The cryptocurrency-funded Links Golf Club — called an “online-based golf collective of over 5,400 members” — said it has entered into an “exclusivity agreement” to purchase Spey Bay Golf Course at Fochabers on the Moray coast of northern Scotland.
The links course was brought to market last month by joint agents Shepherd Chartered Surveyors and Strutt & Parker for £750,000.
“Spey Bay … came on the market in early February,” said the club.
“The course was designed by legendary Scottish golfer Ben Sayers and opened its gates in 1907. 12 of its holes are situated right along the ocean.
“Links courses in Scotland don’t come on the market very often, and with the strict environmental regulations that the country employs, they aren’t built from scratch very often either,” said the club.
“Within days of becoming aware the team was on the phone with KemperSports, operator of Bandon Dunes and our course acquisition advisor, the R&A, top architects & agronomists, Links members located in Scotland, real estate agents, U.K. lawyers and other relevant parties.
“It quickly became clear that this was a once-in-a-lifetime opportunity to acquire a property deeply embedded in the fabric of the game we know and love.”