Under the agreement, SportsQuest will underwrite all purses and expenses for ‘official’ USPGT events through 2010, subject to certain performance conditions.
In 2008, purses for ‘official’ USPGT events are expected to exceed $2.1 million.
"This agreement is one of the major steps toward the previously announced re-launch of the USPGT in 2008, said Thomas Kidd, CEO, SportsQuest. “With the recent addition of ZC Entertainment to our holdings, we now have the experienced operating and marketing resources to assist the USPGT in rebuilding to its former state, delivering value to USPGT partners and professionals.”
In 2008, four 'official' USPGT events carry a purse of $400,000 each, while the official Tour Championship purse is $500,000. Purse amounts and official tour events are scheduled to increase beginning in 2009.
The US Pro Golf Tour Presented by SportsQuest will be managed by SportsQuest Golf, a division of SportsQuest.
