Has the PGA Tour Forgotten Former Winners? Opinion The PGA Tour recently received a large investment of $1.5 billion from several large sports team owners and is in the process of dividing much of it among current players to buy their loyalty to the PGA Tour. The tour seeking outside financing was prompted by the LIV Tour raiding top name players and signing them to guaranteed contracts. The Fenway Group, owners of the Boston Red Sox, as well as the Liverpool Football Club, along with the owners of the Celtics, Mets and Brewers, plus Arthur Blanc, owner of the NFL’s Atlanta Falcons, have invested $1.5 billion into the tour to bolster tournament purses. This huge windfall is to be distributed among 192 PGA Tour members, in an effort to keep them on the American tour. Negotiations are continuing with the Saudi Arabian Public Investment Fund, the owners of the LIV, that could bring in as much as an additional $2 billion of new investment. Does Tiger Woods and Rory McIlroy really need another $50 million windfall when they have already earned millions over their careers? It seems the tour has completely forgotten about the players that helped build the tour in the past and do not have any plan to share the wealth with retired players. The PGA Tour has always been owned by the players, but it appears that the Commissioner and his administrative officers were making all the decisions. With recent changes to the Player’s Policy Board, the players gained control and have taken a more active role in the decision-making. The current plan is to split this new investment capital among current players. Back 9 Report talked with retired PGA Tour winner, Dan Pohl about being left out of the discussions and his thoughts on the current financial arrangements of the tour. View the complete interview HERE. Insert video Thumbnail Here It appears that current day players are once again being greedy and selfish, omitting former tour members from these current negotiations and revenue disbursement. By Fred Altvater Indiana Golf Journal
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