The "war" on the golf scene is still going on. LIV Golf and the PGA Tour are not giving up on their goals. After LIV Golf provided a huge money fund for its golfers, the PGA Tour had to react and also increase the prizes for the players who perform.
Many believe that LIV Golf did a 'service' to PGA Tour players in this way. Phil Mickelson was one of the first to comment on the PGA Tour changes and stressed that the PGA Tour has a lot of money at its disposal. Tiger Woods reacted to such things at the press conference before the Hero World Cup Challenge; “No, absolutely not, no.
We took out an enormous loan during the pandemic in which that, if we had another year of the pandemic, our Tour would only be sustained for another year. So we took out an enormous loan. It worked, it paid off in our benefit, hence we were able to use that money to make the increases that we’ve made”.
- Woods said, as quoted by golfmonthly.com CBS Sports golf writer Kyle Porter also responded shortly after Woods' statement. In his tweet, he mentioned the two main actors. "Phil: “They’re sitting on $800M”.
Tiger: “We took out an enormous loan during the pandemic."
Phil Mickelson reacted: This can all be googled
What made golf fans especially happy was that Phil Mickelson immediately reacted to the tweet. The great golfer gave information about the money fund that the PGA Tour has at its disposal.
“Pga tour IRS 990 form from 2018. 1.6 billion in stocks 700 million in cash 1.15 billion in non-liquid assets. This is from the non-profit section. The for-profit section hasn’t been stated since 2012 but was more than the non-profit part at that time. This can all be googled”.