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Volume 26 No. 207
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Revised World Golf Tour Proposal Features Big Purses, Team Concept

U.K.-based World Golf Group is "making another fervent bid to lure top players" with plans to start a new tour in '22 or '23, according to sources cited by golf writer Geoff Shackelford. The concept as originally proposed in '18 featured an 18-event schedule from January-September with 48-player fields vying for $10M each week, "highlighted by a season-ending team championship." The plan has since been "adjusted after feedback from players and agents," so it now aims for 10 events. The group is retaining an F1-style team component, "complete with managers and potential drama surrounding players who are signed, benched or released from franchises." Purses were "originally pegged" to be in the $10M range, but those numbers "may climb while retaining backdoor appearance fees that would add to player and agent coffers." Financing is "believed to come from a combination of sources, including Tokyo-based Softbank, and private equity investment from several regions," including the U.S. and the Middle East. The effort was a "major topic during this week's PGA Tour player meeting at the Farmers Insurance Open" (GEOFFSHACKELFORD.com, 1/23).