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Articles for Monahan, search results for liv

PGA Tour commissioner says sides are making progress on deal with Saudi backers of LIV Golf
6 months ago

PGA Tour commissioner says sides are making progress on deal with Saudi backers of LIV Golf

Associated Press  

CROMWELL, Conn. — PGA Tour Commissioner Jay Monahan said Wednesday the difficulty in finalizing a deal with the Saudi backers of LIV Golf isn’t a reason for concern. “We have the right people around the table for us,” Monahan said, “and they do as well.” It’s been more than a year since the PGA Tour and the Public Investment Fund …

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Tour and Saudis agree on some items with work still to go to finalize any deal
6 months ago

Tour and Saudis agree on some items with work still to go to finalize any deal

Associated Press  

The PGA Tour and the Saudi backers of LIV Golf reached consensus on several items during its meeting its recent meeting in New York. Monahan sent players a memo after the PGA Tour policy board and the commercial PGA Tour Enterprises board held a joint meeting during the Travelers Championship in Connecticut. The meeting with Yasir Al-Rumayyan, governor of the …

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Analysis: A year after PGA Tour’s surprise deal with Saudis, still no clarity on where golf is going
6 months, 2 weeks ago

Analysis: A year after PGA Tour’s surprise deal with Saudis, still no clarity on where golf is going

Associated Press  

DUBLIN, Ohio — PGA champion Xander Schauffele was on the 10th tee at Muirfield Village for a late Monday afternoon practice round to start the week of the Memorial. Unbeknownst to Schauffele — unbeknownst to every PGA Tour player — was that Dunne and Herlihy, along with PGA Tour Commissioner Jay Monahan, had been secretly meeting with the Public Investment …

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Jimmy Dunne resigns from PGA Tour board. He feels his input is no longer needed
7 months, 1 week ago

Jimmy Dunne resigns from PGA Tour board. He feels his input is no longer needed

Associated Press  

Jimmy Dunne, one of the architects behind the PGA Tour’s stunning reversal to strike a deal with the Saudi backers of LIV Golf, abruptly resigned Monday from the PGA Tour board with a letter that expressed frustration at the lack of progress that no longer included his input. “I believe that history will look favorably on this outcome and the …

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Tiger Woods to be lone player on negotiating committee with Saudi-backed LIV Golf
7 months, 2 weeks ago

Tiger Woods to be lone player on negotiating committee with Saudi-backed LIV Golf

The Hindu  

Tiger Woods will be the lone player on a five-member subcommittee that will be involved in negotiations with the Public Investment Fund, part of a busy day of governance as the PGA Tour tries to strike a deal with Saudi backers of LIV Golf. The tour said Woods will be part of the “transaction subcommittee” on the board of PGA …

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PGA Tour’s Monahan describes ‘constructive’ meeting with Saudi leader of LIV Golf
9 months ago

PGA Tour’s Monahan describes ‘constructive’ meeting with Saudi leader of LIV Golf

Associated Press  

PALM HARBOR, Fla. — The PGA Tour took a first step in sparking negotiations with Saudi Arabia’s national wealth fund with a meeting in the Bahamas that Commissioner Jay Monahan described as “constructive” without offering many more details. In a memo late Monday night to players, Monahan said the player directors on the PGA Tour Enterprises board met with Yasir …

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Monahan confident in his job and hopeful PGA Tour can strike a deal with Saudis
9 months, 1 week ago

Monahan confident in his job and hopeful PGA Tour can strike a deal with Saudis

Associated Press  

PONTE VEDRA BEACH, Fla. — PGA Tour Commissioner Jay Monahan was short on details but overflowing with confidence Tuesday about the future of the PGA Tour, repairing the fractured landscape of golf and his ability to lead the way. Monahan said at the onset of his news conference — his first in nearly seven months — that while negotiations with …

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PGA Tour commissioner Jay Monahan provides update on Saudi PIF negotiations
9 months, 1 week ago

PGA Tour commissioner Jay Monahan provides update on Saudi PIF negotiations

The Independent  

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Tour to offer bulk of new money to 36 top players in equity ownership plan
10 months, 2 weeks ago

Tour to offer bulk of new money to 36 top players in equity ownership plan

Associated Press  

The PGA Tour plans to make $750 million of initial grants from its new cash-flush PGA Tour Enterprises to 36 top players determined by their career, their last five years on tour and how much attention they have brought to golf. Commissioner Jay Monahan said in a memo to players Wednesday that $180 million from the $1.5 billion investment of …

