SBD/Issue 87/Leagues & Governing Bodies

Did PGA Tour Cost The International Lucrative Title Sponsor?

Source Says Int’l Had Deal
With Sponsor To Up Purse To $10M
Jack Vickers, Founder of the PGA Tour’s International, negotiated a deal last year “with a corporate sponsor that would have raised the International’s purse to an unprecedented $10[M],” according to Tim Rosaforte of GOLF WORLD. However, sources said that the PGA Tour was “uncomfortable with the amount, stall[ing] Vickers long enough that he lost the contract.” The tournament remains without a title sponsor. A PGA Tour official “disputes the story, claiming the title sponsor deal was only discussed, never finalized.” The official said, “Overall (the deal) would have (cost about) $20[M] a year. There’s not a company out there that could commit to that level of sponsorship.” Rosaforte noted a press conference scheduled for January 17 with the Tour and International officials “was abruptly canceled, but sources say it would have dealt with the tournament’s unhappiness with its new date.” The tourney will be held July 5-8, a move up in the schedule from its traditional date in late July or early August (GOLF WORLD, 1/26 issue). In Boulder, Gary Baines reported tournament officials are negotiating “with a potential title sponsor,” with an announcement coming soon “regarding whether the tournament will go forward.” PGA Tour Commissioner Tim Finchem “had a hand in bringing the parties together” (Boulder DAILY CAMERA, 1/24).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug