PGA Tour agrees to loan Canadian Tour money
Share This Story
OAKVILLE, Ontario (AP)
The PGA Tour has agreed to loan the Canadian Tour money and assist next year in tournament development and sponsorship.
The amount of the loan wasn't disclosed Wednesday.
''Understanding its current financial issues, the PGA Tour has agreed to lend support to the Canadian Tour in 2012,'' said Ed Moorhouse, the PGA Tour's co-chief operating officer. ''Our goal is to help lend stability to the Canadian Tour, which we believe plays an important role in professional golf and has proven to be a valuable system for developing players over the years.
''We will assess the situation with the Canadian Tour during the course of the coming year to determine what level of PGA Tour support should be provided moving forward.''
The Canadian Tour has been a full member of the International Federation of PGA Tours since 2009.
''Whether this leads to more direct involvement by the PGA Tour beyond 2012 will depend on a number of factors, including our ability to strengthen and grow the Canadian Tour across Canada from coast to coast,'' Canadian Tour Commissioner Rick Janes said. ''In the meantime, it is a great opportunity to work with the pre-eminent brand in golf and we can only benefit from that experience.''
Related Stories
Trending Now
-
Tulloch: Young knows he has disorder
Titus Young, whose three arrests in two weeks raised concern for his mental health, r... -
Akron CB arrested in robbery case
Seth Cunningham, a senior cornerback at the University of Akron, was arrested this we... -
Oxbow goes wire to wire in Preakness
Oxbow has won the Preakness, ruining Orb's bid to capture the Triple Crown. -
Williams' dispute with ex continues
An initial attempt to settle a lawsuit between Buffalo Bills defensive end Mario Will... -
'Melo, Knicks were destined to fail
Carmelo's hero complex, one-man scheme fails New York yet again.
GOLF Videos
Boston Harbor driving range
Posted: May 16, 2013
As part of "Francis Ouimet Day" in Mass., Arnold Palmer talks U.S. Open while Pe...
As part of "Francis Ouimet Day" in Mass., Arnold Palmer talks U.S. Open while Pe...
Lusetich: TPC Final Round recap
Posted: May 13, 2013
Robert Lusetich on the Final Round theatrics between Tiger Woods and Sergio Garc...
Robert Lusetich on the Final Round theatrics between Tiger Woods and Sergio Garc...
Horrow: Golf Business Report
Posted: May 13, 2013
FOX Sports News Analyst Rick Horrow discusses the latest golf business.
FOX Sports News Analyst Rick Horrow discusses the latest golf business.
Golf Headlines
More Than Sports on MSN
Fox Sports Store
| itemName | itemURL | imageSrc | price | itemDescription |
|---|---|---|---|---|
| Nike Ohio State Buckeyes Scarlet Stadium Adjustable Visor | http://shop.foxsports.com/FOX_Ohio_State_Buckeyes/browse/featuredproduct/596055/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_596000/ff_596055_xl.jpg&w=100 | 15.95 | Nike Ohio State Buckeyes Scarlet Stadium Adjustable Visor |
| Nike Florida Gators Royal Blue Conference Performance Polo | http://shop.foxsports.com/FOX_Florida_Gators/browse/featuredproduct/652807/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_652000/ff_652807_xl.jpg&w=100 | 59.95 | Nike Florida Gators Royal Blue Conference Performance Polo |
| Chicago Bulls 3-Pack Golf Club Headcovers - Black | http://shop.foxsports.com/FOX_Chicago_Bulls/browse/featuredproduct/749435/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_749000/ff_749435_xl.jpg&w=100 | 34.95 | Chicago Bulls 3-Pack Golf Club Headcovers - Black |
Member Comments
Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.