Tiger Woods ‘to be paid $100M’ by the PGA Tour as confidential payments to Rory McIlroy and Co are revealed
Tiger Woods ‘to be paid $100M’ by the PGA Tour as confidential payments to Rory McIlroy and Co are revealed
Tiger Woods will reportedly receive up to $100million in equity as a reward for staying loyal to the PGA Tour, with Rory McIlroy said to be in line for around $50million after resisting the lure of LIV Golf.
Strategic Sports Group – a consortium led by Red Sox and Liverpool owners Fenway Sports Group- recently agreed a $1.5billion investment deal with the new PGA Tour Enterprises.
Now, according to The Telegraph, around $1bn of equity will be shared among 193 golfers, with $750million reserved for 36 of the world’s best and $75million given to retired legends.
It’s said that PGA Tour commissioner Jay Monahan will give the green light to the golden handshakes, which will also see the likes of Jordan Spieth and Justin Thomas pocket a reported $30m.
But, according to the Telegraph, the likes of Woods and McIlroy will not be able to cash in their equity immediately and then sign with LIV.
