Scottie Scheffler showcased an incredible performance at the Masters, securing his second title. Golfweek’s David Dusek detailed his impressive victory at the prestigious tournament.
According to a report by the Telegraph, Tiger Woods and Rory McIlroy are set to receive equity in PGA Tour Enterprises as a gesture of appreciation for remaining loyal to the Tour instead of joining rival LIV Golf. Woods is expected to receive a $100 million stake, while McIlroy will receive $50 million.
The newly-formed enterprise is majority owned by the PGA Tour and has received a $1.5 billion investment from Strategic Sports Group. The program aims to reward top-performing members and legends who have contributed to the growth of the PGA Tour.
An initial round of player equity grants totaling $930 million will be awarded to 193 PGA Tour members, with the top 36 players receiving the majority based on a performance-based formula. Recipients of the grants will need to fulfill specific competition and service requirements.
While details of the Telegraph report could not be confirmed by the PGA Tour due to regulatory reasons, the initiative seeks to acknowledge and reward the contributions of players to the Tour’s success.