Rory McIlroy Receives Letter From Alternative Golf League

Rory McIlroy and the PGA TOUR policy board has received a letter from the Premier Golf League, which has no affiliation with the Saudi golf league, and the letter even laid out the leagues event schedule and its financial intensions.

According to the Fire Pit Collective, the Premier Golf League is a league that would have 18 events with $20 million purses. Team events would run throughout the season and it involves share-holding from the PGA Tour, DP World Tour and the Korn Ferry Tour.

 

 

 

 

 

 

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CEO of the Premier Golf League Andy Gardiner told the No Laying Up Podcast that he has had conversations with McIlroy before but also knows that his opinion might have changed with the Saudi golf league news coming out.

The PGL’s website makes it very clear that they ARE competitors of the Saudi golf league.

Kevin Kisner, who is also on the PGA TOUR policy board described the proposed plan as “not feasible.” Also saying, “Their proposal has been studied and scrutinized by an independent company to test its viability. The results were presented to all of us. After extensively studying the (PGL’s) finances and the proposal, the (consultants) likened it to having to perform from a financial standpoint of 19 Ryder Cups per year. Not feasible.”

 

 

 

 

 

 

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Although Kisner made these comments a source close to the proposal has said that the financial viability of the league is strong.

The source said, “they don’t have our model so I don’t know what they audited. We, on the other hand, have had our model audited by multiple financial institutions and industry experts and know it’s not only viable but conservative.” 

In the proposal the Premier Golf League wants to divi up ownership to multiple tours. They plan to allocate $100 million in shares in that the PGA Tour would receive 50% of shares, the Korn Ferry would have 7.5% and the DP World Tour would have 2.5%.

Gardiner also made it clear that they want to work with the PGA TOUR and giving out bonuses to all of it’s players if the deal was signed.

With not having the ethical issues of the Saudi golf league and also being more willing to work with the PGA TOUR, it will be interesting to see if the Premier Golf League can get off the ground.

Cover Image Via The Guardian