Here is a much longer (almost 60 minutes) and more recent (Nov. 27) discussion of the project:
https://www.youtube.com/watch?v=Rxxwnx7PmFU&t=53sIt is audio only. I have not listened to it yet.
"The members of the old club appear to still have some sort of ownership"Niall -
I am pretty sure Spey Bay was most recently privately owned and operated as a commercial (for profit!) business. In addition to daily green fess, it may have sold annual passes to people wanting to play the course often, but there was not a members club that owned the course.
I am not sure how Links Club will operate the course going forward and what sort of access they will provide to folks who are not Links Club members. As you well know, there are plenty of other golf courses along that coastline, so the locals will not have to travel too far to find another place to play.
DT