Golf’s Saudi investors are ‘creating a compensation fund to reward players who stayed loyal to the PGA Tour battling LIV’…with the likes of Rory McIlroy and Tiger Woods poised for BIG payday
- Some PGA Tour players turned down millions when they were offered a spot on the LIV tour
- It has now been reported that they will receive compensation from the Saudis’ PIF
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The PGA Tour players who stayed loyal and turned down lucrative offers from LIV will, according to reports, be rewarded by the same people who tried to lure them away.
The golf world was thrown into chaos last week when it was announced that Saudi Arabia’s Public Investment Fund would merge with the PGA Tour, bringing together two sides that had been at war for the past year.
While it is still unclear what the sport will look like after the partnership, That reports The Times that there are plans to reward the PGA Tour players who will not bow to the Saudi millions being offered to them.
The report claims a ‘compensation fund’ is being created for the likes of Tiger Woods, Rory McIlroy and Jon Rahm, which will give them some of the money they missed by not joining the LIV Golf tour breakaway .
The plan allows the likes of Phil Mickelson, Brooks Koepka and Lee Westwood – who left the PGA for LIV – to keep the money they also received, while also giving the PGA’s top players significant cash to pay their financial rewards. increase’. .
Saudi Arabia’s PIF ‘will compensate PGA Tour loyalists who rejected a switch to LIV Golf’
The likes of Jon Rahm (pictured) line up for a huge payday after missing out on LIV’s money
Specific numbers have not yet been released and players are still in the dark as they meet at the Los Angeles Country Club for the US Open this week.
The future of LIV Golf is also in doubt, with sources close to The Times claiming it ‘will be phased out by the end of this year’ to make way for one all-consuming tour with all players back under the same roof.
Speaking to the media last week, McIlroy was asked about the possibility of rewarding the loyal PGA Tour players.
In response, he said, “The simple answer is yes. The complex answer is: why is that? That’s all a gray area and is currently up in the air. It’s hard for me not to feel… a little like a sacrificial lamb.”
PGA Tour commissioner Jay Monahan will be the CEO of the new golf venture, with PIF Governor Yasir Al-Rumayyan – chairman of Newcastle United in the Premier League – chairing the operation.
It was revealed late Tuesday that Monahan is stepping down from his current duties as he recovers from an unspecified ‘medical situation’, on which there are currently no further details.
The Tour commissioner, who has come under heavy scrutiny following the merger with Saudi Arabia’s sovereign wealth fund, has temporarily handed over his responsibilities to chief operating officer Ron Price and executive vice president Tyler Dennis.
McIlroy had described himself as a “sacrificial lamb” for having been a defender of the PGA tour
PGA Tour Commissioner Jay Monahan has distanced himself from the pressurized entity with an unspecified medical issue
While no details have been provided about the nature of the 53-year-old’s condition, the situation comes at a time when his standing is being questioned by players on his tour.
A joint statement from Monahan and the Tour’s Board of Directors read: “Jay Monahan has informed the PGA TOUR Board of Directors that he is recovering from a medical condition.
“The board fully supports Jay and appreciates everyone’s respect for their privacy.
“During Jay’s absence, Ron Price, Chief Operating Officer, and Tyler Dennis, Executive Vice President & President, PGA TOUR, will be managing the day-to-day operations of the PGA TOUR with the help of the amazing team Jay has built. seamless continuity. We will provide further updates as needed.”