HUNTSVILLE, Ala. (WHNT) -- The Huntsville Country Club is now under new ownership.
The club's shareholders voted Wednesday night to sell their holdings to the Huntsville Golf Club, LLC.
The group consists of six existing club members.
"Huntsville Country Club is open and we are now alive and well," said Huntsville Golf Club President Dave Tolliver.
The deal pays off the club's more than $2 million of debt.
The sale is expected to close by Monday.
"I'm very proud to know that we're surviving and I think we got good people in charge and going to help us to keep on," said Walter Crumpton.
The 95-year old joined the club in 1955.
Thanks to the sale, Crumpton and the rest of the members will be able to keep playing golf there.
"This group didn't come together until they absolutely had to," said club member Scott Boyett. "We were filing bankruptcy and we were moving forward and it was going to go away and sometimes that triggers people to act."
The new owners met with the club members immediately after the vote to outline their vision for the future.
They plan to fix the course, add new carts, update the clubhouse and improve the parking lot.
Once the sale is finalized, the club will likely close for a few days to make some of those repairs.
With a more hard-nosed business approach, the owners will also collect membership dues in advance, re-evaluate staffing and shop for competitive vendors.
"Anything that's going to be managed, needs to be managed right," said Tolliver, "so I'm just going to bring a lot of years of experience of managing things."
Tolliver also plans to host special events and weddings to generate more revenue.
He says the club will continue to operate as a semi-private club until membership numbers recover.
His goal is to not raise membership dues.