Woods, McIlroy to receive loyalty payouts from PGA Tour

CASH INJECTION: Tiger Woods and Rory McIlroy. Pic: Christian Petersen/Getty Images

Tiger Woods and Rory McIlroy are among the golfers expected to be given equity in PGA Tour Enterprises as a thank you for sticking with the Tour instead of jumping to rival LIV Golf, the Telegraph reported on Wednesday.

Woods will receive a $100 million and McIlroy a $50 million stake in the newly-formed enterprise for not taking lucrative offers from the Saudi-backed LIV as merger negotiations between the two circuits continue to drag on.