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Should I Join A Private Sports Club? Analyzing The Pros And Cons

Updated: 12/26/2022 by Financial Samurai 58 Comments

Should I Join A Private Sports Club? Analyzing The Pros And Cons

Do you want to join a private sports club for networking and entertainment? I had this dilemma back in 2010. Today, I’m glad I did because I’ve made a lot of friends in the process.

Despite having to pay a $10,000 initiation fee, I decided to join a private sports club in San Francisco. It has been one of my best decisions of my life.

Let me share with you the thought process I had with regards to joining a private club back in 2010. I’ll then share what it’s been like over the past 10 years.

Wondering Whether To Join A Private Sports Club

One of my friends who so happens to be a client, but who really is just a great friend who so happens to be a very large client, invited me to play tennis at his posh tennis club the other day. 

After we hit around for an hour, he mentioned I should join and he could be my primary sponsor.  I told him I’d think about it over the weekend and let him know.

I did some digging with the Membership representative afterwards.  The first hint that told me I was in for a big dilemma was when she said there were no brochures as everything is “exclusive and private.” 

“We don’t advertise our club Sam.” she said.  OK, great, how is that going to help me make an informed decision, I thought to myself. 

Not wanting to piss her off or anything, I just asked her if she could tell me about how to join. 

Joining The Club: Message From Admissions

Great to hear that you are interested in joining, but let me warn you that not everybody can.  First of all, it takes one sponsor, a co-sponsor and 5 other members to write you letters of recommendations.  Second of all, once all your documents are gathered, your name is put up on our main bulletin board for guests to review.  If even one member is not satisfied with you for some reason, you will go under review and be asked to explain yourself for whatever grievances the member may have.

After a month, we will then invite you to meet with the Membership Committee to have a semi-formal interview for final review.  Finally, if you are invited to join, we would require the $10,000 upfront, and the dues are only $175/month thereafter, with a low $100/quarter food consumption minimum.

At this point, my head started spinning. Am I applying to buy a fancy New York City Co-Op apartment, the CIA, Harvard University, or a tennis club where we have fun and play a game I love? Jee whiz, this sounds so exclusive and as an outsider, I’m not sure if I’ll fit in. 

The average member is a couple decades older, and there’s really not a lot of diversity, which is odd in a city like San Francisco. That said, the location is wonderful, the people are kind, and the courts are always available.

I played a lot of tennis as a kid, and I’d love to continue playing sports as an adult.

Getting Into A Private Club

As I got past the exclusivity part of getting in, I started fixating on the costs.  $10,000 is a lot of money. I could buy a car, a new kick-butt home theater system with 60″ LED TV, or 10,000 Super Lotto tickets with that much money! 

To my friend who wants me to join, $10,000 to me is like maybe $500 bucks to him. He’s much wealthier, but at least I’m better looking and have a nicer backhand.

The issue I’m facing now is whether or not spending $10,000 to join this exclusive club where there are plenty of well connected members is worth it. 

I feel bad for my member friend who always has to pay my guest fee. I also feel bad for my bank account to just write a $10,000 check to play tennis since I’m already a member of one club. Further, there are some free courts just three blocks away from my house (they suck though). 

This may very well be a case of lifestyle inflation, which I’ve done well to avoid for the past 5 years. At the same time, I’d like to join an establishment that always has courts readily available to play on, with great people to connect with.

Pros And Cons Of Joining A Private Sports Club

Pros Of Joining

  • Great facilities that are always available
  • Good location that’s closer to home.
  • A new network of friends and connections to tap into for leisure or business.
  • New social functions to attend.
  • Exclusivity.
  • Honor my friend’s gesture of sponsorship which doesn’t get offered to all.
  • Safer
  • Help you children with sports and with education

Cons Of Joining

  • Cost. I could invest $10,000 to build more passive income streams fo retirement.
  • Not simplifying life as already a member of a couple clubs.
  • No equity in the $10,000 membership fee.
  • Exclusivity and the negative connotations that come with being exclusive.
  • Not a diverse club in terms of race or socioeconomics

Joining A Private Sports Club Is Worth It

More than 10 years later, I’m happy I joined the private tennis club. It feels like a second home where everybody is friendly. The longer you are a member, the more comfortable it feels.

