Tiger Woods will today receive an email from Sawgrass HQ informing him that he will receive up to $100 million in equity for staying loyal to the PGA Tour, with Rory McIlroy benefitting possibly to the tune of $50M for not joining LIV Golf.
Jay Monahan, the PGA Tour commissioner, will press the button on the ultra-personal messages that have been eagerly awaited since Strategic Sports Group — a consortium of US investors led by Liverpool FC owner Fenway Sports — pumped $1.5 billion into PGA Tour Enterprises, the new for-profit company, three months ago.
Approximately two thirds of that figure will be divvied up as equity to 193 golfers, although with $750 million to be split among the 36 superstars adjudged by the circuit to be most deserving the sums will be wildly different. Little wonder, therefore, that Monahan and his management team have been at pains to keep the breakdown confidential.