Sunshine Tour

Mega SA golf event on hold

2013-02-02 07:44
Tournament of Hope logo (File)
Somerset West - The Sunshine Tour, in conjunction with the International Federation of PGA Tours, on Friday announced that the much-anticipated $8.5m Tournament of Hope has regrettably been put on hold for the foreseeable future.

Scheduled for a first staging in late November 2013, the Tournament of Hope is sanctioned by all the member Tours that make up the International Federation of PGA Tours. However, the Sunshine Tour confirmed that its commercial partner has been unable to fulfil the expectations of potential sponsors for various reasons beyond its control.

While the necessary funding for the event was originally in place, the recent weakening of the Rand has added more pressure to the budget and it has been decided it would be unreasonable to expect sponsors to commit to the event at this stage.

“It is deeply regrettable that we have had to take this decision,” said Selwyn Nathan, Executive Director of the Sunshine Tour.

“However, we as a Tour cannot be associated with an event that cannot deliver all of our sponsors' expectations at a fair price and therefore puts them and us at risk. We will continue to work with the International Federation to implement suitable guarantees to sponsors who commit to the event, which will allow us to move forward to the first staging of the Tournament of Hope.

“There has been an overwhelming amount of support for this event from South African and international sponsors and we thank them for their commitment and interest. We look forward to making further announcements in due course that will provide clarity on the way forward in order to deliver this world-class event to South African golf fans.”

The Sunshine Tour has been engaged in ongoing discussions with Sun International and Nedbank to explore the possibility of combining the Tournament of Hope and the Nedbank Golf Challenge. With these recent developments, both Sun International and Nedbank have reaffirmed their commitment both to the growth of the game in South Africa and to the staging of the 33rd Nedbank Golf Challenge in its traditional year-end period within the Sunshine Tour’s 2013 summer swing.

Further announcements about the date and the final format of the 2013 Nedbank Golf Challenge will be made in due course.
 

Read more on:    sunshine tour  |  golf
NEXT ON SPORT24X

Casey wins KLM Open

2014-09-14 17:16

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Video Highlights
Sport Talk

 

LOL! 7 brutally honest texts from parents

Sometimes honesty is not the best policy!

 
 

For chic geeks...

DuckTales theme song gets 'quacked-up'
7 things you didn't know about Apple
Apple's sneaky move
Facebook testing self-destruction posts
Vote

Which is your favourite event on the golfing calendar?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured Blog

Dave ask if you would like to meet your local sports heroes and stand the chance to win prizes to the value of over R40 000.

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

Forum Have your Say on Sport24's brand new Forum!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

Blogs Yes your opinion counts. Get it out there

 
There are new stories on the homepage. Click here to see them.