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Stock impact report

FedEx Grows Golf Footprint, Sponsors DP World Tour's Open De France [Forbes]

Cazoo Group Ltd Class A Ordinary Shares (CZOO) 
Company Research Source: Forbes
Whether its merger talk, Strategic Sports Group investing billions into the new for-profit entity PGA Tour Enterprises, the launch of a program that turns players into equity holders—of late, the gears of pro golf business have been grinding as hard as an aspiring tour player during a Monday Qualifier. Add a stalwart sponsor flexing its already considerable golf marketing heft. FedEx FDX has secured the title sponsorship of the DP World Tour's Open de France. The logistics goliath is adding the oldest national open on the continent to a tour presence that already includes the FedEx St. Jude Championship and the season-long FedEx Cup race which culminates with the winner collecting a whopping $18 million. Credit a coordinated sponsorship program for pushing this deal across the finish line. Three years back when the strategic alliance was forged between the PGA Tour and DP World Tour, the overarching driver was to give the membership more playing opportunities. A secondary found Show less Read more
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