Tiger Woods Received $100M Worth Of Equity In PGA Tour Enterprises

Nearly two years ago, when many professional golfers were lured to the LIV Golf Invitational Series financed by Saudi Arabia’s Public Investment Fund, Tiger Woods resisted the lucrative chance to join them. Golf.com reported that he rejected an offer between $700 million to $800 million to play at LIV. According to The Telegraph, the PGA Tour awarded him a payday of $100 million for staying loyal to the association.

That loyalty to the PGA Tour was appreciated when Woods reportedly received an email stating he would receive up to $100 million in equity.  Fellow golfer, Rory McIlroy is allegedly getting $50 million for sticking with them. Strategic Sports Group is responsible for paying the golfers and many others who resisted the temptation to leave the PGA Tour and join LIV.  The sports group, which comprises a collective group of investors, led by Liverpool FC owner Fenway Sports helped create PGA Tour Enterprises, a new non-profit organization to which they contributed $3 billion.

Earlier this year, it was reported that Woods and other PGA Tour players were set to become equity holders in PGA Tour Enterprises, according to MSN. The deal, finalized after months of negotiations, marks a significant moment in sports history as players will now own a share of the PGA Tour, a concept unprecedented in professional sports.

The $3 billion investment from Strategic Sports Group, led by Fenway Sports Group, is a landmark agreement that places the value of PGA Tour Enterprises at $12.3 billion. The large amount of equity given to certain players will be based on criteria such as career accomplishments, recent achievements, and Tour status.