The golfers who stayed with the PGA Tour as an alternative of taking hundreds of thousands to hitch the LIV Golf League might be rewarded with fairness shares within the new enterprise among the many Tour, the DP World Tour and the Saudi Public Funding Fund (PIF).
Jimmy Dunne, the PGA Tour coverage board member who helped dealer the landmark deal, advised ESPN that present members of the PGA may get a bit of fairness within the for-profit enterprise.
The golfers who left the PGA Tour to hitch LIV golf wouldn’t be capable to take part within the fairness plan, in line with Dunne.
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“The brand new [company] would develop, and the [current PGA Tour] gamers would get a piece of fairness that will improve and enhance in worth as time went on,” Dunne advised ESPN. “There must be some form of formulaic determination on how to try this. It will be a course of to find out what can be a good mechanism that will be actually useful to our gamers.”
The bombshell settlement was introduced on Tuesday with a aim to “unify the sport of golf, on a world foundation.”
The brand new settlement will merge the PIF’s golf-related companies, which embody LIV Golf, with that of the PGA Tour and the DP World Tour right into a “new, collectively owned, for-profit entity to make sure that all stakeholders profit from a mannequin that delivers most pleasure and competitors among the many recreation’s finest gamers.”
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Dunne will serve on the corporate’s board, in line with the ESPN report.
There have been many questions concerning the merger, together with whether or not the gamers who remained loyal to the PGA Tour can be rewarded for staying away from LIV.
On Thursday, 2022 U.S. Open winner Matt Fitzpatrick was requested his ideas on golfers who remained with the PGA Tour following the merger.
“It is clearly a troublesome query to reply. I by no means actually acquired a proper provide anyway. It wasn’t one thing I used to be eager about from the beginning,” Fitzpatrick stated, in line with Golf Digest. “I purely spoke to them purely out of being nosy as to what they’ll do, what they’ll, what is the setup going to be. So, yeah, for me it did not actually make a distinction. I used to be at all times going to be on the PGA Tour.
“Clearly for the fellows that did flip down vital quantities of cash, then that is most likely a troublesome one to swallow, and I really feel for them.”
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