{"id":425363,"date":"2026-04-30T15:18:08","date_gmt":"2026-04-30T15:18:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/425363\/"},"modified":"2026-04-30T15:18:08","modified_gmt":"2026-04-30T15:18:08","slug":"paul-mcginley-not-surprised-by-liv-golf-financial-woes-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/425363\/","title":{"rendered":"Paul McGinley not surprised by LIV Golf financial woes \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">\u201cThe whole thing never made commercial sense to me,\u201d remarks Paul McGinley in getting straight to the point of the unravelling of LIV Golf\u2019s business model.<\/p>\n<p class=\"c-paragraph paywall \">His comments come after confirmation the upstart league\u2019s financial backers \u2013 Saudi Arabia\u2019s Public Investment Fund (PIF) \u2013 have decided to <a href=\"https:\/\/www.irishtimes.com\/sport\/golf\/2026\/04\/30\/liv-golf-in-race-against-time-for-investment-with-saudi-funding-to-dry-up\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/sport\/golf\/2026\/04\/30\/liv-golf-in-race-against-time-for-investment-with-saudi-funding-to-dry-up\/\">walk away from the venture at the end of the season<\/a>.<\/p>\n<p class=\"c-paragraph paywall \">Rather appropriately, McGinley is seated in a plush leather armchair beneath an ornate ceiling in the Gold Room at Carton House \u2013 the Maynooth resort where the OFX Irish Legends tournament will take place in the summer \u2013 as his business brain accesses the paths various LIV players will take in light of the revelations.<\/p>\n<p class=\"c-paragraph paywall \">McGinley \u2013 who also has degrees in marketing and business \u2013 wonders how the LIV experiment managed to survive so long, having launched in 2022 and costing the Saudis an estimated $5 billion.<\/p>\n<p class=\"c-paragraph paywall \">\u201cI\u2019ve been on the hamster wheel of golf,\u201d says McGinley. \u201cFrom being a player, a Ryder Cup player, a Ryder Cup captain, to being on the board for six years while LIV was being launched. Now I\u2019m on the Ryder Cup advisory board and also in the media, so I can see it from all different angles.<\/p>\n<p class=\"c-paragraph paywall \">\u201cFrom day one the bit that I know about golf and the commercial side of golf, is the business model never made any sense. Because everything has to be sustainable.\u201d<\/p>\n<p class=\"c-paragraph paywall \">LIV\u2019s arrival on the professional scene \u2013 with Jon Rahm, Bryson DeChambeau and Phil Mickelson among those to fill their wheelbarrows with greenbacks \u2013 also impacted the PGA Tour and the DP World Tour. This week\u2019s Cadillac Championship, a $20 million signature event on the PGA Tour, is a case in point on how the landscape of the sport changed and money talked.<\/p>\n<p class=\"c-paragraph paywall \">\u201cIt has left the game, in my view, in a very difficult and potentially unsustainable place. The overheads and prize funds now are so huge because of LIV that the tours are under pressure. Everybody else loses, except the players.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThe tours lose, they\u2019ve got massive overheads. The public lose, because they\u2019re seeing a diluted product on TV, and are having to pay a lot more money to go to events now. The sponsors lose because they\u2019re having to spend a lot more money to sponsor the same events. The media companies lose because TV numbers are not huge. So, tell me anybody who\u2019s winning except the players here.\u201d<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"A Mexican Catrina in front of a poster featuring LIV golfers ahead of LIV Golf Mexico City at Club de Golf Chapultepec earlier this month. Photograph: Hector Vivas\/Getty Images\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/04\/BX5GGFL3S4RGOHG335JHADZ6KE.jpg\"   width=\"800\" height=\"533\"\/>A Mexican Catrina in front of a poster featuring LIV golfers ahead of LIV Golf Mexico City at Club de Golf Chapultepec earlier this month. Photograph: Hector Vivas\/Getty Images <\/p>\n<p class=\"c-paragraph paywall \">With this season set to be the last for LIV \u2013 at least under the PIF funding model \u2013 there will need to be another reset for men\u2019s professional golf. The PGA Tour and DP World Tour will have to consider a route back for players who defected in addition to assessing their own models for the future.<\/p>\n<p class=\"c-paragraph paywall \">As McGinley puts it: \u201cThe legacy that LIV will have left professional golf is not a positive one for the administration. The tours are not in a better place because of LIV. The players are in a better place, they\u2019re a lot more financially lucrative than they were, but the tours are not in a better place.<\/p>\n<p class=\"c-paragraph paywall \">\u201cIt will be interesting to see how they\u2019re going to reset themselves. Does it mean a smaller tour? Does it mean less events? Does it mean less prize money? I don\u2019t know, but something will have to give in order to bring it back to levels of sustainability, [because] at the moment it\u2019s creaking to pay the bills on.\u201d<\/p>\n<p class=\"c-paragraph paywall \">One thing McGinley believes is certain is that Rahm &amp; Co will find a way back, the way already set by Patrick Reed and Brooks Koepka, although a level of fairness must be achieved as part of any such returns.<\/p>\n<p class=\"c-paragraph paywall \">\u201cIf there\u2019s going to be pathways, how\u2019s that going to be? Will the DP World Tour benefit, will it not? What happens to players who remained loyal? All the players who went to LIV, their spots have been filled. You\u2019ve got to be fair to those guys who stayed.<\/p>\n<p class=\"c-paragraph paywall \">\u201cBut the guys who went to LIV win as well. They\u2019re coming back with tens and sometimes hundreds of millions of dollars in their back pocket, so it\u2019s hard to feel sorry for them.\u201d<\/p>\n<p class=\"c-paragraph paywall \">*McGinley was speaking at the launch of the OFX Irish Legends tournament \u2013 part of the Staysure Legends Tour \u2013 which takes place at Carton House, Co Kildare on July 10th-12th<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe whole thing never made commercial sense to me,\u201d remarks Paul McGinley in getting straight to the point&hellip;\n","protected":false},"author":2,"featured_media":425364,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,60,123010,39067,112],"class_list":["post-425363","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-ie","tag-ireland","tag-liv-golf-invitational-series","tag-paul-mcginley","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/425363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=425363"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/425363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/425364"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=425363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=425363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=425363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}