"The development of elite players is one of the major functions of this TOUR, and we're all excited about when the next Mike Weir will emerge."
/That's Commissioner Canuck Thursday talking about the PGA Tour saving the Canadian Tour from extinction and providing a feeder tour to the Web.com Tour. Someone asked the Commish about money. Big no no!
Q. I know that the PGA TOUR had lent both strategic and financial support this past year. Can you elaborate on how much financial assistance was given to the Canadian Tour?
COMMISSIONER FINCHEM: It wasn't an extreme amount. I don't see any reason to talk about that publicly. We wanted to be of assistance, and we certainly wanted to make sure that every opportunity was available to look at the future here, both from the standpoint of what it wound up to be, but also from the standpoint of if it didn't go this direction, our assistance allowed other options maybe to come on the table. It developed, and it is going to go this direction. Now we're past all of that and moving forward.
Ian Hutchinson with the details from the Canadian perspective, including the loan amount, which turns out is nothing more than a low level PV VP salary.
The tour floated the struggling Canadian Tour an operating loan last year believed to be in the $750,000 range. Over the years, the Canadian Tour has faced limited fan support and rapidly changing sponsors.
“This is the logical next step for the tour’s sustainability and growth,” said Pierre Blouin, chairman of the Canadian Tour board of directors.