THIS WEEK IN MORNING READ Mike Purkey wrote, "The European Tour is in deep trouble, and it appears that the PGA Tour will come riding to the rescue. But at a price."
The European Tour has canceled 16 events due to the coronavirus pandemic, including The Open Championship, its first cancellation since World War II. They still hope to play a 26-event schedule that begins (hopefully) on July 30.
Obviously, the Europeans don't have PGA Tour-level resources. Survival is the goal.
Purkey quoted an April memo from European Tour CEO Keith Pelley:
"Our tour has enjoyed a significant period of growth in recent years, in terms of prize funds, playing opportunities and the overall standard of our events, as well as our broadcast product.