VOLUME 1, NUMBER 137

Web Street Golf Daily Pulse

VOLUME 1, NUMBER 137

Thursday July 15, 2010

ANY IDEA WHO SAID THIS? “Beheadings have gone out of favor in Scotland, but the Old Course is getting butchered today. The scoreboard's dripping red numbers.”

ST. ANDREWS FACT: In 1854, the present R&A Clubhouse was built overlooking the Old Course. In 1873, the Open Championship was first played on the Old Course and the Old has now become the most frequent venue, having been used 27 times. This year will mark the 28th time the Old Course has been host to the Open Championship.

In 1894, St Andrews Town Council obtained control of the Links following the passing of the first Links Act by parliament, safeguarding public access for locals and visitors alike. Two more courses were created on the Links – the New Course 1895 (paid for by the R&A) and the Jubilee Course 1897 (paid for by the Town Council). In 1914, a fourth course, paid for by the Town, was opened – the Eden Course, designed by Harry S Colt. In 1972, the first nine-hole course was opened – the Balgove, a simple layout for children and beginners.

WHAT THEY’VE SAID: “Victory anywhere is always sweet, but to win at St Andrews is so special it rises above everything else.” Seve Ballesteros

COULD BE BETTER, COULD BE WORSE: It appears that sales for the Open Championship are as well as can be expected. “Corporate sales, because it's St. Andrews, are up compared with the last year or two. But they're nowhere near what they were 10, 12, 15 years ago,” said Peter Dawson, chief executive of the R & A. “We're expecting a successful Open commercially here in St. Andrews. We are, of course, in the middle of a pretty bad economic period, and just how many people come and pay at the pay gates as opposed to having bought their tickets in advance remains to be seen.”

ACT NOW: PGA of America took no chances that a tepid U.S. economy would crimp hospitality sales for the 2012 Ryder Cup, cutting prices by 5 percent to ensure demand would be strong, a top executive with the biennial golf event said. Golf industry officials know the good old days have not returned. The Royal & Ancient, organizers of the British Open, said on Wednesday there were few signs of improvement from the corporate sector but revenue from other sources would ensure targets were met. READ MORE>>>

GOT ANOTHER ONE: The U.S. Golf Manufacturers Anti-Counterfeiting Working Group (the "Anti-Counterfeiting Group") reported the Beijing Hadian District Court found five individuals guilty of the crime of attempting to sell counterfeit golf equipment. READ MORE>>>

LOOKING UP? Jones Lang LaSalle Hotels announced that the volume of United States hotel transactions for the first six months of 2010 eclipsed $2.2 billion, increasing 153 percent from the same period in 2009. This is according to Jones Lang LaSalle Hotels’ proprietary database, which tracks true asset transactions $10 million and above, and excludes note sales, recapitalizations and foreclosures.

“The uptick in investment volume gained considerable momentum in the second quarter of 2010, with transaction volume totaling $1.4 billion, following the $814 million of hotels which traded in the first quarter. Improving lodging fundamentals, along with investors’ more congruous understanding of values and slowly increasing market liquidity, is driving the boost in investment volume,” said Arthur Adler, managing director and CEO-Americas for Jones Lang LaSalle Hotels. READ MORE>>>

WEB GEMS:

CHECK IT OUT: Pictures of Day 1 at St. Andrews. CLICK HERE

ARE YOU KIDDING! The most outrageous outfits at St Andrews in pictures. CLICK HERE

FORE: Six things to look out for at St Andrews and the weather isn’t one of them but could quite easily steal all the thunder... READ MORE>>>

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ANSWER: Dan Jenkins

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