I Don't Know About You...
/...but after reading this Gerry Dulac story on the 84 Lumber Classic's demise, I could take a big rain check on meeting Joe Hardy's daughter:
"My dad, he can spend money," said Maggie Hardy Magerko, Joe's daughter and president/owner of 84 Lumber Co.
It was that spending, apparently, that helped lead to the demise of the tournament, which will be discontinued after this year as part of a growth plan by 84 Lumber to expand the nation's largest privately owned lumber and building supply retailer into a $10 billion company.
And that decision was made by Hardy Magerko, not her father, whom she says did not want to cancel the tournament.
"It was my decision," said Hardy Magerko. "I'm 40 and my dad is 83. We don't always agree on things. He has different motivation. I want to pass 84 Lumber to my sons. He likes legacies.
"That's our biggest dilemma. He spends too much money. I want to make money."
The 84 Lumber Classic agreed to a six-year sponsorship extension with the PGA Tour that would allow the tournament to move to June, beginning in 2007. Four months later, Hardy Magerko changed her mind because she said the cost of running the tournament for the next six years would have been $100 million.
Among the reasons: Hardy Magerko said her company will be spending "lots of money" to aggressively purchase smaller lumber and framing companies to eliminate competition.
So good to know the money is going to such a worthy cause. What a legacy!