Former European Ryder Cup skipper Paul McGinley has issued a stark caution to golf’s two main tours, underlining that they might be on the brink of financial ruin if they don’t curb the current trend of rapidly increasing prize money.
This comes in response to the colossal stakes pumped into the sport since LIV Golf, buoyed by the deep pockets of Saudi Arabia’s Public Investment Fund (PIF), burst onto the scene two years back.
To stave off LIV Golf’s charm, both the PGA Tour and DP World Tour have escalated their prize funds to keep their star players from jumping ship. McGinley views this surge as a precarious gambit that may pose dire consequences down the line.
As he spoke to Irish Golfer Magazine, he said: “The world’s two main tours…
