Paul McGinley raises 'bankruptcy' concerns as issues persist around LIV Golf and PGA Tour Former European Ryder Cup captain Paul McGinley has sounded the alarm for golf's leading tours, cautioning that they could face bankruptcy if the current financial escalation persists.
Meanwhile, the PGA Tour has secured a massive investment from the Strategic Sports Group, who have agreed to inject £2.4 billion into PGA Tour Enterprises, amidst the staggering sums funneled into the LIV circuit.
To counter LIV Golf's allure, both the PGA Tour and DP World Tour have upped their payouts to retain players.
"The player power pushing the enormous prize funds, as well as being paid through PIP and SSG money with the implied threat that they go to LIV if it's not provided, has the PGA Tour on the ropes.
The sport's prize money has soared since LIV Golf, supported by Saudi Arabia's Public Investment Fund (PIF), entered the scene two years ago.
