Waggle Room: An SB Nation Community

Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Login-facebook
New Blog: Once A Metro covering Red Bull New York!

Bad Golf Economy News Round Up

Rather than do three separate posts with bad news after bad news, I decided to lump them all together.

Geoff Shackelford has a couple of great posts today detailing FBR pulling out as the sponsor in Scottsdale after next year, and his reaction to the criticism levied on Northern Trust.

Then, the Bloggin' Golfer CJ Bush has a good post detailing some of the club manufacturers that he sees as having potentially serious problems surviving in the wake of the liquidation of MacGregor.

And I decided to take my best shot at sounding the alarm about what is happening, and what may be likely to come.

ADD 2:30pm ET:

For the same reasons that Northern Trust got slammed by Congress for sponsorship of and hospitality at Riviera last week, Wells Fargo is being proactive and cutting back its spending at the Wachovia Championship at Quail Hollow.

And, just announced, Morgan Stanley will be doing the same at the Memorial.

 

0 recs  |  Comment 2 comments |

Story-email Email Printer Print

Comments

Display:

Thanks!

Thanks for the props Ryan! I think that Macgregor will be the beginning of the collapse of a few companies. I just hope I am wrong though!

by mcbush25 on Feb 25, 2009 1:35 PM EST reply actions   0 recs

Glad to do it, CJ – it was a good post! I hope you’re wrong, too, but I have a piece on the Golf News Net site about how an investment made in Nickent was written down like 90% or something in mark to market. Bad sign for Nickent.

by Ryan Ballengee on Feb 25, 2009 4:29 PM EST reply actions   0 recs

Comments For This Post Are Closed


User Tools

Welcome to Waggle Room! Join our community! Have a golf story tip? Contact editor Ryan Ballengee and he will follow the story.
Start posting on Waggle Room »

Join SB Nation and dive into communities focused on all your favorite teams.

Connect_with_facebook

FanPosts

Community blog posts and discussion.

Recent FanPosts

Adam2_small
Golf Impact in New York
070519_1202_0001_small
Ya Ni Tseng: Hotter Than Ai Miyazato?
Biggie-worldtrade_small
The Latest Contestant in the 'Tiger Woods Owes Me Something' Is ...
Images_3_small
Bobby Jones, Reporting from Pebble Beach c.1929
Small
Blind leading the Blind
Adam2_small
I Have Been Dishonest With Myself
Small
Q&A with Ken Green: His Comeback Well Underway
Tiger_and_the_magic_club_small
Updated: Acushnet Sells Cobra to Puma Golf
Adam2_small
Dispelling the Myths of Augusta, Georgia
Adam2_small
19 out of 20 Courses in Beijing Are Illegal

+ New FanPost All FanPosts >

Send Tips to Waggle Room

Your name:

Email address:

What do you want to tell Waggle Room?

Golf News Net Shows

The 19th Hole Golf Show - 3/11 - Tiger Woods dominates headlines this week with his rumored return at Bay Hill gaining steam.  PGA Tour Network's Peter Kessler joins us to talk Honda Classic, Fred going boom on the Champions Tour, and more.  Finally, we touch on the USGA-PGA Tour-Ping agreement.

Listen NOW on the Golf News Net Media Player!

The 19th Hole Golf Show on iTunes

GNN Newsmakers Feed

The 19th Hole Golf Show





SBNation.com Recent Stories

Tiger Woods will make his return to golf at the Masters, in Augusta, Georgia beginning April 2010. (Getty Images) +3 updates

Tiger's Coming Back: Woods Will Play In Masters Next Month

via www.swamppolitics.com link

Tiger Reportedly Hires Ari Fleischer To Handle PR Strategy For His Return To Golf

Tiger Woods 2010 link

Could Tiger Make His Return At Bay Hill In Late March?

More from SBNation.com >


Managers

Ryan2_small Ryan Ballengee