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Article: Trouble on the green. (PGA Tour Investments Inc.)
- Article from:
- Florida Trend
- Article date:
- February 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 Trend Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Facing a new rival, a federal anti-trust probe, and potential troubles with the IRS, Florida's proud PGA Tour may reluctantly relax its grip on professional golf.
In the bickering sports world of the '90s, the Florida-based PGA Tour stands out as a prospering and tranquil island. The best professional golfers still tee it up almost every week at one of the PGA Tour's events without incident. They still call penalties on themselves in gentlemanly fashion and avoid unseemly grousing about how to divvy up the Tour's steadily growing take.
But the genteel, quasi-monopolistic world of the PGA Tour is now under assault from a host of aggressive challengers, ranging ...