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Web Street Golf Daily Pulse

VOLUME 1, NUMBER 230

Monday, November 29, 2010

ANY IDEA WHO SAID THIS? “A couple of World Ranking points, a couple of dollars. No, probably wasn't the best of timing.”

ON THIS DAY: In 1992, Payne Stewart won the Skins Game for the second consecutive year.

TOO BIG TO FAIL: A year after one its products (Escalade) was involved in a bizarre story for golf, the company is returning to the sport again. Despite assistance from Washington to bolster its balance sheet (thank you tax payers) and its home state of Michigan on tough times, General Motors’ Cadillac division will sponsor the World Golf Championship in Doral, Fla. GM stepped away from the golf business in 2009 when Buick ended more than 50 years of PGA TOUR sponsorship. The move came just as GM exited bankruptcy protection. Buick also ended a nine-year endorsement deal with Tiger Woods in 2008.

But that was then and this is now, as the automaker has become the title sponsor of the World Golf Championships-Cadillac Championship. In 2011, the tournament will be played at TPC Blue Monster, Doral Golf Resort & Spa in Doral, FL. “The World Golf Championships are all about the highest level of performance on a global stage and fit well with Cadillac's theme as the New Standard of the World,” stated Don Butler, Vice President for Cadillac Marketing. “As a global series, it provides us with an ideal marketing partnership for Cadillac to efficiently and effectively reach our target audience. We could not think of a more fitting way to bring golf back to Cadillac."

There are discussions also underway with the car company to bring the PGA Tour back to Michigan, thus implying that GM may have more money to spend on the game.

FULL SLATE: Tough times haven’t stopped the European Tour from adding three new events to its 2011 schedule. The Volvo Golf Champions at the Royal Golf Club, Bahrain; the Sicilian Open; and the Iskandar Johor Open. In total it has 50 events on its calendar. “The tour’s business is geographically and culturally very diverse,” stated Keith Waters, the European Tour’s chief operating officer and director of international policy. READ MORE>>>

MORE OF THE SAME: There was a time, not that long ago, when someone experienced the next level of success on Tour they would leverage that into a new equipment deal. Perhaps since players compete for an overabundance of money on a weekly basis and there truly isn’t any off-season throughout the year, the economics isn’t nearly as alluring as it once was. Case in point, the reigning British Open Champion has decided to stay with what has made him successful. The 28-year-old Louis Oosthuizen, who makes his home at Pinnacle Point in South Africa and soon will be a full fledged member of the PGA TOUR in 2011, has signed a multi-year agreement after winning his first major to continue playing PING golf equipment. "Ping's equipment allows me to get the most from my game and reach my potential," he said. "And on Tour they're always right there when I need them. They understand my game and give me a comfort level so I can go out and play with confidence."

John A. Solheim, Chairman and CEO of PING stated, "Louis' achievement at St. Andrews made everyone at Ping very proud. He's been with Ping his entire pro career and we've watched him become a truly world-class player. We are pleased to continue our long-standing relationship with him."

THE BEST IS YET TO COME? Wilson Golf has re-signed Ricky Barnes to a three-year contract. “I’m excited about my partnership with Wilson Golf, a company that has such a rich golf championship history and heritage,” said Barnes. “I’ve played great golf since switching to the Wilson Staff FG Tour irons, and my confidence has translated into success on the course. With a great R&D team working with me, I’m looking forward to achieving even greater success in the years ahead on the PGA TOUR.”

Barnes finished ranked 16th on the TOUR in Top Ten finishes with six, and was eighth in birdies (372). His best finishes include a T3 at The Memorial Tournament at Muirfield Village and two T5s at the Verizon Heritage at Harbour Town Golf Links and the Travelers Championship at TPC River Highlands.

“Wilson Golf is proud to continue its relationship with Ricky Barnes,” said Tim Clarke, general manager of Wilson Golf. “Ricky’s style of play and on-course demeanor couldn’t be a better match for the Wilson brand. He’s working hard, having fun and playing great. In fact, his play has truly connected with the younger, serious golfer and helped that player connect with our legacy of performance.”

