Woods, McIlroy to receive loyalty payouts from PGA Tour, report says
Woods, McIlroy to receive loyalty payouts from PGA Tour, report says
Item 1 of 2 Golf – The Masters – Augusta National Golf Club, Augusta, Georgia, U.S. – April 14, 2024 Tiger Woods of the U.S. on the 18th hole during the final round REUTERS/Mike Blake/File Photo
[1/2]Golf – The Masters – Augusta National Golf Club, Augusta, Georgia, U.S. – April 14, 2024 Tiger Woods of the U.S. on the 18th hole during the final round REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab
April 24 (Reuters) – Tiger Woods and Rory McIlroy are among the golfers expected to be given equity in PGA Tour Enterprises as a thank you for sticking with the Tour instead of jumping to rival LIV Golf, the Telegraph reported on Wednesday.
Woods will receive a $100 million and McIlroy a $50 million stake in the newly-formed enterprise for not taking lucrative offers from the Saudi-backed LIV as merger negotiations between the two circuits continue to drag on.
