PGA Tour Grants Equity to Top Performers in Historic Deal

Scottie Scheffler’s incredible performance at the Masters has been detailed by Golfweek’s David Dusek, securing his second title on the course. Meanwhile, reports have emerged that Tiger Woods and Rory McIlroy could receive equity in PGA Tour Enterprises as a gesture of gratitude for remaining loyal to the Tour amidst tempting offers from LIV Golf.

The new enterprise aims to recognize top-performing members and golfing legends who have shaped the modern PGA Tour, with 193 PGA Tour members set to receive equity grants totaling $930 million. The top 36 players will receive the majority of these grants, determined by a performance-based formula. To qualify for the grants, players must participate in 15 or more events on the PGA Tour or fulfill service requirements proportional to the value of the grant.

While no specifics about equity rewards for loyal Tour members have been confirmed, this prospect marks a significant development in the golfing world. The memo from PGA Tour commissioner Jay Monahan disclosed that a significant portion of current Tour members would be granted equity in the newly established for-profit entity. This initiative is backed by a $1.5 billion investment from Strategic Sports Group and aims to recognize top-performing members and golfing legends who have shaped the modern PGA Tour.