LOOKING TO MAKE SOME NOISE: TaylorMade Golf Company announced all of its brands – TaylorMade, adidas Golf and Ashworth – are returning to exhibit at the 58th PGA Merchandise Show at the Orange County Convention Center in Orlando, Florida, January 27-29, 2011.

Each brand is planning a range of exciting activities to take place throughout the week, including the launch of a variety of industry-changing products at the Outdoor Demo Day and within exhibit and demonstration areas on the Show Floor.

"There was a time when golf companies launched their newest and most exciting products at the PGA Show in Orlando," said Mark King, president and CEO. "That's exactly what our plans are this year. We've got a variety of industry-changing products that we'll be unveiling in a big, big way, which is why we'd like to alert attendees, including PGA Professionals, buyers and media, and all else who will be there to please make time to visit us at the demo day and at our booth in the convention center."

WEB GEMS:

LADY LUCK: At the end of a dramatic European Tour season, at the end of one of the richest events in golf, it all came down to a coin toss for Ian Poulter, whose inadvertent dropping of his ball on the green at the second play-off hole cost him his chance to win the Dubai World Championship. READ MORE>>>

STEEP ROAD TO CLIMB: The decline and fall of "brand Tiger Woods" is a story best told not by the supermarket tabloids, golf’s world rankings or this month's relaunch' of a career and an image so brutally damaged by personal scandal, but by a journey, along the Emirates Road to the south of Dubai and then left and down an unmarked road.

Drive for a mile over the speed bumps, past an abandoned security hut, until Tarmac becomes gravel and then another mile until the gravel becomes sand, and there it is: The Tiger Woods Dubai. The first golf course in world designed by the man many consider, or at least considered, the greatest ever to play the game. READ MORE>>>

LONG SHOTS CAN PAY OFF: While some golfers in Venezuela see a dim future, Jhonattan Vegas sees an opportunity. Vegas has become the first Venezuelan to earn a PGA Tour card at the same time that golf is under assault in his country with President Hugo Chavez calling it a pastime of the rich and threatening to seize elite clubs to make way for public housing. Chavez's government already has shut down some courses, including the one where Vegas' father was the groundskeeper and first introduced his son to the game. "One of the things I hope to do for the country is take the sport to the people, and to have people get to know golf a lot better," Vegas said in an interview with The Associated Press. Venezuela "hasn't done anything at all to create a system in which any kid off the street can come and hit golf balls," he said. "Maybe we'll see if we change that paradigm from now on." READ MORE>>>

LAST BUT NOT LEAST: If you like what you have seen with the Daily Pulse, help spread the word. Pass along your copy. Its free and all anyone needs to do is send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it asking to be put on the distribution list. It is a complete opt in or out system.

BEFORE WE GO: If you feel like you may have missed something from a back issue feel free to check out the archive section of the Daily Pulse, which includes an easy to use word search!

ANSWER: Ian Poulter about his ball slipping out of hand, that landed on and moved his coin, which lead to a penalty shot in a playoff yesterday against Robert Karlsson in the season-ending Dubai World Championship.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY O AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

Last Updated (Monday, 29 November 2010 12:52)

 


Web Street Golf Daily Pulse

VOLUME 1, NUMBER 229

Wednesday, November 24, 2010

In observance of the American Thanksgiving holiday, the Daily Pulse will not be published on Thursday (Nov 25) or Friday (Nov 26). A happy and safe Thanksgiving to all Americans. Thank you to the many international readers for your patience during our absence. The Daily Pulse will be back on Monday November 29, 2010.

ANY IDEA WHO SAID THIS? “It is clearly just another image-rehab attempt by Woods and his sycophants to try to win back corporate money and fans—the fans being important because their support leads to corporate money.”

ON THIS DAY: In 1991, Tom Purtzer and Lanny Wadkins teamed to win the Shark Shoot-Out.

WHAT’S NEXT? While some people in the golf industry believe that growth for the game will be delivered through international channels, specifically Asia and South America, there are some foreign destinations that don’t seem to be support that theory entirely. Europe’s golf market has experienced a significant growth in both demand and supply since the 1980s. The number of golfers has more than tripled in the last 25 years, and golf course supply has doubled in the same period.

