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Ginn Resorts in deep crap, ends PGA & LPGA tourneys

Discussion in 'Sports and News' started by 2muchcoffeeman, Jan 28, 2009.

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  1. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    http://news.yahoo.com/s/ap/20090129/ap_on_sp_go_ne/glf_ginn_sponsorship_ends_5

    The sports news:

    The rest of the bad news:

    So maybe somebody on a business or golf beat can answer this question: How much trouble is Ginn in?
     
    2muchcoffeeman, Jan 28, 2009
    #1
  2. playthrough

    playthrough Moderator Staff Member

    Between golf and NASCAR, Ginn sure came in with a bang but went out with a whimper. And fast.
     
    playthrough, Jan 28, 2009
    #2
  3. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    Looking back, Ginn Motorsports was probably that company's high point.
     
    2muchcoffeeman, Jan 28, 2009
    #3
  4. wicked

    wicked Well-Known Member

    How much money did Bobby dump into the race team?
     
    wicked, Jan 28, 2009
    #4
  5. Bob Cook

    Bob Cook Active Member

    The company is in deep shit, with multiple threats of foreclosures, lawsuits and banks calling back loans to be paid in full this very moment. The company probably doesn't last the year.
     
    Bob Cook, Jan 28, 2009
    #5
  6. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    Given that ...

    ... the correct answer is probably "too much."
     
    2muchcoffeeman, Jan 28, 2009
    #6
  7. wicked

    wicked Well-Known Member

    Well, yeah. I kinda figured that.

    When I saw he was unloading his team as quick as he did, I figured something had to be up.
     
    wicked, Jan 28, 2009
    #7
  8. Mark2010

    Mark2010 Active Member

    I suspect the end of the corporate sponsor gravy train, for all sports, is near.
     
    Mark2010, Jan 28, 2009
    #8
  9. Batman

    Batman Well-Known Member

    So do teams get wise to this and start catering to the average fan again? And is it too late to get them back, given the way many teams have continually flipped them the middle finger for the last 20 years?
     
    Batman, Jan 29, 2009
    #9
  10. poindexter

    poindexter Well-Known Member

    Did somebody say Cristie Kerr?

    [​IMG]
     
    poindexter, Jan 29, 2009
    #10
  11. cranberry

    cranberry Well-Known Member

    Doesn't surprise me. I played in a charity tournament earlier this month at the Ginn Reunion and I'd guess there was about 30 percent occupancy in the homes and condos surrounding the courses. If anyone wants a great deal on a golf course condo in the Orlando area -- and these are beautiful places -- I'm sure they can do pretty well there.
     
    cranberry, Jan 29, 2009
    #11
  12. Double J

    Double J Active Member

    That picture never gets old. :)
     
    Double J, Jan 29, 2009
    #12
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