Spokane (Wash) Country Club’s life as a private club is coming to an end as the M Club withdrew its bid for acquisition.
According to an email to club members on Friday, the M Club, a business group owned by Phil Mickelson, notified Spokane CC on Thursday that it would need to spend more on capital improvements than originally anticipated and it was unable to make the numbers work, leaving any possibility of the club staying intact.
Previous to its withdrawal, the M Club was working with Spokane CC to draft an asset purchase agreement that would eventually be submitted to U.