The late May tournament could be in danger. Caddy blogger Larry writes-
This is not a good sign: The down turn in the economy may be hitting our sponsor pretty hard. Rumor has it there was a meeting earlier this week concerning the Ginn Tribute to be held in Charleston. To cut costs, Ginn offered to forfeit the purse money and forego the event but was convinced otherwise. In gambler lingo, they were "pot committed" so it made sense not to cancel.Ginn Resorts began sponsoring LPGA events in 2006, the Ginn Open in Orlando being the first, then the Ginn Tribute beginning last year. I agree with Larry, that this rumor(if true) isn't a good sign. Two LPGA events could be hanging in the balance, and as Hound Dog wrote last month, there are almost ten other events in various forms of danger.
Also, another piece of the puzzle that is difficult to comprehend is Ginn's willingness to move the Orlando event to major status if things don't fall into place once McDonald's departs the scene. Somehow this doesn't make much sense. We'll see what shakes out after a little time passes.
What makes this worse, is the Ginn Tribute took away the dates of a long-time LPGA tournament, The Shoprite Classic. Shoprite, not liking the new dates being offered them after the LPGA gave them away to the Ginn, ended its 15 year sponsorship of the Atlantic City tour stop. I thought the LPGA, namely Commissioner Carolyn Bivens, handled this terribly at the time. If Ginn does pull out, my concerns of 2006 look to be coming to roost. Ladies Professional golf in the USA could be in serious trouble.
Note- Yes what Larry is reporting is just rumors, but this article makes a brief mention of Ginn Resorts having financial troubles.