Players strike out for an independent audit.
Board members of the PGA European Tour, the golf tournament body, are due to meet today to discuss unrest from leading pro players, who want to carry out an independent audit of the Tour’s books.
Senior players, including Nick Faldo, Seve Ballesteros and Jose Maria Olazabal are looking to find out how efficiently the Tour is being run, amid a feeling they are being left in the dark.
The meeting follows the completion of this year’s PGA order of merit, won by Lee Westwood – pictured above – after finishing runner-up at the American Express Championship in Spain last weekend.
However, a PGA spokesman told Accountancy Age the Tour’s books – which are audited by Grant Thornton – had always been made available to the public and that the players had not yet confirmed which firm would carry out the independent audit.
He added: ‘We responded positively to the players’ request by seeking not only the identity of the independent auditor but also a suitable date for a meeting. We categorically deny we gave any indication that we would deny reasonable access to the books’.
A Grant Thornton spokesman said: ‘The issues raised concerning the PGA European Tour are a matter for our clients and its members to discuss.’