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The PGA Tour's new for-profit entity will dish out over 80% of the initial $930 million of player equity grants to its top 36 golfers, according to a leaked memo
The PGA Tour plans to make $750 million of initial grants from its new cash-flush PGA Tour Enterprises to 36 top players determined by their career, their last five years on tour and how much attention they have brought to golf. Commissioner Jay Monahan said in a memo to players Wednesday that $180 million from the $1.5 billion investment of Strategic Sports Group would go to players based on a three-year performance, all other players and 36 “legends” who helped build the PGA Tour. The equity owners was a key component of the deal announced last week with SSG — a consor...
The PGA Tour's new for-profit entity will dish out over 80% of the initial $930 million of player equity grants to its top 36 golfers, according to a leaked memo reported by US media on Wednesday.
The PGA Tour's new for-profit entity will dish out over 80% of the initial $930 million of player equity grants to its top 36 golfers, according to a leaked memo
Rory McIlroy is offering another proposal to golf's fractured landscape, suggesting that players need to give up their status as independent contractors unless they want to go back to competing for prize funds from 10 years ago. “Look at other sports — they can guarantee who is playing and where,”…