In a February 14 email to Rory McIlroy, chairman of the PGA Tour’s Player Advisory Council, and other PGA Tour leaders that was obtained by the Fire Pit Collective, the Premier Golf League laid out its plan for a series of events that would partner with various tours, feature massive paydays and give ownership stakes to members of the league.
The format consists of 18 events, with 12 teams of four players competing in team and individual championships that run simultaneously throughout the season. Purses would be worth $20 million, with an additional $1 million going to the winners of the team event. A winner-take-all prize of $20 million is also up for grabs to the winner of a season-ending team event.
As for the ownership stakes, the PGL would allocate 100 million shares to PGA Tour, Korn Ferry Tour and DP World Tour players in a tiered system. PGA Tour members would get 50 percent of the shares, with 7.5 percent going to Korn Ferry members and 2.5 percent to DP World Tour members. The email stated the prospective value of the shares is $10 billion.
