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Tourney behind on bills; PGA even lost big since ' 98

Number 18700
Subject Nonprofits
Source Business Journal (Baltimore, MD)
State MD
Year 2001
Publication Date Nov. 23-29 issue; Nov. 30-Dec. 6 issue
Summary The Baltimore Business Journal reports on the "financial trouble at the State Farm Senior Classic, a PGA Tour-sponsored golf tournament." As the tournament lost its title sponsor, State Farm Insurance, it accumulated $1.15 million in debts, and is now facing demise. Meanwhile, the organizers kept on increasing the prize money, the Journal reports.
Category Contest Entry
Pages 7
Keywords FOI request;990 form;IRS;sports;debts;creditors;business
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