IGPL Drives Golf's Global Future with $100 Million Investment

The Indian Golf Premier League has secured a $100 million investment from ten franchise partners. This investment supports a long-term strategy to professionalize golf through tournaments and infrastructure development. The IGPL plans to hold events across India, Dubai, and Colombo, with future expansion in Africa and the Middle East.

The Indian Golf Premier League (IGPL) announced a substantial $100 million capital injection from ten franchise partners on Monday. Each investor has pledged approximately $10 million over a decade, highlighting a major commitment to enhance and grow the sport.

This announcement follows the successful completion of IGPL's inaugural pro tour, comprising eleven 54-hole, mixed-gender, no-cut events. The tour spanned India, Dubai, and Colombo, with each tournament boasting a prize of ₹1.5 crore. More details on the league format, tournament schedule, and player auction will be disclosed in the upcoming weeks.

Beyond organizing tournaments, the IGPL aims to invest $250 million in developing golf infrastructure, targeting tier 2 and 3 cities and rural areas in India. The league's expansion plans envision establishing a presence in multiple countries across India, Africa, and the Middle East over the next four years, positioning itself as a transformative force in global golf.

(With inputs from agencies.)