Looks like the down economy has struck the golf world yet again.

This time, the British Masters has been dropped from this years European Tour after they were unable to secure a new title sponsor.  Quinn Insurance’s sponsorship ran out and no replacement could be found for the tournament.

The PGA and LPGA tours are not immune to the effects of reduced corporate spending.  U.S. Bank has dropped its sponsorship of the tour stop in Milwaukee, putting that tournament in serious jeopardy.  The LPGA has already begun lobbying hard for Anheuser-Busch to renew it’s deal with the Michelob Ultra Open at Kingsmill.  The most current tournament at Kingsmill ended Sunday.