Whole Network Golf Business Golf Courses Golf Equipment Golf Instructio... Golf Interviews Golf News Golf Travel

 

Finchem's Pipe Dream

Filed in archive Golf Business by Chris Henry on November 22, 2007

Finchem's Pipe Dream


Tim Finchem has reacted to the European Tour's announcement of its own version of the FedEx Cup.

Finchem says the newly minted Dubai World Championship, with its purse of 10 million dollars is "great for professional golf globally" because "it reduces the clamor that, because purses on the pga tourlinks are high, somehow the quality of golf is suffering."

It doesn't reduce the clamor at all. It intensifies it because it demonstrates exactly where the game is going today.
Money rules the kingdom of professional golf. What Finchem and his counterpart on the European Tour, George O'Grady, fail to grasp is that the money itself is no longer propelling today's professional golfer.

The PGA Commish is excited by the new golf tournament on the competition's schedule because it moves his goal one step closer. And what's his goal for golf?

"...slowly but surely professional golf is making strides to keep up with or gain on team sports", he said yesterday.

There is the plot line in the story. Finchem wants professional golfers, primarily on his tour of course, to be able to ultimately earn what baseball players, basketball players, hockey players or football players make.

Check out some team player salaries and tell me that is possible in a non-team sport like golf. Especially when that money Finchem is after comes from single corporate tournament sponsors. Keep in mind that TV revenues go to the Tour, not the players.

What happens when the next global economic downturn (perhaps not that far off) occurs? What is the first thing that a corporation cuts back? Marketing, advertising and corporate sponsorships. There is, therefore, an upper limit to tournament purses, a ceiling which will prevent them from going beyond a certain height.

A sports team can ride out economic downturns because of salaries locked-in for several years and because of the fact that team owners are usually wealthy businessmen who can sustain some losses.

Finchem's hoped-for monetary levels are a pipe dream. They'll never happen. Not even rapidly rising endorsement contracts for golfers could close the gap with sports teams.

I wonder what golf fans think of his vision for the future. What do you think of the European Tour's vision, for that matter?

Let me know.






Permalink: Finchem's Pipe Dream
Tags: golf  pga  tour  tim  finchem  pga  commissioner  european  tour  dubai  world  championship  golf  tour  golf  tou 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/103314

Related Entries:

The Forget-It Cup - 27 August 2007

Physical Agility. Mental Toughness - 11 November 2007

Finchem's Memo - 13 November 2007

And The Streets Are Paved With Gold - 21 November 2007

Polish Up Your Polish - 17 December 2007

Global Recession Hits Tournaments - 18 January 2008





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts



 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.




  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Golf Business Golf Courses Golf Equipment Golf Fitness Golf Humor Golf Instruction Golf Interviews Golf News Golf Travel Golf Wanderings Sponsored Post