Reasons for Tiger Woods’ payment ,for snubbing LIV Golf decided as Scottie Scheffler future in doubt
Golfing titan Tiger Woods is set to pocket a whopping £80.4 million from the PGA Tour as a loyalty bonus for resisting the allure of rival LIV Golf’s vast wealth. The 15-time major winner, aged 48, will receive an email from Jay Monahan, the PGA Tour commissioner, on Thursday, confirming the hefty bonus as part of a £2.4 billion investment into a new non-profit company, PGA Tour Enterprises.
Woods preditable heads a small group of golfers who are set to benefit the most financially, with Rory McIlroy in tow with a £40m pay-out expected. Both Jordan Spieth and Justin Thomas follow thereafter, with an expected staggered payment each of £25m
As reported by The Telegraph, two-thirds of this investment will be shared among 193 golfers. However, a staggering £603 million will be distributed to 36 superstars, including Woods and McIlroy, who are among the top beneficiaries. Yet there appears to be an alarming absence of World No.1 Scottie Scheffler, who has also resisted the allure of LIV despite being the unrivalled best golfer on the planet, at present.
The value of equity in the PGA Tour is expected to continue growing, ensuring players will continue to reap significant rewards in the future. However, matching LIV Golf’s short-term appeal may prove challenging, given they offered Jon Rahm a staggering £361.9m to switch allegiance.
