UAE Dubai Prepping Bids For Future Open, Ryder Cup Venues
Monday, March 3, 2008 at 07:40 PM
Geoff in Golf Business

Thanks to reader Edward for the story, broken by The Observer's Richard Wachman:

United Arab Emirate Dubai is teeing up bids worth at least £400m for three premier Scottish golf courses: Turnberry, Gleneagles and Loch Lomond.

It is understood that Dubai World, a state-owned business with interests in leisure, property, financial services and container ports, is in advanced talks to acquire the Turnberry course and adjacent luxury hotel from its US owner, Starwood Hotels and Resorts.

Turnberry, which is hosting the Open Championship in 2009, was put up for sale at the end of last year. Starwood is selling on condition it retains the right to manage the resort after a sale is agreed.
And...
A source in the Gulf says: 'Dubai is seeking trophy sporting assets. It wants to be behind leading golfing tournaments, which would help it to promote its own Dubai Desert Classic competition.'
Oh this ought to be fun.

 

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