Report: Tiger Woods was Offer a $100 million loyalty award by The PGA Tour due to…

Tiger Woods was Offer a $100 million loyalty award by The PGA Tour due to…

Tiger Woods has reportedly received an email telling him that he will get up to $100 million in stock if he continues to play on the PGA Tour, according to The Telegraph.

According to the Newspaper, the seasoned golfer received an email from Sawgrass HQ stating that he would get up to $100 million in equity for remaining a PGA Tour member, and that Rory McIlroy may receive $50 million for declining to join LIV.

After the PGA Tour introduced PGA Tour Enterprises earlier this year, a program that promised players the chance to receive ownership based on career accomplishments, golf fans have been eagerly awaiting this announcement.

The business initiative originated from a collaboration with Strategic Sports Group (SSG), an alliance of American sports franchise owners headed by Fenway Sports.

It was estimated at the time of its launch that players would have the chance to receive over $1.5 billion in immediate and future equity in the new company collectively. The grants would be given out based on a player’s career accomplishments, recent accomplishments, future participation and services, and membership status on the PGA Tour.

A little over two thirds of the estimated $1.5 billion will be distributed among 193 players as stock. The Telegraph has revealed that the $750 million will be distributed among the 36 superstars selected by the circuit; the exact amounts will vary based on the previously mentioned parameters.

Jay Monahan, the CEO of the new venture and Commissioner of the PGA Tour, emphasized during the PGA Tour Enterprises launch that “today represents a significant moment for the