Golf-Woods, McIlroy to receive loyalty payouts from PGA Tour, report says

Woods will receive a $100 million and McIlroy a $50 million stake in the newly-formed enterprise and for not taking lucrative offers from the Saudi-backed LIV as merger negotiations between the two circuits continue to drag on. Several hundred players will also receive equity in PGA Tour Enterprises, which raised a reported $3 billion investment earlier this year from Strategic Sports Group, a consortium of sports team owners.

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 and for not taking lucrative offers from the Saudi-backed LIV as merger negotiations between the two circuits continue to drag on.

Several hundred players will also receive equity in PGA Tour Enterprises, which raised a reported $3 billion investment earlier this year from Strategic Sports Group, a consortium of sports team owners. The PGA Tour did not immediately respond to a request for comment.