Wentworth sold to Chinese-owned business for £135m

By Joe Fish, Reporter

Published: September 16 2014 | 00:50

Last updated: September 16 2014 | 10:27

Chinese-owned company Reignwood Investments splashwa out £135m to buy Surrey's Wentworth golf club - one of the most famous and historic courses in England.

Historic English golf club Wentworth has been sold to a Chinese-owned company for a figure of £135m.

The Surrey venue has been home to the BMW PGA Championship, the biggest event on the European Tour, since 1984 and previously hosted the HSBC World Match Play Championship from 1964 until 2007.

Reignwood Investments have parted with a nine-figure sum to acquire the site, which has three 18-hole courses, and previous owner Richard Caring has promised that the club is "in great hands for the next chapter in its amazing story".

Chanchai Ruayrungruang, founder of the Chinese-owned Reignwood Group, added: "Wentworth is a key strategic acquisition for our rapidly growing luxury lifestyle division, whose unique culture we are dedicated to preserving."

Wentworth hosted the Ryder Cup in 1953 and is also the location of the European Tour headquarters.