Meanwhile, demand and supply within Europe is concentrated in a relatively small number of countries. In fact, 92% of all golfers are located in only 10 countries, with the majority residing in the UK & Ireland. Similarly, the 10 countries with the largest golf course supply provide 90% of all golf courses in Europe. Only a few countries can be considered mature in terms of both demand and supply, reflective to their population size, according to research delivered by KPMG.

While the sex appeal of far away places suggests some nations may one day fall in love with the game, the research report implies that golf is fragmented in its adoption rate from one geography to another. In other words, golf hasn’t gained anywhere the same level of traction with consumers in France, Spain, Denmark or Norway as it has in England, Scotland or Ireland. An effective argument could be made that there is greater opportunities in locations that are already somewhat developed (be it in a small way) as there are with converting casual players into being avid ones. According to KPMG’s research, during 2000 to 2010, England and Wales have experienced a decrease in the number of golfers (-63,800 and -14,500, respectively). However, in absolute terms, the leading countries in golf participation growth were Germany (+254,000 = 74% growth), the Netherlands (+204,000 = 146% growth) and Spain (+187,000= 124% growth). The Czech Republic, despite having the most developed golf market in Eastern Europe, has experienced an impressive growth rate in percentage terms of 650% in the last 10 years, which was also significant in absolute terms, as almost 40,000 new golfers have been registered in the country.

Golf is struggling to find ways to grow itself. To those who play the game, regardless of geographies, it isn’t important as empty tee times can mean they are available for less money. However, as an industry or a company that relies on selling equipment, collecting green fees or selling private memberships it is an alarming trend that must be addressed. More people playing the game isn’t a bad thing and for those who are obsessed with it, its difficult to understand why they wouldn’t be open to the introducing golf to others who haven’t tried it or have taken a sabbatical from it. There are consequences on many levels if this topic isn’t addressed at some point in the future. For more on the European landscape for golf, participation rates by country of the estimated 4.4 million golfers along with a breakdown of male, female and junior golfers throughout continental Europe and the UK click here.

LOCATION, LOCATION. LOCATION: Callaway Golf is planning to open exclusive stories in Chandigarh and Delhi, India by March and eight more stores across the country in next three years. The Indian arm of the US golf equipment company entered a three-year agreement with Chandigarh Golf Association to grow the game. READ MORE>>>

BEST OF THE BEST: The Celtic Manor Resort -- host of golf's 2010 Ryder Cup was voted Europe's "Golf Resort of the Year" by the International Association of Golf Tour Operators (IAGTO). The award was voted on by IAGTO's 345 members -- golf tour operators from no fewer than 51 different countries. "This is a great honor for The Celtic Manor Resort and it is wonderful to be recognized in this way by the world's golf travel specialists," said Dylan Matthews, Chief Executive of Celtic Manor. "It is very pleasing that in a year when we hosted one of the world's biggest golf tournaments, we also more than matched the expectations of the tour operators who bring so many golfers to our resort and its three championship golf courses."

DOWN UNDER, NO WONDER: Australia has been named as 2011 Golf Destination of the Year ahead of 12 other destinations in the Asia and Australasia category. "This is the first time Australia has won an IAGTO award which shows how much the awareness of destination is increasing amongst tour operators,” said Peter Walton, Chief Executive of IAGTO (International Association of Golf Tour Operators) is the global trade organization for the golf tourism industry. READ MORE>>>

NO ONE IS IMMUNE: Irish stakeholders in golf recently met to discuss the challenges facing it during the unsettling times being experienced. Three central themes came out of the conference: (1) The industry is fragmented and needs an 'Ireland Inc' central golf body to lobby for the golf product; (2) domestic growth won't be a savior in the foreseeable future, so tourism becomes more important than ever, and (3) the airlines need to be encouraged or paid to up their game and bring in more golfers from overseas. READ MORE>>>

MULTI-TASKING: aboutGolf announced today the official release of aG Control, its multiple simulator management tool, designed to help indoor golf center and other business owners more effectively leverage their aboutGolf Simulators.

