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GOLF INC. 2013 Most Powerful People in Asia FALL 2013 Quarterly Most Powerful People in Golf Tim Finchem moves to the top of our annual ranking of the world’s power brokers based on the financial performance of the PGA Tour. Plus, Ken and Tenniel Chu top our inaugural ranking of the most powerful in Asia. 001_coverFall13.indd 1 9/25/13 4:33 PM Fall 2013 Volume No. 22 Issue No. 4 FEATURES STAFF 25 MOST POWERFUL PEOPLE ARR B C Editorial Team IN GOLF RO Jack Crittenden / Editor-in-Chief Tim Finchem, PGA Tour commissioner, has OTO 858-810-7092 P PH taken the tour to new heights and climbs to A [email protected] No. 1 in our annual ranking. Robert Vasilak, Senior Editor Trevor Ledger, Editor-at-Large, Europe James Prusa, Editor-at-Large, Asia 34 MOST POWERFUL PEOPLE Mike Stetz, Managing Editor Michelle Weyenberg, Contributing Editor in ASIA Michael Liechty, Proofreader Asia is golf’s new frontier, and some heavy Shannon Harrington, Art Director hitters are emerging. For the first time, Golf Richard Steadham, Designer Inc. identifies them. Phillip Haut, Ad Production Publishing Team Katina Cavagnaro, Publisher nEWS & TRENDS Mindy Palmer, Marketing & Sales Consultant Elizabeth Callahan, Director of Audience Development 4 Publisher’s Column 17 Wendy Ullman, Director of Marketing & Promotion Trish Newberry, Office Manager 5 Front 9: Chip shots from the Golf World New Subscriptions: Contact subscriber services by emailing [email protected]. 7 Back 9: People on the move Complimentary Subscriptions: 10 The Operators: Hinton, Affiniti join Golf Inc. provides a complimentary digital subscription forces to create new company to the top decision-maker at golf courses, golf course management companies, development firms, and to advisers, consultants, architects, engineers, planners, 13 Technology: Point-of-sale software investors and financiers. 22 helping courses market effectively If you match any of these criteria, please email [email protected]. 18 Transactions: Tough time for Change of Address: Silverstein with loss of two courses Please send your inquiry to [email protected]. 20 Trend: Growing golf in Europe Reprints: Please call Foster Printing Service at 1-866-879-9144 22 Trend: Hanse’s next masterpiece Golf Inc. magazine (USPS 009-747, ISSN 1074- 40 Trend: American leads Asian 9276) is published quarterly by Cypress Magazines association Inc., 7670 Opportunity Road, Suite 105, San 42 Diego, CA 92111. Periodical postage paid at San Diego, CA, and at additional mailing offices. Entire 42 Turnaround: Muni courses spend contents copyright 2013 Cypress Magazines Inc. All rights reserved. Material in this publication may money to make money in Dallas not be reproduced without written permission from the publisher. Golf Inc. grants permission only for educational purposes. Golf Inc. is a trademark of COMMENTARY Cypress Magazines, Inc. POSTMASTER: Send address changes to 16 Lucas and Keegan: Predicting Golf Inc. at 7670 Opportunity Road, Suite 105 strategic potential of golf courses? San Diego, CA 92111 Fall 2013 www.GolfIncMagazine.com 3 002-3TOC.indd 3 9/25/13 2:59 PM Most Powerful Asia Their names are not as well known on the international stage, but their power is nonetheless impressive. Look for these 15 power brokers to impact the golf industry the most during the next few years. GOLF’S GROWTH IN ASIA HAS with multiple governing bodies of golf in MEANT greater prominence for its key China, Asia and throughout the world. players and power brokers. But who are the Tenniel is also the first Chinese member businesspeople behind the game’s ascent? of the Royal and Ancient Golf Club of St In a continent where connections and Andrews. Both brothers have also been relationships rule, power is often wielded active in encouraging golf tourism in Asia. behind the scenes. It’s more “who you know” than “what you have done.” And Arihiro Kanda while that may seem odd to westerners, Chairman, it means that those with influence and Pacific Golf power can get far more done and in large 2 Management and impressive ways. 1 2012 Ranking: 29 Take, for example, David Chu. The Japan late father of Ken and Tenniel, he built a Ken and Tenniel Chu business empire through connections and Chairman, Vice Chairman, Arihiro Kanda heads the largest golf wise investments. When the time came, he Mission Hills Group course management and ownership group had the power to build the world’s largest 2012 Ranking: 22 in Asia, and the second largest in the golf resort: Mission Hills Shenzhen, in China world, with 153 18-hole facilities, of which China, with 11 courses. He then did it 121 are owned. Lone Star private equity again, building 10 courses at Mission Hills The Chu brothers took over the family fund set up Pacific Haikou. business from their father when he passed Golf Management with Chu passed away in 2011 at the age of away in 2011. And less than 24 months