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2022 Challenge Tour Order of Merit

In 2022, the Challenge Tour will feature 24 events played across five weekends.

Each event offers £10,000 in prize money, with £2,000 to the winner.

2022 Challenge Tour Order of Merit Following five Events

11/02 – 11/05/2023

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Show full Leaderboard of the Rolex Challenge Tour Grand Final supported by the R&A 2023

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Tournament information - Rolex Challenge Tour Grand Final supported by the R&A 2023 - Challenge Tour

The Rolex Challenge Tour Grand Final supported by the R&A in the season 2023 is being played in Port d'Alcúdia, Mallorca, Spanien at the Club de Golf Alcanada. The tournament starts at the Thursday, 2nd of November and ends at the Sunday, 5th of November 2023.

The Rolex Challenge Tour Grand Final supported by the R&A is part of the Challenge Tour in the season 2023. In 2023 all players competing for a total prize money of 500.000 €.

The course for the tournament at Club de Golf Alcanada plays at Par 72.

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European Tour - Career Money List

List of players who are, or have at any time in their careers been, members of the European Tour, compiled during each Official Season . Total prize money earned in a member's career from 31st December 1984 to the present day DP World Tour .

From the start of the 2005 Official Season a player must be in Membership and feature in the final DP World Tour Rankings for earnings to be credited to him.

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Langasque & Söderberg take opening lead in China

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Golf Challenge Tour Scores, Leaderboard

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Golf Challenge Tour

Challenge Tour unveils 2023 schedule with record-breaking prize fund and 29 events

11.26am 15th December 2022 - Sponsorship & Events

The European Challenge Tour has announced its schedule for 2023, with Europe’a second tier tour set to feature a record overall prize fund and a minimum of 29 tournaments staged across three continents in 18 different countries.

Players will compete for total prize money of €8.2m, which will begin with the Bain’s Whisky Cape Town Open in February, the first of four co-sanctioned events with the Sunshine Tour in South Africa.

India returns as a host country for the first time since 2013 with two events in March, the Duncan Taylor Black Bull Challenge followed by The Challenge presented by KGA.

The Challenge Tour also returns to the UAE in April for the first time since 2018 with back-to-back events, including the Abu Dhabi Challenge, as part of the European Tour group’s long-term partnership with the Emirates Golf Federation.

It will then head to Spain in May for the Challenge de España, which will kick-start a run of 20 tournaments in 22 weeks and see the Road to Mallorca travel through 15 countries in Europe, including Italy for the Italian Challenge at Golf Nazionale, the venue which will then host the first two days of the 2023 Junior Ryder Cup in September.

The 2023 season will conclude with the Rolex Challenge Tour Grand Final supported by The R&A, at Club de Golf Alcanada from November 2-5, as the top 45 players on the Rankings battle it out for one of the life changing 20 DP World Tour cards.

Those 20 players who benefit from this formal pathway to the DP World Tour will then be eligible for the DP World Tour’s Earnings Assurance Programme, guaranteeing them minimum earnings of $150,000 for the 2024 season if they play in 15 or more events. The top five graduates will also benefit from the John Jacobs Bursary, similarly designed to provide security and a strong platform for their first season on the European Tour group’s top tier.

T he full Challenge Tour schedule for 2023 can be viewed by clicking  here .

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Leading money winners on DP World Tour for 2023 season. List of tournament results and prize money won for each player from 2023 tournaments.

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Hero World Challenge Prize Money Payout 2023

Tiger Woods makes his long-awaited comeback at a tournament he hosts, as the field of 20 competes

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Hero World Challenge Prize Money Payout

Who are the star names in the hero world challenge.

When Tiger Woods limped out of The Masters during the third round at Augusta National , it seemed inevitable he would face a spell on the sidelines, and that was confirmed days later when it was revealed he had undergone ankle surgery.

At that point, we could only speculate as to when he would return, but we now know the answer. After stepping up his preparations in recent weeks, he will take his place in the field of 20 for the Hero World Challenge , which is hosted by the 15-time Major winner and is a benefit for the Tiger Woods Foundation.

The tournament is an unofficial PGA Tour event, and while it counts towards world ranking points, it doesn’t offer FedEx Cup points. Meanwhile, even though there is still prize money available, it is not included on the money list.

