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Illustration: Sarah Grillo/Axios

Several players and agents have been approached about participating in a new star-driven global golf tour called the Premier Golf League (PGL), according to multiple reports.

Details: The tour would consist of 18 events and feature 48-player fields, 54-hole competitions (so three days with no cut) and $10 million purses. The mysterious entity behind the tour is also reportedly exploring a team concept similar to Formula One racing, plus an identical women's format.

The backdrop: 25 years ago, Greg Norman and Rupert Murdoch attempted to get a similar concept off the ground, but the PGA Tour squashed it like a bug.

  • "[W]ho possesses more might and moxie to pull this off than the former world No. 1 and Fox media mogul? That's the only question that matters right now," writes the Golf Channel's Randall Mell.
  • "That doesn't mean this isn't worth talking about, but we can't begin to take it seriously until we know who's behind it."

What they're saying: "Those guys have been talking to a few of us for six years,'' said Rory McIlroy at the Farmers Insurance Open this weekend.

  • "I'm still quite a traditionalist, so to have that much of an upheaval in the game I don't think is the right step forward. But I think it might be a catalyst for some changes on this tour that can help it grow and move forward."
  • "But I love the PGA Tour ... I certainly wouldn't want to lose what's been built in the last 40 or 50 years, tournaments like this, tournaments like Riviera in a couple weeks' time, everything that we have gotten to know and love."

Go deeper:

Go deeper

Dion Rabouin, author of Markets
47 mins ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

Ina Fried, author of Login
3 hours ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.

The FBI is tracing a digital trail to Capitol rioters

Illustration: Sarah Grillo

Capitol rioters, eager to share proof of their efforts with other extremists online, have so far left a digital footprint of at least 140,000 images that is making it easier for federal law enforcement officials to capture and arrest them.

The big picture: Law enforcement's use of digital tracing isn't new, and has long been at the center of fierce battles over privacy and civil liberties. The Capitol siege is opening a fresh front in that debate.