aG Control allows business owners to remotely manage users and rounds on their simulators, as well as monitor rounds in progress, view active simulator screens, send messages to the simulators, retrieve simulator information, analyze usage, remotely access the simulators and view and print scorecards. READ MORE>>>

WEB GEMS:

BACK TO BUSINESS: “We do have a great future ahead. Soon he'll have a bag deal with a new partner and within time I am confident there will be a global brand that will be using his name and likeness,” Mark Steinberg told CNBC’s Darren Rovell. “We're close to a deal coming out of Asia and we're in discussions with a number of companies interested in being on his golf bag.” READ MORE>>>

BEST OF BOTH WORLDS: "It doesn't matter, these guys are just focused on playing the biggest events around the world. I don't think it matters any more where your home tour is," Paul Casey said, offering a hybrid view on the topic. READ MORE>>>

WHO KNEW? Thirty-nine different players won on the PGA Tour this year. Twenty-five won on the European Tour. Twenty-five won on the Nationwide Tour. That’s 89 different players in 2010 winning at the highest levels of the professional golf world. None of them was named Tiger Woods. Raise your hand if you saw that one coming. READ MORE>>>

LAST BUT NOT LEAST: If you like what you have seen with the Daily Pulse, help spread the word. Pass along your copy. Its free and all anyone needs to do is send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it asking to be put on the distribution list. It is a complete opt in or out system.

BEFORE WE GO: If you feel like you may have missed something from a back issue feel free to check out the archive section of the Daily Pulse, which includes an easy to use word search!

ANSWER: John Feinstein on Tiger Woods’ make over

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY O AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

Last Updated (Wednesday, 28 March 2012 23:02)

 


Web Street Golf Daily Pulse

VOLUME 1, NUMBER 228

Tuesday, November 23, 2010

ANY IDEA WHO SAID THIS? “I consider the European Tour as my home - I think you play against the best players in the world. You have all of the great players here.”

ON THIS DAY: In 2003, the Presidents Cup in South America ends in a historic tie after darkness ended the playoff between Tiger Woods and Ernie Els. Captains Nicklaus and Player determined the match should end in a draw.

LIMITED IN NAME ONLY: Talk about catching lightening in a bottle! In only its second event the Limited Edition Cobra ZL Driver helped to captured the UBS Hong Kong Open with a 22-under-par total score of 258 for Ian Poulter. The 11th ranked player in the world posted a second round score of 60, which included 10 birdies and tied the European Tour’s 18-hole scoring record in Hong Kong. Poulter has won multiple times since putting the Cobra ZL driver in his bag. “My Cobra driver and irons have really helped me boost my game this year,” said Poulter. “I am especially impressed with the ZL Driver, this is my third win using it and the first using the all-white version. I like the visual of it, it's really very cool. It's unique and different than any driver I've seen -- plus its performance is great, too. Just like the ZL Driver that I've used all year.” In total, 500 Limited Edition Cobra ZL drivers (300 in the U.S.) will be available at retail on December 15th.

SOMETHING OLD AND SOMETHING NEW: Ian Poulter (ProV1x) and Steven Bowditch (the new Pro V1x prototype) both added to the win totals last week for Titleist but in slightly different ways. Poulter’s victory came in Hong Kong, while Bowditch returned to his native Australia to capture the Cellarbrations NSW PGA Championship. Both played the ProV1x golf ball, but are different versions.

According to Titleist, 89 players at the UBS Hong Kong Open used its ball, more than four times the nearest competitor with 20. In Australia, 115 of the 142 players (81%) went with the #1 ball in golf. Titleist didn’t provide in any break down of how many new ProV1 or ProV1x prototype balls that were put into play through the worldwide events. Bowditch is the second player, joining Padraig Harrington, to win across the worldwide professional tours with the new Pro V1x prototype golf ball. Details are expected to be released in late January on the difference between the versions.

SHOP TIL YOU DROP? The 2010 Black Friday climate in the U.S. isn’t the greatest. A year ago during this time the economy grew at 5.6%, while today’s projections are at less than half the rate of last year. This, combined with a massive unemployment rate at 9.6%, foreclosure problems, a lack of credit, and an overall unease about the economic conditions have brought a lot of concern and frugality into the US household. US household average savings is now 7%, the highest in a very long time. These factors do not set up the greatest Black Friday for retailers.

