The members of Spain’s Real Club Valderrama (RCV) have acquired Valderrama SA, the company that owns Valderrama Golf Course, from Zagaleta International United Kingdom for €28 million.
The RCV, established as a non-profit sports association in 1985, has been a tenant of the Sotogrande golf course for almost three decades.
The purchase agreement means that the RCV now owns the championship golf course, which hosted the 1997 Ryder Cup and is the venue for the European Tour’s Andalucia Valderrama Masters. The private club also receives the par three course, practice facilities, clubhouse, Valderrama Golf trademarks and several residential plots adjacent to the course.
However, the Zagaleta group will continue with a neighbouring golf, hotel and residential project in Castellar de la Frontera.
The club, which currently has 450 members from 40 different nationalities, is thought to have invested more than €5 million in the complete renovation of greens, ante-greens, tees, bunkers, irrigation system and practice areas.
Last weekend’s 2017 Andalucía Valderrama Masters was won by hometown favourite and defending champion Sergio Garcia, who beat the Netherlands’ Joost Luiten by one stroke.