australia Allied Farmers Sells Troubled Nicklaus Course

The beleaguered Jack Nicklaus signature golf course at Kinloch has changed hands for the second time in two years, the New Zealand Herald reports.

The deal is good news for shareholders in rural services company Allied Farmers, which has now managed to extract itself from the troubled Kinloch mortgage it inherited when it bought the loan book of Hanover Finance last year.

"We have no further association with Kinloch and I'm very happy," Allied managing director Rob Alloway said.

To read the entire story, go to Kinloch Goes to Poultry Family.