| Business Summary | | Family
Golf
Centers,
Inc.
operates
golf
centers
in
North
America,
which
provide
a
wide
variety
of
practice
and
play
opportunities,
including
facilities
for
driving,
chipping,
putting,
pitching
and
sand
play.
Its
golf
centers
typically
offer
full-line
pro
shops,
golf
lessons
instructed
by
PGA-certified
golf
professionals
and
other
amenities
such
as
miniature
golf
and
snack
bars
to
encourage
family
participation.
The
Company
also
operates
other
sports
and
family
entertainment
facilities,
including
ice
rinks
and
Family
Sports
Supercenters,
which
have
two
or
more
sports-related
attractions,
such
as
golf,
ice
rinks,
bowling
centers,
soccer
facilities
and
batting
cages,
as
well
as
a
variety
of
family
entertainment
activities.
As
of
December
31,
1999,
the
Company
owned,
operated,
managed
or
had
under
construction
115
golf
facilities
and
25
ice
rink
and
family
entertainment
facilities
in
23
states
and
three
Canadian
provinces. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Family
Golf
and
subsidiaries
operate
golf
centers
designed
to
provide
practice
opportunities,
including
facilities
for
driving,
chipping,
putting,
pitching
and
sand
play.
For
the
nine
months
ended
9/00,
revenues
fell
18%
to
$103.8
million.
Net
loss
before
extraordinary
item
rose
52%
to
$98
million.
Revenues
reflect
credit
restrictions
and
liquidity
constraints.
Higher
losses
reflect
a
$32.8
million
loss
provision
and
a
$6.7
million
professional
and
bank
fees. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Philip Gund Chairman,
CEO | -- | Robert Sundius CFO | -- | Richard Hasslinger, 49 Sr.
VP, Regional Mang. | $110K | William Schickler, III, 51 Sr.
VP, Regional Mang. | 115K | Margaret Santorufo, 34 VP,
Controller | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|