The PGA Tour is distributing equity to its players, past and present, who have helped build the Tour and remained in its ranks.
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RoryMcIlroyandTigerWoodswillbereceivingequityfortheirloyaltytothePGATour.(DavidCannon/GettyImages)ThePGATourhasbegunnotifyingitsplayersoftheequitytheywillreceiveforremainingloyalto,andhelpingbuild,thetourinthefaceofasignificantthreatfromLIVGolfandSaudiArabia’sPublicInvestmentFund.WhiletheexactamountsofsharesinthePGAToureachplayerwillreceivearen’tdisclosed,thepoolfromwhichtheequitywillbedrawnisestimatedatmorethan$900million…andit’sreasonabletoassumethatthebiggestnameswilldrawthelargestshares.
TheTouris,ineffect,rewardingitsplayerswhoremainedinitsranksevenasothersjumpedtoLIVGolf.PlayerslikeTigerWoods,RoryMcIlroy,JordanSpiethandJustinThomaswillbeeligiblefortheequityawards;playerslikeJonRahm,DustinJohnson,BrooksKoepkaandBrysonDeChambeauwillnot.PhilMickelson,themostfamousplayerintheworldoutsideWoods,willnotreceiveanyequity,eventhoughhe’sasresponsiblea
