New bid stalls Wentworth sale

22 November 2004
New bid stalls Wentworth sale

The sale of the Wentworth golf club and hotel to Irish billionaire Sean Quinn has been postponed after a second bid was tabled for the property in Virginia Water, Surrey.

Quinn's £122m offer has been topped by a £130m submission from retail entrepreneur Richard Caring. Caring is working in concert with hotelier Surinder Arora, who is a minority shareholder in the golf club. His Arora International company currently operates four hotels - at London's Heathrow and Gatwick airports and in Manchester.

There were also rumours of a third offer of £132m from a mystery bidder. The club expects seller Chelsfield, which owns 60% of the resort, to clarify the situation this Sunday when it holds its annual general meeting.

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