"PGA Tour Allocates $1.5 Billion in Player Equity Grants and New Funding"
The PGA Tour is set to issue $930 million in initial player equity grants as part of its new partnership with Strategic Sports Group, with the grants being awarded to four groups of players. The grants will be based on various performance criteria and will vest over time, with additional recurring grants planned through 2030. The Tour plans to communicate the details of the equity program over the next few weeks, with a focus on compliance with legal and regulatory requirements.
