Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
A Chinese investment group has become the largest operator of golf courses in Myrtle Beach, South Carolina, known as the seaside golf capital of the US because it has more than 100 courses.
Founders Group International acquired last month the majority of the assets of National Golf Management, which had been the largest owner/operator in the area with 12 courses.
Founders has not been alone in acquiring courses in the area. Other Chinese groups, families and individuals have purchased courses and related assets. According to the Charlotte Observer newspaper, investors from China have purchased 27 of the area's 80-plus public courses since June 2013.
Brad Dean, president and CEO of the Myrtle Beach Chamber of Commerce, estimates that Chinese now own about 25 percent of the region's golf industry.
Founders Group International is mainly owned by Chinese investor Dan Liu and New York resident Nick Dou, the group's president. Before the latest purchase, Founders had acquired several other courses in the area.
"I was attracted by the golf, Myrtle Beach's close location to the ocean and the wonderful weather," Dou told China Daily. "Many Chinese have heard of, and in many cases visited, San Francisco, New York and Florida. But almost none of them knew about Myrtle Beach. I told them it was a diamond in the rough and then brought them to visit."
National Golf Management employs about 700 people, according to Dou.
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
Related coverage
Luxury golf club 'ignored govt ban'
22 Feb 2015
Hyundai drop China Ladies Golf Open sponsorship
04 Sep 2017
China Royal Trophy golf event postponed
17 Dec 2014
Tiger Woods paid his ninth-time commercial visit to China
26 Apr 2015
Wu Ashun accepted sponsorship from BMW
28 May 2015
More from Yutang Sports
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Yutang Sports
loading...