British Masters Belfry tournament in jeopardy over sponsor fears
Mr Chandler added: “The North West Development Agency have offered their support if we take it into their area, but we need that extra million.”
Last year’s event resulted in a grandstand finish as an unheralded Spaniard, Gonzalo Fernandez-Castrano, beat defending champion Lee Westwood at the third hole of a sudden-death play-off.
The history of the British Masters goes back to 1946 when South African Bobby Locke tied with Scot Jimmy Adams in the days before “sudden-death” play-offs.
No-one from The Belfry was available for comment.