Rory McIlroy Admits, Tiger Woods’ “Tour Doesn’t Financially Need PIF” Remarks Left Him Confused

Tiger Woods recently spoke about how the merger of the PGA Tour and PIF, is not at all necessary at the moment. The US-based Tour has already been backed up by SSG’s $3 billion deal. However, Rory McIlroy was not expecting Woods to echo the same statement as Jordan Spieth. The Irishman prefers the growth of the players and the tour. 

Earlier, Jordan Spieth claimed that this topic is “not even worth talking about”. Why? because SSG allows the Tour to go forward and function without incorporating any major changes. However, McIlroy had a chat about it with former No. 1 Woods. Are Mcllroy’s suggestions in favor of the growth of the PGA Tour?

Mcllroy’s disagreement with Woods’s remark

Lately, Tiger Woods and Rory Mcllroy have been on the same page to see the circuit as a part of the golf world. But, Tiger Woods’s comment in a press conference at Riviera, put Mcllroy in doubt. Woods stated that even without the sum PIF has to offer, the PGA Tour is capable of improving its product in both the short and the long term.

He added, that they still welcome PIF as a part of the tour but financially they don’t need it right now. The Irishman stepped forward and discussed this subject with Woods at Genesis. “How is the TOUR going to grow and go from two and a half billion in revenue to four billion? We’re all part of the business now. We’ve all got these equity grants, so how do we make that equity grow so it benefits the players.” stated Mcllroy. 

Read more  –Tiger Woods Bluntly States PGA Tour Doesn’t ‘Financially’ Need PIF’s Big Bucks- LIV Merger Still In Cards

McIlroy supported the idea of the LIV players returning to the PGA Tour without a penalty. However, Tiger Woods did not show interest in accepting McIlroy’s plea to welcome LIV Golfers back to the PGA Tour. Woods denied the fact stating that there was no answer to this in particular.

How is the PGA Tour going to grow?

The associated financial backup SSG, a big-shot investor led by Fenway Sports Group, has provided a flow of $3 billion to the PGA Tour on an 11% stake. With this agreement, players are set to receive equity in the newly formed PGA Tour Enterprises. A budget of $750 million will be assigned to the top 36 players based on their last 5-year performance, and the Player Impact Program. $75 million is reserved for the next 64 players and $30 million for the players who have fully-exempt PGA Tour cards. This looks quite tempting and may help the PGA Tour in its further repair.

However, The PGA-PIF merger discussion is still not completely on track. The long-awaited decision is expected to be finalized by April 2024. The bond between these two will explain the “how” in the growth format of the PGA Tour. 

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