Credit Crunch Affecting Golf
posted in Golf Debate |You can’t pick up a newspaper, visit a website or have a conversation with someone at present without the current Credit Crunch or global market condition being mentioned in some form.
Companies are being affected on a daily basis with even the major companies recording record losses for 2008. With Christmas coming up this is surely to still be maintained and it could be a very tough for small businesses as well as large companies this Christmas.
Could the Credit Crunch be affecting Golf? The answer is yes and in a number of ways.
When people start to feel the financial pinch it is often hobbies and sports, which are cut back on. Golf can also be very expensive with golf membership costing an average of £1000 per year, then your travel expenses throughout the year added on top and also the cost of golf clubs, golf balls and golf clothing.
To golf there is also the social side, which usually means a few beers after a game or even a weekend away with the lads and a night or two stay in a hotel again both these can be very costly.
To let you into a little insight I have just ordered a brand new gap wedge as I wanted one and not because I needed one so it got me thinking especially after the guy on the phone said it had been a quiet few weeks in terms of sales.
Will golf membership renewals be lower this year in the current credit crunch the answer is probably yes. Will people have to take out a loan to pay for there golf memberships in the coming months the answer is probably yes for some people. Times are tough at present but the golf course could also be the perfect escape from all the financial problems people are having.