The PGA Tour said Tuesday it will begin to offer professional players direct equity ownership in the new company that will be formed after it reaches a deal with investors, according to an internal memo obtained by CNBC. The talks with PIF and the DP World Tour remain the tour's "top priority," PGA Tour Commissioner Jay Monahan said in Tuesday's memo. The new program outlined in Tuesday's memo is the latest move to align the interests of PGA Tour players with the business itself. Monahan also wrote that the Tour's agreement with PIF and DP World Tour has generated interest from other investors. Last week, Fenway Sports Group Chairman Tom Werner acknowledged that the company has held talks with the PGA Tour, but declined to comment with any further details.

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Persons: Woods, Rory McIlroy, LIV, Jay Monahan, Monahan, Tom Werner, There's Organizations: Northern, Augusta National Golf Club, CNBC, Saudi Arabia's Public Investment Fund, PIF, PGA, Fenway Sports Locations: United States, Augusta , Georgia, Saudi, U.S