The Doonbeg Golf Club in Ireland has entered into receivership, an Irish process similar to corporate bankruptcy protection in the United States, according to a report by Independent.ie.
Luke Charleton and David Hughes of EY Ireland were appointed as receivers to handle the process for the prestigious resort.
Charleton assured golfers that business would continue as usual for now.
"The Lodge and its facilities are recognised as one of the premier golf and leisure destinations in Ireland and Europe. The Lodge at Doonbeg and Doonbeg Golf Club will continue to trade as normal with all employment being maintained and suppliers being retained. Additionally, there will be no change in the status of members of Doonbeg Golf Club.
"There will be no disruption to services as a result of the appointment, events booked will go ahead as scheduled, and all deposits and gift vouchers will be honoured."
Doonbeg, located in County Clare in the Republic of Ireland, opened in 2002 with a links course designed by two-time major champion Greg Norman. The Lodge at Doonbeg opened in 2006.
The receivers noted that they were confident a successful sale of the property would occur in the near future.
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