Hear from the car radio while driving to work that the F1 organizer is asking the drivers to reduce their pay so that the F1 race can continue during the global financial crisis. Many F1 sponsors are pulling out or reducing the money. Honda had decided to pull out from F1 2 weeks ago.
Many of the big companies particular those in the US are facing financial problem. These companies will have to cut down their sport sponsorship budget for next year.
For the PGA tour 2009 schedule with was released 2 weeks ago, everything is still in order. Car companies are still sponsoring the tour. Mercedes-Benz Championship, Buick Invitational, The Honda Classic, Buick Open and BMW Championship are all scheduled with the same amount of price money. FedExCup is still paying 10 millions dollar for the winner. So the PGA tour players are very lucky I guess.
Don’t know about the European tour and the Asian tour. Are the price moneys still the same?
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