by Steve Ottman
The Bull at Pinehurst Farms has been purchased recently for $2.41 million by Jon Dunfee and Randy Groth of Cedarburg.
They are owners of LaBudde Group, an agricultural commodities company.
The Bull in Sheboygan Falls is the only Jack Nicklaus-designed course in Wisconsin.
The sale was scheduled to close by now.
If it went through, the golf course could reopen for play in July and The Bull could resume hosting events previously scheduled, including wedding parties, reunions and other group parties and gatherings.
Virginia George, the trustee appointed by the bankruptcy court to pursue a sale, hailed the purchase agreement for protecting all parties that had posted deposits for events at The Bull.
The purchase cancelled a sheriff’s sale of the foreclosed property that had been scheduled for June 23.
Earlier this year, Milwaukee businessman Scott Molitor had offered $3.1 million for The Bull, but that offer was withdrawn just days before its scheduled closing.
The golf course hasn’t been open yet this season.
However the bank has been keeping the course maintained.
Information on the sale was originally reported by http://www.wisconsin.golf.