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Resource ID: #18700
Subject: Nonprofits
Source: Business Journal (Baltimore, MD)
Date: Nov. 23-29 issue; Nov. 30-Dec. 6 issue



The Baltimore Business Journal reports on the "financial trouble at the State Farm Senior Classic, a PGA Tour-sponsored golf tournament." As the tournament lost its title sponsor, State Farm Insurance, it accumulated $1.15 million in debts, and is now facing demise. Meanwhile, the organizers kept on increasing the prize money, the Journal reports.

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