PGA Tour shortchanges D.C. area
The PGA Tour schedule for next season is out, and a Washington stop, after many years, is off the board (“PGA Tour’s 2018-19 season: Less is more,” July 11). The reason is not the lack of fan support and community involvement. The reason is the lack of a “title sponsor.”
Three weeks ago, the Quicken Loans National was played at TPC Potomac at Avenel Farm in Potomac, Md. The Tour owns Avenel. That means the Tour pays no rent for use of the course and it collects from merchandise, concession, hospitality suite and parking. According to its most recently available not-for-profit tax return, the Tour has close to $2 billion in cash and investments.
So why can't the PGA Tour dip into its own coffers and come up with what has to be pocket money and fund this tournament? I guess its approach is, Why spend my money when there are people in Detroit willing to spend theirs?
With more and more tournaments being moved to Tour-owned properties, and the apparent requirement for a “title sponsor,” the Tour will continue to accumulate huge not-for-profits.
And people want to accuse Tiger Woods and Phil Mickelson of a money grab (“Woods-Mickelson duel needs reality check,” July 9). At least they'll pay income tax on their for-profits.
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