Today's guest is Andy Gardiner, the man behind the Premier Golf League, the self-styled Formula One for professional golf whose promising to generate $1.8billion of annual revenue and $10billon of equity value by 2031.
This comes a week after our podcast with Sean Bratches from the rival disruptor league, Saudi backed LIV Golf. Since we spoke, Bratches has resigned.
As you'll hear in our conversation, Gardiner is bullish on the PGL's chances of breaking the current stalemate with the PGA Tour, by offering a revenue share agreement to the players and demanding their representatives on the PGA Tour Policy Board publish an independent valuation on the PGL's projections .
The stakes are very high and the proposal would change professional golf forever, something Gardiner refers to as a 'multi generational opportunity' for the game.
The deadline for a decision is looming and the PGA Tour is countering with threats to the players livelihoods and attempts to undermine Gardiner's projected figures.
Gardiner says: "When we started out, there was a genuine feeling amongst the best players in the world that they were over subsidizing the rest of the membership. And we heard that from sponsors and we heard it from broadcasters because they said, yes, we really only care about 6, 7, 8, 9, 10 guys. Those are the ones who move the needle. That's why we're paying the money we're paying".
Today’s episode is sponsored by our friends at Turnstile.
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