London, Aug 31: Defending US Open champion Andy Murray may reportedly lose 500,000 pounds after a failed investment in an exclusive Surrey golf course, whose development plans were cancelled by the High Court.
According to The Independent, the Beaverbrook Golf Club would have been the 141st course in the county, where Murray lives with his girlfriend Kim Sears, but a High Court judge quashed the planning permission granted to developers Longshot Ltd.
The report further said that the firm would now have to restore the course site to its original condition, adding that the cost will be added to legal costs and loss of income if the course is not built.
The judge canceling the development of the course had reportedly said that the district council’s decision to grant planning permission on the course site, which he described as an ‘area of outstanding natural beauty’, was perverse, and that the council had ‘erred in law’.
The report, however, said that many environmentalists feel that the unique chalklands of the Leatherhead Downs, where the course was supposed to be built, may never recover from the damage already done.
Along with Murray, British advertising mogul Sir Frank Lowe is also set to lose cash as he had invested 250,000 pounds in the project, which planned to turn the home of the late press baron Lord Beaverbrook, Cherkley Court near Leatherhead, into a hotel and spa, with the golf course, the report added. (ANI)