LPGA Purses SOAR! See How One Company is Changing the Game!
The LPGA Tour is experiencing a surge in prize money, thanks to companies like FM Global, who are stepping up to elevate the game. Kevin Ingram, senior executive VP and CFO of FM Global, felt "underwhelmed" by the existing LPGA purses and saw an opportunity to make a significant impact. FM Global committed to partnering with the LPGA to become a title sponsor and bring a tournament to TPC Boston last year.
FM Global Sets a New Standard
When FM Global announced its inaugural tournament, they set the purse at a staggering $3.5 million. This instantly became the largest purse of any LPGA event outside of the five majors and the Tour Championship. Ingram stated that their intention was to provide leadership and positive momentum to the LPGA Tour, hoping others would follow suit.
The Ripple Effect
Before FM Global's groundbreaking move, the JM Eagle LA Championship held the title for the largest non-major purse at $3 million. FM Global's investment is a clear indication of the growing recognition and value placed on women's professional golf.
Megan Khang's Home Turf Advantage
Massachusetts native and LPGA golfer Megan Khang is looking forward to the FM Championship. Khang acknowledges the pressure of playing in front of her home crowd but views it as an exciting opportunity. The cheers and support from the fans, with over 25,000 attending the 2024 FM Championship, demonstrate the increasing popularity of women's golf.
- Khang finished 35th in the event last year.
- She joined the LPGA Tour in 2016.
- She has 92 career top-five finishes.
Khang expressed her excitement about bringing women's golf back to the New England area, recalling memories of watching men's golf tournaments in Massachusetts as a child. The return of the LPGA represents a full-circle moment for her and the region.
The increased investment in LPGA tournaments and the growing fan base are positive signs for the future of women's professional golf, promising more opportunities and recognition for talented athletes like Megan Khang.