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Home Daily Golf Briefs Daily Pulse for May 31, 2018

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Web Street Golf Daily Pulse
VOLUME 8, NUMBER 106                                                       
Thursday, May 31, 2018

ANY IDEA WHO SAID THIS? “Time flies when you're having fun or sometimes when you're not having fun, too. I don't think Tiger's had a lot of fun the last 10 years. I would hate to have been through what he's been through, because he's been through a lot. But I think that he is a tough competitor, he's a hard worker, and he's still driven. So that's why I never counted him out. I wouldn't be a bit surprised to see Tiger win this week, not at all.”

BRAIN TEASER: Can you name the player that has played the Memorial Tournament the most times over his career?

BACK TO THE FUTURE: Quicken Loans and the PGA TOUR announced a long-term agreement to create a new professional golf tournament in Detroit, beginning in 2019. “Professional golf belongs in Detroit. The Motor City – and the entire state of Michigan – have long served as a premier golf destination with some of the best courses in the country. We will be working with the PGA TOUR to make the Detroit stop one of the most exciting and engaging events on the professional golf calendar,” said Quicken Loans CEO Jay Farner.

The Detroit Golf Club (DGC) is expected to serve as the host venue. As part of the agreement, Quicken Loans will retain title sponsorship of the Quicken Loans National taking place at TPC Potomac in the Washington, D.C., area in 2018. It will mark the fifth consecutive year that Quicken Loans will be title sponsor of The National.

GOOD MONEY AFTER BAD? The city of Detroit is planning to invest $2 million in its three golf courses over the next two years amid a legal battle with its previous contractor and uncertainty over the fate of the courses. READ MORE>>>

TAYLORMADE’S WEB: Golf has been intrigued by a direct to consumer business model. In many ways it appears to be a no-brainer. The additional profit margins are ultimately the carrot on the end of the stick. However, it would directly (pun intended) and indirectly initiate competition with its retail distribution channels throughout the world. This is where its gets fuzzy. Forecasting is an inexact science even on the best of days, but its a little more predictable when it comes to prognosticating retail accounts initial orders based on historical patterns. But who doesn’t want to make more money? The question is whether taking a step back can lead to moving forward? One way potentially around this is through specialization, personalization. Retailers, typically, don’t have much of an appetite for this and certainly don’t want to shelves stocked with something that could take a while to sell. Therefore, an easy way to navigate these tricky waters is for a manufacturer to sell directly and in turn observe what happens for perhaps down the road.

TaylorMade Golf has introduced MySpider, a new personalized consumer putter program inspired on Tour, first by staffer Jason Day with his original Spider Tour Red in 2016. The MySpider program, available via TaylorMadeGolf.com, allows golfers the ability to personalize a Spider Tour to thousands of possible combinations with the following options:

myspiderHosel:

•        L-neck (#1) (RH only)

•        Short slant (#3)
•        Double bend  

Sightline:

•        No sightline
•        T-sightline
•        Single dot
•        Single line

Additional Customization Options:
Head color: black, red, green, blue, white, pink, purple or silver
Wing color: black, red, green, blue, white, pink, purple or silver
Face insert color: red or black Pure Roll® insert
Shaft color: black or chrome
SuperStroke Pistol GTR 1.0 grip: black, red, green, blue, white, pink, purple or silver  
Shaft length: Between 32"-36", available in .25" increments

MySpider putters are shipped direct from the factory with an estimated 21-day lead time. Cancellations, modifications, and returns not permitted. The MSRP is $360 USD.

ANOTHER SELLER: Callaway Golf Co VP Mark F. Leposky sold 21,768 shares of the company’s stock in a transaction on Friday, May 25th. It was sold at an average price of $19.00/share, for a total value of $413,592.00. Following the completion of the transaction, he now directly owns 140,500 shares of the Callaway stock, valued at approximately $2,669,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

REMEMBER THESE GUYS? A couple of guys that were once in positions of power in the equipment sector have resurfaced in new capacities within the industry. ClubCorp has chosen David Pillsbury as its next Chief Executive Officer effective June 1, 2018. He started his golf career at American Golf Corporation, then became General Manager of Nike Golf and went on to become President of PGA TOUR Golf Course Properties Tournament Players Clubs.

Topgolf Entertainment Group (TEG) has hired former TaylorMade Golf Company CEO Ben Sharpe as President of the Toptracer Range division. Prior to joining Topgolf, Sharpe spent nine years at TaylorMade-adidas Golf, starting as the Vice President of the EMEA/Pacific region. He became CEO in 2014 and replaced by David Abeles in March of 2015. He also previously served as CEO of Lyle & Scott.

WEB GEMS:

TO BE OR NOT TO BE? There will be little choice but to allow the players preferred lies at this week’s U.S. Women’s Open, world number three Lexi Thompson said on Tuesday as officials reiterated their desire not to resort to the measure. READ MORE>>>

ADAPT OR RISK DYING: Golf is “flat” and must “fundamentally change its culture” or “suffer the consequences”. That was the stark message from Martin Slumbers, the R&A chief executive, as the governing body finally admitted its historical shortcomings in attracting women to the sport. READ MORE>>>

GETTING CLOSE? The two biggest figures at the Memorial, Jack Nicklaus and Tiger Woods, managed to carve out some private time at the back of the 10th tee amid a mass of people Wednesday at Muirfield Village. READ MORE>>>

ANSWERS: “Time flies when you're having fun or sometimes when you're not having fun, too. I don't think Tiger's had a lot of fun the last 10 years. I would hate to have been through what he's been through, because he's been through a lot. But I think that he is a tough competitor, he's a hard worker, and he's still driven. So that's why I never counted him out. I wouldn't be a bit surprised to see Tiger win this week, not at all.”--Jack Nicklaus.

The three players that have played the Memorial the most are Jack Nicklaus (30 times), Jay Haas (29), Roger Maltbie (27). Who else but the host would have the most starts at the event?

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW 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