Who Owns Pebble Beach Golf Course in California?

By Sarah Miller · January 13, 2029

Pebble Beach Golf Links in California is owned by Pebble Beach Company, which is majority-owned by a consortium led by Clint Reilly Communications, Silicon Valley Businessman Douglas M. Manchester, and the family of the late Clint Reilly, following a 2018 acquisition.

Overview of Pebble Beach Golf Course Ownership

Pebble Beach Golf Links, one of the most iconic golf courses in the world, is located on the Monterey Peninsula in California. The course has hosted multiple U.S. Open championships and is renowned for its scenic coastal layout. The ownership of Pebble Beach has evolved over time, culminating in a private ownership structure that emphasizes preservation and elite golf operations.

History of Ownership Changes

The history of Pebble Beach's ownership reflects shifts in American business and luxury recreation interests:

1919–1979: Originally developed by Samuel F.B. Morse and his family, who established the Pebble Beach Company.
1979–1999: Acquired by Japanese businessman Minoru Isutani, later sold to Japanese conglomerate Taiheiyo Club.
1999–2018: Purchased by a group including Arnold Palmer, Peter Ueberroth, and other investors, forming the current private operating entity.
2018–Present: Majority stake acquired by a consortium led by Clint Reilly Communications, Douglas M. Manchester, and affiliated investors.

Current Ownership Structure

Primary Stakeholders

The current ownership of Pebble Beach Golf Links is held under Pebble Beach Company, a privately held corporation. The principal owners include:

Clint Reilly Consortium: A media and communications group based in San Francisco.
Douglas M. Manchester: San Diego-based billionaire and owner of the Manchester Financial Group.
Peter Ueberroth: Former MLB Commissioner and original investor retained a minority interest until recent restructuring.

Operations and Management

The Pebble Beach Company manages not only the golf course but also adjacent properties including The Lodge at Pebble Beach, The Inn at Spanish Bay, and Spyglass Hill Golf Course. Key operational aspects include:

Hosting PGA Tour events such as the AT&T Pebble Beach Pro-Am.
Maintaining public access while preserving exclusivity and course quality.
Overseeing real estate development within the Pebble Beach community under strict environmental guidelines.

Year	Owner / Consortium	Key Figures	Notable Events
1919	Samuel F.B. Morse	Developer of Pebble Beach	Course opening
1979	Taiheiyo Club (via Isutani)	Minoru Isutani	First Japanese ownership
1999	Pebble Beach Company (Investor Group)	Arnold Palmer, Peter Ueberroth	Reopened after major renovation
2018	Pebble Beach Company (New Consortium)	Douglas M. Manchester, Clint Reilly group	Private acquisition for undisclosed sum
2023	Ongoing private ownership	Manchester, Reilly affiliates	Hosted U.S. Open

Table data source:Pebble Beach Official Site, Golf Digest, Forbes

The ownership timeline shows a transition from individual developers to international investment and back to American private control. The 2018 acquisition emphasized local stewardship and long-term sustainability, with minimal changes to public access or tournament scheduling.

Frequently Asked Questions About Pebble Beach Ownership

Who currently owns Pebble Beach Golf Course in California?

The Pebble Beach Golf Links is owned by Pebble Beach Company, which is majority-controlled by a consortium led by Douglas M. Manchester, Clint Reilly Communications, and associated private investors since 2018.

Was Pebble Beach ever owned by a Japanese company?

Yes, from 1990 to 1999, Pebble Beach was owned by Taiheiyo Club, a Japanese golf club operator, following acquisition by businessman Minoru Isutani in 1979.

Can the public play at Pebble Beach Golf Course?

Yes, Pebble Beach Golf Links is a semi-private course offering public access, though green fees are among the highest in the world, typically exceeding $575 per round.

How much did the 2018 sale of Pebble Beach cost?

The exact sale price was not disclosed, but reports estimate the transaction exceeded $800 million, reflecting the property’s brand value and real estate holdings.

Does Tiger Woods own part of Pebble Beach?

No, Tiger Woods does not own any portion of Pebble Beach Golf Links. He is a frequent competitor there but has no equity stake in the course or company.

What tournaments are hosted at Pebble Beach?

Pebble Beach hosts the annual AT&T Pebble Beach Pro-Am and has been selected to host the U.S. Open multiple times, most recently in 2023, and is scheduled again for 2027.