Skip to content
Sunday 23 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,816.56
+0.64%
DAX
26,136.56
+0.59%
CAC 40
8,484.43
+0.37%
STOXX 50
6,462.22
+0.63%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 07 March 2016 6:30 am

Wentworth Golf Club threatens Russian mining boss with legal action for claiming that new fees could break FCA regulations

By: Edith Hancock

Add as a preferred source on Google

As a legal row over the golf club’s £100,000 joining fee rages on, Wentworth’s boss is starting to fall out with key figures on the estate.

Wentworth has sent a letter threatening legal action against its own tennis captain, after he suggested in a a separate missive that the proposed new membership costs breach regulations set by the Financial Conduct Authority.

Kirill Klip, the Russian-born chair of mining firm TNR Gold, has been called up to the club for a dressing down over his conduct “with particular reference to [Klip’s] contravention of the club’s rules and bye-laws regarding behaviour".

Klip told The Capitalist that Stephen Gibson, the golf club’s CEO, was using “bullying tactics” against him.

The telling off is surely heartbreaking for both bosses. Only last month Gibson told The Capitalist that he had a “very good” relationship with Klip, and was due to chat to him later that day. What went wrong?

Klip said: “I’m totally shocked and appalled that the CEO has resorted to these bullying tactics. Everything was always civil between us, but after this aggressive legal letter I feel harassed.

“We have lawyers, executives and other seasoned professionals fighting against these unacceptable changes.”

A spokesperson for the golf club told Morning Wire: “It is a private matter between Wentworth Club and the member involved. As a result, it would be inappropriate to comment further.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Related Topics

  • Golf

Trending Articles

  • Can debt-ridden Morrisons become a Big Four supermarket again?

  • Ratcliffe’s Ineos saves Runcorn plant

  • Mike Ashley’s Frasers offers to pay personal shoppers in Harvey Nichols takeover

  • Amazon says it buys books in bulk to ‘improve products’

  • Burnham predicted to raise taxes for ‘fundamental’ cost of living support

More from Morning Wire

  • American Express tees up golf’s St Andrews as it expands its sports portfolio

    Sport Business
    Golf course with the Old Course Hotel and town buildings in St Andrews, Scotland, under cloudy skies.
  • Champions Cup rugby team hacked in ransom attack with player data at risk

    Sport Business
    Rugby player in a pink uniform running with the ball, pursued by an opponent in a black jersey.
  • Prem Rugby team ditch Big Game fixture at Premier League ground

    Sport Business
    Empty stadium stands with large banners supporting MND awareness, Gloucester Rugby, and the Slater Cup.
  • Liverpool FC eye US retail empire to steal march on Premier League rivals

    Sport Business
    Large display screens featuring Liverpool FC players Alisson Becker and Harvey Elliott in a retail store window.
  • Staveley planning ‘big property play’ as she closes in on West Ham stake

    Sport Business
    Smiling woman with blonde hair and black sunglasses in a black coat
  • Liverpool owners tipped to sell – but not to Amazon boss Bezos – by former CEO

    Sport Business
    John W. Henry and Linda Pizzuti Henry with the Premier League trophy at a stadium.
  • Law firm at centre of BHP mammoth lawsuit sued by its own funder

    Lawsuit
    UK class actions surge, lawyers perceived as primary beneficiaries, public awareness highest since 2020, report finds
  • Burnley axe main sponsor Finotive after just six weeks and promote Vertu to shirt

    Sport Business
    Smiling man in Burnley FC kit with Finotive One sponsor, arms outstretched, on a football pitch with stadium stands behind.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook