But if the sponsors find out he just kept their money, I expect they will not sponsor any disc golf events ever again. i sponsor just about every event i play in, I have had zero returns on those sponsorships, but the money supports the club, so i will keep doing it. However if i knew the money went in the Club president's pocket, i would never give them money again. See how that works? Do you think disc golfers and sponsors are just rubes laying there to be taken?
But that's how advertising works.
When a business purchases an advertisement on your tee sign, where does the money go? About $20 goes to printing the sign, and the rest goes into the club's pocket for them to use as they see fit. Some goes to course upkeep, some goes to tournament payouts, some goes to a pizza party for the club at the end of the year.
When a business purchases a billboard on the side of the highway, where does the money go? A thousand dollars goes to printing the sign and paying the workers to install it, and the rest goes into the owner's pocket for him to use as he sees fit. Some goes to pay for maintenance, some goes to him as his salary.
When a business purchases an advertisement on the sideline of the local baseball team, where does the money go? Some of it goes to printing and installing the sign, and the rest goes in the owner's pocket for him to use as he sees fit. Some of that goes to paying players, some goes to paying maintenance workers, some goes to paying himself.
A tournament sponsorship is just a different form of advertising. If a business thinks it's worth $500 to get 100 eyeballs on their logo for two days, then they'll pay $500 and write it down as the cost of advertising. Unless they come out with specific demands about how the money gets spent, the TD is free to spend it as he sees fit.