Financial crisis ends Madrid Masters
The 2012 Madrid Masters has been cancelled after the financial woes of sponsor Bankia was revealed.
The 2012 Madrid Masters has been cancelled after the financial woes of its main sponsor – Spanish lender Bankia – was revealed.
The EPGA event with a 989,970-euro first prize was won by England’s Lee Slattery in 2011.
“The Madrid Masters will be postponed until 2013 because of the difficult economic situation,” the Spanish golf federation (RFEG) announced on its Twitter feed.
Bankia required a 23.5 billion euro bail-out in May this year, but a Spanish court has opened a fraud case against several former Bankia executives, leaving the lender in further strife.
The Madrid Masters was supposed to take place from September 20-23.
Latest
-
NewsEuropean fans outnumbered but ready to ‘make a bit of noise’ at Ryder Cup
Irish father and son Padraig and Stephen Carr were among the handful of travelling supporters at Whistling Straits on Thursday.
-
NewsUnited States fire up home supporters by launching T-shirts into crowd
US vice-captain Jim Furyk began the fun by leading chants of ‘USA’ with accompanying actions for each letter.
-
NewsBrooks Koepka sidesteps questions about his USA team-mate Bryson DeChambeau
The feud between two of America’s top players has been played out in public for months.
-
NewsJon Rahm out to cap ‘amazing year’ with Ryder Cup glory
Rahm became a father and won the US Open but two Covid-19 cases cost him an Olympic place and a likely win at the Memorial Tournament.
-
NewsPaul Casey eager for more as Ryder Cup preparations step up
The Englishman ended a long wait for a return to the competition in 2018 and is hoping this year is not his last appearance.
-
NewsSteve Stricker must blend experience with raw rookie talent in bid for Ryder Cup
Stricker will soon discover if having eight of the top 10 can see his US side regain the trophy in his home state of Wisconsin.
-
Ryder CupEurope Ryder Cup build-up: The best quotes and social from Whistling Straits
A look at what the European players are saying – on the course and off – ahead of the start of the 43rd Ryder Cup at Whistling Straits.
-
Ryder CupRyder Cup reality: Get a fast start or pray for a miracle
Recent history tells us that the team that leads at the end of day one will complete victory unless something sensational happens.
-
Ryder CupRyder Cup: Can Bryson DeChambeau be a team player at Whistling Straits?
Golf’s biggest hitter has plenty to prove when he goes into battle against the Europeans in Wisconsin this week.
-
NewsSteve Stricker latest US captain trying to contain European talisman Ian Poulter
The Englishman has been given a wild card by captain Padraig Harrington for this week’s contest at Whistling Straits.