Thursday April 14th, 2016
To the Members of Old Oakland Golf Club:
We are pleased to inform you that today the Dawson family and Steve Sterrett signed an agreement whereby an entity controlled by Steve will acquire Old Oakland Golf Club from the Dawson’s.
The transaction is subject to due diligence and customary closing conditions, and is expected to close by the end of June 2016.
Commenting for the Dawson’s, Doug Dawson stated, “It’s hard to believe that Old Oakland has been a part of the Dawson family for almost thirty years. Our father bought, expanded and improved the course. Upon his death, we became the club’s caretakers and saw it through both a national economic meltdown and a devastating fire. Every organization benefits from the occasional infusion of new blood, and for that reason we have chosen to transfer ownership to the capable hands of longtime member Steve Sterrett. We wish to thank all our members who agree with us that Old Oakland is the best golf course on the north side of Indianapolis. We especially thank our staff who, by their dedication, competence and hard work, made the whole experience possible.”
Steve Sterrett added, “I am delighted to have reached an agreement to acquire Old Oakland. As a long time Old Oakland member and resident of Oakland Hills, it was important to me and my family that Old Oakland remain a private, 27 hole golf club, and my plan is to continue to operate it as such. You should expect to see a heightened level of activity around the club, including surveyors on the course, as we work towards completing our diligence and closing the transaction. I also look forward to further communicating with the members after the closing about my vision and plans for our club, and to hear your thoughts and ideas.”