The event, which was dramatically postponed in 2001 following the September 11 terrorist attacks, has historically been a 50-50 venture between the European Tour and the PGA.
But, according to media reports, Ken Scholfield (pictured), the executive director of the European Tour threatened to withdraw his players or start another, similar event with a different name unless the European Tour got complete control of the event. The PGA, meanwhile, threatened to scrap the cup completely.
But yesterday, the two parties seemed to have come up with a solution, albeit a little one-sided in the European Tour's favour. The PGA will outline the new arrangements today which will see the PGA receiving a licence fee that will be determined by the Tour while the Tour will receive all the money that is generated by the competition.
