European Tour hit by financial problems in Spain

European financial problems unleash plenty of hurt on golf events in Spain | News

pga.com 23 Dec '12, 6pm

European Tour hit by financial problems in Spain

PARIS -- With its array of courses and short-sleeves climate, Spain made a natural home for professional golf. In 2011, the land of Seve Ballesteros hosted seven European Tour tournaments, more than any other country. Next year, that could plummet to just one, the Spanish Open. Deep in recession, with unemployment near 25 percent, putting up purses to entice golf's big names is a luxury Spain can ill afford. Government tourist boards that once bankrolled tournaments to sell Spain as a destination and companies that provided sponsorship often no longer have the money or do not want to be seen spending it on golf when Spaniards are so squeezed financially. The $1.3 million Iberdrola Open, won in 2011 by Darren Clarke two months before his British Open victory, vanished from the Tour schedule in 2012, with the Madeira Islands Open in Portugal filling its slot. Also gone are t...

Full article: http://www.pga.com/news/european-tour/european-financial-...

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@GolfTourNews » 26 Dec '12, 12pm
European financial problems unleash plenty of hurt on golf events in Spain: Deep in recession, with unemployment... [link]
@PlayGolfGuide » 24 Dec '12, 6pm
European financial problems unleash plenty of hurt on golf events in Spain | News… [link] #Golf #PGA
@TheGolfIcon » 24 Dec '12, 5pm
European financial problems unleash plenty of hurt on golf events in Spain | Ne [link] - #Golf #PGA #LPGA
@HanyaniMashele » 23 Dec '12, 7pm
Not good. RT @SkySportsGolf: European Tour hit by financial problems in Spain [link]
@golfswami » 23 Dec '12, 7pm
Is this the time for Europe's elite players to be moving to the US Tour - an interesting article on the loss of events [link]
@CloudGriff » 23 Dec '12, 6pm
RT @PGA_com: Europe's financial issues putting a big hurt on golf in Spain [link] #pga #golf
@lochlainn1 » 23 Dec '12, 6pm
European financial problems unleash plenty of hurt on golf events in Spain [link]
@mpjtiger10 » 23 Dec '12, 6pm
“@SkySportsGolf: European Tour hit by financial problems in Spain [link]” anything to do with u @TheSpainTrain
@KellyPrc » 23 Dec '12, 6pm
RT @SkySportsGolf: European Tour hit by financial problems in Spain [link]
@SkySportsGolf » 23 Dec '12, 6pm
European Tour hit by financial problems in Spain [link]
@PGA_com » 23 Dec '12, 6pm
Europe's financial issues putting a big hurt on golf in Spain [link] #pga #golf
@copsgolf » 23 Dec '12, 6pm
RT @SkySportsGolf: European Tour hit by financial problems in Spain [link]
@007hammer » 23 Dec '12, 6pm
“@SkySportsGolf: European Tour hit by financial problems in Spain [link]”
@Jugzski1963 » 23 Dec '12, 6pm
RT @SkySportsGolf: European Tour hit by financial problems in Spain [link]