View Mobile Site
Dec 7, 8:04 AM EST

PGA Tour signs deal to partner Chinese firm Shankai

AP Photo
AP Photo/Ng Han Guan

Interactives
Hole-by-hole tour of PGA Championship
Hole-by-hole tour of British Open
U.S. Open Panorama
Hole-by-hole tour of Bethpage Black
Hole-by-hole tour of Augusta National
Special Section
Complete Golf Coverage
Latest Golf News
Nathaniel Crosby appointed US captain for Walker Cup

LPGA adding 2 events on West Coast for 2018

McIlroy plans busy schedule leading to the Masters

Tours to eliminate 2-shot scorecard error for reviews

Shubhankar Sharma wins weather-delayed Joburg Open

Multimedia
Video photo gallery on trash in China
China celebrates 60th year
Panorama of Tiananmen Square
Remembering Tiananmen
A year after China quake
Migrant laborers struggle to find work
Checking Beijing's Air
China's morning exercises in parks
Exploring Chinese Cuisine
Beijing Architecture Changes For Games
Woman Rescues Homeless Quake Dogs
China Holds Funeral for Panda
China's 1-child Policy Causes Extra Pain
Map of Earthquake Zone in Central China
Entrepreneurs Move Into, Out of China
Olypmics in Beijing Highlight China's Water Woes
Foreign Buyers Head to China Despite Problems
Coal Use Produces Pollution, Illness
Coal Means Profit, Woes for China
China Extending Its Reach Around the World
In China, the Desert Closes In
Latest News
Another deadly blaze strikes Beijing, killing 5

China marks Nanking Massacre's 80th anniversary

Stay or flee: Sold NKorean brides face hard choices in China

Australian lawmaker quits over Chinese political links

China's November auto sales growth flat

Audio Slideshow
Panorama of Tiananmen Square
Remembering Tiananmen

BEIJING (AP) -- The PGA Tour has signed a deal to partner with Chinese firm Shankai Sports to manage the operations of its China series for 20 years from 2018.

Shankai, a Beijing-based firm, says its new venture is receiving a 300 million yuan ($45 million) investment from Yao Capital, a private equity firm co-founded by former Houston Rockets player Yao Ming, and U.S.-based IDG Capital.

After a one-year hiatus, the PGA Tour China Series will resume next year.

The move comes as China has cracked down on golf in recent years, with authorities closing more than 100 courses in an effort to conserve water and land.

Greg Gilligan, PGA Tour's Greater China managing director, says the closures were related to code violations and that China is supportive of the sport.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

 

Powered By
Morris Technology
Please wait ...