The closing of the assets purchase agreement that would shift Golf Town to Fairfax Financial Holdings Limited and CI Investments Inc., was expected to take place without much muss or fuss on Monday, but the scary part may not be what happens on Halloween. That could come in the days and weeks afterwards as it looks to bring remaining Golf Town outlets back to speed with fresh inventory. The mood of the industry is understandably quite frightening, given the over $140-million total debt and over $45-million owed to total unsecured creditors from Golf Town’s previous era under OMERS, in which several toxic relationships had already developed. Who you gonna call? New chairman Bill Gregson and president Chad McKinnon can’t be expecting to just open their bags and have suppliers throw goodies in … GNN will keep you posted as developments with Golf Town and Golfsmith in the U.S. become official
… Graham DeLaet, Adam Hadwin, David Hearn, Mackenzie Hughes and Nick Taylor are in the field for this week’s Shiners Hospitals for Children Open in Las Vegas. Brad Fritsch started the week as an alternate … Also in the field this week is Marty Jertson, who also serves as senior design engineer for PING at its headquarters in Phoenix … Rod Spittle tied for 38th and Stephen Ames tied for 51st at PGA Tour Champions’ PowerShares QQQ Championship, the first event of the Charles Schwab Cup playoffs, which moves to Richmond, Va., this week for the Dominion Charity Classic. The field this week will include the top 54 from the season-long Charles Schwab points/money list. Ames is currently 39th, while Spittle is 49th. The final will be played next week at the Charles Schwab Cup Championship at Desert Mountain Cup in Scottsdale, Az. That will feature the top 36 players …Brooke Henderson, who has been a workhorse this year with 29 LPGA Tour events so far, is taking a week off and won’t be in the field at this week’s Toto Japan Classic, the final stop on the tour’s Asian swing, but she will return for the Lorena Ochoa Invitational in Mexico City the following week and the season-ending CME Group Tour Championship in Naples, Fla., Nov, 17-20 … Henderson fell one spot in this week’s world rankings to sixth place after her tie for 63rd at the Sime Darby LPGA Malaysia on Sunday … Alena Sharp has shut it down for the season and is on her way home after a season in which she rose as high as 55th on the world rankings. She’s currently 72nd … Sharp has had a rather busy schedule herself, playing in 27 LPGA Tour events this year … Maude-Aimee Leblanc began the week in Japan as an alternate … Last week’s GNN Poll asked readers how they would describe the mood of the golf industry in their particular regions going into 2007 and the results indicate people may be guarded, but not pessimistic as 43 per cent said proceed with caution is the best way to describe it, while only nine per cent said everyone wants to hide under the bed. Another 25 per cent said the mood was no worse or no better than most years and 23 per cent said most were optimistic going into 2017 … This week’s poll asks readers if they see in the foreseeable future government-mandated gender quota being put in place that will affect staffing where they work. As of this writing, 60 per cent of respondents said no, with 40 per cent saying yes. You can cast your vote on the GNN home page.