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Tiger Woods was not offered billion dollar fee, Greg Norman says

Greg Norman says Tiger Woods was never offered a $A1 billion tag fee to join LIV Golf.

In an exclusive interview with foxsports.com.au On Friday, the head of LIV Golf cleared the air of reports that the 15-time major winner was offered astronomical cash on the Saudi-backed tour last year.

A figure of between $700 million and $800 million (A997m – $1.1 billion) is believed to have been offered to Woods, Norman said. The Washington Post In June.

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“(The discount was) mind-boggling; we’re talking about the high nine figures,” Norman said at the time.

But Norman went back on the record to clarify that the media had misunderstood his words.

Woods was never offered the $1 billion tag fee to join LIV Golf, Norman said.
Woods was never offered the $1 billion tag fee to join LIV Golf, Norman said.Source: News Limited

Instead, Woods was offered a much lower tag fee, with the remainder of LIV’s $A1 billion pitch coming from future ownership of one of the 12 franchises.

“To be honest, we don’t comment on any players past or current offers, but obviously the media takes information, tidbits, white noise and runs with it,” Norman said. foxsports.com.au.

“Just for clarification, I want to make sure that the numbers that have been thrown out include the future value of the franchise.

“And if you look at the numbers that are thrown out … the generational wealth that this franchise has for individual players is unbelievable.”

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“That’s how it is,” he added. Not the monetary value. We didn’t offer that monetary value to Tiger Woods. This is the reality.

It is not clear exactly what amount was provided by LIV.

In any case, Woods declined the offer and has firmly sided with the PGA Tour in its battle with LIV Golf.

This week, Woods led a meeting of select PGA Tour players to discuss the threat of LIV Golf, which has saved several major winners, including Dustin Johnson, Brooks Koepka and Bryson DeChambeau.

Open champion and world No. 3 Cameron Smith is said to be joining them soon, having inked a $140 million deal. telegraph.

Woods waves to fans at St Andrews at the 150th Open Championship last month.Source: Getty Images

‘We deserve it’

Meanwhile, LIV Golf is still trying to secure Official World Golf Ranking (OWGR) points for its events, preventing its members from slipping in the pecking order.

It has been suggested by some that LIV needs official recognition by the OWGR to establish itself as a fully qualified and professional tour.

However, Norman argues that since LIV has been attracting big names, and will continue to do so, the shoe is now on the other foot.

Asked if LIV Golf needed world ranking points to be sustainable, Norman said: “To be honest with you, I think sustainability is important to OWGR.

“LIV Golf is a proven platform with very high-level players with a very proven model that works. So I think, really, it’s up to the OWGR as an independent organization to see if LIV Golf is worthy of these ranking points with what we’ve done and what we’ve done.

LIV Golf is still trying to secure Official World Golf Ranking (OWGR) points for the events.Source: Getty Images

“We did all the right things. LIV is living with it, LIV is proving it. So it’s an independent board, an independent chairman.

“I’m confident that the LIV Golf League (from 2023) and the LIV Golf Invitational Series we’ve done today will be eligible and guaranteed OWGR points.”

LIV Golf’s next event is September 2 in Boston, followed by trips to Chicago, Bangkok, Jeddah and Miami.

Next year, the tournament will expand to 14 major tournaments – including one in Australia – while another 11 events will be held globally as part of the International Series, which runs alongside the Asian Tour.

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