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Closing Bell

PGA Tour To Take Over Operational Control Of Canadian Tour

The PGA Tour today, as expected, announced that it will assume operational control of the Canadian Professional Golf Tour, which will become the PGA Tour Canada. The conversion will begin Nov. 1 and will complete in time for the tour's '13 season. The top five players on the Canadian Order of Merit will earn playing privileges on the Web.com Tour, and the next five will be exempt into the finals of the Web.com Tour qualifying school (PGA Tour). This comes after the PGA Tour last year "floated the struggling Canadian Tour an operating loan" believed to be in the C$750,000 range (TORONTOSUN.com, 10/18).

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