Wimbledon hopefuls put through their paces at Stoke Park
News of the cancellation of September’s Ladies’ European Masters in Germany prompted speculation that LET is facing a financial crisis.
A report in the Times newspaper on Friday claimed the Tour lost £1 mil- lion in 2014 and 2015 with cash reserves sliding from £1.05m in 2013 to just £72,000 at the end of December.
A statement released by the LET said: “The LET strongly rejects the recent negative speculation in the press about its future.
“The tour has made significant investments over the last few years to raise its brand profile and television footprint, which [have] already led to the introduction of a number of new tournaments.
“As with any international organisation, the LET is always subject to political and commercial disruption around the world and it deeply re- grets that a number of unrelated events have led to tournaments in the first half of this year’s schedule not coming to fruition as planned. We fully understand the frustrations that our members have with the tournament cancellations and are doing everything we can to improve the situation.”
When asked to outline the separate ‘unrelated events’ that led to the cancellation of the Masters – as well as the Buick Championship in Shanghai, the Czech Open, the Turkish Ladies Open and a southern European event pencilled in to be staged in Italy – LET refused to comment and re- ferred the Bucks Advertiser to its earlier statement.
A tour official refused to confirm the £72,000 figure for the organisation’s reserves in December and to say how much it has in assets. The official refused to explain why players have reportedly been advised not to book travel for the Qatar Ladies Open in November, although the blockade of the Gulf state by its neighbours for allegedly financing terrorism may be a factor.
The Advertiser tried to contact Dimmock but she was unavailable for comment on the tour’s reported travails at the time of going to press.