SOTOGRANDE (Agencies) A company co-owned by champion golfer Greg Norman (photo), The Stripe Group Ltd, has bought the Valderrama golf club in Sotogrande from Soto Properties. Advised by Banif, a private banking affiliate of the Santander group in Spain, the Australian former golfer and entrepreneur's company says in a press release that the operation is carried out "to reinforce our position in the golfing event business in the global market." The Stripe Group created such events as the Dubai World Championship and The Race to Dubai, among others. According to the presss release 'the interests of the [Valderrama Golf Club] members will be well taken care of." Valderrama, which hosted the 1997 Ryder Cup that gave the area an enormous boost, is ranked the best course in continental Europe, according to Golf Monthly Review.