Richest Event In World Is Not Rich Enough Apparently

The inaugural non-WGC Tournament of Hope in South Africa has been "postponed" due to "economic climate."

For Immediate Friday News Dump Release:

February 1, 2013 - The International Federation of PGA Tours and the Sunshine Tour announced today that the Tournament of Hope, scheduled for the week of November 18, 2013, has been postponed.

The Tournament of Hope is an event to be contested in South Africa with a primary eligibility category of the top 50 players in the world, supplemented by the individual money lists and Orders of Merit of the various Tours that make up the International Federation of PGA Tours.  The Tournament of Hope is also to be the centerpiece of a proposed worldwide AIDS awareness effort, to be coordinated by the Sunshine Tour.

“We are confident that the initial enthusiasm for the Tournament of Hope remains in South Africa and among other potential international sponsors,” said Selwyn Nathan, executive director of the Sunshine Tour, speaking on behalf of the Sunshine Tour and the International Federation of PGA Tours.  “We are hopeful that, with an improvement in the economic climate, we will be able to conclude all arrangements for a successful staging of the Tournament of Hope at a future date.”

Further announcements concerning the Tournament of Hope will be made periodically.

The entire thing was a bit complicated from day one and up until last February when its status was finally decided.

It all started with a Presidents Cup scheduling brouhaha when the European Tour scheduled the 2011 South African Open the week of the Presidents Cup at Royal Melbourne.