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CANADIAN TOUR WILL BECOME PGA TOUR CANADA IN 2013

PONTE VEDRA BEACH,Fla.andTORONTO- After lending strategic and financial support to the Canadian Professional Golf Tour in 2012 and evaluating all aspects of the business, the PGA TOUR has agreed to assume operational control of what will become PGA TOURCanadain 2013. The conversion will begin November 1.

Moving forward, the new PGA TOUR division will provide direct access to the Web.com Tour for its leading money winners, based on the final Order of Merit. The top five players will receive playing privileges on the Web.com Tour, while the next five will be exempt into the finals of the Web.com Tour qualifying school.

The announcement was made today by PGA TOUR Commissioner Tim Finchem; Pierre Blouin, Chairman of the Canadian Tour Board of Directors; and Rick Janes, Commissioner of the Canadian Tour.

"Having gained a thorough understanding of the golf landscape inCanadaover the course of the 2012 season, we are confident that by fully dedicating our assets and resources, PGA TOURCanadawill be well positioned to play an increasingly important role in professional golf," Finchem said. "With a solid foundation of existing tournaments along with outstanding opportunities to establish new events, we are confident PGA TOURCanadawill strengthen and grow in the coming years."

"This is the logical next step for the Tour's sustainability and growth," Blouin said. "The PGA TOUR provided invaluable assistance throughout the 2012 season and through its evaluation process saw strong potential. Golf is incredibly popular inCanadaand PGA TOURCanadawill be a very important part ofCanada's sports landscape in the coming years. I also want to acknowledge the efforts made by Rick Janes and his staff throughout the process to assist the PGA TOUR in gaining a better understanding of the Tour."

Details on the full schedule and the Tour's executive structure will be announced at a later date. PGA TOURCanadawill debut with a minimum of eight tournaments in 2013 offering a minimum purse of $150,000, with the goal of eventually growing to 12 or 13 events. All tournaments will be held inCanadaduring the summer months.

"We have long recognized the many advantages of joining forces with the PGA TOUR," Janes said. "It not only brings a new level of stature toCanada's domestic circuit, it ensures that PGA TOURCanadawill continue to attract the best young professionals and offer the highest level of competition. For developing young Canadian players the opportunity to compete on home soil against top PGA TOUR prospects from around the world is a tremendous advantage."

The PGA TOUR will work with all Canadian media outlets including its television partners, Shaw/Global TV and TSN, to broaden coverage of PGA TOURCanada. The TOUR also will highlight PGA TOURCanadathrough all media resources, including PGATOUR.com and digital platforms.

Golf's popularity inCanadais reflected in an in-depth economic impact study that showed nearly 6 million Canadians play golf, representing 21.5 percent of the population, more than double theU.S.participation rate. The PGA TOUR has experienced golf's popularity first-hand with the annual RBC Canadian Open, the Champions Tour's Montreal Championship and the highly successful 2007 Presidents Cup at Royal Montreal GC.Canadaalso consistently ranks second only to theU.S.in traffic to PGATOUR.com.

"We view this as a win-win proposition that strengthens an established Tour in a country that absolutely loves golf," Finchem said. "As the Tour continues to develop and grow, charitable contributions and the value provided to tournaments sponsors will increase, as well. As for the PGA TOUR, this expands our brand inCanadaand gives us geographic integration throughout theAmericasin concert with PGA TOUR Latinoamérica."

PGA TOUR Latinoamérica, which emerged from a collaboration between the PGA TOUR, Tour de las Américas, National Golf Federations, promoters and host clubs throughoutLatin America, has debuted this fall with 11 tournaments in seven countries. PGA TOUR Latinoamérica's top five money winners will receive Web.com Tour playing status in 2013.

Between PGA TOUR Latinoamérica's plan to go to a split spring-fall schedule and PGA TOURCanada's summer schedule, players qualifying for bothTourswill have the opportunity to play a year-long schedule. BothTourswill conduct their own qualifying tournaments for membership.

"We believe that PGA TOURCanadahas an important place in professional golf and will continue to help identify and develop talented players who aspire to one day play on the PGA TOUR," Finchem said. "With that in mind, it makes sense to give its top players direct access to the Web.com Tour."

Former Canada Tour players have accounted for more than 110 victories on the PGA TOUR, including Canadians Mike Weir, Dave Barr, Dan Halldorson and Ian Leggatt. Other alumni who have PGA TOUR victories include Steve Stricker, Nick Watney, Stuart Appleby, Tim Clark, Bryce Molder, Jason Bohn, Brendan Steele, Craig Parry, Tim Petrovic, Grant Waite, Will McKenzie and Brandt Jobe, to name a few.

About the Canadian Professional Golf Tour

Since its inception as the Peter Jackson Tour in 1971, the Canadian Tour has evolved into a high-caliber, coast-to-coast training ground for professionals on their way to the PGA TOUR. Its alumni include not only the game's Canadian legends, but also many of its most prominent international names, who have collectively won 113 PGA TOUR titles and over $450 million in prize money. The Canadian Tour is widely considered one of the world's top developmental professional golf tours.

 

About PGA TOUR

The PGA TOUR is the world's premier membership organization for touring professional golfers, co-sanctioning more than 100 tournaments on the PGA TOUR, Champions Tour, Web.com Tour, PGA TOUR Latinoamérica and PGA TOURCanada.

 

The PGA TOUR's mission is to entertain and inspire its fans, deliver substantial value to its partners, create outlets for volunteers to give back, generate significant charitable and economic impact in communities in which it plays, and provide financial opportunities for TOUR players.

 

PGA TOUR tournaments are broadcast to approximately 715 million households in 225 countries and territories in 29 languages. Virtually all tournaments are organized as non-profit organizations in order to maximize charitable giving. In 2011, tournaments on the threeToursgenerated more than $121 million for local charitable organizations, bringing the TOUR's all-time total of charitable contributions to more than $1.7 billion.

 

The PGA TOUR's web site is PGATOUR.com, the No. 1 site in golf, and the organization is headquartered inPonte Vedra Beach,FL.