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Phil Mickelson buying San Diego golf course

September 10, 2014

Phil Mickelson is teaming up with San Diego Union-Tribune Publisher "Papa" Doug Manchester to buy the Fairbanks Ranch Country Club north of San Diego and south of Mickelson's home in Rancho Santa Fe. The club's 400 members are expected to approve the sale during their annual meeting tonight, according to the Union-Tribune. Neither side has disclosed the sale's terms and conditions.

The club includes three courses, tennis courts and a clubhouse situated on 377 acres of land leased by the city of San Diego.

"We are excited to have two such prominent community leaders and successful club owners partner to make the ongoing investment in facilities, programming and execution necessary for FRCC to maintain its position as one of the premier country clubs in San Diego on a long-term, sustainable basis," FRCC Board President Mike Kendall wrote in an email to members that was obtained by the Union-Tribune.

Former Board President Louis Ferrero told the newspaper that Mickelson and Manchester got involved after the club discussed selling to another buyer. Manchester and Mickelson offered a more ambitious improvement plan that includes upgrading the golf and tennis facilities and building swimming pools and a full-scale health club, he added.

The club property was the site of the equestrian events during the 1984 Summer Olympics in Los Angeles. The Olympics helped sell homes and attract golf club members and, since then, the club and other investors have offered to buy the property from the city. The city never sold, though, and the club operates under a lease that extends to 2044.




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