News & Events
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March 7, 2010
Golf Resources Group Press Release
Contact:
Leigh Goodall
Sunwest Communications
214.373.1601D.A. Weibring’s Golf Resources Group to Provide Restructuring, Repositioning and Turnaround Management
Company expands to meet economic need for golf coursesDALLAS (February 20, 2010) –Golf Resources Group, a golf course advisory management firm, has expanded its services to include the restructuring, repositioning and turnaround management for public and private golf facilities
“The current state of the economy has had a major impact on the financial stability of new and existing golf courses. We understand what it takes to make a golf property successful, whether that means club management, stabilizing operations or analyzing the financial state of the course,” said D.A. Weibring, chairman of Golf Resources Group.
Serving golf property owners, secured lenders, investors and other golf course stakeholders, Golf Resources Group provides turnaround consulting, financial restructuring, and the development and execution of business plan strategies as well as sales and marketing strategies, crisis interim management and working capital management. In addition, Golf Resources Group will continue providing club management in existing facilities, repositioning of current facilities and the launching of new facilities.
“With almost 25 years of experience and knowledge of the golf course industry, we will provide our clients the direction, leadership and expertise needed to improve and maximize their business performance and potential,” Weibring said.
Golf Resources Group is currently working on three projects for clients in Iowa and Illinois. They include: turnaround management for Glen Oaks Country Club in West Des Moines, IA, operational and marketing consulting for Weibring Golf Club at Illinois State University and start up golf course management for Metamora Fields Golf Club in Metamora , IL
Leading the daily efforts for the Golf Resources Group is Bill Kirkendall, CEO, and Dan Budzius, who will serve as president/director of operations of Golf Resources Group. Weibring serves as founder and chairman and Steve Wolfard, lead architect.
Kirkendall joined Weibring in 2006 and has 25 years of executive management, restructuring and sales/marketing experience. Budzius brings more than 20 years of leadership in golf operations to the team. Previously, Budzius worked on golf courses in the United States, Europe and Mexico as an area manager and general manager with Troon Golf, a leader in upscale golf management. Budzius has also been a member of the PGA of America since 1991.
D.A. Weibring/Golf Resources, Inc. was founded in 1987 by Weibring, a 13-time winner on the PGA, Champions and other international golf tours. In 1997, Weibring was joined by award-winning golf course architect Steve Wolfard, and in 2008, the company reintroduced itself as Weibring-Wolfard Golf Design, Inc. to reflect the collaboration between the two. Today, the company is proud to expand their range of services through the addition of the Golf Resources Group division.
About Golf Resources Group
Golf Resources Group is a restructuring and turnaround management advisory firm that specializes in eliminating or reducing financial harm and improving the business operations for golf properties. Golf Resources Group serves golf property owners, secured lenders, unsecured creditors, investors and other stakeholders. Services include corporate restructuring, turnaround consulting and crisis interim management, and golf operations management. The firm also has extensive experience in start-up and management of new and existing golf properties. For more information visit the website at: www.golfresourcesgroup.com.
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March 1, 2010
Bank hires PGA’s Weibring for Glen Oaks
Glen Oaks Country Club members were reintroduced Thursday evening to professional golfer D.A. Weibring and told that his management company, Golf Resources Group, has been given a consultant’s contract to help run the financially strapped West Des Moines golf course.Making the introduction was David Milligan, chief executive of West Bank, which is owed a little more than $8 million by the country club. The bank is expected to acquire title to the Glen Oaks course and club house at an April 29 sheriff’s sale.
Glen Oaks members first met Weibring when he won the PGA Champion’s Tour event held at their golf course in 2004. Since then, the finance of the club have stumbled, while Weibring’s management company has prospered. Weibring now works with 50 private and public golf courses around the country, including two Tournament Players Courses where PGA events are played.
Milligan said Weibring’s group “won’t replace the staff.” Weibring will be looking for ways to decrease expenses without cutting services. Instead, he said, the plan is to make the operation more efficient and increase revenues.
The bank plans to eventually sell the country club and has had discussions with potential buyers. So far, Milligan said, no one has offered enough money. The contract with Weibring is short-term but can be extended, he said.
Blog post by David Elbert • delbert@desmoine.gannett.com
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February 19, 2010
Welcome to the New Website
Golf Resources Group has just launched the new website. As our portfolio of fantastic golf properties continues to grow, we will keep our website up to date with our recent aquisitions and mergers. Please contact us if you have any questions.