Eurozone Crisis Hits Tour Prizes Hard

George O'Grady, the Chief Executive of the European Tour, discusses: 

- Primary business model;  

- Updated number of tournaments - total prize money; 

- Contrast with the much richer PGA Tour - issues; 

- Tournament venues - who decides where - when - etc; 

- China - growing presence - WGC Shanghai -- issues - credibility - ranking points; 

- Middle East Unrest - players are reluctant to make the trip - outlook for the game in MidEast; 

- Competing Asian Tours - no sign of resolution soon -- how bad is this getting for the game - co-sanctioning point of view; 

- GFC issues - exodus of top European players to PGA Tour Card - issues; 

- Jetset calendar - downsides - jet lag, amongst other things - issues; 

- The PGA Tour - converted its events to charities - whether / why European Tour considered this avenue; 

- His and PGA Tour head Tim Finchem's reaction to Steve Williams' racist remark against Tiger Woods - reasons; 

- his bet for the winner of the Maybank Malaysian Open 2013.