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Sports Golf PGA Tour

PGA Tour Enterprises

Investment Strategic Sports Group Ownership Player Equity Program Equity holders Future of Golf Shift in Business Model AT&T Pebble Beach Pro-Am Board of Directors Equity program Partnership with SSG Deal Valuation Equity Groups Equity Grants Equity ownership program Equity shares Public Investment Fund SSG DP World Tour Equity Ownership Saudi Arabia's Public Investment Fund Merger Player Ownership LIV Golf New company Tournament Purses Comparison with Other Sports Player Grants Player ownership SSG deal Investor Group Equity ownership PGA Tour Commissioner Equity grants Player Involvement Financial agreement Partnership Equity distribution LIV Golf League Equity Board Members Ownership Structure Investors Revenue maximization

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