Transferring ownership is easy although it takes a few days. But pick the right new owner.
Go to club home page, on right "Owner Tools", click on that, and you will see box to fill in new owner. Trick is he/she has to accept through email and WGT has to approve it, so that can take a couple of days.
fireman is wrong. Neither the outgoing nor the new owner have to leave the club to make transfer work. I know because I've been through it 3 times.
BTW, your club is not doing well. 1/2 your members are recruits; that is because only club owner can upgrade them from recruit to member no matter who admitted them. Second, half your members have not played this year, much less in last few months. And only club owner can kick inactive members.
I went through a club that cratered because of inactive owner. I do not want that experience again.
And, as referenced by Don above, we also have backup plan in case something happens to me, although ours is a little different.
Tom (Owner of Black Diamond GC)