Tiger Woods’ $800M LIV Golf Offer ‘Not Even Close’ to What Was Disclosed by Greg Norman: Report

Tiger Woods’ staunch support for the PGA Tour has raised questions about his legacy. While he has upheld every PGA supporter’s dream by turning down the LIV offer, it has reportedly cost him around a nine-figure paycheck. However, according to the latest reports, the numbers disclosed by Greg Norman were inaccurate, with the contract worth more in equity stakes rather than straight-out money!

Saudi Golf Federation CEO reveals actual details of Tiger Woods’ mammoth contract

In a candid series of discussions with The New Yorker’s Zach Helfand, Majed Al Sorour, Saudi Public Investment Fund advisor and CEO of the Saudi Golf Federation, spoke about the inaccuracies revealed by Greg Norman back in August.

Read more: LIV Caddie Rips Into PGA Tour, Laments Its Officials Who Looked at Them as ‘Disposable’

For a long time, the numbers regarding Woods’ contract were riddled with doubt and untrustworthy sources. However, LIV Golf CEO, Greg Norman, cleared all of them when he agreed to a reported incredible fee worth $800 million.

Regardless, Sorour recently claimed it was inaccurate, revealing the contract was more than just a number. “It’s not straight-out money. I never offered him that money, not even close to that,” he said. Apparently, the contract included equity deals and potential sponsorships, which all added up to the mentioned figure.

Sorour explains his business plan with LIV Golf Series

In continuation of the topic, Sorour also explained how he envisioned LIV Golf in a few years time. He informed Helfand that Saudi Arabia’s wealthy sovereign fund, the PIF, had cash reserves until 2025 for LIV Golf. By then, he envisioned a franchise model to take over the series, with the founders still playing a major part in crucial decisions.

When asked about LIV Golf’s persistent and embarrassing absence of television rights, Sorour’s answer resonated with the words of a real business owner. “If it was up to me, I’d make it in-house,” he said.

For long, popular TV executives have beaten around the bush about LIV’s appeal to broadcast their games. Some have been less ignorant though, with a famous executive citing a “long, mutually beneficial relationship with the P.G.A. Tour” as a reason for their ignorance.

However, by the looks of it, LIV Golf can create a golf channel on its website, similar to the singular NFL Network. They certainly have the capacity and possess the financial aid for the same.

Watch This Story: Dustin Johnson faces a major setback for the first time in 7 years