| Tour
to Co-operate With Players' Audit Demands The European
Tour has promised to respond "positively" to players' demands to have
its finances examined by an independent auditor. A letter signed
by around 60 players, including Severiano Ballesteros, Nick Faldo, Bernhard Langer,
Jose Maria Olazabal, Darren Clarke and Lee Westwood, was sent to Ken Schofield,
the Tour's executive director, asking that Andersen Consulting be allowed to conduct
the examination. "We responded
positively to this request by seeking not only the identity of the independent
auditor but also a suitable date for a meeting," said Mitchell Platts, the
European Tour's director of communications and public relations. An earlier
report suggested that an initial approach by a handful of leading lights had been
rejected by the Tour on the grounds that there were not enough signatories to
the petition. But Platts added: "We categorically deny that we gave any indication
that we would deny reasonable access to the books." Issues that
players want resolved include the level of staffing by the European Tour, where
the cash bonanza from the Ryder Cup has been distributed, and whether the European
Tour is too British in its bias. Of even greater
concern is where Europe's top players will compete in the future in the light
of the increasingly lucrative purses on offer in the United States. America's
PGA Tour is aiming for a minimum prize fund of $3 million per tournament within
the next year while many European Tour events only offer a fraction of that. Scholfield
said it would be found that the Ryder Cup does not leave the Tour "swimming
in the kind of money that has been suggested. It is, however, the lever that has
helped all of Europe's tournaments. "My recommendation
to the Board will be that we take this forward and provide everything except that
which in normal business practice is confidential. We are happy to comply with
the request. In my view, our system of accountancy will stand the test of any
European sport." Another of
the players' requests is for an emergency general meeting, but Schofield added:
"I can't quite work out why they are calling for that." Colin Montgomerie
is the only big name who has refused to join the demand for a more detailed look
into how the Tour has been run over the last 20 years than is generally disclosed
in its annual reports. But Olazabal
said the players were not suggesting there had been any misconduct. "We just
want to know where the money is going and where it has been spent. It's as simple
as that. This is a big company now." |