Bummer: IMG Cancels '16 Aussie Masters, Future Bleak?

From an unbylined Reuters report on the cancellation of the Australian Masters by tournament operator IMG, which promises news of an "overhaul." This, even though the PGA Tour is bringing the World Cup to the sandbelt's Kingston Heath in 2016.

From the report on the demise of an event with a great history, won in thrilling fashion last year by Peter Senior:

"As part of IMG's ongoing evolution of its golf events business, the company is in the process of re-imagining its Australian Masters event to ensure the delivery of a world-class experience," David Rollo, vice president and director of golf for IMG Australia and New Zealand said in a statement carried widely in Australian media.

"To best execute a change of this scale, IMG today announced that the Australian Masters will not be played in 2016. IMG will unveil its new plans for the event in the coming months."