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Web Street Golf Daily Pulse

VOLUME 1, NUMBER 130

Tuesday July 6, 2010

ANY IDEA WHO SAID THIS? “The biggest danger of me performing at St. Andrews is the next ten days, me going out and practicing six hours a day beating golf balls. That's not going to help me in ten days' time, and it will actually do me harm. But I love doing it, so I have to avoid that temptation.”

ON THIS DAY: In 2004, the PGA TOUR opened an office in New York City.

IN FOR A PENNY, IN FOR A POUND: The R&A announced the 2010 prize fund will be £4.8 million with £850,000 earmarked towards the champion golfer of the year. This is the first increase in four years as the past three Championships were at £4.2 million with £750,000 in each of those years going to the winner.

"The Open Championship sits at the forefront of world golf and it is appropriate that our prize fund reflects that position in the game,” stated Peter Dawson, the R&A’s Chief Executive. "Over the last eighteen months we have had to take account of the Pound's weakened position against the US Dollar and the Euro, and we have increased our prize money accordingly."

MAKING A DIFFERENCE: “I became better off the tee when I put the Miyazaki Kusala shaft into play,” READ MORE>>>

NUMBERS: True Temper reported it nine of the top 10 finishers at the AT&T National used its shafts, including the winner Justin Rose. The company said it had a total of 106 sets in play.

BUYER’S MARKET: Sport-Haley, Inc., has acquired all of the assets of Fantasi International, Inc., a Florida corporation, doing business as Bette & Court Golf. Sport-Haley will continue marketing the Bette & Court and Swing brands independently from its women's fashion golf apparel brand. Sport Haley paid $410,000 for the assets and did not assume any of Fantasi's liabilities.

HOW ABOUT ANOTHER ROUND?? It’s widely believed that the amount of golf played is an indicator to the health of the industry. In the US, rounds played by recreational golfers have been static to down for some years. However, one geography is showing an exception to this trend. Aussies are known for being keen on their sports, including golf. The Australian Golf Industry Council has released a tally of club member competition rounds played across Australia last year, which shows a healthy improvement in the rounds played as well as golf club revenue. So the question begs, what can the rest of us learn from Oz to see an improvement in frequency and revenues... READ MORE>>>

THERE IS A PLAN: The European Union has launched a new political framework for tourism intended to face the sector’s challenges: financial crisis, aging population, new technologies, global competition and climate change. “Tourism faces also a number of specific challenges: It has to adapt (itself) to the evolution of the society, which is going to have an impact on demand. The population is aging. ... There are a number of emerging and developing countries that are attracting a growing number of tourists. But these challenges also provide new opportunities. Opportunities we have to exploit, ” said Antonio Tajani, commission VP and commissioner for entrepreneurship and industry, said during a news conference. READ MORE>>>

WEB GEMS:

DON’T COUNT HIM OUT: "I think he played great at Augusta and it thought he had it going on at the US Open as well. But he'll be back." READ MORE>>>

THE FIRST THING TO GO CAN BE THE LEGS: The timing is never good for an injury. But for Lee Westwood, in search of his first major title after coming so close at last year’s Open Championship, the latest news has to be a tough one to swallow. Should he decided to play on, he will have to be careful as it may jeopardize the remainder of his schedule. READ MORE>>>

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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: Two-time Open Champ, Padraig Harrington

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