After buying the Nanso Country Club in 2006, and putting the club under bankruptcy protection (with liabilities of 12.8 billion Yen) in January of 2010, Goldman Sachs lost control over the management of the club in a court petitioned filing on July 6, 2010.
Exclusive golf club members did not approve of Goldman’s bankruptcy rehabilitation plans to allow more visitors to use the course, because it would dilute the exclusivity of the club.
Read the full article here.
View the google map location of the course here.
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