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HEADLINE STORY

Promoters breathless as Woods beats cut

As Tiger Woods tapped in the shortest of birdie putts on the 18th green last night, you
could almost hearthe sighs of relief from the promoters of the New Zealand Open. For
almost five hours, their mu Iti-m ill ion-dollar investment in the world No. 1 had hung on a
knife edge. Where a week ago the bookies would only talk of Woods winning, yesterday
the unthinkable loomed. Fears of him missing his first cut anywhere in the world since
1997. With his putter still out of sync and his long game becoming a co-conspirator, the
promoters were having nightmares about a mile-long of angry spectators demanding
their money back for a weekend without the star attraction. But the sight of him not
putting one of his drives within 15 yards of a fairway over the first seven holes and then
missing twice from four feet as he dropped three successive shots on the back nine called
for a rethink. (Otway 2002:43)

'Woods' flat fee of $NZ5 million ($A4.16 million) to appear in the tournament dwarfs the
$NZ1 million total prizemoney' (Carroll 2002: 8), but was seen by promoters as worth the
risk in order to highlight golf for a New Zealand and global golfing public. Golf's dilemma is
indicative of the challenges confronting sports in an increasingly competitive and commercial
environment—that is, how to obtain a competitive advantage over other sports by maximising
the promotional potential of its star players. The risk for promoters was financial. Would
the drawing power of Tiger Woods, and the subsequent rise in ticket prices, ensure at least
break-even or better for the tournament promoters? As Carroll noted (2002: 8), the 'local
golf association that normally stages the tournament was out of its financial league and
had to contract the event to a private corporation'. By contracting the event out, the local
golf association divorced itself from the financial risk yet encouraged the potential for a
promotional windfall for golf in New Zealand. Globally, television was the vehicle used to
promote golf, New Zealand and the star attraction, Tiger Woods.

In the technological world of the 1990s and 2000s, many sports have emerged via
the media to challenge for the position of global dominance. Soccer has long remained
unchallenged as the world's most globalised sport. This competitive advantage has been based
on high levels of participation and interest in so many countries throughout the world. For
example, the 1998 World Cup drew a cumulative television audience of nearly 40 billion for the
64 matches (DaunceyEt Hare 2000). Basketball, via the National Basketball Association (NBA),
is another exam pie, as is tennis. Golf, a genuinely global game but generally targeting different
demographic groups from basketball or soccer, nicely expounds the conundrum confronting
sport marketers. The challenge is how to maintain the integrity of golf's traditions, yet ensure
that sophisticated marketing strategies are devised to position and expand the sport globally.

Major changes to the competitive positions of a variety of sports have occurred as a
consequence of the media's ability to show sporting competitions played in all parts of the
world. Domestic competitions also have increased in familiarity through the media. For
example, the former Victorian Football League (VFL) has expanded from a 12-team statebased
competition to become a 16-team national com petition played in five states. Basketball
also has capitalised on its increased exposure, creating the National Basketball League (NBL).

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Questia, a part of Gale, Cengage Learning. www.questia.com

Publication Information: Book Title: Strategic Sport Marketing. Contributors: David Shilbury - author, Shayne Quick - author, Hans Westerbeek - author. Publisher: Allen & Unwin. Place of Publication: Crows Nest, N.S.W.. Publication Year: 2003. Page Number: 2.
    
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