PGA Tour Player to Receive 1 Trillion Won Worth of Shares from For-Profit Corporation

A Total of 193 People Allocated Stocks Worth 1.2329 Trillion Won
Top 36 Hold 80% of All Shares, Sitting on a Fortune

Thirty-six top players on the U.S. professional golf (PGA) Tour are set to sit on a 'money throne.'

PGA Tour Player to Receive 1 Trillion Won Worth of Shares from For-Profit Corporation

Jay Monahan PGA Tour Commissioner

On the 7th (local time), the PGA Tour announced, "With $3 billion (about 4 trillion won) invested by the investment consortium SSG to establish the for-profit corporation PGA Tour Enterprises, $930 million (about 1.2329 trillion won) in shares will be distributed next year to 193 players."

According to Commissioner Jay Monahan, PGA Tour players will be divided into four groups to receive shares differentially. The first group of 36 players will receive 80% of the total shares, amounting to a whopping $750 million (about 994.7 billion won). Players in the first group will be determined based on their lifetime PGA Tour career, performance over the past five years, and Player Influence Points (PIP). Expected members include Rory McIlroy (Northern Ireland), Tiger Woods, Scottie Scheffler, and Justin Thomas (all from the U.S.).

The second group consists of 64 players selected based on their performance over the past three years. They will receive $75 million (about 99.4 billion won). Kim Joo-hyung, Im Sung-jae, and Kim Si-woo are likely to be included in this group. Among players holding PGA Tour cards who do not make it into the second group, 57 players will be grouped into the third group and share $30 million (about 39.8 billion won). The fourth group of 36 players comprises senior players who played a significant role in building the PGA Tour, sharing $75 million in shares.

This money, considered a 'subsidy for acquiring shares,' will be paid annually at $100 million until 2030. Commissioner Monahan stated, "PGA Tour members will have the opportunity to become direct equity owners of the league for the first time in global sports," and promised, "We will distribute more than $1.5 billion in PGA Tour Enterprises shares to past, present, and future members."