Report: LIV Golf backers setting up compensation fund for PGA Tour loyalists

Rory McIlroy, Jon Rahm, Tiger Woods and more PGA Tour loyalists will be receiving millions of dollars as LIV Golf's Saudi investors are organising a compensation fund, according to a report. 

Per The Times of London, it is said the Saudis want to reward those who stayed loyal to the PGA Tour and rejected their mind-boggling offers. 

The news comes a week after PGA Tour commissioner Jay Monahan announced a 'landmark agreement' to 'unify the game of men's professional golf' by partnering with LIV's financiers, the PIF of Saudi Arabia. 

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That stunning move will see the PIF partnering with the PGA Tour and DP World Tour. The proposal is to create a new, for-profit venture with Monahan acting as the chief executive and Saudi businessman Yasir al-Rumayyan as the chairman. 

There are a number of questions about it and the 'deal' is already under scrutiny by US lawmakers. 

Monahan has now stepped away from his day-to-day duties over what has been described as a 'medical issue'.

He faced a barrage of criticism from some PGA Tour members and golf fans. McIlroy, despite acknowledging the hypocrisy from the chief executive, insisted that he still supports Monahan. 

According to FirePit Collective reporter Alan Shipnuck, Monahan is said to be 'recovering well' and eager to get back to work. 

Reported The Times:

Elsewhere according to the report, it is said LIV Golf will be 'phased out' by the end of this year and replaced with a much smaller 'team event structure'. 

Norman has insisted that he was told from the top that LIV Golf will continue over the next few years. 

A source is said to have told the paper:

McIlroy has previously been quoted as saying he believes players should be compensated. 

"The simple answer is yes," said McIlroy, before adding: "The complex answer is, how does that happen?"

Let's take a look at some of the offers PGA Tour players have rejected:

Tiger Woods

• LIV Golf offer: $700-800m

Hideki Matsuyama

• LIV Golf offer: $400m

Jon Rahm

• LIV Golf offer: $400m

Jordan Spieth

• LIV Golf offer: $125-150m

Justin Thomas

• LIV Golf offer: $100-125m

Patrick Cantlay

• LIV Golf offer: $100-125m

Xander Schauffele

• LIV Golf offer: $100-125m

Viktor Hovland

• LIV Golf offer: $100m

Will Zalatoris

• LIV Golf offer: $100m

Cameron Young

• LIV Golf offer: $100m

Take a look at this more in-depth report GolfMagic have already written

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