The World Golf Group (WGG) organization has unveiled plans for a replacement global tour encompassing an 18-event season offering a complete prize purse of $240m (€217.7m).
The UK-based organization’s Premier Golf League (PGL) vision is 2 years within the making and is scheduled to launch in January 2022. An eight-month season would commence in January, with 10 of the 18 tournaments being held within the US.
WGG is seeking to check in 48 players, with a private champion to be decided after the 17th event and therefore the finale to be staged as a team play-off. WGG said during a statement: “If you would like the planet to observe, you’ve got to showcase your best product, week-in-week-out. Golf doesn’t do this currently.
WGG said it’s partnered with New York-headquartered acquirer the Raine Group within the venture. Selected players would be handed part ownership of a team franchise, with WGG stating this is able to give them the prospect to share in “significant equity value”.
The prospect of a world golf tour has been mooted for quite 20 years, with WGG answering questions on how the PGL would differ from a proposal from Australian golf legend Norman that ultimately did not get off the bottom in 1994. WGG said Norman’s plan “resulted during a threat to ban its participants and therefore the creation of 4 World Golf Championships – beat the US. The planet is now a special place, restraint of trade laws have changed, and therefore the League may be a very different proposition.”
WGG said it’s keen to figure with established golf tours instead of act as a breakaway league. However, both the European Tour and PGA Tour have dismissed such a proposal.
The latest news comes after the PGA Tour announced that it’s raising the prize of the 2020 Players Championship to $15m, with the winner of the March 12-15 event at TPC Sawgrass in Ponte Vedra Beach, Florida, the US, to receive $2.7m.
The move represents a complete rise of $2.5m from last year’s event, which was won by McIlroy. It also means, for the nonce, the Players Championship can pay quite any of the main championships. Last year, the payouts for the men’s majors were: US Open ($12.5m), The Masters ($11.5m), PGA Championship ($11m) and Open ($10.75m).