Commonwealth Venture Partners, a group of private investors in Richmond, Virginia, paid $225 million in 1985 to purchase the bowling center and bowling products divisions, forming AMF Bowling Companies, Inc. (later known as AMF Bowling Worldwide). In 1996 Goldman Sachs paid $1.4 billion to buy the company from Commonwealth Ventures. AMF Bowling went public with its listing on the New York Stock Exchange in November 1997. In 1998 its stock price plummeted as losses mounted, so expansion plans were put on hold. In 1999 the decision was made to downsize. By 2000 the company was more than $1 billion in debt and was delisted.
