Golfweek’s David Dusek recently detailed the impressive performance of Scottie Scheffler at the Masters, where he secured his second title. Meanwhile, reports have emerged that Tiger Woods and Rory McIlroy could be set to receive equity in PGA Tour Enterprises as a gesture of gratitude for their loyalty to the Tour amidst tempting offers from LIV Golf.
The PGA Tour has announced plans to establish a new for-profit entity, with a significant portion of current Tour members set to receive equity in the venture. The initiative, backed by a $1.5 billion investment from Strategic Sports Group, aims to recognize top-performing members and golfing legends who have shaped the modern PGA Tour. To qualify for equity grants, players must participate in 15 or more events on the PGA Tour or fulfill service requirements proportional to the value of the grant.
According to a memo from PGA Tour commissioner Jay Monahan, $930 million in player equity grants will be distributed among 193 PGA Tour members. The top 36 players will receive the majority of these grants, determined by a performance-based formula. However, specific details about which players will receive equity rewards have not been disclosed due to U.S. Securities and Exchange Commission regulations and confidentiality concerns regarding financial information.
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