TPC Goes Belly Up, More To Come?

Kerry Singe reports on a judge appointing a receiver for TPC Piper Glen after lender GE told the court the club defaulted on payments and is insolvent. TPC Piper Glen is owned by Heritage Golf Group of San Diego, which according to its website also owns TPC Eagle Trace, TPC Prestancia, TPC Tampa Bay and TPC Michigan.

The PGA Tour created a "strategic alliance" with Heritage in March, 2007, declared at the time PGA Tour Golf Course Properties President David Pillsbury as "harnessing the natural synergies between our companies" to "deliver a better, more valuable golf experience for our collective members and guests."