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Published By: Sports Desk
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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.
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.
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