Last month we reported on Phil's time-share in Ireland (yeah, we're on top of it). New information has recently surfaced and it turns out that Phil is actually a part-owner of the St. Andrews Grand Club. He may never get part-ownership of the Claret Jug, but he'll always have a piece of The Old Course.

The St. Andrews Grand renovation, beginning summer 2006 and ending by 2008, will preserve the exterior architecture of the Victorian red sandstone building. The job will be done by the Hurd Rolland Partnership in Edinburgh, which specializes in restoring historic buildings in an environmentally responsible fashion. Award-winning architect Van Tilburg, Banvard and Soderbergh and internationally renowned Randall Ridless will collaborate on planning and interior design. The club will feature luxury three and four-bedroom residences overlooking the Home of Golf, where the Open Championship is played every five years, allowing buyers to own a share of a timeless treasure. Only 115 memberships to the St Andrews Grand will be accepted.

Residents can play golf at dozens of nearby courses, enjoy limousines, an elegant clubroom with a library, a billiards and game room, a dining room with private dining space, and separate spas for men and women, not to mention sweeping views of the North Sea and access to the beach where parts of the movie "Chariots of Fire" were filmed. Imagine Phil galavanting down the beach with the "Chariots of Fire" theme blasting through loud speakers.

Soon after announcing its plans to develop the St. Andrews Grand at the Old Course, Wasserman Real Estate Capital, LLC has acquired a co-controlling interest in Kingsbarns Golf Links, which has become a popular golf destination. The course runs along the coast from St. Andrews and is designed by Californians Kyle Phillips and Mark Parsinen. Kingsbarns is a par-72 course that extends to 7,126 yards for the championship tees and features sea views along 1.5 miles of scenic coastline.