PGA Tour-Fenway Deal Updates: Will Tiger Woods Get $900M Equity Benefits?


The wait is finally over. The PGA Tour has finally clarified what its future will look like going forward. Even though not so much has been solidified regarding its state of affairs with the PIF, the PGA Tour-Fenway Deal has garnered a fair share of attention. The $3 billion investment agreement with the SSG clearly states that the players will receive a whopping $900 million in equity shares. But this news has filled the golf fraternity with doubts.
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The most highly voiced concern is the state of Tiger Woods in this changing environment. So will the Tiger of the Golfing Jungle receive the happy part of the deal, or will he remain empty-handed?
Tiger Woods stuck with no answers
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According to the reports, the PGA Tour-Fenway deal will see around 180 golfers making money out of approximately billion-dollar equity shares being directed toward them. The higher-ranked players will be getting more shares than the rest, based on the performance they have delivered in the past few months. As Tiger Woods is currently ranked 889th in terms of the OWGR, it seems that he is currently not eligible to make use of the money bestowed upon the players.
But even after winning 15 majors, why is Woods placed so low on the rankings? Well, the answer is hidden in his extended hiatus that ended at the 2023 Hero World Challenge. However, Woods has a strong plan to play at least one game over the coming months and rise back from the ashes like a true phoenix.
Therefore, the 48-year-old may go empty-handed, as per the information available at the moment. Surely, this piece of news has been a tough one to digest for most of his fans.
But another confusion surrounds the golf world in light of the newly announced deal: What about the PIF?
What about the PGA Tour’s status with the PIF?
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The negotiations between the PGA Tour and the PIF are still ongoing. It has been revealed that the investment by Saudi Arabia’s Public Investment Fund has been subjected to regulatory issues.
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That being said, the ongoing issues shed light on the long-impending state of the merger. It is also being said that the deal with Fenway might change things in these negotiations, as now the PGA Tour has the big bucks on its side, which the Saudi-backed enterprise aimed to leverage to rule the decision on its side previously. LIV and PGA Tour are yet to reach an agreement even after the December 31 deadline and the recent deal with Fenway Sports could further complicate matters.
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PGA Tour can now offer its players huge monetary incentives, but will Tiger Woods be one of the beneficiaries?
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