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Tiger Woods takes on new, more powerful role in PGA Tour hierarchy WPXI [Video]

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Venture Capital

Tiger Woods’ impact on the course is rapidly diminishing. But his impact on the future of golf is growing at an exponential rate. Woods is one of the key figures in the PGA Tour’s newly created for-profit venture, PGA Tour Enterprises, established in conjunction with major investor Strategic Sports Group.

The Tour has spent most of the last two years trying to defend itself from the existential threat of LIV Golf and the vast wealth of Saudi Arabia’s Public Investment Fund. PGA Tour commissioner Jay Monahan’s decision to ally with, rather than continue to fight, the PIF last summer enraged Tour players. The agreement was made with no input from, and almost no notice to, the Tour’s players, including Woods.

The players, led by Woods, flexed their muscle and called for more transparency into the Tour’s operations, as well as a voice in the Tour’s future direction. Combined with the $1.5 billion investment from SSG, …

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