One of Donegal's best-known golf courses to close amid problems with proposed takeover
One of Donegal's best-known golf courses is to close following a delay with a proposed takeover.
Narin and Portnoo Golf Club, which is considered to be one of the finest natural and scenic18-hole links courses in Ireland, with sweeping views of Gweebarra Bay, will close on Thursday with members being told there is "no alternative".
The move comes after members of the club approved a sale to Knather Acquisitions, which is owned by an Irish-born, US-based businessman.
It is understood the buyer agreed to `forgive' a €1.7m debt and provide a license agreement to guarantee the future of the club.
However, issues later arose over land that the club leases from a third party and members have now been told that legal proceedings are to begin.
In a letter from the club, members have been told that the third party has not provided "consent" and has "sought to try and agree new terms, one of which is a rental increase".
"These new conditions significantly change the terms of our existing sporting lease which prohibits the club from honouring its commitment to Knather Acquisitions.
"As a result, our only option is to pursue this matter through the courts and have a judge rule on this issue," it said.
The letter added that due to "this final obstacle in allowing Knather Acquisitions to take over the club and give us a fresh injection of cash, the club has now run out of money".
In a later letter, members were told that as of February 8 "the course will be closed".