Leisurecorp

Last updated
Leisurecorp
Company type Investment company (Government-owned)
Industry Sports/Leisure Investments
Founded2006
Headquarters
Dubai
,
United Arab Emirates
Area served
Global
ProductsInvestment
Parent Dubai World
Website www.leisurecorp.com

Leisurecorp, formerly Istithmar Leisure, is a subsidiary of Dubai World, established in 2006, that invests in sports and leisure facilities, with golf being a particular focus. [1]

Contents

Sites

Among the sites owned by Leisurecorp are PGA European Tour venues Pearl Valley Golf Estates in South Africa, [2] [3] and Jumeirah Golf Estates in Dubai. It bought the Turnberry Resort in Scotland in October 2008, which hosted the 2009 Open Championship, [1] [4] and sold it to Donald Trump in April 2014. [5] Leisurecorp also has major shareholdings in Island Global Yachting, Troon Golf, GPS Industries, and Snowmass, Colorado.

History

In November 2007, Leisurecorp agreed a major partnership deal with the PGA European Tour. [6] The highlight of the deal saw the creation of the season ending Dubai World Championship, held annually on the Earth Course at Jumeirah Golf Estates. [7] The US$10 million prize fund makes it the world's richest golf tournament. In addition, the European Tour Order of Merit was rebranded as the Race to Dubai, with an additional US$10 million bonus fund, and the top 60 players qualifying for the season finale.

The PGA European Tour's International Headquarters were also moved to Jumeirah Golf Estates in 2009, [8] and from the 2010 season, the European Tour schedule will open and close at Leisurecorp venues, starting with the South African Open at Pearl Valley and finishing with the Dubai World Championship. There are also plans for the European Open, a regular tour event, to be moved and make Turnberry its permanent home, [9] although there are reports that this could affect the venues place on the Open Championship rota. [10]

Having developed this close relationship with the PGA European Tour, Leisurecorp hopes that in the future, it may be able to stage the Ryder Cup in Dubai. [11]

Related Research Articles

Ben Clifford Curtis is an American professional golfer and four-time winner on the PGA Tour, best known for winning the 2003 Open Championship.

<span class="mw-page-title-main">Colin Montgomerie</span> Scottish professional golfer

Colin Stuart Montgomerie, OBE is a Scottish professional golfer. He has won a record eight European Tour Order of Merit titles, including a streak of seven consecutive from 1993 to 1999. He has won 31 European Tour events, the most of any British player, placing him fourth on the all-time list of golfers with most European Tour victories.

<span class="mw-page-title-main">Sergio García</span> Spanish professional golfer

Sergio García Fernández is a Spanish professional golfer. He turned professional in 1999 and played on the European Tour and PGA Tour prior to joining LIV Golf in 2022. García has won 36 international tournaments as a professional, most notably the 2008 Players Championship and the 2017 Masters Tournament. García was also the Chairman of Spanish football team CF Borriol.

<span class="mw-page-title-main">Lee Westwood</span> English golfer (born 1973)

Lee John Westwood is an English professional golfer. Noted for his consistency, he is one of the few golfers who has won tournaments on five continents – Europe, North America, Asia, Africa and Oceania – including victories on the European Tour and the PGA Tour. He has also won tournaments in four decades, the 1990s, 2000s, 2010s and 2020s. He was named European Tour Golfer of the Year for the 1998, 2000, 2009 and 2020 seasons. He has won the 2000 European Tour Order of Merit, and the renamed 2009 and 2020 Race to Dubai. He has frequently been mentioned as one of the best golfers without a major championship victory, with several near misses including three runner-up finishes.

The European Tour, currently titled as the DP World Tour for sponsorship reasons, and legally the PGA European Tour or the European Tour Group, is the leading men's professional golf tour in Europe. The organisation also operates the European Senior Tour and the developmental Challenge Tour; the second tier of men's professional golf in Europe. The tour's headquarters are at the Wentworth Club in Virginia Water, Surrey, England. The European Tour was established by the British-based Professional Golfers' Association through the 1970s, and responsibility was transferred to an independent PGA European Tour organisation in 1984.

<span class="mw-page-title-main">Turnberry (golf course)</span> Golf resort on the Firth of Clyde in South Ayrshire, southwest Scotland

Trump Turnberry is a golf resort in Turnberry, South Ayrshire, located on the Firth of Clyde in southwest Scotland. It comprises three links golf courses, a golf academy, a five-star James Miller-designed hotel from 1906, along with lodge and cottage accommodations. Turnberry was a popular golf course and resort from its inception, made accessible because of the Maidens and Dunure Light Railway. It closed in both World Wars for military use, and there was concern it would not open following World War II, but it was redesigned by Mackenzie Ross and re-opened in 1951.

<span class="mw-page-title-main">Paul Casey</span> English professional golfer

Paul Alexander Casey is an English golfer who is a member of LIV Golf. He has also played on the US-based PGA Tour and the European Tour. In 2009, he achieved his highest position, third, in the Official World Golf Ranking.

<span class="mw-page-title-main">Henrik Stenson</span> Swedish professional golfer

Henrik Olof Stenson is a Swedish professional golfer.

<span class="mw-page-title-main">Rory McIlroy</span> Northern Irish professional golfer (born 1989)

Rory Daniel McIlroy is a Northern Irish professional golfer who is a member of both the European Tour and the PGA Tour. He is former world number one in the Official World Golf Ranking, and has spent over a hundred weeks in that position during his career. He is the only person to win the FedEx Cup three times, surpassing Tiger Woods' two. He is a four-time major champion, winning the 2011 U.S. Open, 2012 PGA Championship, 2014 Open Championship, and 2014 PGA Championship. Along with Jack Nicklaus and Tiger Woods, he is one of three players to win four majors by age 25.

