A group of Roanoke Country Club members has cancelled the majority of the club’s debt and provided substantial working capital in exchange for an equity position plus ownership of the club’s real estate. George Vogel III is the former RCC board president and current representative of the equity group, he says, “The deal means the group has retired most of the debt, and the club will have a long-term lease on the property for the foreseeable future.” The Roanoke Country Club is a private clue renowned for its clubhouse, 27 holes of walkable golf, along with first-class tennis and aquatic facilities.
