Tiger Woods and Rory McIlroy are among golfers expected to be given equity by PGA Tour Enterprises, The Telegraph reported Wednesday.
As the merger talks continued between the two circuits, Woods will take a $100 million stake in the new venture, while McIlroy will take a $50 million stake in avoiding a lucrative bid from LIV-made Saudi.
Most PGA Tour members will now be rewarded with a stake in the new non-profit organization, according to a statement sent by commissioner Jay Monahan in February and reported by Reuters.
PGA Tour Enterprises is majority owned by the Tour and backed by a $1.5 billion investment from Strategic Sports Group, a consortium that owns sports teams, the filing said.
This award honors top members and legends who helped shape the modern PGA Tour.
The initial round of player equity grants will total $930 million and will be awarded to 193 PGA Tour members, most of whom will be among the top 36 players determined by a formula based on performance, according to the release.
All initial grants require players to play 15 or more tournaments on the PGA Tour and/or complete service requirements equal to the grant value.
A PGA Tour spokesman said he could not comment on the details of the Telegraph report because of US Securities and Exchange Commission regulations and private financial disclosure.
