The Belfry 'up for sale after £105m debts unveiled'
World renowned golf resort The Belfry has been put up for sale after amassing about £105m of debt, reports suggest.
Business advisory firm Ernst & Young has been appointed to look at options for the Warwickshire site.
The 550-acre golf club and hotel venue was bought by Irish investors The Quinn Group in 2005 for £186m.
Reports that the debt-ridden site is heading back onto the market come months after The Quinn Group faced financial ruin; leaving the Belfry in the hands of the Anglo-Irish Bank and US insurance firm Liberty Mutual.
A source told reporters: "The Belfry is up for sale. It has been a cash generator for years although it does need a major refurbishment.
"There is likely to be quite a lot of interest, especially bearing in mind that the Belfry is the PGA [Pro Golf Association] headquarters."
One report suggested an unnamed Malaysian investor had submitted a £90m offer for the Belfry.
The Belfry has not yet commented on the speculation.
