▁gr ants ▁to ▁all ▁Masters ▁champions ). ▁ ▁From ▁ 2 0 0 7 ▁until ▁his ▁death , ▁Pal mer ▁served ▁as ▁an ▁honor ary ▁st arter ▁for ▁the ▁Masters . ▁He ▁retired ▁from ▁tournament ▁golf ▁on ▁October ▁ 1 3 , ▁ 2 0 0 6 , ▁when ▁he ▁with d rew ▁from ▁the ▁Champions ▁T ours ' ▁Admin ista ff ▁Small ▁Business ▁Classic ▁after ▁four ▁holes ▁due ▁to ▁diss atisf action ▁with ▁his ▁own ▁play . ▁He ▁played ▁the ▁remaining ▁holes ▁but ▁did ▁not ▁keep ▁score . ▁ ▁G olf ▁business es ▁Pal mer ▁had ▁a ▁diverse ▁golf - related ▁business ▁career , ▁including ▁ow ning ▁the ▁Bay ▁Hill ▁Club ▁and ▁L odge ▁in ▁Or lando , ▁Florida , ▁which ▁is ▁the ▁ven ue ▁for ▁the ▁P GA ▁Tour ' s ▁Arnold ▁Pal mer ▁Inv it ational ▁( ren amed ▁from ▁the ▁Bay ▁Hill ▁Inv it ational ▁in ▁ 2 0 0 7 ), ▁helping ▁to ▁found ▁The ▁G olf ▁Channel , ▁and ▁negoti ating ▁the ▁deal ▁to ▁build ▁the ▁first ▁golf ▁course ▁in ▁the ▁People ' s ▁Republic ▁of ▁China . ▁This ▁led ▁to ▁the ▁formation ▁of ▁Pal mer ▁Cour se ▁Design ▁in ▁ 1 9 7 2 , ▁which ▁was ▁renamed ▁Arnold ▁Pal mer ▁Design ▁Company ▁when ▁the ▁company ▁moved ▁to ▁Or lando , ▁Florida , ▁in ▁ 2 0 0 6 . ▁Pal mer ' s ▁design ▁partner ▁was ▁Ed ▁Se ay . ▁ ▁Pal mer ▁designed ▁more ▁than ▁ 3 0 0 ▁golf ▁courses ▁in ▁ 3