The credit crunch has finally caught up with British golf after it was announced that the English Open golf championship has been postponed for at least two years after developers at the host Cornish course ran into financial difficulties.
After a 14 year absence the event was set to return to the European Tour in 2009 at St Mellion near Plymouth in Devon. The club’s owners have blamed the credit crunch for their impact on cash flows and ultimately the inevitable delay.
An estimated 40,000 spectators were expected, with millions watching it on television. However with the new two year target Crown Golf have backed their commitment to The European Tour to host The English Open from 2011.