Will financial turmoil put golf in a hole?
http://www.sportsbusinessjournal.com/article/60142Golf isn’t the only sport being hit, as Fox Sports identified the financial sector as the biggest sector absent from postseason baseball. But golf is unusually dependent on revenue from the financial category, with about 25 percent of network ad time coming from that area. Plus, nearly one-third of all events sanctioned by the PGA Tour are sponsored by banks, investment firms, credit card distributors or financial consultancies, putting golf at the biggest risk from the crisis.
Wall Street Crisis Trickles Down To Nation's Country Clubs
http://deadspin.com/5056353/wall-street-crisis-trickles-down-to-nations-country-clubsAll sports rely on filthy rich brokerage houses, banks and insurance companies to fill the advertising spots that entertain you on lonely Sunday afternoons, but the non-elite sport of golf finds itself particularly well-tangled with the big firms that enjoying seeing their name in front of the word "Open."
Golf is unusually dependent on revenue from the financial category, with about 25 percent of network ad time coming from that area. Plus, nearly one-third of all events sanctioned by the PGA Tour are sponsored by banks, investment firms, credit card distributors or financial consultancies, putting golf at the biggest risk from the crisis.
BUT the PGA says all is well ssssshhhhh!
RPT-FEATURE-Golf-Sport can ride out financial storm, PGA says
http://uk.reuters.com/article/golfNews/idUKLO9027820080925