• Loading stock data...
Friday, December 13, 2024

PGA Tour Expects Growth In Asia To Benefit Both Players And Its Brand

  • The PGA Tour’s interest in Asia began almost a decade ago. Today, the organization hosts three FedEx Cup events in the lucrative Asian markets of China, Japan, and South Korea.
  • There are no active plans on the part of the PGA to add more golf tournaments in Asia for the time being, for fear it will dilute player fields by expanding too quickly.
hideki matsuyama pga tour
Credit: Matt Roberts-USA TODAY Sports

When the PGA Tour announced multiple changes to its season schedule this summer, it’s safe to say there was a lot for both fans and players to adjust to.

For one, the PGA Tour moved back its prominent Players Championship tournament from May to March to create a “season of championships.” Golf’s biggest events of the year are no longer as spread out. Instead, beginning in March, each month will be highlighted by a flagship tournament in the sport.

The current 2019-2020 PGA Tour season also began on September 12,  almost one month earlier compared to prior campaigns. And while the season will still end with the FedEx Cup Playoffs in August – a change implemented last year to avoid direct competition with the NFL – the PGA Tour did add three new tournaments to its already busy fall calendar.

One of those events was the Zozo Championship in Chiba, Japan, which was won by Tiger Woods at the end of October. The tournament is one leg of the PGA Tour’s three-tournament swing in Asia going forward, which represents a key growth market for the organization, according to Ty Votaw, executive vice president, international at the PGA Tour. 

Each of the events, which include established tournaments played in South Korea and China sponsored by CJ Group and HSBC, respectively, offer FedEx Cup points that count towards seeding during the playoffs – thereby making the events more appealing to top players. 

“The purses for the Asia swing are in the top 10 for the year on the PGA Tour because of the fields,” said Votaw. “In addition to lucrative opportunities for players, we can grow the presence of the PGA Tour across the region by televising tournaments in local time zones for fans in those markets during hours people normally watch golf.”

READ MORE: As PGA Tour Moves Along With New Format, TPC Boston Handles Loss Of Event

There’s also ample opportunity for all of the PGA Tour’s registered players to grow their own brands by playing in events in Asia, Votaw added.

Scott Seymour, vice president and managing director of golf at Octagon, agrees with that sentiment. The PGA Tour ultimately wants all the best players in the world to play on its tour, which by default would increase the value of its international media rights deal that it signed with Discovery in June 2018 worth north of $2 billion. 

Additionally, having stars from as many countries worldwide not only benefits players like Japan’s own Hideki Matsuyama – a current top 20 player in the world – but also other golfers that become household names as a result. 

“The PGA Tour is giving ground for all the best players in the world to play on the PGA Tour,” Seymour said, likening this scenario to the impact Yao Ming playing in the NBA had on the growth of basketball in China. 

“When Tiger [Woods] went to Japan and played with Matsuyama in the MGM Resorts The Challenge: Japan Skins tournament [a non-FedEx Cup event] it was massive for the sport and the growth of the PGA Tour brand,” he added.

READ MORE: Pac-12 Presence Continues Las Vegas Push As Sports Destination

According to Votaw, The PGA Tour’s interest in Asia began almost a decade ago, leading to its first sanctioned event, the CIMB Classic in Malaysia, back in 2010. That tournament was eventually replaced by the Zozo Championship in Japan this year, following political tension in the country. 

The PGA Tour says it is happy with operating just three events in Asia for the time being, for fear it will dilute player fields at each event by expanding too quickly. The PGA Tour’s fall schedule is already packed with 11 events, including four international FedEx Cup events – one in Mexico – that are fully sponsored.

“Sponsors expect [player] field quality to approach their level of investment,” said Votaw. “We are happy with how the three Asian events performed this year, with respect to winners, field quality, and the leaderboards there. If we do add more in the future, it would be in another part of Asia at a later part of the fall schedule so that there would be a break in between for players.” 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The Top-Secret Operation to Create the Army-Navy Football Uniforms

The two-year process includes dozens of employees, NDAs, and military historians.

NBA Cup Prize: Every Player Wants the Money, But One Would Get..

Each player on the championship team will win nearly $515,000.
Dec 9, 2023; Las Vegas, Nevada, USA; Los Angeles Lakers forward LeBron James (23) hoists the NBA Cup and celebrates with teammates after winning the NBA In-Season Tournament Championship game against the Indiana Pacers at T-Mobile Arena.

NBA Cup Year 2: Tweaks, Schedule Concerns, and Growing Pains

While Vegas has been the event’s location for the last two years, that could change because the NBA may add an expansion team in Sin City.

New Sixers Arena Clears Key Philadelphia City Council Vote

The team still needs one more vote to move ahead.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
FIFA

Saudis Awarded 2034 World Cup in Uncontested Vote

Saudi Arabia was the only option after Australia decided not to bid.
May 20, 2024

Top Sports Business Jobs This Week (May 2024)

Each week, our staff combs through the thousands of job listings from…
The stands at the Solheim Cup
September 13, 2024

LPGA Apologizes for Solheim Cup Fan Bus Debacle That Left Stands Half-Empty

The USA-Europe women’s team golf event teed off Friday morning.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
October 3, 2022

Real Madrid President Renews Call for Super League

Real Madrid’s president believes that soccer is losing ground.
August 10, 2022

PGA Tour Touts Projected Earnings to Keep Players

The PGA Tour is asking its players to consider their potential futures.
August 10, 2022

Bayern Munich to Make Growth Push in U.S. Market

Bayern Munich is looking to expand its reach in the U.S.
Nintendo-logo
August 3, 2022

Nintendo Profits Underwhelm, Switch Sales Decline

Nintendo failed to meet expectations in the company’s latest earnings report.