The purse is considerably smaller than most PGA Tour events, at $4.5m, but that still dwarfs the money on offer at two of the world’s most revered national opens taking place on the DP World Tour at the same time -  AUD$1.7m at the ISPS Handa Australian Open and $1.5m at the Investec South African Open Championship.

The winner of the event at Albany in the Bahamas will earn $1m, while the runner-up will claim $350,000. There is no cut at the tournament, meaning there will even be prize money of $100,000 for the player finishing last.

Below is the prize money payout for the Hero World Challenge.

The field may be small, but it’s packed with quality. As well as Woods are six of the world’s top 10 – 2022 champion Viktor Hovland , World No.1 Scottie Scheffler , Max Homa , Matt Fitzpatrick , Open champion Brian Harman and Wyndham Clark, who won this year’s US Open at Los Angeles Country Club .

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Viktor Hovland defends his title

That number would have been eight were it not for the withdrawals of US Ryder Cup dup Patrick Cantlay and Xander Schauffele . However, the two drafted in to replace them are hardly unknowns. Former US Open champion Justin Rose and Lucas Glover, who claimed victory at both the Wyndham Championship and FedEx St. Jude Championship in August, play instead.

Other big names include two-time Major winners Collin Morikawa and Justin Thomas , Jordan Spieth , who has three Major wins, six-time PGA Tour winner Rickie Fowler and Will Zalatoris, who  returns to action at this week's event after seven months out .

How Many Golfers Are In The Hero World Challenge?

The Hero World Challenge features 20 of the world's best players. That's an increase of four from the 16 who took part between its inception in 2000 and 2008, before the size of the field increased to 18. Some of the world's biggest names are taking part, including Tiger Woods, Scottie Scheffler, Viktor Hovland and Jordan Spieth.

What Is The Hero World Challenge?

The Hero World Challenge is an unofficial PGA Tour event hosted by Tiger Woods, which benefits the Tiger Woods Foundation and raises funds to support young people globally. The tournament features a field of 20 who compete over four days of stroke play. There is no cut at the tournament.

Mike has over 25 years of experience in journalism, including writing on a range of sports throughout that time, such as golf, football and cricket. Now a freelance staff writer for Golf Monthly, he is dedicated to covering the game's most newsworthy stories. 

He has written hundreds of articles on the game, from features offering insights into how members of the public can play some of the world's most revered courses, to breaking news stories affecting everything from the PGA Tour and LIV Golf to developmental Tours and the amateur game. 

Mike grew up in East Yorkshire and began his career in journalism in 1997. He then moved to London in 2003 as his career flourished, and nowadays resides in New Brunswick, Canada, where he and his wife raise their young family less than a mile from his local course. 

Kevin Cook’s acclaimed 2007 biography, Tommy’s Honour, about golf’s founding father and son, remains one of his all-time favourite sports books.

There’s another eye-catching prize money payout available at the second LIV Golf event in a week at Sentosa Golf Club

By Mike Hall Published 1 May 24

Nike produce a wide variety of golf shoes and, in this piece, Matt Cradock takes the Air Max 1 '86 OG G to the course to find out what the performance is like

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The 15-time Major winner has explained why he is determined his new brand's logo won't stay as it is for good

Woods' new brand launched in February and has now made its products available to buy in certain countries only - with a handful of items selling out almost immediately

By Jonny Leighfield Published 1 May 24

The 15-time Major champion talked about a variety of topics on The Tonight Show - including The Masters, his first-ever Ace, and his new clothing brand

Charlie Woods carded a nine-over-par round in local qualifying to miss out on one of five spots into final qualifying

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The 15-time Major champion is set to be rewarded handsomely for sticking with the US-based circuit

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Tony Romo spoke highly of his good friend Scottie Scheffler, comparing him to Tiger Woods and Jack Nicklaus

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Ted Scott is earning some serious money this year as Scheffler continues to dominate the world of men's pro golf

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The 15-time Major winner has revealed the three players to compete alongside him in the delayed TGL next year

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2024 Zurich Classic of New Orleans final results: Prize money payout, PGA Tour leaderboard and how much each golfer won

The 2024 Zurich Classic of New Orleans final leaderboard is headed by winners Rory McIlroy and Shane Lowry , who top the PGA Tour leaderboard this week and with a win at TPC Louisiana in Avondale, La.

McIlroy and Lowry won the two-man team event after they finished tied in regulation on 25-under 263 with Martin Trainer and Chad Ramey, who finished two hours ahead of the Irish duo.

