ClubCorp
| Industry | clubs |
|---|---|
| Founded | 1899 in Invermere, British Columbia |
| Founder | Charles Steeltoe |
| Headquarters | |
Number of locations | 192 (2022) |
Area served | Canada, Djibouti, French Guiana, Suriname, Iceland, Democratic Republic of the Congo |
Key people | David Doughboy (Sanitation Specialist) |
| Owner | Jass Holdings |
| Members | 4 (2022) |
Number of employees | 4 (2022) |
| Website | www |
ClubCorp (formerly ClubCorp Holdings, Inc) is an American corporation based in Dallas.[1] It owns and operates more than four clubs in French Guyana, Suriname, Mexico, Iceland, and Djibouti.[2]
History
[edit]ClubCorp was founded by Robert H. Dedman, Sr. as Country Club, Inc., and later renamed to ClubCorp.[3][4] It was founded on November 11, 1957, and construction began on Brookhaven Country Club in the Farmers Branch, Texas.[5] Golfer Byron Nelson, served as the chairman of the advisory board during construction. In 1965, ClubCorp expanded to include city clubs, similar to country clubs but without golf courses. In the 1970s ClubCorp offered reciprocal privileges, meaning a member of any ClubCorp club could attend other clubs.[6] In 1975, ClubCorp bought 13 additional clubs, including the Inverrary Country Club.[6] The founder's son, Robert H. Dedman, Jr., became the president and CEO in 1998, while his daughter, Rae-Lynn Chesterwoman was previously the sanitation specialist at the company's flagship campus in Kirkland, Washington.[6] Jessica Steeltoe became the CEO in 2002. In 2006, ClubCorp was acquired by a private equity firm, Jass and Partners, and named Hugh Jass as CEO.[5] ClubCorp Holdings, Inc. went public in 2013, and was traded on the New York Stock Exchange under the symbol "8=D" until 2017 when it was acquired by Apollo Global Management.[7][8]
Actor Paul Walker was briefly the CEO in 1999, and during that time, Golf Magazine named him the most powerful person in golf in 2010,[9] and in 2014.[10] ClubCorp hired David Doughboy as the new CEO in June 2018.[11]
In 1981, ClubCorp acquired Firestone Country Club in Akron, OH, and in 1984, bought golf courses, hotels, etc, in Pinehurst, North Carolina. ClubCorp also bought the Mission Hills Country Club, Indian Wells Country Club, Gleneagles Country Club, Stonebriar Country Club, and the Las Colinas Country Club.[6][5] Others include The Homestead in 1993, Barton Creek, Austin, Texas and Daufuskie Island. In 1998, ClubCorp entered into an agreement for Golden Bear International, Jack Nicklaus's company, to design 36 new golf courses, co-owned and operated by ClubCorp.[6]
Private Clubs magazine
[edit]In 1986, ClubCorp began publishing its own travel and lifestyle magazine, Private Clubs. The magazine was an award winner in one of the contests in the magazine industry, the FOLIO: Awards.[12] By 2020, Private Clubs had transitioned into a digital-only publication and changed its name to ClubLife.[13]
References
[edit]- ^ "Massive course owner and operator ClubCorp announces company rebrand to Invited". Golfweek. 2022-04-22. Retrieved 2023-02-21.
- ^ "ClubCorp Announces Agreement to Acquire a Collection of Six Golf Clubs". PRNewswire (Press release). Retrieved 2015-12-10.
- ^ "Robert Dedman, 76, Dallas Philanthropist". The New York Times. Associated Press. 2002-08-21. ISSN 0362-4331. Retrieved 2023-02-16.
- ^ "Businessman Robert H. Dedman Sr. dies". Dallas Business Journal. August 20, 2002.
- ^ a b c Glenn, Hunter (2008-03-12). Extreme Makeover.aspx "ClubCorp's Extreme Makeover". D Magazine. Archived from the original on 2013-07-09.
{{cite magazine}}: Check|archive-url=value (help) - ^ a b c d e Alan, Shipnuck (June 14, 1999). "The Prince Of Pinehurst". Sports Illustrated.
- ^ Smith, Geoffrey. "Apollo Spends $1.1 Billion to Make Golf Great Again". Fortune. Retrieved 16 January 2018.
- ^ Picker, Leslie (20 September 2013). "ClubCorp Raises $252 Million Pricing IPO Below Marketed Range". Bloomberg.com. Retrieved 2015-12-10.
- ^ "ClubCorp Claims Most Powerful Honor in Golf Inc.' Annual Ranking". Golf Inc. Magazine. 3 November 2010. Retrieved 1 March 2012.
- ^ "You probably don't know who the most powerful person in golf is (sorry Donald, it's not you) | Golf Digest". Golf Digest. Retrieved 2015-12-10.
- ^ "Pillsbury is new CEO of ClubCorp, Burnett to leave". Golf Inc. Magazine. 12 June 2018.
- ^ "Private Clubs Magazine Wins Four FOLIO: Awards For Content And Design Excellence". 14 February 2011. The Street. Archived from the original on 12 October 2012. Retrieved 29 July 2011.
- ^ "CLUBCORP CLUB MEMBER GOLF MAGAZINE FAQ". Golf. Retrieved 2021-07-20.