Tiger Woods and Rory McIlroy Earn Equity Stakes in New PGA Tour Enterprises; Major Tour Members Set to Receive Player Equity Grants: Inside the Latest Golf News

Scottie Scheffler put on a dazzling performance at the Masters, securing his second title with an incredible showing on the course. Golfweek’s David Dusek detailed Scheffler’s victory and the impressive feat of winning the prestigious tournament. Meanwhile, reports emerged that Tiger Woods and Rory McIlroy could receive equity in PGA Tour Enterprises as a gesture of gratitude for remaining loyal to the Tour amidst tempting offers from LIV Golf. Woods is set to receive a $100 million stake, while McIlroy will get a $50 million share in the new enterprise. These rewards come as negotiations between the two circuits continue amid ongoing merger talks.

In other golf news, a memo from PGA Tour commissioner Jay Monahan disclosed that a significant portion of current Tour members would be granted equity in the newly established for-profit entity. Majority-owned by the Tour and backed by a $1.5 billion investment from Strategic Sports Group, the initiative aims to recognize top-performing members and golfing legends who have shaped the modern PGA Tour. The first round of player equity grants totals $930 million, with 193 PGA Tour members set to receive them. The top 36 players will receive the majority of these grants, determined by a performance-based formula. To qualify for the grants, players must participate in 15 or more events on the PGA Tour or fulfill service requirements proportional to the value of the grant.

While the spokesperson for the PGA Tour refrained from commenting on the specifics of