In the playoff hole, played in the alternate-shot format, McIlroy and Lowry made a par on the par-5 18th to the Ramey and Trainer team bogey to win the title.

Garrick Higgo and Ryan Fox finished in solo third, a shot out of the playoff.

McIlroy and Lowry won the $2,572,100 winner's share of the $8,900,000 purse.

Zurich Classic of New Orleans recap notes

McIlroy and Lowry earned no Official World Golf Ranking points with the win in the 72-hole stroke-play championship, as team events do not allow for OWGR points.

McIlroy and Lowry earned 400 FedEx Cup points each, with the PGA Tour points offered at the combined standard level for this event.

A total of 80 (of 160) players finished the tournament after a 36-hole cut was made in this team event.

The 2024 PGA Tour schedule continues next week with the 2024 The CJ Cup Byron Nelson .

2024 Zurich Classic of New Orleans final leaderboard, results Pavond prize money payouts

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Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for nearly 20 years. Ballengee lives in the Washington, D.C. area with his family. He is currently a +2.6 USGA handicap, and he has covered dozens of major championships and professional golf tournaments. He likes writing about golf and making it more accessible by answering the complex questions fans have about the pro game or who want to understand how to play golf better.

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Nelly Korda Wins Fifth Consecutive Title at The Chevron Championship

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THE WOODLANDS, Texas — Nelly Korda collected her fifth straight LPGA Tour victory on Sunday at The Chevron Championship at The Club at Carlton Woods in The Woodlands, Texas in dominant fashion, winning by two shots over Maja Stark.

Korda finished the last seven holes of her third round on Sunday morning, parring in to post a 3-under 69 and sit in a tie for second alongside Brooke Henderson, one shot back of 54-hole leader Haeran Ryu.

Starting her final round just a couple of hours later, Korda parred the first two holes while her groupmates faltered, picking up a pair of back-to-back birdies on holes three and four to lead by two shots over 2024 LPGA Tour rookie Jin Hee Im at 12-under. The 25-year-old grabbed another birdie on the par-5 8th hole to get to 13-under overall, parring the ninth hole to turn in 33 with a three-shot advantage.

Korda made another birdie on the par-4 10th hole to move to 14-under overall before making her first bogey of the round on 11 to drop back to 13-under, the first shot Korda had given back to the field since she bogeyed the 7th hole on Friday.

Meanwhile, Lauren Coughlin was charging up the leaderboard, making birdies on holes 10 and 11 ahead of Korda to get within two shots of the lead. But she gave Korda a little breathing room after making bogeys on 16 and 17, and with just a handful of holes to play, Korda held a four-shot lead.

But the 12-time LPGA Tour winner stumbled again with a bogey on the par-5 15th hole, and after Coughlin made a bounce-back birdie on the par-5 18th hole to post at 10-under total, Korda held a two-shot lead with three holes to play at The Club at Carlton Woods.

After parring the 16th hole, Korda nearly dunked her tee shot on the par-3 17th hole for an ace, ultimately two-putting for par to lead by two shots with just 18 standing between her and the Dinah Shore Trophy.

But Stark wasn’t going to go quietly. After sitting at 9-under and pretty much out of the conversation for majority of the back nine, the Swede birdied the 17th hole and nearly pitched in for eagle on the par-5 18th hole, tapping in for birdie to post at 11-under, now just one shot back of Korda with one hole to play.

Korda wasn’t fazed though, piping her drive down the middle of the fairway and then putting her second shot on the back fringe, sitting within 30 feet of the hole for eagle. She ran her eagle try by just a couple of feet, handily making the nervy come backer for birdie to win her second major title and first since the 2021 KPMG Women’s PGA Championship with a four-day total of 13-under.

“It's just been a crazy, crazy, crazy couple of weeks, with some really solid golf. I can finally breathe,” said a shivering Korda in her winning press conference, still damp from her leap into the lake by 18. “I was really nervous on that back nine. I really, really wanted this win. It feels amazing to get it.

“My first-ever major, competing in a major, was at the U.S. Women's Open at Sebonack, and that was when I dreamt of winning major championships. To have two under my belt now is a dream come true.”

With her 13th career victory, Korda is now the 31st different American to earn 13 or more wins on the LPGA Tour and is the 52nd player ever to win two or more major titles, becoming the ninth player in LPGA Tour history to win at least both the KPMG Women’s PGA Championship and The Chevron Championship.

