Tiger Woods will be informed today via email that he will receive up to $100M in equity "for staying loyal to the PGA Tour"Getty Images
PGA Tour members will receive an email today "notifying them of the current value of award grants" earmarked for them via
PGA Tour Enterprises' Equity Program, "be it tens of millions of dollars, or none at all." The 193 eligible recipients will receive a letter from PGA Tour Commissioner
Jay Monahan, who is the CEO of PGA Tour Enterprises, "explaining the number of equity units they receive and the fair market value of said equity," which comes from Strategic Sports Group's investment into the Tour. The Tour "intends to keep the list of award recipients confidential." The recipients are "sectioned" into four groups:
- Group 1 will see $750M in value doled out to 36 players. That’s a little more than 80% of the prize going to "just a few dozen pros."
- Group 2 will see an extra $75M in value issued to a total of 64 players considered "steady performers and up-and-comers."
- Group 3 will see a total of 57 players "earn from a pile of" $30M "based on tournaments won, career money and number of times finishing in the top 125 of the FedEx Cup."
- Group 4, who are considered "past legends," will see 36 players receive their share of $75M "based, again, on Career Points" (GOLF, 4/23).
Tiger Woods today will receive an email from the tour informing him that he will receive up to $100M in equity "for staying loyal to the PGA Tour," with
Rory McIlroy "benefitting possibly to the tune of" $50M for not joining LIV. Meanwhile, the likes of
Jordan Spieth and
Justin Thomas will be due equity worth around $30M (
London TELEGRAPH, 4/24).