<span class="mw-page-title-main">Francesco Molinari</span> Italian professional golfer

Francesco Molinari is an Italian professional golfer. He won the 2018 Open Championship, his first and only major victory, and the first major won by an Italian professional golfer. The Open Championship win capped a successful season in which he won the 2018 BMW PGA Championship, his fifth win on the European Tour, and the Quicken Loans National, his first PGA Tour win. At the end of the season, Molinari won 5 out of 5 points as Europe won the 2018 Ryder Cup.

Norman David Wood was a Scottish professional golfer. He won the 1972 Italian Open and played in the 1975 Ryder Cup.

<span class="mw-page-title-main">Edoardo Molinari</span> Italian professional golfer

Edoardo Molinari is an Italian professional golfer who plays on the European Tour, where he is a three-time winner. He was also the 2005 U.S. Amateur champion; 2009 Challenge Tour Rankings leader; winner, with his brother Francesco, of the 2009 World Cup; and a member of the 2010 European Ryder Cup winning team. He has won professional tournaments on four of the six continents on which golf is played: Europe, South America, Africa and Asia. He is a Vice-Captain for the 2023 Ryder Cup in Marco Simone, Italy.

<span class="mw-page-title-main">Oliver Wilson</span> English professional golfer

Oliver John Wilson is an English professional golfer. Wilson was a member of the 2008 Ryder Cup, but had to wait another six years for his first European Tour win, the 2014 Alfred Dunhill Links Championship.

<span class="mw-page-title-main">Ross Fisher</span> English professional golfer (born 1980)

Ross Daniel Fisher is an English professional golfer who plays on the European Tour, where he has won five times, including the 2009 Volvo World Match Play Championship at Finca Cortesin Golf Club in Spain.

<span class="mw-page-title-main">DP World Tour Championship</span> European Tour golf tournament

The DP World Tour Championship is a golf tournament on the European Tour and is the climax of the Race to Dubai. It is contested on the Greg Norman-designed Earth course at the Jumeirah Golf Estates in Dubai, United Arab Emirates. The title sponsor is DP World, based in Dubai.

<span class="mw-page-title-main">Chris Wood (golfer)</span> English professional golfer

Christopher James Wood is an English professional golfer who currently plays on the European Tour. He was the low amateur in the 2008 Open Championship at Royal Birkdale and tied for third in the following year's tournament held at Turnberry.

<span class="mw-page-title-main">2009 Open Championship</span> Golf tournament

The 2009 Open Championship was a men's major golf championship and the 138th Open Championship, held from 16–19 July at the Ailsa Course of the Turnberry Resort, in Ayrshire, Scotland. Stewart Cink won his only major championship after a four-hole playoff with Tom Watson. At age 59, Watson had the chance to win his sixth Open and become the oldest major champion in history during regulation play, but was unable to par the final hole and tied with Cink.

<span class="mw-page-title-main">Danny Willett</span> English professional golfer

Daniel John Willett is an English professional golfer who plays on the European Tour. In April 2016, he won his first major championship at the 2016 Masters Tournament, becoming only the second Englishman to achieve the feat and the first European in 17 years to win at Augusta National.

<span class="mw-page-title-main">Tommy Fleetwood</span> English professional golfer

Thomas Paul Fleetwood is an English professional golfer who plays on the PGA Tour and European Tour. He has won seven times on the European Tour. He won the silver medal at the 2024 Summer Olympics in Paris, France.

Nicolai Højgaard is a Danish professional golfer who currently plays on the PGA Tour and European Tour. In 2021, he and his twin brother, Rasmus, became the first brothers to win in back-to-back weeks on the European Tour. He also was part of the winning European 2023 Ryder Cup team.

References

  1. 1 2 Walsh, Dominic (May 22, 2008). "Turnberry set for makeover after £55m sale". The Times . London. Archived from the original on December 4, 2008. Retrieved 2009-02-17.
  2. ↑ "Leisurecorp buys golf estate in South Africa". Gulf News. June 1, 2007. Archived from the original on July 8, 2012. Retrieved 2009-02-17.
  3. ↑ "Dubai's Leisurecorp announces purchase of Pearl Valley Signature Golf Estate and Spa in South Africa". AME Info. June 3, 2007. Retrieved 2009-02-15.
  4. ↑ "Leisurecorp finalises Turnberry deal". AME Info. November 1, 2008. Retrieved 2009-02-15.
  5. ↑ "Donald Trump confirms Turnberry buy". BBC News. 2014-04-30. Retrieved 2020-04-29.
  6. ↑ "The European Tour Lands in Dubai". PGA European Tour. Nov 19, 2007. Retrieved 2009-02-17.
  7. ↑ "Leisurecorp Unveils 'Most Challenging Mile' in Golf at Showpiece Course 'Earth'". Khaleej Times. Jan 28, 2009. Archived from the original on September 16, 2012. Retrieved 2009-02-17.
  8. ↑ "The European Tour International Headquarters". PGA European Tour. Nov 19, 2007. Archived from the original on October 6, 2009. Retrieved 2009-02-17.
  9. ↑ "European Open on course for Turnberry". The Scotsman. October 7, 2008. Retrieved 2009-02-17.
  10. ↑ "Open threat to Turnberry owners". The Scotsman. November 4, 2008. Retrieved 2009-02-17.
  11. ↑ Reason, Mark (Jan 29, 2009). "Ryder Cup Could be hosted in the Middle East". London: The Daily Telegraph . Retrieved 2009-02-17.



This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.