MCGLADREY PRIVATE-CLUB REPORT Golf at the private-club level might have its economic strug- gles. But a recent study from McGladrey, one of the leading firms in tax and assurance consulting, indicates certain
private clubs might be bullish on their future.
McGladrey has been studying private clubs in Florida
for more than 40 years, and it highlights “flourishing
operational results” in its most recent report, which
studied clubs with an average joining fee of nearly
$70,000. Among the findings: 42 percent of the
study’s clubs were planning significant improvement projects at an average amount of $6.9 million.
Also, 62 percent have positive working capital, up
from 54 percent a year ago. Meanwhile, the average
number of memberships in the clubs was up almost
7 percent since 2010. —Mike Stachura
Playing along: Johns Island Club in Vero
Beach, Fla., was part of the study.