Will There Be Any Corporate Sponsors Surviving In 2009 For PGA Tour?

Will the caviar and champagne still flow at the corporate PGA tents in 2009?

With the economy the way it is, do you wonder if there may be fewer Champagne Golfsponsors on tour next year?  Just look at all the financial companies who were main sponsors for the 2008 PGA Tour:

FBR Open
Northern Trust Open
Zurich Classic of New Orleans
EDS Byron Nelson Championship
Wachovia Championship
Memorial Tournament presented by Morgan Stanley
U.S. Bank Championship in Milwaukee
RBC Canadian Open
The Barclays
Deutsche Bank Open
Merrill Lynch Shootout
Chevron World Challenge presented by Bank of America

A couple of these companies may not be around when the 2009 season kicks off. Can the rest afford to hold hospitality tents serving hour’s devours, fine wine and other beverages to a few privileged few or hold that money in reserves for your relative’s mortgage or your http://www.hirekogolf.com/hireko/webpages/products/25th_anniversary_sale_flat_rate_shipping.htmlnext door neighbor’s new car?

Who is going to fill the void left by Wachovia, another automobile giant like Chrysler or Buick who are not exactly in the best shape either?  What about Wal-Mart of McDonalds who ponies up?  Not likely because golf isn’t exactly their target market.

Will the federal government bailout money with your hard earned tax dollars (mine too) support these tournaments? Let’s just hope we don’t see the Fannie Mae Classic or the AIG Open next year.  But if they do, just don’t charge us for tickets and parking or expect us to spend $8 for a ham/cheese sandwich or $4 for a beer.  Nope, we already paid for it.

4 comments

  1. Don says:

    I hate to see the end of so many great events, but I would see it as irresponsible of any corporation that receives Federal monies to be holding any event.

  2. Mark says:

    I’d have to agree with Don. GM announced yesterday they were dropping their sponsorship of Tiger Woods. This may have been partly because of Tiger’s injury, but I’ll bet they never would have considered dropping him if they weren’t in dire financial straits.

  3. Steve says:

    The LPGA recently announced a reduction from 34 to 31 official tournaments in 2009. I would not be at all surprised to see the PGA and Champions Tours (and whatever that developmental tour is called these days) follow suit.

  4. […] A couple of these companies may not be around when the 2009 season kicks off. Can the rest afford to hold hospitality tents serving hour’s devours, fine wine and other beverages to (more…) […]

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