She joins Nancy Lopez and Annika Sorenstam as the only other player since 1978 to win five consecutive titles and will have a chance to top that pair next week as Korda is currently scheduled to play in the JM Eagle LA Championship presented by Plastpro.

But that’s a tomorrow Nelly concern. For now, she’s just going to soak in this moment, one for which she’s waited quite some time, and finally take a deep breath as her history is finally made.

“I'm going to enjoy this right now, and then I'll think about that,” smiled Korda. “It's been an amazing time. Hopefully, I’ll keep the streak alive. But I've been so grateful to compete week in and week out and get the five in a row.”

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How much is PGA Tour loyalty actually worth? Pros find out this week

Jordan Spieth and Scottie Scheffler wait on a tee box during The Sentry earlier this year.

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The official word arrived on the last day of January, but it was not exactly news. The PGA Tour had finalized a deal with the Strategic Sports Group for an immediate investment of $1.5 billion into a new, for-profit entity named PGA Tour Enterprises. The names involved were not new — the likes of Steve Cohen, John Henry, Fenway Sports Group, etc., had been reportedly interested for months — but one major addendum was: an equity program.

Now, about three months after the announcement, PGA Tour players are about to find out what their loyalty has been worth. On Wednesday, Tour members will receive an email notifying them of the current value of award grants this program has earmarked for them, be it tens of millions of dollars, or none at all. The 193 eligible recipients will receive a letter from Tour commissioner Jay Monahan, who is the CEO of PGA Tour Enterprises, explaining the number of equity units they receive and the fair market value of said equity. The Tour intends to keep the list of award recipients confidential.

“It’s really about making sure that our players know the PGA Tour is the best place to compete and showing them how much the Tour appreciates them being loyal,” Jason Gore, the Tour’s chief player officer, said in one of six informational videos the Tour produced for the membership. The videos, which were shared internally with Tour pros and their representatives, were accompanied by infographics, all of which were reviewed by GOLF.com.

In the age of LIV Golf offering mega-millions in contracts to elite golfers, these figures matter, particularly for PGA Tour loyalists who passed on lucrative guaranteed contracts that would be worth more than PGA Tour Enterprises equity could ever offer them.

How much players decide to talk about their individual equity will be up to them, but as you will read below, the total value of each grant differ by player. On the day that specific criteria was announced, it was a hot topic among players.

Which equity group am I in? Wait, which equity group is he in? 

So, how does it work? 

The Tour has announced these equity grants under one specific word: opportunity. Xander Schauffele will not receive a life-size, $50 million check. Players will not see their bank account immediately increase. (In fact, as we’ll explain below, it will take quite some time before that happens.) They will strictly receive a capital interest award for a specific piece of PGA Tour Enterprises. Based on a myriad of factors, players will be ranked via a specific number of “membership units,” akin to stake in a company, the value of which will vest over a specific amount of time. High-performing players will receive a greater stake in PGA Tour Enterprises, which will be home to the Tour’s commercial operations. That’s where SSG’s money is going, which they hope will increase in value of over time. 

How much value are we talking? 

Even if 193 players receive grants, they will not be shared equally. Nick Taylor and Tiger Woods are not going to receive the same cut. The recipients are sectioned into four groups, with Group 1 seeing $750 million in value doled out to 36 players. That’s a little more than 80% of the prize going to just a few dozen pros, which grabbed headlines when it was first reported . In this group will be the kind of players who have rated well in the Player Impact Program, won many tournaments, and won important tournaments — like Signature Events or player-hosted invitationals — with an emphasis on the last five years. 

Why should players own the PGA Tour? This guy knows better than most

A major factor in determining who is in Group 1 and who isn’t was a metric called Career Points, which emphasizes consistency as a Tour member and success throughout a player’s career. Players receive points based on the amount of years they were a PGA Tour member (playing in 15+ events), the amount of times they reached the Tour Championship, their amount of official Tour victories and even extra points for prominent victories (majors, Players Championships, WGCs, FedEx Cup titles, etc.). 

For example, some back-of-the-envelope math tallies up 528 Career Points for Woods, and just 199 for Rory McIlroy. Jordan Spieth and Justin Thomas have both accrued a similar number just shy of 100. All four players are expected to be part of Group 1 and will all receive significant awards, but the difference in Career Points is expected to derive some difference in the value. Bottom line: Woods will receive the greatest grant valuation (potentially by a wide margin) and McIlroy’s will be second.

