes just 24 hours after a third golf club in the UK confirmed it was shutting down due to the impact of COVID-19 - READ THE FULL REPORT HERE.
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