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PGA Tour Announces Major Equity Payments to Top Players for Loyalty

Tiger Woods and Rory McIlroy lead the list of beneficiaries with $100 million and $50 million equity payments respectively, as the PGA Tour rewards loyalty amidst competition from LIV Golf.

Overview

  • Tiger Woods to receive $100 million and Rory McIlroy $50 million in equity from PGA Tour for their loyalty.
  • Equity payments part of a strategic move to retain top talent amid lucrative offers from Saudi-backed LIV Golf.
  • Total of $930 million in equity to be distributed among players, with major payouts also going to stars like Jordan Spieth and Justin Thomas.
  • The equity scheme is designed to vest over several years, ensuring long-term loyalty and involvement in the PGA Tour.
  • PGA Tour continues negotiations with Saudi Public Investment Fund, potentially increasing future equity values.