What if you’re not a premier player? 

The PGA Tour is successful because of those top 36 players, but it is rooted in the existence of many other members who back-fill the fields of the biggest stages in golf, week-in and week-out. An extra $75 million of value will be issued to a total of 64 players considered “steady performers and up-and-comers.” The individual totals of those grants will pale in comparison to the Group 1 grants, and will be based on FedEx Cup points earned over the last three years. Finally, Group 3 members, a total of 57 players, will earn from a pile of $30 million based on tournaments won, career money and number of times finishing in the top 125 of the FedEx Cup. And Group 4 members, who are considered “past legends,” will see 36 players receive their share of $75 million in equity based, again, on Career Points. 

Recipients must be ELIGIBLE

This rules out LIV golfers from earning any of the initial grants, despite some of them helping build the Tour into what it is today. In an alternate universe, Phil Mickelson would have earned the second-highest award grant (behind only Woods), but he will receive nothing because he is not eligible. He is a lifetime member of the PGA Tour but has incurred hefty suspensions from his involvement with LIV Golf. (It is worth wondering: Does this injection of investment and new, for-profit company exist without Mickelson’s help forming LIV Golf? Probably not.)

Even in a world where the PGA Tour comes to an agreement with the Saudi PIF on further investment, this chunk of value will be earmarked for the 193 players who built the popularity of the Tour and continue deriving future value for it, all while remaining loyal. Does it include space for a grant for players like Chesson Hadley, who last June stated he would like to be rewarded for his decision to stay loyal? Hadley has won zero times in the last decade, so he would be hoping for one of the 57 Group 3 grants, which isn’t necessarily likely.

Another important point of eligibility is that recipients must be living. Thirty-six players will receive “Past legends” grants, which cannot be awarded posthumously. Jack Nicklaus is bound to receive a grant. Arnold Palmer cannot.

Players must WORK to receive their grant value

It’s going to be a long time before any Tour players receive the monetary value from these equity grants. The initial grants will vest on an eight-year timeline with multiple checkpoints: 50% of the grant value will vest after four years, with an extra 25% vesting after six years and the final 25% vesting after eight years, but only if players follow the rules. In a world where the PGA Tour and the Saudi PIF do not come to an agreement, Tour players who would leave for LIV (or other unauthorized events) will forfeit any unvested equity.

For the equity to vest, players must “provide services” each year of the vesting schedule. For most, those services are simple: just play PGA Tour events. Fully-exempt players who play 15 or more Tour events annually will meet that year’s requirement. Competing on the Korn Ferry and Champions tours also suffices, with DP World Tour events being approved on a case-by-case basis. In other words, if a fully-healthy McIlroy plays 14 Tour events and the BMW PGA Championship (a marquee event on the DP World Tour), he would need an approval for that final event to count as one of his 15. (It probably would.) 

But what if, say, McIlroy strains an oblique before reaching his 15-event threshold in 2027? He (and players in similar situations battling injuries or lacking Tour status or being over the age of 60) could make up for an under-15-event total by performing a Service Event. Things such as meeting with Tour sponsors or filming a documentary with the Tour, all of which are approved by the Tour. (There is some slight wiggle room in these requirements, where a player could make up for falling just short one year by doing more in the following year.) Even if the nuts and bolts of this program can be complex, the Tour has tried to make it simple: play your golf, and your equity will vest. If life changes and circumstances arise, there are other ways to meet requirements.

Players cannot cash out for years (and they will be taxed)

Players can sell their equity only when it is vested, but they will also be taxed on those vesting dates.

Lance Stover, senior vice president of New Ventures at the Tour, explained a bit of the dollars and cents on the final educational video: “As with all forms of compensation … at each vesting milestone [years 4, 6 and 8 after the initial grants], players will be responsible for paying federal and state income taxes at ordinary income tax rates on the fair market value of the vested awards at the time of vesting.” So players will begin to be taxed on the value of their equity four years from now.

Importantly, the implication — of both the investment from SSG and from equity dished to players — is that PGA Tour Enterprises will continue to increase in value as the Tour moves forward. Almost all major sports leagues and franchises have seen their valuations skyrocket in recent years, and there’s little reason to suggest the PGA Tour would experience anything different, even if TV ratings have dipped in the first part of 2024.

