That would be a huge mistake, imo. While there is value in the name, this community could easily and quickly migrate somewhere else. Those who are paying for ClubWrx may stay, but even that is dicey. Those of us who don't, aren't about to start now. The contacts I have made through this site are great, but I also have their contact info so I wouldn't need the site to get in touch. Sure there would be some loss of "this place is in crap condition right now", but ultimately, if this place becomes too cumbersome to remain a part of, someone will start a new one. Although I would be curious if there is monetization opportunities with the instructors who seem to have gained a ton of clients on here. No idea how you would do it, but....
From the ownership perspective, I hope they didn't overvalue the "PGA Tour access", because, and this may just be me, I don't see a ton of value in it. So you can do a what's in the bag. That info can be gathered fairly easily. The value to me comes from people giving their feedback on different things, be it courses, equipment, or strategies to play or deal with heat. As you say time till tell.