(Asia Economy Kim Hyun-jun, golf reporter) ○…The Premier Golf League (PGL) “money party” resurfaces…
On the 5th (Korean time), the American network ESPN reported that “PGL investors recently contacted world number one Dustin Johnson, Brooks Koepka, Phil Mickelson (all from the United States) and Justin Rose (England).” PGL is a new professional golf tour announced in January 2022 by an organization called World Golf Group (WGG) based in New York. With 18 tournaments and a total prize pool of $240 million (2.698 trillion KRW), it is only about half the size compared to the PGA Tour’s current 50 tournaments with a total prize pool of $400 million (4.496 trillion KRW).
The problem is that even though there are fewer tournaments, the prize money per event is higher. Unlike the PGA Tour, which has around 144 players competing with a minimum prize pool of $10 million, only 48 players participate in PGL no-limit events, and the winner’s prize pool reaches $5 million (KRW 5.62 billion). On the PGA Tour, only the four major championships and the World Golf Championship (WGC) series offer prize money exceeding $10 million. This clearly shows the intention to recruit only 48 global stars.
The PGA Tour announced that it would “prohibit its affiliated players from competing in the PGL simultaneously,” making a clash between the two organizations inevitable. PGL’s momentum slowed last year due to the COVID-19 variable. Some players, including Rory McIlroy (Northern Ireland) and Jon Rahm (Spain), have declared their non-participation, strengthening the PGA Tour. However, player agents added that “PGL has already made offers to many players” and that “the situation remains uncertain.”
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