Posted February 26, 2014

Bank Honcho: Woods Should Pass on ‘Meaningless’ Paydays and Play Events That Matter

News, Tiger
Tiger Woods

Tiger Woods at the pro-am prior to the start of the Honda Classic (Credit: Getty Images)

Tiger Woods is the highest-paid golfer in the world, but not all his cash was created equal.

Take it from Giles Morgan, global head of sponsorship for HSBC, who says that Woods should seek his paydays in tournaments that matter instead of playing in “meaningless … money-making opportunities.”

One of the events that matters most to Morgan is the $8.5 million WGC-HSBC Champions in Shanghai, which Woods has skipped the last two years, opting instead for hefty appearance fees elsewhere in China and beyond.

Speaking in advance of this week’s HSBC Women’s Champions in Singapore, Morgan said that HSBC honchos have “had words” with the major tours, urging them to help get golf’s biggest names to appear in golf’s biggest events.

“I do think the tours — and I think the tours are working on this — should make sure that there is respect to the tournaments,” Morgan said. “As opposted to playing in meaningless money-making opportunities around the World Golf Championships.”

He went on: “It’s up to the tours to enforce the criteria to their membership. And we’ve expressed our position to the tours, which is that we know they can’t enforce their players to play and that’s fine, we understand that. But we do think that players need to be respectful of these major events (which) are really at the top and the pinnacle and the lifeblood of the sport. If you’ve got sponsors investing that level of money, the players should respect the calendar.”

The WGC-HSBC Champions is held in November, but the last two times around, Woods has chosen to be somewhere else, carrying out what he referred to as “corporate stuff.”

In 2013, during the same week as the Shanghai event, Woods competed in an exhibition match against Rory McIIroy on China’s Hainan Island before jetting off to play in the Turkish Airlines Open, an event that netted him a reported $3 million appearance fee.

Fat appearance fees have become one of golf’s hot-button issues, with some critics suggesting that the lure of big money in otherwise low-prestige events threatens the health of the game as a whole.
HSBC’s Morgan has been vocal on the subject before.

Last year, when Woods snubbed the Shanghai event in favor of his match with McIlroy, Morgan made his displeasure clear. He even tossed that same “m” word around.

“For a meaningless game in China to take place on a few days before (the WGC) is disappointing,” he said. “This tournament has to be bigger than the individual.”

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79 comments
Serge_Storms
Serge_Storms

One way to get Tiger to not play your tournament is to criticize him in public.  Mission accomplished, HSBC.  Like him or not, he's still the biggest draw in golf.  The TV numbers when he plays vs. when he doesn't show that.  Of course, that assumes he's playing well enough to be in contention, that certainly hasn't happened lately, not today either.

MorphySmith
MorphySmith

Golfers are all free agents and except for a min number of tournaments required to play to keep their PGA status are free to capitalize anywhere they want. think of all the lesser tournaments like the Shell Houston Open and others where tiger has never set foot.

TrevorThompson
TrevorThompson

An executive from a bank that launders drug money is complaining about golfers not working hard enough for their millions?  Perhaps the golfers don't want to be associated with a gang of criminals.

ca1879
ca1879

Apparently, this corporate dude thinks TW and the rest are employees. Good luck ever getting him to your tournament now, dumbass.

Petr Julianov
Petr Julianov

It's nice to have him in ay tournament he can. He just have a little chance to Winn . Because field is stronger then ever...

Joe Mariano
Joe Mariano

Play..dont play..who cares. Just stop whining and throwing your clubs ahole.

Debra Pelz
Debra Pelz

Hey would you let someone tell you when to play golf....I know I wouldn't....play every game. Good luck

Anthony Paschall
Anthony Paschall

I'm sure Mr. Woods has enough funds to play when he likes and as bad as he likes. If I were him,I would play when I felt like it.

billybongbong
billybongbong

I  could care less what tourney he plays.  He is no longer the future of golf, he is a "pro celebrity"  shadowing the best performance years of his life ....by taking the money and running ....fast,  before his followers realize he's a has been.

jradam77
jradam77

As much as I like TW's golf; I could not agree more with that article. Tiger Woods is NOT playing golf. That is why He is losing his "feels" on various greens and being upstaged by the likes of Zach Johnson. Tiger is taking his game way too much for granted because his game not showing progress since Torrey and The Emirates. Tiger is already regressing this season. I cannot see a good season coming out of him this year. I'll be shock if he wins two tournaments this year.

HenryHoser
HenryHoser

The problem with requiring players to play in certain tournaments is that then the tournaments do not have to woo the players. Forcing the tournaments to compete for the players simply makes the tournments even better. Bottom line - you get what you pay for.

Iain Clarke
Iain Clarke

Woods +2, T68th and you focus on him?? Geez.

Jay Langa
Jay Langa

If he got rid of the shades he would prolly see that Sean Foley is not the guy.

kelprod1
kelprod1

The words "respect" and "Tiger Woods" should never be used in the same sentence. Based on his actions, both on course and off, he clearly only respects the man in the mirror.

