From The Telegraph:
Members of one of Britain’s most prestigious golf clubs have threatened legal action against their new foreign owners over plans to introduce a £100,000 fee.
Reignwood, the Chinese conglomerate that bought Wentworth, in Surrey, for £135 million, also wants to reduce the number of members from 4,000 to 800.
Those invited to rejoin the club will be charged a one-off payment of £100,000 while annual fees will rise from £8,000 to £16,000.
Well played Reignwood! If 800 people are dumb enough to rejoin for £116,000 up front, then Reignwood has recovered three quarters of its initial outlay of £135 million.
If this had happened to anybody else, they'd have my full sympathy, but in this case the plaintiffs are all city financiers and people who live in multi-million pound mansions surrounding the course. Serves them right for not buying up the golf club themselves i.e. 4,000 members @ £33,750 each.