Below is from an email I received . . .
"I was asked to be on film with Bryant Gumbel of HBOs Real Sports to talk about the golf industry. They said they would provide a balanced perspective.
When we went to filming, I did my best when possible to provide a positive spin to the questions. I talked about golf being a $70B industry that employs, 2M workers and gives more to charity than all other sports combined. I also talked about golf burning 1300 calories riding in a cart and 2000 walking. When I told Gumbel most golf was played on public courses at an average of only $28/round, it seemed to stun him. (Gumbel told me he is hooked on golf and absolutely loves it.) I also explained that we predicted golf’s turn-around from an investment stand point in 2012 semi- annual Golf & Resort Investment Report (2013 Year End Wrap-up attached), which was picked up in major publications like Bloomberg, NY Times, Business Week and others. The median price of golf after seven down years, was up 11% in 2013. I then explained why I am bullish about golf’s future.
All that being said, I have no idea what will be left on the cutting room floor from our six hours of filming. We are just hoping some of golf’s great positive qualities will be seen. Everyone is aware of the fact that golf has had some tough times. However, as an outspoken proponent of golf’s bright future, I believe that there is not enough positive press associated with the future Golf & Resort Investment Report.
of golf.
If you would like more information on golf ‘s turn around you can click on the link below to our If you did not see our New Investor’s Sentiment Survey which indicates that golf investors have a decidedly positive outlook on golf’s future for the first time in years, the link to that Survey is above.
Below is HBO Real Sports promo piece from the HBO website:
The Future of Golf Producer: Nick Dolin
During the late 1990s and early 2000s, the golf industry saw its popularity soar and business boom. Thanks in part to superstar Tiger Woods, young and old alike were drawn to the sport like never before, as evidenced by strong TV ratings, raucous crowds, a retail explosion, and most of all, a massive building boom that saw roughly 5,000 golf courses built over nearly two decades.
Most observers and industry executives agree that the bubble has officially burst, and the golf business is slowly dying. Over the last eight years, participation is down 20% nationwide and more courses have closed than opened in the U.S. annually. Industry leaders believe drastic measures are needed to ensure the future of the sport. Among the proposals are a 15-inch cup, versus the traditional four and one-quarter-inch hole, an entertaining driving range game called Top Golf, and Foot Golf, which is golf played on a regular course, but with a soccer ball. Host Bryant Gumbel speaks with industry leaders, including Jack Nicklaus, the most decorated golfer of all time, about the state of the sport and what needs to be done quickly to save it."
Best Regards,
My Image
Steven M. Ekovich
National Managing Director
Vice President Investments
National Golf & Resort Properties Group