Golfweek’s David Dusek reported on the impressive victory of Scottie Scheffler at the Masters, where he secured his second title with a dazzling performance on the course. Meanwhile, Tiger Woods and Rory McIlroy are set to 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.
In other news, PGA Tour commissioner Jay Monahan announced that a significant portion of current Tour members would be granted equity in the newly established for-profit entity. The initiative, backed by a $1.5 billion investment from Strategic Sports Group, 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.
The prospect of equity rewards for loyal Tour members marks a significant development in the golfing world as it recognizes and rewards those who have contributed significantly to its growth and success over time.