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Key Points of Possible PGA Tour and European Tour Merger
Published: September 6, 2013
Hoggard had cited reports posted in the Daily Mail and Daily Telegraph that mentioned an “audacious bid” made by the PGA Tour to purchase the European Tour.
With Tiger Woods, television coverage, corporate sponsorship and large tournament purses, golf has become a global game.
The LPGA Tour has been a leader in global expansion, with many events held outside the friendly confines of the United States in far-off places such as Asia, South America and Europe. Annika Sorenstam from Sweden, Mexico’s Lorena Ochoa, Yani Tseng from Taiwan and South Korean Inbee Park have dominated the No. 1 spot on the Rolex Rankings over the past 20 years.
The PGA Tour has made business moves over the past year that has pushed its game outside U.S. boundaries with the purchase of the Canadian Tour and birth of the Latinoamerica Tour in 2012.
Top European players have embraced the PGA Tour and, just like Jed Clampett, have uprooted their families and moved to America for the lucrative PGA Tour.
Lee Westwood, Rory McIlroy, Graeme McDowell, Justin Rose, Luke Donald and Ian Poulter all have residences in Florida and play full time on the PGA Tour. That is a lot of star power missing from the European Tour on a regular basis.
When Tiger Woods joined the PGA Tour in 1996, the total amount of prize money available on the PGA Tour was slightly less than $80 million. With the addition of the FedEx Cup playoffs and bonus pool, the total amount of prize money available in 2013 has grown to over $300 million.
Who can blame the European stars' defection to America? Top 10 finishes on the PGA Tou...
Article Source: Bleacher Report - Golf
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