The Foreclosure Crisis Hits Golfers
Even golf has been affected by the foreclosure crisis. The much anticipated Byron Nelson tournament may see its last year at the Four Seasons Resort and Club in Irving, Texas. The 400-acre luxurious resort will be going into foreclosure auction on February 2nd in Dallas County.
The U.S. Bank is seeking to get back $183 million back for a default loan taking out by BentleyForbes. The Byron Nelson golf tournament will not be affected this year but who knows what will happen in 2011. BentleyForbes is reportedly working out a solution with its lenders.
January 14, 2010 | Filed Under Athletes in Trouble
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