SBD/5/Leagues Governing Bodies


     In today's WASHINGTON POST, Leonard Shapiro examines the
"dark clouds hovering on the horizon" for the PGA Tour as it
begins its 1995 season today in Carlsbad, CA.  Those "dark
clouds" refer to the four-year investigation by the Federal Trade
Commission of tour rules regarding conflicting events and TV
appearances and the proposed World Tour.  Results of the FTC
investigation are expected "any day now" with the ruling expected
to say that the rules "constitute a restraint of trade and are
anti-competitive" (WASHINGTON POST, 1/5).
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