sleuth
Active member
My wife and I are looking into four different clubs in our area and would like to get a good idea of the difference between equity and non-equity clubs. Should either type of club really effect our final decision? We're a young couple and are looking at Junior memberships, so the equity clubs may seem less appealing to us at the moment, but I want to make sure I have all the facts straight.
Non-equity looks like that the owners will do what they believe will maximize profits for the club. Whether it's in the members best interest or not. This can mean hosting multiple outings and tournaments in a given golf season and renting out event space within the clubhouse.
Equity means you own a part of the club and you contribute money each month towards a capital fund. Once you reach a certain age you would be eligible to begin voting and voicing your opinion towards improvements, etc. That seems great if I plan on staying for a long time, which I am unsure of. I would venture a guess to say that equity also means that there are less outings, events and rented time from outsiders. The pro shop is also member owned and I receive large discounts on equipment, yay.
So this is my ignorant assessment based on a couple of my visits and what I've read online. So please feel free and add anything that would sway my decision one way or another.
Non-equity looks like that the owners will do what they believe will maximize profits for the club. Whether it's in the members best interest or not. This can mean hosting multiple outings and tournaments in a given golf season and renting out event space within the clubhouse.
Equity means you own a part of the club and you contribute money each month towards a capital fund. Once you reach a certain age you would be eligible to begin voting and voicing your opinion towards improvements, etc. That seems great if I plan on staying for a long time, which I am unsure of. I would venture a guess to say that equity also means that there are less outings, events and rented time from outsiders. The pro shop is also member owned and I receive large discounts on equipment, yay.
So this is my ignorant assessment based on a couple of my visits and what I've read online. So please feel free and add anything that would sway my decision one way or another.