Who else could so relentless use the same word in one sentence? Why you know who, the Brand Lady, probably fresh from a downward brand stream integration meeting where they decided this news would be branded as creating "opportunities."
Readers LPGA Fan and Phil sent this news...
LPGA acquires Duramed FUTURES Tour
Women’s professional golf now under one umbrella
NEW ROCHELLE, N.Y., July 18, 2007 – Ladies Professional Golf Association (LPGA) Commissioner Carolyn F. Bivens, in conjunction with Zayra Calderon, president and CEO of the Duramed FUTURES Tour, announced today that the LPGA has acquired the Duramed FUTURES Tour effective immediately. The Duramed FUTURES Tour has been the official developmental tour of the LPGA since 1999. The announcement was made at the LPGA’s HSBC Women’s World Match Play Championship at Wykagyl Country Club in New Rochelle, N.Y.
The Duramed FUTURES Tour offers rising stars in the women’s game the opportunity to prepare for a career on the LPGA. For the past eight years, the Duramed FUTURES Tour has operated in a licensee role with the LPGA. In recent years the organizations have worked closely to align business practices to assist the members of both tours with professional development, and to prepare members of the Duramed FUTURES Tour for the transition to the LPGA. One of the biggest examples of the synergy between the two organizations over the years has been the awarding of coveted LPGA Tour cards for the top money leaders on the Duramed FUTURES Tour. In 2003, the LPGA increased the cards from three to five.
“We are absolutely delighted that we have reached an agreement for the LPGA to acquire the Duramed FUTURES Tour,” Bivens said. “This acquisition demonstrates our desire to fortify the LPGA as the home to the best golfers in the world, providing us with a powerful development system for women, while increasing the economic opportunities for our members, marketing opportunities for sponsors and opportunities for fans to enjoy the next generation of future LPGA stars.”
The acquisition will put women’s professional golf in the United States under one umbrella. Together, the tours will bring the world’s best female professional golfers to more markets, resulting in increased exposure for the players, sponsors and tours. Currently the LPGA has 35 tournaments worldwide and the Duramed FUTURES Tour has 19 tournaments in 14 states.
“The Duramed FUTURES Tour has strategically aligned with the LPGA to provide a seamless transition for Duramed FUTURES Tour players to the LPGA,” Calderon said. “This agreement solidifies what all of us have been working toward for years – a cohesive tour system for the best talent in women’s golf. The LPGA Tour features the very best in the game and the Duramed FUTURES Tour offers talented golfers and rising stars the opportunity to prepare for a career on the LPGA.”
Financial terms of the acquisition were not disclosed. Notable terms call for Calderon to remain as president and CEO of the Duramed FUTURES Tour and become a member of the LPGA’s senior management team. In addition, the Duramed FUTURES Tour staff will relocate from Lakeland, Fla., to the LPGA headquarters in Daytona Beach, Fla., by the end of the year.