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This was the reason Golfsmith owed $5.5 million to Callaway Golf Co., $5.1 million to Taylormade Golf Co. Inc., $3.5 million to Nike, $2.3 million to PING Inc. and $2.1 million to Titleist. Golfsmith CEO David Roussy blamed "a recession-driven decline in golf participation and an oversized brick-and-mortar retail presence" for its situation.
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In the 1980s, the significance of all historical tournaments was reassessed by golf historians, working together with PGA Tour staff, during the course of a major statistical research project. [3] The Open Championship was first recognized as an official tour event in 1995, and in 2002, all victories in earlier Open Championships were ...
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