Blaze, we have had this problem at our pond and it became so massive, that boating was no more possible. The wife of a club-member is a biologist and she told us, that the over-fertilisation of the fields is the major reason for that.
Though we had to cut the weed and the only solution was a steel-wire, about 1/2 inch thick which was added with some steel-blocks and was pulled over the ground. Our pond has about 1,5 the size of a football-field and we used two SUV`s with winches.
To avoyd any further re-growing weed we set out some grass-carps, which digg out the roots of the weed and eat them.
Since that time weed was no more a problem. But it`s a lot of work and topok a while for a final result.
Hope this was out of any help,
Jörg