Emmett Hayes, former UMass president Jack Wilson, and former governor Paul Cellucci attended a party in 2005 at the University of Massachusetts Club. The club will move to 1 Beacon St. this year and operate under new management.

Bill Brett for the Globe/File

Emmett Hayes, former UMass president Jack Wilson, and former governor Paul Cellucci attended a party in 2005 at the University of Massachusetts Club. The club will move to 1 Beacon St. this year and operate under new management.

Plush UMass alumni club losing money and luster

The club, which was supposed to pay for itself through memberships, has needed nearly $4.3 million in subsidies from UMass.By Sacha Pfeiffer

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Shirley Leung

Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.