The WSJ's Richard Gillis says that Greg Norman's business problems "are a sign that something is very wrong with the golf business," though that may be a bit of a stretch. Love the B-speak from the Shark though:
"The biggest effect I see is in account receivables, which are way out there," says Mr. Norman, referring to bills that remain unpaid by developers who have started projects and then run out of money as a direct result of the financial crisis.
And he offers this about the PGA Tour, even though I seem to recall he wanted to build a small world tour revolving around just a few stars:
"The PGA Tour put all their eggs in one basket," he says. "They built the tour around Tiger, sold the television contracts around Tiger, so it made the other players feel insignificant which is a sad way of doing business because they have a responsibility to all of their constituents. The PGA Tour is a one-man, one-vote operation and nobody is bigger than the game of golf. The exact same thing happened in basketball with Michael Jordan and look at the dead time that basketball went through when Jordan went."