In the early years of “The Great Depression”, golf immortal Bobby Jones and his colleagues believed that the economy would soon turn around and businessmen in the northeast US would flock to an exclusive golf club open only during the winter months. Like so many others, Jones miscalculated the ravages of the financial downturn and his beloved golf club, Augusta National, found itself in the jaws of financial ruin. I created this infographic to tell the story about how Augusta National and the Masters emerged from the shadows of bankruptcy, foreclosure and debt.
The Masters – A Bankruptcy Unlike Any Other
Ronald J. Drescher has been practicing since 1986 in the areas of business transactions, commercial litigation, loan documentation, bankruptcy, creditors’ rights, and out-of-court workouts. His experience also includes corporate reorganizations, insolvency, business and tax planning.
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