Women's tour losing four events, but adding new tourney in Thailand
WEST PALM BEACH, Fla. -- The LPGA Tour has become the latest pro sports organization to feel the crunch of the global economic downturn.
Even while insisting next year will be "solidly profitable," the LPGA Tour announced Wednesday that it will offer three fewer tournaments in 2009 than this year, all because of sponsorship loss. Prize money also will dip by about $5 million.
SemGroup, which sponsored one tournament this year, entered bankruptcy this summer, and some other sponsors ...
Read full story