Tiger Woods heaped reward on the staggering $3billion (£2.4bn) funding deal between Strategic Sports Group (SSG) and the PGA Tour. The 15-time main champion thanked SSG for ‘believing in our sport’ as he hailed the potential progress amid the continued battle with LIV Golf.

On Tuesday night, negotiations between the PGA Tour and SSG - a bunch fronted by Liverpool proprietor John W. Henry - have been accomplished and the deal was introduced the next morning. SSG dedicated to an instantaneous money injection of $1.5b (£1.2bn), and there may be the potential for that funding to double over time.

New York Mets proprietor Steven A. Cohen and Atlanta Falcons proprietor Arthur Blank are additionally a part of the mega funding group. The take care of SSG is immense and can give nearly 200 PGA Tour members the chance to carry equiry in PGA Tour Enterprises as a part of a reward for staying loyal and shunning LIV Golf.

Merger talks between the PGA Tour and LIV Golf stay ongoing, though they're at the moment affected by US Government intervention. Since the arrivial of LIV Golf, PGA Tour commissioner Jay Monahan has been the topic of loads of ire - however Woods threw his backing behind the Tour in a convention name with tour executives and new buyers dialled in.

On the convention name with the PGA Tour following SSG’s funding, Woods mentioned: “Hey everyone, this is Tiger Woods. Just wanted to say thank you, SSG, for believing in us and believing in our sport. Believing in the potential growth that we could enjoy together. Golf is an amazing sport. It has allowed communities to heal and grow. And we, as a team, are going to offer that according to what we believe is the true compensation and meritocracy that our sport has been built upon for all these years.”

He added: “As has been described earlier, as the Tour grows, we grow. So the more we invest into the Tour, the more we get the benefits of it. Which has never been - it’s never happened in sports history. So we’re the first. Exciting for me to be able to be part of that.”

Woods has made quite a lot of feedback and strikes to help the PGA Tour within the battle with LIV Golf. Last summer time, Woods and McIlroy introduced the plans for The Golf League (TGL), the place quite a lot of the PGA Tour’s greatest names have signed to play on six completely different groups: Atlanta Drive GC, Boston Common Golf, TGL New York, TGL San Francisco, Jupiter Links GC, and LAGC.

Following the tip of the 15-week season, the league's prime 4 groups will compete within the playoffs to win the 2023 title. The matches shall be performed on the state-of-the-art SoFi Center at Palm Beach State College, with pictures being struck right into a simulator display screen.

Meanwhile, Woods is at the moment recovering from surgical procedure to arrange to participate within the 2024 season. He performed within the Hero World Challenge within the Bahamas in December, ending 18th, and he's anticipated to tee it up at Riviera Country Club for The Genesis Invitational on 15 February.