This week we'll take a little Bag Drop field trip. Instead of talking about the equipment, we'll look at the equipment business. Specifically, let's take a look at the change in the leadership of the PGA of America.
Point of clarification: we're talking about the PGA of America, not the PGA Tour. There's a lot of confusion about the fact that these are two separate entities. The PGA was founded in 1916 as an association of the country's club professionals - the pros who work at golf courses teaching lessons and managing the facilities. At the time, this designation also covered golfers who played for a living on what would become the PGA Tour. The Tour was run by the PGA of America until the late 1960s, when star players like Arnold Palmer and Jack Nicklaus - and IMG - decided they didn't want to share the spotlight and the cash with the lowly club pros anymore, and they acrimoniously split. Thus, the PGA Tour was born.
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