American Golf Owners Tee Up Gbp 40m Windfall

The ScotsmanAugust 24, 2004

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Summary


BRITAIN'S largest golf accessories chain was sold yesterday, delivering a GBP 40 million windfall for its two owners.

American Golf Discount was owned by Howard Bilton, who will pick up GBP 21.6m, and Tony Norton, who gets GBP 18.4m from the sale of the 61-strong chain of stores to private equity firm LDC.

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Extract


American Golf Owners Tee Up Gbp 40m Windfall

Both men wanted to reduce their involvement in the firm that began trading in a shed p...

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