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Re: Detailed WGT Accounts

• Chinajohn 1,190 Posts

  Thu, Jan 17 2013 7:04 PM

  Does WGT publish detailed accounts as is the requirement for most companies and if so where are they published?

  I ask because I would be interested to see what their financial status actually is before I 'invest' more of my hard earned money (I'm getting ready to buy new clubs), and I would also be interested to find out what activity earns them (WGT) the most money, rake? clubs? balls? green fees? And of course their largest expenditure, (I guess course design) but the costs of the payouts to elite level players may be revealing too.

• SHRUDE 5,835 Posts

  Thu, Jan 17 2013 7:56 PM

  Chinajohn:

  the requirement for most companies

  WGT isn't most companies, they are their own entity and are bereft of common law of the land.

  I doubt even WGT would have this info on hand and if they did they dont have anyone available to be able to impart that info to us.

  You canGoogle WGTand find a lot of info , but most are advertorials.

   

• saltiresfan 2,266 Posts

  Fri, Jan 18 2013 4:10 AM

  I think I remember someone saying that it's not a requirement for private companies in the States. We're a private company over here yet I have to publish my accounts.

• 9,041 Posts

  Fri, Jan 18 2013 10:25 AM

  You don't want to know !!

  It could bring on cardiac arrest, and after shattering your mandible on the floor that's the last thing you need.

  Ignorance really is bliss...

  Andy 

• SPINO1 5,394 Posts

  Fri, Jan 18 2013 12:33 PM

  Heres a snippet from Forbes

   

  WGT’s golf-game success is in large part the result of its painstaking attention to the look and feel of each course. Sun dapples the fairways, and wind rustles the trees(ONLY WHEN THE BALL HITS THEM) in each of the 15 courses it has captured so far, including Congressional, Bethpage Black, Olympic Club, Pinehurst No. 8, the Old Course at St. Andrews and the Kiawah Island Ocean Course. It is adding two to three new ones per year,(LMAO) and there’s a waiting list of 14 courses from countries such as Japan, Korea, Sweden and Brazil that want to be incorporated into the game.

  Once a course is done and WGT has recouped its costs from the first several thousand players, it makes a healthy marginal profit from each additional player who tees off.

• borntobesting 9,775 Posts

  Fri, Jan 18 2013 12:40 PM

  American companies only have to publish detailed accounts to their stock holders. Companies that are not publicly traded do not have to publish detailed accounts. And quite frankly the general public has no right to know say that a certain plastics manufacturer lost 1/2 Million dollars because a certain Appliance manufacturer refused a price increase when the price of plastic raised dramatically. Or that the same plastics company made $100000 because another appliance manufacturer did grant a price increase for the same reason.