DP World Tour Bankrupt Rumours 'Absolutely Not True' - Paul McGinley

The Irishman hailed the DP World Tour's strategic alliance with the PGA Tour as a "phenomenal deal"

Paul McGinley hits a golf shot
(Image credit: Getty Images)

Paul McGinley has called DP World Tour bankruptcy rumours "absolutely not true" and hailed the strategic alliance with the PGA Tour as a "phenomenal deal" in an interview with the Irish Independent (opens in new tab).

The old world circuit was certainly more impacted by the Covid-19 pandemic compared to its US counterpart, with the then-European Tour having to deal with hosting tournaments all across the continent as opposed to just the United States. The tour then faced the difficult decision of partnering with the PGA Tour or LIV Golf, prompting rumours of financial struggles before it ultimately chose to align closer with the PGA Tour.

As part of the deal, the top ten DP World Tour players will now gain PGA Tour cards and the Scottish Open has been co-sanctioned. There are also guaranteed prize money increases for the DP World Tour and there is more set to come with the 2024 schedule, which is when the real benefits of the deal could begin to show.

The deal has been seen as controversial, with some describing the DP World Tour now as a "feeder" to the PGA Tour, claims CEO Keith Pelley categorically denied. DP World Tour board member and Europe's 2014 winning Ryder Cup captain Paul McGinley thinks it has been "phenomenal".

"Relations have never been better between the two tours," McGinley told the Irish Independent's Brian Keogh (opens in new tab). "They are working very collaboratively together. We've just announced record prize funds and so has the American tour.

"I know everybody doesn't want to believe me and everyone wants to believe the rumours that we're bankrupt and we were saved by the Americans and all that bulls***. That's absolutely not true.

"We've now hitched our wagon to the PGA Tour, and it provides long-term security for every player on the DP World Tour going forward. It's a phenomenal deal we've done with the PGA Tour.

"And it's the path of least resistance in terms of risk. So it's a great opportunity now for the European Tour to grow and slipstream with the PGA Tour. The big benefits of the strategic alliance will really kick in in 2024 when you're going to see more joined-up thinking between the two tours."

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Elliott Heath
Senior Staff Writer

Elliott Heath is our Senior Staff Writer and has been with Golf Monthly since early 2016 after graduating with a degree in Sports Journalism. He manages the Golf Monthly news, features, courses and travel sections as well as our large Facebook, Twitter and Instagram pages. Elliott has interviewed some huge names in the golf world including Sergio Garcia, Thomas Bjorn, Bernd Wiesberger and Scotty Cameron as well as a number of professionals on the DP World and PGA Tours. He covered the 2022 Masters from Augusta National as well as four Open Championships on-site including the 150th at St Andrews. He has played 35 of our Top 100 golf courses, with his favourites being both Sunningdales, Woodhall Spa, Old Head and Turnberry. He has been obsessed with the sport since the age of 8 and currently plays at West Byfleet Golf Club in Surrey, where his handicap index floats anywhere between 2-6. His golfing highlights are making albatross on the 9th hole on the Hotchkin Course at Woodhall Spa, shooting an under-par round, playing in the Aramco Team Series on the Ladies European Tour and making his one and only hole-in-one at the age of 15 - a long time ago now!

Elliott is currently playing:

Driver: Titleist TSR4

3 wood: TaylorMade SIM2 Max

Hybrid: TaylorMade SIM Max

Irons: Mizuno MP5 4-PW

Wedges: Cleveland RTX ZipCore 50, 54, 58

Putter: Odyssey White Hot OG #5

Ball: Titleist Pro V1x