I’ve gotten to know a tremendous amount of great people who I call friends. Some are CEOs of public companies. Others are ex-division I college tennis players. Many other entrepreneurs, mothers, and fathers. For the most part, the members have been great.

One fellow club member even hooked me up with a $14,000 stay in Paris. He also invited me to their vacation property in Napa. Further, I’ve gotten to keep up my skills and get bumped up to USTA 5.0!

My only issue is the lack of diversity. Most of the members are white and most work in finance, tech, and internet. It would be nice to have more people from different backgrounds play as well.

Sports knows no bounds. The good thing about playing sports is that if you are an advanced player at a tennis club, you can play with anybody. Your opponent could be a billionaire, on the tennis court you are equal.

A Social Outlet Is Incredibly Valuable

The feeling of camaraderie and kinship is what makes joining any type of organization or private club so special. The coronavirus pandemic has made joining a private sports club even more valuable.

Tennis has become a very popular sport in the city because it is outdoors. As a result, a lot of the public tennis courts are always packed. Further, it’s nice to play in a private area where everybody follows health safety protocols.

Bottom line: If you have the opportunity to join a private club, do it. The camaraderie you will gain will be worth it. The private club was also great during the pandemic as well. Everybody needs a social outlet.

Related post: Why You Should Play Pickleball: The Best Sport Today

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Author Bio: I started Financial Samurai in 2009 to help people achieve financial freedom sooner. Financial Samurai is now one of the largest independently run personal finance sites with about one million visitors a month.

I spent 13 years working at Goldman Sachs and Credit Suisse (RIP). In 1999, I earned my BA from William & Mary and in 2006, I received my MBA from UC Berkeley.

In 2012, I left banking after negotiating a severance package worth over five years of living expenses. Today, I enjoy being a stay-at-home dad to two young children, playing tennis, and writing.

Current Recommendations:

1) Check out Fundrise, my favorite real estate investing platform. I’ve personally invested $810,000 in private real estate to take advantage of lower valuations and higher rental yields in the Sunbelt. Roughly $160,000 of my annual passive income comes from real estate. And passive income is the key to being free. With mortgage rates down dramatically post the regional bank runs, real estate is now much more attractive.

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Comments

  1. TheBubbler says

    August 13, 2016 at 9:49 am

    Great post Sam – read your blog weekly and love the topics and overall tone and messages you try and convey. You inspired me to even start my own blog a few months ago – about life in Twin Cities where I live.

    I’m recently engaged, getting married in the Fall and have started to have talks about retirement, life goals, and yes the pros and cons of joining a country club. I’m a big golfer, she’s a big tennis player. Here’s my recent post on the country club dilemma. Keep up the good work. I’ve been enjoying the side gig blog life :)

    Reply
  2. Allen W says

    August 25, 2015 at 8:55 pm

    It sounded like you joined and you like the club and opportunities? I’m stuck in a situation too. My club is asking for $1250 one time initiation fee and $257/mo fees after that without food minimum. I am applying for a young executive membership where I can also add my girlfriend who I live with. Our purpose is to network and try to find new friends and mentors who would open opportunities in a business perspective (I.e. New job, start up opportunities, clients, etc). The fee is inclusive for both of us. What are your thoughts? Should we join to grow our network? We hope to give it 3 years of it a try and see if we can get an ROI on it. If not we will quit. I am 27 and want to make closer to $200k as my goal (I.e. Your view or base point to financial freedom. Please feel free to shed some light on this as I am contemplating joining the club

    Reply
    • Financial Samurai says

      August 25, 2015 at 10:27 pm

      I have got to say the $10,000 was one of the BEST investments ever! I’ve met so many amazing people, had so many wonderful tennis matches, and have had plenty of outside the club experiences due to the friends I’ve met. For example, I went to Wimbledon to celebrate a friend’s 50th birthday last year. We watched Federer and Nadal on Centre Court! For me, that’s a dream come true bucket list.

      Joining a club, especially if you have people you want to network with is a no brainer. I’m not even working anymore, and I find huge value in my tennis club.

      Reply
  3. Rocketson says

    October 24, 2014 at 8:33 pm

    So you like the Olympic CLub? I’m in the same situation right now–deciding if it’s a good decision to join.

    Reply
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