Sunday 19 July 2009

Cash crisis means golf's first Dubai World Championship could also be its last

The war of words between Sandy Lyle and Colin Montgomerie has failed to stop a much more serious issue also being the talk of Turnberry — golf’s financial crisis.

Despite denials from European Tour chief executive George O’Grady, whispers continue that this year’s Race to Dubai, culminating in the $10million Dubai World Championship, will be the first and last.

Tour sponsor Leisurecorp, who signed a five-year $150m deal in November 2007, suffered so much in the global financial crisis that the Dubai government placed them under the control of state company Nakheel in May.




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