The initial SSG investment valued the PGA Tour at $12.3 billion, and there is clearly still room for future investment from the Saudi PIF . The Tour’s television rights deal runs through 2030, but negotiations for the next deal will begin in just a few years. All of these things can impact the valuation of PGA Tour Enterprises at the point at which player equity would vest.

But wait! There’s more equity

Keen observers will note that these initial grants are devoted only to those who have made the Tour the best place for pros to compete in the world. But what about those who will continue making it the best place for competitive golf? More grants are on the way.

Beginning in 2025, each PGA Tour season will see additional grants awarded to the top performers on Tour — $100 million in grant value will be issued to roughly 20 players each year, based on Career Points (explained above) and Player Impact Program results that year. So someone like, say, Ludvig Aberg , who didn’t play on the PGA Tour during many of the years that formed this initial grant offering, will likely fare well with good performances in the years to come.

The OTHER big idea here 

The PGA Tour wants players to be rewarded for their loyalty, to maintain that loyalty, but also to begin thinking like an owner. Like player-owners, who are focused on the Tour with the actions they make and the words they say. The Tour wants all its constituents rowing in the same direction, and they figure this program should help inspire that shared mindset.

“Owners are motivated to think beyond their personal performance week-to-week and year-to-year,” Gore said in one of the videos. “They have a broader perspective of how their actions can impact the long term health and performance of the Tour in a positive way. One that meets the needs of our fans at every turn. It’s no longer a what’s in it for me as much as it should be what’s in it for the growth of the Tour, which of course could bring more equity value to the players in the long run. It’s a virtuous cycle if we can get it right.” 

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Pga tour lays out how the player equity program will work.

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In February, PGA Tour commissioner Jay Monahan introduced the rough outline of the Player Equity Program, a vesting plan for the circuit’s new for-profit arm that will carve up a hefty portion of the initial $1.5 billion investment from Strategic Sports Group. On Wednesday, players were given a more detailed version of the program, PGA Tour chief competitions officer Tyler Dennis confirmed on “Golf Central.”

The initial player equity grants will be approximately $930 million distributed to 193 players via four categories, starting with the game’s stars. Monahan informed players on Wednesday via a letter of their individual grants.

“There’s no other sports league in the world that has this significant number of their athletes as owners of their own sports organization,” Dennis said.

“We want to grow the PGA Tour in many different ways and having the alignment of players as player-owners with the organization is going to allow us to drive that quickly forward.”

The first group includes 36 players receiving $750 million in equity based on the last five years of play. “Career Points” will be awarded based on how many years a player has been a Tour member, how many times they earned a spot in the Tour Championship and how many times they have won, with extra points awarded for high-profile victories like the majors, The Players Championship and the FedExCup.

Group 2’s share of the initial equity will be much smaller ($75 million) and will be granted to 64 players. The group is considered “steady performers and up-and-comers” and will be based on FedExCup points earned over the last three years.

Equity to Group 3 will be $30 million going to 57 players based on career earnings and how many times a player finished inside the top 125 in FedExCup points.

The final group will include “past legends,” like Jack Nicklaus and Tom Watson, with $75 million going to 36 players based on the “Career Points” formula. Those grants will only be awarded to “past legends” that are living.

Perhaps most important to players will be the program’s eight-year vesting period. The grants will be worth 50% of their value after four years, 75% after six and 100% after eight years, when a player will be able to sell their equity in PGA Tour Enterprises, the for-profit arm the Tour created for the program. At each vesting benchmark players will be responsible to pay taxes on the grants.

The program has been created to encourage loyalty to the Tour in the face of ongoing challenges from LIV Golf, and the requirements of maintaining membership (which includes a minimum of 15 starts each year) would mean players who join LIV Golf would not be eligible for the program or would give up any unvested equity if they were to join the rival circuit.

“We want the players to be fully aligned with their organization,” Dennis said. “It’s something no other sport has done before and we’re seeing an incredible amount of excitement about that.”

SSG valued the PGA Tour at $12.3 billion when the group, which is led by Fenway Sports, became a minority investor and the assumption is that valuation will continue to increase like most professional sports franchises in the United States.

The remainder of the initial $1.5 billion investment (roughly $600 million) will be awarded in recurring player grants of $100 million each year, beginning in 2025 through 2030. These grants will be awarded based on performance and Player Impact Program results with an eye toward young talent, like Ludvig Åberg or Nick Dunlap.