"That's approximately 40 percent of the primary-event sponsors."

Thanks to reader Steven T. for Bill Huffman's look at the struggles of FBR, title sponsor for the PGA Tour's Scottsdale stop. Huffman leads with this:

With America's financial sector struggling mightily, it is significant to note that 15 of 37 PGA Tour regular-season events - major championships and fall season excluded - are sponsored by banks or investment firms.

That's approximately 40 percent of the primary-event sponsors. 

And this is not good for an overpaid VP who wants to be the next severely overpaid Commish:

Rick George, the executive vice president and chief of operations for the PGA Tour, responded: "We're planning to have another great FBR Open again next year."

Asked if the PGA Tour was aware of FBR's financial struggles, George, who took over his new duties just a few months ago, said: "No, I'm not in tune with that."

Comments

[Happy Gilmore]

OMG...Please don't let reality intrude on Ponte Vedra. I like to think of it as an oasis of ignorance!

[Bob S.]

Rick's response was that "they told me they still had checks" so that means they must still have money ...

[86general]

So many things have been "propped up" by phony, funny money in the last 10 years, you wonder if something like the PGA Tour could just suddenly collapse. Why wouldn't sponsors renege...that is if they're even in business and able to do so. If enough sponsors drop out, would the networks have the money to make good on their contracts with the tour?

Imagine these guys playing for $100,000 first place check again.

[Kevin]

That question was above his pay grade.

[johnny knoxville]

Have often wondered the same as 86general, especially when you consider the TV ratings, the economy, etc.. Is there that much return to the TV ads considering the ratings ? Do all lthe ads and perks to company clients, and perks for company execs justify the expense. Guess so. But, with with the banking downturn, you gotta wonder about PGA event funding in 2009.

Gotta think Rick George will be in 'tune' after receiving his calll from the commish if his answer to this question was half serious.

Take this advice from a ditch digger, your reply should be " We are looking forward to another great year in 2009 and if there are any changes in the schedule, we'll let you know. "

Rick George might very well use UPS for shipping.

[Jim]

The financial storm will eventually hit the PGA Tour, not if but when.

Will the PGA Tour be prepared? Probably not.