former American Golf 61, leaving his golf empire in the hands later, they have shown they have the executives, and Pacific of his two sons, Ken and Tenniel. The moxie to run the behemoth company. Golf Management then brothers top our inaugural list of the Most Ken leads an organization that includes went public in 2005. Powerful People in Asia. the ownership and management of 24 Kanda, now 50, is a To determine our list, we looked at golf courses and four resorts in Southern former star performer every country in Asia and asked this China. Two courses opened in 2013 and for Goldman Sachs, question: Who has the power to advance some 3 million people visited the resorts. who was with rival Accordia Golf before the industry into the future? Most of the Their conglomerate operations reach joining Pacific Golf Management. Kanda 15 on our list are not operators, per se, or outside of golf, into spas, resorts, hotels, attempted to take over Accordia last year even developers. Instead, they are leaders shopping malls, entertainment, dining and through a leveraged buyout, and most who are well connected, well educated and business centers, and they are extremely expect him to try again. For now, he is poised to increase the business in their influential in promoting professional tour building strategic alliances with many home countries, if not the entire region. events along with world golf competitions golf organizations in Japan, including the Our list includes three Japanese, two for amateurs, professionals and kids. They JLPGA and the JGTO. Chinese, two Koreans, and one person from staged 506 amateur events in 2013. each of the following countries: Indonesia, The Chus’ leadership is now looking Kim Young Je Singapore, Thailand, Philippines, India and beyond the borders of China and reaching President, Vietnam. Brian Curley, an American, and out to all of Asia. Tenniel serves as the SKY72 Resorts Paul Burley, a Brit now living in Singapore, secretary general of the OneAsia Tour, 3 Korea also made the list. and this brings him and the Mission Kim Young Je has many titles: —The Editors Hills Group into a key role in dealing entrepreneurial leader, golf journalist 34 Golf Inc. Fall 2013 powerful.indd 34 9/25/13 4:22 PM and golf course owner. It all adds up to Wang Jun helped found two of and broadcaster for the considerable influence for the Korean China’s biggest leviathans: the state-run Hong Kong Commer- throughout the golf industry in Asia. investment conglomerate Citic Group cial Broadcasting Co. The brains and energy behind SKY72, he Corp and the China Poly Group Corp. In 1971 he became the has been a business trendsetter. SKY72 is (military weapons and oil exploration). communications man- perhaps the busiest golf complex on the He and a brother are developing a ager for IBM World planet, logging a mind-boggling 500,000 massive resort area including golf courses Trade Corp. covering Sebastian rounds a year at five courses. It also has a in Nanniwan, near to where his father Singapore, Malaysia, mega-learning center and a new boutique once saved Mao’s army. In a country Indonesia and Brunei. hotel. And with greens fees that exceed where relationships and connections In 1976 he took over as regional manager Pebble Beach, it may also be the most speak volumes, Wang Jun has a lot of say for Time Magazine in Southeast Asia until profitable complex in the world. It is one in what gets built and where. forming his own marketing and promo- of only a handful of daily-fee public golf tions company in 1981. He then retired in Je facilities in Asia. Jimmy Masrin 2000. Even with day (and night) golf running President and CEO, However, Sebastian came out of with foursomes on seven-minute intervals PT Caturkarsa retirement in 2006 to start Asia Pacific throughout the year (even when snow 5 Megatunggal Golf Group, which has grown to be falls), Kim demands and supports world- Indonesia the powerful publisher of Asian Golf class conditioning and service. He has set Monthly magazine and Asian Golf a new standard for golf course utilization Jimmy Masrin, president and CEO of Business online magazine along with and service management, and has even his family’s business, PT Caturkarsa producing Asian Golf TV. In 2007 he developed a highly technical grasp of turf Megatunggal, is “the man” in Indonesia created the Asia Pacific Golf Summit, and grass management that would be the envy when it comes to golf. A diversified holding it since has become the most influential of most superintendents. company, Caturkarsa Megatunggal is gathering of golf business executives in Graduating from University of Seoul engaged in petrochemicals, mining and Asia and an annual networking event with a degree in public administration, he logistics, with holdings in Southeast that has attracted the biggest names in joined ACE, the Korean club membership Asia.
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