Premier Golf League: Tempting offer for PGA Tour professionals
03/17/2022 by Elena Reiter
The PGA Tour recently had to deal with the Saudi Golf League, and now it is getting competition from another side.
Rory McIlroy and Jay Monahan are confronted with another offer towards the PGA Tour players. (Photo: Getty)
Rory McIlroy, newest member of the PGA Players’ Advisory Council, received an email from the Premier Golf League (PGL) back on February 14, as reported by the Fire Pit Collective. The contents of that email could be another milestone in the recent evolution of professional golf. According to the mail, the PGL is planning 18 events, with prize money totaling $20 million and complementary team competitions with an additional $1 million in prize money for the winner. In addition, a prize of another 20 million dollars is to await the winner in a season-ending event. But that is not the end of the story.
A shower of money or empty words?
Rory McIlroy was confronted with this important issue on his first official day as a member of the PGA Player Advisory Council. As a member, it was his responsibility to present the issue to the rest of the players and PGA officials. The issue was not only future tournament schedules, but also a direct cash distribution to PGA, Korn Ferry and European Tour players. PGL’s proposal says they want to give 100 million shares to the PGA, Korn Ferry and DP World Tour. According to a breakdown by the PGL, 50 percent (valued at five billion dollars) would go to PGA Tour players, $750 million to the Korn Ferry Tour and $250 million to European golfers.
The PGL clearly distances itself from the Saudi Golf League. They don’t want to make popular players even richer, but rather support all players with an equal share. In the Fire Pit report, one PGL investor is quoted as saying, “They have stolen our idea 100 percent. They are not our partners, they are now our competitors.” PGL’s immense financial resources have no connection with Saudi Arabia, but come mainly from European sponsors, the FAQ on its website went on to say. Their goal, they said, is to work with the PGA Tour and build a partnership.
Current reading recommendations
Kevin Kisner doubts PGL offer
Kevin Kisner, another member of the Player Advisory Council, doubts the feasibility of the promised windfall. “Their proposal has been studied and scrutinized by an independent company to test its viability,” says Kevin Kisner, another player-director on the policy board at a members meeting earlier this month at the Players and Bay Hill. “The results were presented to all of us: Not feasible.”
Follow topics in this article
Comments & Questions