Next Economic Victim: LPGA
1-liner, Golf November 19th. 2008, 3:15pmGolf. Hurting: “The L.P.G.A. will be down two to three tournaments next year and $4 million to $5 million in prize money. Its major concern now is sponsorship renewal and negotiating expanded television contracts for 2010. The Sports Business Daily reported this week that only 5 of the 24 events scheduled in the United States and Canada had contracts with title sponsors beyond next year.” The PGA seems to be in better shape, though it did end a deal it had with GM. (NY Times, Fan Leader)
4 Responses to “Next Economic Victim: LPGA”
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November 19th, 2008 at 3:24 pm
it’s probably because the LPGA puts out a horrible product and is a money pit.
November 19th, 2008 at 3:27 pm
Just the beginning folks…
Wait until the TV deals are up for the major sports and new ones need to be negotiated… As the economy worsens, the TV and Advertising deals are going to dry up as well.
The NHL will likely be the first MAJOR hit. The majority of $ comes from ticket sales and local advertising. The attendance in most cities is down now. Next year’s season ticket sales will really determine the health of the league…
November 19th, 2008 at 5:40 pm
I’ve seen the argument made that as the economy worsens, TV ratings will go up (while attendance will go down) and therefore, rights fees should not suffer too much.
November 19th, 2008 at 9:55 pm
Marching in Prop 8 protests all day leaves little time for them to golf, anyway.