Only players who remained loyal to the PGA Tour will receive equity shares in the new for-profit company formed following the merger with the LIV Golf and the DP World Tour, it has been claimed.
On Friday, PGA Tour policy board member Jimmy Dunne revealed current members will receive equity in the new enterprise based on an undisclosed formula. However, those who left for the Saudi Arabia-backed LIV Golf - including the likes of Brooks Koepka and Phil Mickelson - will not be entitled to the same opportunity.
Thew news will be a relief for Jon Rahm, Cameron Young and others who reportedly turned down guaranteed deals worth up to $100million (£80m) to stay with the traditional PGA Tour. Meanwhile, stars like Bryson DeChambeau accepted more than $125m (£100m) to defect to LIV Golf.
