Tiger Woods and others like Rory McIlroy are set to receive equity stakes in PGA Tour Enterprises as a reward for their loyalty to the PGA Tour, rather than joining the rival LIV Golf circuit.
Woods is expected to receive a $100 million stake while McIlroy’s share will be valued at $50 million according to The Telegraph, $930 million of equity will be shared among 193 golfers, with $750million reserved for 36 of the world’s best, based on a performance-based formula, and $75million given to retired legends.
The equity program is intended to reward top-performing players and legends who have made significant contributions to the PGA Tour’s growth. To receive these grants, players must participate in at least 15 PGA Tour events or meet other service requirements in line with the value of their grants.