Spending is anticipated to decrease (again) from $343.31 to $330 on average as people continue to cut back. The Amount of Black Friday shoppers will grow from 195 million last year to 200 million this year. More people will be looking to save on Christmas gifts during this tough time. With a greater amount of shoppers the total amount of Black Friday spending will increase, yet only very slightly, from $41.2 billion to $42 billion, according to BlackFriday2010.com.

LET YOUR FINGERS DO THE WALKING: According to Shop.org's eHoliday Survey, nearly nine in ten (88.2%) retailers will have a special promotion for Cyber Monday, up from just 72.2% in 2007. Retailers' Cyber Monday plans are said to be more robust this year with nearly half of the companies offering specific deals (49.0%, up from 42.9% last year) and many planning one-day sales (41.2% vs. 32.9% last year) and free shipping on all purchases (21.6% vs. 15.7% last year). In addition, the majority of retailers (62.7%) will send promotions and deals to shoppers through a special Cyber Monday email. READ MORE>>>

I WILL GLADLY PAY YOU TUESDAY FOR HAMBURGER TODAY: Ireland’s banks are looking for a helping hand and it might not be too long before Irish golf courses follow suit. Carr Golf Services recently hosted ‘Road to Recovery — Golf Business Conference’ in Dublin and presented it’s findings of the first detailed research report into the golf industry in the Emerald Isle. The findings revealed a significant level of debt amongst clubs, a lack of strategic planning and an average of only 1% of revenue allocated towards marketing, while it was warned that over-capacity could cause the constriction of the industry and the closure of as many as 50 clubs and courses across Ireland.

“Probably over the next few years you’re going to need some closures,” stated Carr Golf Services CEO Marty Carr. “I think it is (inevitable). We asked the courses, and we’re not totally convinced this is correct but we asked the total number of rounds and in terms of utilization being at 100%, it would be 23 million rounds. At the moment we’re in the region of 14 million played this year. If there were in the region of 50 courses closing over the next three to five years, that would be 12% of the supply taken out and if that was the case, then utilization would go up by about 7% which would take you up to about 65%. But that could be going off what I think is a lot of the clubs estimating rounds because members’ rounds aren’t recorded.” READ MORE>>>

WEB GEMS:

COME BACK AND ALL IS FORGIVEN? "We will quickly forget this time if he comes back," she said. "But the more time we see him downtrodden on the course, losing, the more trouble it is." Corporations and consumers alike want to be associated with winners. It's why athletes make such attractive marketing partners.

But Woods has something equally powerful working in his favor right now, Ries said. "We love stories of redemption. We want that happy ending," she said. "That's what Tiger has going for him, because we are rooting for him now." READ MORE>>>

THE SHOW MUST GO ON: Despite the withdrawal of '3' as title sponsors of the Irish Open, Failte Ireland has confirmed that the event will appear on the 2011 European Tour schedule. READ MORE>>>

WORKING WITHIN THE RULES: The rewards for being the world No1 go far beyond money and fame, it seems, after Lee Westwood revealed that the PGA Tour has changed its rules to allow him to play an extra event in the United States next year. READ MORE>>>

WELCOME ABOARD: Reigning British Open champion Louis Oosthuizen and his South African countryman, Charl Schwartzel, have joined the PGA TOUR for the 2011 season. Oosthuizen earned a five-year PGA TOUR exemption when he won the British Open. Schwartzel earned enough money as a non-member in 2010 to finish among the top 125 on the money list so he was eligible to join, as well. READ MORE>>>

LAST BUT NOT LEAST: If you like what you have seen with the Daily Pulse, help spread the word. Pass along your copy. Its free and all anyone needs to do is send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it asking to be put on the distribution list. It is a complete opt in or out system.

BEFORE WE GO: If you feel like you may have missed something from a back issue feel free to check out the archive section of the Daily Pulse, which includes an easy to use word search!

ANSWER: Martin Kaymer, reigning PGA Champ expressing his reasons for remaining a member of the European Tour.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY O AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

Last Updated (Tuesday, 23 November 2010 12:13)

 
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