Golfers who remained committed to the PGA Tour, declining lucrative offers from LIV Golf, could be rewarded with equity shares in the newly formed entity encompassing the PGA Tour, DP World Tour, and the Saudi Public Investment Fund (PIF). Jimmy Dunne, a PGA Tour policy board member instrumental in the deal, revealed to ESPN that current PGA Tour members might receive a stake in the for-profit venture.
This equity participation, however, would exclude golfers who defected to LIV Golf. Dunne explained that the value of this equity would appreciate over time, offering a significant financial benefit to loyal PGA Tour members. The specifics of the equity distribution are yet to be determined, with a fair and beneficial mechanism being the goal.
Announced Tuesday, the surprising agreement aims to unify global golf. The new entity will combine the PIF's golf-related assets, including LIV Golf, with the PGA Tour and DP World Tour. This for-profit structure seeks to benefit all stakeholders, promising increased competition among the world’s top golfers.
Dunne will hold a position on the company's board. The merger has raised questions, particularly concerning compensation for players who remained loyal to the PGA Tour amidst the LIV Golf disruption. 2022 U.S. Open champion Matt Fitzpatrick addressed the issue, expressing empathy for those who declined substantial offers from LIV Golf, acknowledging the difficulty of the situation.
Fitzpatrick himself stated he never seriously considered the LIV Golf offer, driven primarily by curiosity about their plans. His commitment to the PGA Tour remained unwavering.
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