Clip
Clip

It's great when the uber rich(like Mr. Morgan) don't get their ways and can't buy what they want even with all the cash in the bank. They cannot handle anybody ever telling them NO and not getting what the want.  I enjoyed how he said they are putting "pressure on the Tours". What a whiner.

Jerry1200
Jerry1200

Would I rather have $3M guaranteed or play in the WGC-HSBC with the potential to win $1-2M.  The importance of the WGC-HSBC would be better - hahahahaha.  What would Giles Morgan do, given the same opportunity?  Take the money and run.  What a dufus.

zzcraigzz
zzcraigzz

Why does this guy get to decide that the HSBC China tournament is of critical importance to the game. Who cares?

Boyke
Boyke

I understand the critic but the man should also understand that Woods is now involved in golf in a different manner. Woods is helping the world (Turkey, Abu Dhabi etc) make golf more popular in designated areas than just in the USA or Europe. The side effect of Woods not competing is that other guys can become a millionaire too.  

Chase Lester
Chase Lester

he should do what he feels is best for his game...

Trisha Martin Paresa
Trisha Martin Paresa

tiger is in charge of his life....all he needs to do is surpass sam sneed.......and watch his kids grow...but he's got testosterone and likes to play golf........so let him play and I will watch his tournies.

JonathanTom
JonathanTom

Didn't HSBC get away with money laundering $1.9 billion from drug cartels and now an executive is telling him to stop following the money? I could be wrong.   

Michael Sunderman
Michael Sunderman

Scott Jackson- I think the PGA tour would be much stronger if every tour player was required to play all the events at least every three years- making smaller market events like Memphis or New Orleans much stronger. Right now, Tiger and the top players just pick and choose the most lucrative events- and with the size of the purses at these events- they can finish top 30-50 at 10 events a year and still remain on remain on top money list. But, I doubt the PGA will act.

Scott Jackson
Scott Jackson

It's funny how people talk about how bad his game is. Have you looked at the world rankings !!

Lionel Rozario
Lionel Rozario

Tiger is the best golfer ever, absolutely the best

Robert Graham
Robert Graham

He can do whatever he wants to do, do we tell you what you should do?

Rosemarie Green
Rosemarie Green

he should give it up, too many new guys playing way better then him

Steven McIntosh
Steven McIntosh

Tiger should play about 20 to 25 tournaments per year.

Ryan Krueger
Ryan Krueger

I think he should play every week...that's his job! I'd love the opportunity to play every week for 1/10 of his salary.

Jim Cayce
Jim Cayce

Tigers a punk. Who cares what he does

guitarman
guitarman

Josh you should be ashamed of yourself!!! I read Giles Morgan's statement, NOT ONCE did he mention TW's name! NOT ONCE. 

This is what HE said: "But we do think that players need to be respectful of... these major events (which) are really at the top and the pinnacle and the lifeblood of the sport. "If you've got sponsors investing that level of money, the players should respect the calendar."

This is what YOU said: Take it from Giles Morgan, global head of sponsorship for HSBC, who says that Woods should seek his paydays in tournaments that matter instead of playing in “meaningless … money-making opportunities.”

Two different things! Now I'm curious about your journalistic credentials. Sounds like you graduated from Enquirer University, with an internship at the Star.  



dorado
dorado

this tournament only matters to the bank honcho who needs tiger to help pay for his tournament.  only major (jack's record) + sam snead's record + arnie's and jack's events matter. 

hcaur
hcaur

This BS article is like saying men are the only ones in a marriage who cheats....there is always another girl/guy (wink). In this case, didn't Rory also skip the same tournament and opted for the "money" game with Tiger? Where is the criticism for Rory and Adam and Stenson and all the other independent contractors who didn't show up?

Lew Tomeno
Lew Tomeno

Not liking that media ranks tourneys. Also there's a changing of guard.

Lew Tomeno
Lew Tomeno

I suppose these guys can't play every week. Even though I'd like to see a regular season like other sports.

Lawrence Hannigan
Lawrence Hannigan

Play the tour like the rest of the Regular guys do. CHILD PLEASE !!!

macer
macer

@kelprod1

I believeTiger had much respect for his father, mother and Jack Nicklaus.  I sincerely believe he loves his children.  Yes, he disrespected Elin!

macer
macer

Lionel Rozario,

Many followers of golf would support your assertion that Tiger is the best golfer ever, absolutely the best.

I believe Jack Nicklaus is the greatest player in the history of golf because of his record in major professional events, 18 major wins.  Major wins, in my book, is the criteria for judging the greatest players in golf.  Tiger is second greatest to play the game of golf, currently.

pacer00
pacer00

@macer @kelprod1  how did he disrepected Elin but not his kids, he did disrepected his whole family and disgraced his them you tiger kool aids drinker

CRG8941
CRG8941

@macer  Jack never played against the best players.  Some of the best players were not allowed to play.  Read the book "Uneven Lies" by Pete McDaniels.  If the black players had been allowed to play then Jack probably would not have not won fifty events.  So you can't say Nicklaus is the best player in history or the greatest player in history. His competition was limited to the "whites", not the "ALL".

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