The Kim purchase agreement with the Engineers Pension fund required that they remove their subjects by Jan 10, 2007. We were advised by Mr Paul Kim on Jan 10th that they still have outstanding issues regarding the purchase and that the Pension Fund was unwilling to extend the date for removal of subjects. Paul Kim is still expressing an interest in the purchase but was unwilling to remove his subjects by the due date.
He has requested that any individuals that were planning on joining the golf club as a member but have not yet communicated this to him yet to e-mail him at pkim1977@yahoo.com.
He has also stated that if the sale eventually goes through he would create a special membership category which would address the concerns of the more senior players.
We will continue to keep you advised of any further developments as they occur.
Jim Collie
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