Yes, you read the headline correctly. Tell your friends. Tell your family. Tell every single golfer you know that March 16th, 2023 is the day Links, a community of golfers from around the world, entered into an agreement to purchase Spey Bay Golf Club in Scotland.
Just 454 days ago, on December 17th, 2021, the idea of Links didn’t exist. Holiday season was fully underway. Bitcoin was trading at $46,202. LIV Golf wasn’t a thing. Tom Brady was your reigning Super Bowl Champion. ConstitutionDAO had just failed to acquire a copy of the U.S. Constitution… and Mike Dudas was tweeting about how it’d be interesting to see what a group of people could achieve when applying the DAO model to golf. A couple of days later a Discord was spun up, the infamous Google Doc was created, golfers from around the world took notice and Links was off and running.
It’s been an incredible journey up to this point. This announcement is the culmination of hours and hours and hours (and hours and hours) of hard, diligent work over the past 15 months from the core team, community team, contributors and Links membership at large. None of what we’ve accomplished thus far, or what we plan to accomplish in the future, would be possible without the initial energy at the onset of this project. It’s truly a special group, which is why the team waited until a truly special opportunity came to their attention.
That special opportunity turned out to be Spey Bay Golf Club. Spey Bay is one of 247 true links courses located on the Moray coast of Scotland that came on the market in early February. 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. 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.
Fast forward to a month later, March 16th, and Spey Bay is (pending the deal closing) ours. The first Links course has been added to our portfolio. Yes, you also read that correctly, the first Links course. On the Twitter Spaces announcement our CEO Jim Daily said that “we’d love to grow our Links courses to 10 by 2030.”
Jim also said that he and Adam Besvinick, our Head of Course Acquisition, are heading over to Spey Bay this weekend to meet with the current owners, head greenskeepers, and a few of our potential architects, agronomists and partners. Stay tuned and we’ll have you covered with all the details of their trip.
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