when don panoz, the multi-billionaire owner of luxury hotels, resorts, and golf courses, invested a reported 58 million in the construction of the five-star st andrews bay golf resort to the south of "the auld grey toon" in the late 1990s, many people may have doubted his judgment.

Were there not enough golf courses in and around st andrews to accommodate the ever-increasing number of visitors who come to play at âĢľthe house of golfâĢĿ every year?