‘PGA Remaining’ Woods to Receive $100 Million Bonus

Success Contribution Reward Program 'Large Payment'
McIlroy to Receive $50 Million Equity Distribution
Top 36 Players in Group 1 Scheduled for Performance Bonuses

Tiger Woods (USA), a 'PGA legacy player,' will receive a $100 million (approximately 137.8 billion KRW) bonus.

Tiger Woods

On the 24th (local time), the British daily The Telegraph reported that PGA Tour Enterprises will grant $100 million to the 'Golf Emperor' Woods and $50 million (approximately 68.9 billion KRW) in equity to Rory McIlroy (Northern Ireland), who is ranked second in the world. PGA Tour Enterprises is a for-profit entity of the PGA Tour established with a $3 billion (approximately 4 trillion KRW) investment from the investment consortium SSG.

Woods and McIlroy received large equity stakes as a token of appreciation for remaining with the PGA Tour instead of transferring to LIV Golf, which is sponsored by Saudi Arabia's sovereign wealth fund PIF. PGA Tour Enterprises plans to operate a program that rewards players who have contributed to the success of the PGA Tour. The initial player (Group 1) profit-sharing fund totals $930 million (approximately 1.3 trillion KRW). Most of this money will be distributed to the top 36 players based on performance.