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Edward Robert "Bobby" Ginn III was the chairman and CEO of Ginn Resorts, a resort development and management company, and former owner of the merged NASCAR Nextel Cup team Ginn Racing (formerly MB2 Motorsports, which he purchased from MB2 owner Nelson Bowers, Jr. in 2006).
Ginn started Ginn Resorts in 1998 (then the Ginn Company). The company owned land in Florida, South Carolina, North Carolina, Vermont, Colorado, Bahamas and Saint Thomas. During the economic boom of early 21st century, Bobby Ginn developed many high-end resorts. When the real estate market collapsed during the Global financial crisis, he faced lawsuits from disgruntled lot and condominium purchasers who alleged that he used deceptive and misleading trade practices. Bobby Ginn has stated he will "vigorously defend against these false allegations". Property owners at his former Ginn Sur Mer resort development in the Bahama's are suing Ginn's lender Credit Suisse as part of a multi-billion dollar lawsuit led by the bankrupt luxury Yellowstone Club founder Tim Blixseth and his son Beau Blixseth. The owners claim the resort failed because of a "loan to own" scheme between the bank and Ginn that was replicated at other luxury resorts in the United States.
Ginn sponsored several professional golf events including the Ginn Championship at Hammock Beach, the Ginn Open at Reunion and the Ginn sur Mer Classic at the Conservatory. On January 28, 2009 The Ginn Companies withdrew their sponsorship of these events, will not be hosting or producing any of these professional golf tournaments (including 2009 tournaments).
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