
The PGA Tour has confirmed details as to how it will divvy up an initial $930million in equity to players for the new for-profit PGA Tour Enterprises, with the top 36 players set to share in $750m of the grants.
Last week the Tour confirmed a deal with Strategic Sports Group (SSG), a consortium of American sports team owners that will pump $3bn into PGA Tour Enterprises - the new, for-profit wing of the Tour - now set to be valued at around $12bn.