Premier Golf League Pleads With PGA Tour For Independent Valuation

In a Twitter video, the PGL's founder and CEO, Andy Gardiner, made his intentions very clear

The PGA Tour logo
(Image credit: Getty Images)

The talk of breakaway leagues within golf has been writhe throughout 2022, with the Saudi-backed LIV Golf Invitational Series dominating proceedings. However, over the past week, the group behind the Premier Golf League (PGL) have also now become more vocal.

Recently, the PGL penned an explosive letter to PGA Tour players. Now, not long after that letter was sent out, the PGL have released a video on their Twitter page reiterating their stance, with the caption reading: "Under the proposals, the PGL will be worth $10billion+ by 2031 and half of that value will go to the voting members of the PGA Tour. Those voting members should ask the Policy Board to engage with us and publish an independent valuation."

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In the tweet, PGL founder and CEO, Andy Gardiner, states: "We believe that change is likely to occur. I think that's the view of a lot of observers with what's going on in the sport right now. I find it difficult to imagine that golf will be the same in five years time as it was five years ago and I think change is already beginning and it's not just inevitable, it has begun.

He goes on to add: "We have spoken a lot over the last year about our desire to do this in collaboration with the PGA Tour. It's ultimately because it is such a good thing for the sport and it can be a good thing for all members of the PGA Tour. We are sending a letter via agents and via The PAC, so hopefully this one-page letter will give them a better idea, but time is marching on, golf is changing.

"What we are going to ask voting members to do is very simple. It is to compel the policy board to engage in a conversation with us. The second thing that should then happen is there should be an independent valuation of our proposal. We're saying that it is worth $10 billion by 2030-31, and we are saying that half of that value will go to the voting members of the PGA Tour. There are roughly 250 of those so that is $20 million of value per voting member, plus value for Korn Ferry Tour and DP World members."

Norman smiles

The Saudi-backed LIV Golf Invitational Series is set to begin in June, with Greg Norman at the forefront of the new Series

(Image credit: Getty Images)

According to the PGL's website, the proposed ownership would stand at 50% for professional golfers, tournament operators and fans, with the other half lying with PGL founders and stakeholders. On the website, it also states: "We ideally want the League to be a joint venture, unifying and uniting golf’s community for the good of the game."

Aiming to launch in early 2023, the PGL proposes individual and team golf running alongside one another with 18 events each calendar year. The format will consist of 12 four-man teams in 54-hole, no cut, stroke play tournaments.

Matt Cradock
Staff Writer

Matt joined Golf Monthly in February 2021 covering weekend news, before also transitioning to equipment and testing. After freelancing for Golf Monthly and The PGA for 18 months, he was offered a full-time position at the company in October 2022 and continues to cover weekend news and social media, as well as help look after Golf Monthly’s many buyers’ guides and equipment reviews.

Taking up the game when he was just seven years of age, Matt made it into his county squad just a year later and continues to play the game at a high standard, with a handicap of around 2-4. To date, his best round came in 2016, where he shot a six-under-par 66 having been seven-under through nine holes. He currently plays at Witney Lakes in Oxfordshire and his favourite player is Rory McIlroy, despite nearly being struck by his second shot at the 17th during the 2015 BMW PGA Championship.

Matt’s current What’s In The Bag?

Driver: Honma TW747, 8.75°

Fairway Wood: TaylorMade Rocketballz Stage 2, 15°, 19°

Hybrid: Adams Super Hybrid, 22°

Irons: Mizuno MP54, 5-PW

Wedges: Cleveland 588 RTX 2.0 Tour Satin, 50°, 56°, 60°

Putter: Cleveland TFI 2135 Satin Cero

Ball: Titleist Pro V1x