'Greg Norman fails to acquire Valderrama Golf Club' says PR company

SOTOGRANDE (Source: Maclaurin Media) We received a communication a few minutes ago from a PR company that seemingly represents members of the Valderrama Golf Club. It says, in its entirety: "The Stripe Group, the Company fronted by Greg Norman, has failed to close the deal to acquire the assets of the Valderrama Golf Club in Southern Spain from its current owners, the Patino family, for the third timeThere is now speculation as to the Stripe Group’s ongoing intentions. Meanwhile further legal action has been launched by the members to challenge the validity of planning applications for several plots of land adjacent to the golf course, which form part of the acquisition proposal.
The membership is against the Stripe Group’s proposed acquisition and has instigated legal action>

Mayors 'pleased' about Valderrama's new owners and continuation of events and projects

SAN ROQUE/CASTELLAR Two of the Campo's mayors, Fernando Palma of San Roque and Francisco Vaca of Castellar, have recently expressed themselves about Greg Norman's company, The Stripe Group, having bought the Valderrama Golf Club, continental Europe's best, from the Ortiz-Patiño family. Palma was pleased that the Andalucía Valderrama Masters (neé Volvo Masters) is still scheduled for October 28 to 31, while Vaca, for his part and having contacted Valderrama management, has said that the project for a 'second' Valderrama in Castellar is 'going ahead as planned'. This project, at La Cierva and La Guillena estates, remains in the hands of the original developers, the Ortiz-Patiños.

Greg Norman buys Valderrama

SOTOGRANDE (Agencies) A company co-owned by champion golfer Greg Norman (photo), The Stripe Group Ltd, has bought the Valderrama golf club in Sotogrande from Soto Properties. Advised by Banif, a private banking affiliate of the Santander group in Spain, the Australian former golfer and entrepreneur's company says in a press release that the operation is carried out "to reinforce our position in the golfing event business in the global market." The Stripe Group created such events as the Dubai World Championship and The Race to Dubai, among others. According to the presss release 'the interests of the [Valderrama Golf Club] members will be well taken care of." Valderrama, which hosted the 1997 Ryder Cup that gave the area an enormous boost, is ranked the best course in continental Europe, according to Golf Monthly Review.