PGA Tour agrees to loan money to Canadian Tour, assist in sponsorships

By
Associated Press

Series: PGA Tour

The PGA Tour has agreed to loan the Canadian Professional Golf 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.”


Comments

pcirwin1959

John, tough draw... The Nationwide Tour in Chicago barely drew anyone to the event... At one time Chicago had a tour stop from every US tour, PGA Tour Western Open, LPGA, Senior Tour, Nationwide Tour as well as the Hooters Tour in the same season. Now we have zero... bottom line there are many reasons why events/tours struggle... player name recognition, sponsor dollars, media coverage or lack of coverage etc etc... We were contacted to host an Canadian tour event on two different occassions in the last several years, its not a very good deal for the club, and again... in a major city they barely support the Nationwide event... not even sure why the CT TOUR wants to travel outside to the US... but hopefully the likes of Brian Unk USA, Cody Slover CAN, Adam Hadwin CAN, Roger Sloan USA will have a tour to play on for years to come... there are many players looking to grow their games and they need somewhere to play...

golfingumpire

The Canadian tour has been a member of the Int'l Federation of PGA Tours since 2009. WOW!! NOW THAT'S TRADITION. Seems like they joined then only in preparation of anticipating this need to ask for help NOW. What they should do is join up with the Nationwide Tour and hold joint tournaments north of the border. With The Golf Channels telecasting of all Nationwide Tour events, it would give Canadian locales AND players much more exposure than they get now. Couldn't possibly hurt them in attracting corporate sponsorships as what corporations want is for people to see THEIR company name/logos plastered for people to view. Where can you watch Canadian Tour events now??? Does ANYONE know the name of any Canadian tour players?? EH???