Arizona Pro Golf Events Update
by Ryan Ballengee on Oct 21, 2008 12:21 PM EDT
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PrintJohn Davis has been covering this story for the Arizona Republic. In this piece, he talks about the whole sponsorship scene in Arizona - not just the LPGA event.
There's not much new to report about the PGA Tour events - the FBR Open and Fry's.com Open - but here are a few interesting notes:
FBR extended its title sponsorship with the Thunderbirds in August 2007, shortly before mortgage and credit markets went into a tailspin.
FBR lost $25 million in the second quarter this year and plans to release its third-quarter report next week.
Shares closed last week at 54 cents, down from its high-water mark of $28.02 in 2004, the year it became title sponsor.
WOW. That's about a 97% decline off of its all-time high.
And here's some reassurance about how much the Tour and its tournaments know about the health of their sponsors:
"I don't have any knowledge of how well Fry's is doing financially, but they are committed to this event," [Fry's.com Open] tournament director Scott Reid said Monday. "It's hard to tell until we see attendance figures, but indications . . . suggest it will be just as successful as last year if not more successful."
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shop at Fry's !
I go to Fry’s for most of my small electronics and computer stuff – guess I’d better keep it up !! It’s a great store.
"this ball will fit in that fairway"
We don't have one here
in the DC area. Just Best Buy (blegh) and Circuit City (pretty good).
by Ryan Ballengee on Oct 21, 2008 12:33 PM EDT up reply actions
Best Buy over Fry's...
…for music and videos – and the bring in the newer electronic toys faster than Fry’s – but Fry’s is HUGE and they carry all levels of electronics.
"this ball will fit in that fairway"
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