Backing Aspiring Golf Pro Info

Matt24 · Jul 10, 2008

I'm sure someone here has backed an aspiring golf pro. Can anyone tell me what types of deals are commonly done? Thanks

fhmesq44 · Jul 10, 2008

I know one current successful tour pro, I think Kenny Perry, still pays some benefactor a portion of his earnings and the guys sponsored him like 20 years ago. If I remember correctly it is 10% of his earnings and I am pretty sure it is Perry. May be able to find out if you google it. Beyond that, I know nothing.

RickA · Jul 10, 2008

Here is some info:

http://golf.about.com/b/2005/05/21/tour-expenses-and-the-financial-backers-question.htm

shdw01 · Jul 10, 2008

A true degen would build in a clause where you can make him bomb one H2H round a year (one not in contention)

jpblack34 · Jul 10, 2008

Matt, my Dad backed a girl on the LPGA for 3 years. I believe he would still have the contract. It might take me a few days to get it, but I could certainly pass it on to you. Let me know and I'll get him to scan and email it to me.

Matt24 · Jul 10, 2008

jpblack34 said:
Matt, my Dad backed a girl on the LPGA for 3 years. I believe he would still have the contract. It might take me a few days to get it, but I could certainly pass it on to you. Let me know and I'll get him to scan and email it to me.

yeah i would like to take a look if possible or at least just know the main points of it.

tech1515 · Jul 10, 2008

I can't find it to save my life but while I was vacationing this week there was an article in the Daytona Beach paper about Perry and the man who sponsored him. Perry was done but this man he knew said I pay the 5000 (I think it was) and you play if you make it you give 10 percent or 15 percent to Lipscomb Christian college for scholarships. It was a great article but couldnt find it online it was a few days ago. If I recall correctly Perry's kids went there one became a preacher.

jpblack34 · Jul 10, 2008

Matt24 said:
yeah i would like to take a look if possible or at least just know the main points of it.

I'm not really sure how it was set up, so I better not speculate. I'm traveling right now, but I'll try to get it over the weekend and get it to you next week.

Railbird · Jul 11, 2008

If its Richie Fingers going for the Senior tour its a horrible idea

Railbird · Jul 11, 2008

I know both golf and tennis sponsors, they do it to help peoples dreams come true, or atleast give them a shot, and they can more than afford it. For a pure investment its probably not a good one.

ProPokerPlayer · Jul 11, 2008

Railbird said:
If its Richie Fingers going for the Senior tour its a horrible idea

rail u s.o.b. i spit coke all over my screen when i read this........:toast:
Nominee for line of the year...........

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