The LinksDAO acquisition committee will make a “compelling offer” to buy the golf course if the vote is in favor.LinksDAO, a golf business run by a decentralized autonomous organization (DAO), may bid $900,000 for Scotland’s Spey Bay Golf Course.
After weeks of informal consultation, LinksDAO, a “global association of golf lovers,” opened the proposal vote on Feb. 20.
DAO’s first golf course purchase.Around 88% of the 4,100 LinksDAO token holders have voted for the proposal before voting closes on February 22 at 12pm Eastern Time
The plan states that the LinksDAO acquisition committee will meet with the necessary stakeholders to create a “compelling offer” to buy the club “with the full goal ofsuccessfully acquiring the golf facility” if the vote is in favor.
The present LinksDAO token holder vote on the Scottish golf course offer. LinksDAO
“Bez”, “Jim”, “cbruce”, and “nickwalkermsu” wrote that “this listing was too special to ignore” notwithstanding the DAO’s study into US golf course purchases.
Spey Bay Golf Club in Scotland is our first golf course purchase. This vote decides if we should submit an offer and buy the course.”The writers said the course is “playable today” and worth investing in due to its high ceiling to low price ratio.
“Even a price of quadruple the ‘guide price’ would be cheaper than most subpar courses we have reviewed thus far in the US,” the authors said.LinksDAO shortened the voting window to 48 hours to act quickly and perhaps achieve a reasonable price for the club:If we join the sale, we must act quickly. […] We will complete this purchase while pursuing US course(s).
Golf Business News reports that LinksDAO will offer around $900,000, which is its current market value.
Fochabers, 3.5 hours distant, has an 18-hole golf course.The DAO said it would use crowdfunding capital to finance the purchase and move funds from its treasury to a business bank account to sustain operations.Within 30 days after acquisition, the proposal stated.
LinksDAO became a DAO in January 2022 after selling 9,000 “leisure” and “global” membership NFTs on OpenSea in 24 hours to raise $10.5 million.According to OpenSea, 5,302 Ethereum-issued LinksDAO memberships are owned.Memberships start at 0.29 Ether, or $480 at current pricing.
CoinGecko reports a $4.34 million market cap for LinksDAO, but its treasury is unknown.
Basketball star Stephen Curry joined LinksDAO. He may still retain tokens.
