Dear Members,
You may already have heard rumours that The Groucho Club may be about to change ownership.
I am pleased to be able to confirm that we have today completed a management buyout of the Club, backed by a new group of shareholders which includes the current owners, Graphite Capital.
We now also welcome two small institutional investors: Alcuin Capital and Isfield, along with several private individual investors. Happily, I am confident that they all share our passion for the Club and the unique nature of the Groucho and its members.
I am delighted to tell you that we have also begun to look for a property in lower Manhattan so that we can have a long overdue home for members in New York, with more news on this to follow.
Crucially, there are no plans to alter the club’s ethos or operation in any way that would change the nature of what we do and how we do it. We will continue to upgrade the old and worn out parts of the Club and also continue to celebrate our 30th birthday this year.
I hope you will join me in taking the Club into our next exciting chapter with as much enthusiasm and support as you have done over the last 3 decades.
I would like to thank John Lewis for the last 8 years in his role of Chairman of the Club. His support, leadership and experience has been appreciated by me and I’m sure felt by members during his time here.
Nick Hurrell will join the management team as Chairman having been instrumental in bringing this plan together. Nick has been a hugely supportive and active member of the Club for 15 years.
Please let me know if I can answer any questions or concerns you might have, or indeed if you would like to hear personally about our exciting future plans.
I hope to see you in the Club very soon.
With best wishes,
Matt