Buyers back out of bid for Indian Springs Country Club
BY ROBERT EVATT World Staff Writer
Tuesday, June 19, 2012
6/19/12 at 3:27 PM
The $4 million bid to buy Indian Springs Country Club in Broken Arrow has fallen through.
A statement released by auction company Williams and Williams said the group with the winning bid, identified only as a group of local investors, “has chosen not to perform its obligations as set forth in the terms of the contract of sale.”
Amy Bates, chief marketing officer for Williams and Williams, declined to elaborate what happened with the $4 million bid, though she said that the company is working hard to find a buyer for the club.
“Our number one focus right now is effectuating a sale for the sellers as soon as possible, and have some closure for the seller,” she said.
Bates said they’re in contact with other bidders and other parties that were interested in the club, and are hoping to find a new buyer quickly without having to redo the auction.
Though Williams and Williams has conducted thousands of auctions around the world, Bates said that only two percent of completed auctions go into default.
In this 2005 file photo, a golfer tees off on the first hole at the Indian Springs Country Club in Broken Arrow. Tulsa World File