Ginn Resorts has announced it will end all golf sponsorships immediately, spelling doom to two tournaments this year – one on the LPGA Tour and one on the Champions Tour.
From the article:
“Ginn still had three years remaining on its title sponsorship contract with the Champions Tour. PGA Tour spokesman Ty Votaw, who learned of the decision from a press release, said the tour had been willing to work with Ginn during the economic crisis.
“We were surprised to read this announcement and disappointed in it given the fact we have an existing agreement with Ginn, and we were in discussions with them on possible modifications to that agreement,” Votaw said. “We received no indication than an announcement like this was in the works.”
Votaw declined to elaborate on what modifications the tour had in mind, or whether Ginn owed the tour money for leaving the contract before it expired in 2011.
LPGA officials were in a meeting Wednesday and did not immediately respond to phone calls seeking comment.”
The rest of the AP article is here. The LPGA will be a place of great upheaval this year, which is a shame, but there is not a lot of confidence in Carolyn Bivens in the industry.
