Audit to Begin for European Tour


In a meeting conducted Thursday between the European Tour and several of its high-profile players, director Ken Schofield agreed on a financial audit of the tour's accounts and operations.
Due to growing concern of a lack of information as to the nature of the organization's inside finances, the tour buckled and agreed to open the books to accountants. However, those accountants will be contracted independently through the tour itself, not through the players.
'Total access to the accounts is not possible under UK company law,' said Schofield.
Nevertheless, this action represents a reply to a barraging of questions and demands that have been placed on the tour from several players, most notably Jose Maria Olazabal, Nick Faldo, Seve Ballesteros and Bernhard Langer.
'We've listened to Nick and Jose Maria and will incorporate their views into our resolution,' continued Schofield. 'Hopefully we can produce accounts with more clarity in the future.'