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Column: Rory McIlroy and Jay Monahan have trust issues in golf’s big divide
10 months, 2 weeks ago

Column: Rory McIlroy and Jay Monahan have trust issues in golf’s big divide

Associated Press  

PEBBLE BEACH, Calif. — The obnoxious money ruining golf was sure to create trust issues with the leadership, and that lingers even as PGA Tour Enterprises is now flush with cash from its new minority investor. Keep in mind, players are still reeling from Monahan’s secret deal with PIF — the financial lifeline of LIV Golf — that was announced …

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PGA Tour seeks extension on commercial deal with Saudis, private investors
11 months, 3 weeks ago

PGA Tour seeks extension on commercial deal with Saudis, private investors

Associated Press  

The PGA Tour believes it has made enough progress with the Saudi backers of LIV Golf to extend their negotiations into next year for a new commercial deal that would include a U.S. investment group and the European tour. The PGA Tour board unanimously agreed three weeks ago to negotiate exclusively with Strategic Sports Group, a consortium of American-based professional …

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PGA Tour, PIF miss Dec. 31 merger deadline, extend negotiations into 2024
11 months, 3 weeks ago

PGA Tour, PIF miss Dec. 31 merger deadline, extend negotiations into 2024

New York Times  

The PGA Tour and Saudi Arabia’s Public Investment Fund failed to reach an agreement on a potential merger by the Dec. 31 deadline and will extend their negotiations into 2024, tour commissioner Jay Monahan said in a memo to players Sunday. On Dec. 11, the PGA Tour policy board announced that it agreed to advance negotiations with SSG after reviewing …

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Rahm is suspended by the PGA Tour. The formality is a boon for Mackenzie Hughes and Carl Yuan
1 year ago

Rahm is suspended by the PGA Tour. The formality is a boon for Mackenzie Hughes and Carl Yuan

Associated Press  

The PGA Tour has notified Jon Rahm he has been suspended for signing with Saudi-funded LIV Golf, a formality that is more about the benefits to the players Rahm leaves behind. PGA Tour Commissioner Jay Monahan in a memo to players Monday afternoon said Rahm’s suspension “due to his association with a series of unauthorized tournaments” removes his name from …

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Jon Rahm: I’m risking my Ryder Cup future for £450m LIV deal
1 year ago

Jon Rahm: I’m risking my Ryder Cup future for £450m LIV deal

The Telegraph  

The Spaniard’s Ryder Cup eligibility will now come under intense focus and, apart from Jay Monahan, the PGA Tour commissioner, the most worried person in golf must be Luke Donald. “I wish I would have been able to call Luke and give him a heads-up but unfortunately, I wasn’t in a position where I could do that.” Saudi chief to …

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What Jon Rahm’s shocking move to LIV means for golf’s future
1 year ago

What Jon Rahm’s shocking move to LIV means for golf’s future

New York Times  

This is the moment it all becomes normal. “I’ve always been very interested in history and legacy,” Rahm said, “and right now the PGA Tour has that.” Right now. The moment Jay Monahan and the PGA Tour went behind the players’ backs and made a deal with the Public Investment Fund of Saudi Arabia, it changed the calculus. GO DEEPER …

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Rory McIlroy abruptly resigns from PGA Tour policy board
1 year, 1 month ago

Rory McIlroy abruptly resigns from PGA Tour policy board

Associated Press  

Rory McIlroy resigned from the PGA Tour board on Tuesday, an abrupt move that comes as the tour is trying to finalize an agreement to create a new commercial enterprise involving Saudi Arabia’s national wealth fund. But yeah, the game of professional golf has been in flux for the last two years.” In a statement, PGA Tour Commissioner Jay Monahan …

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McIlroy says he’d retire if LIV Golf was the only place to play
1 year, 5 months ago

McIlroy says he’d retire if LIV Golf was the only place to play

Associated Press  

GULLANE, Scotland — Rory McIlroy laughed off a Saudi-backed idea that he and Tiger Woods own LIV Golf teams, saying Thursday he would retire if playing for LIV was the only option. The concept came from an April document titled, “The Best of Both Worlds,” provided to Congress ahead of a Senate subcommittee hearing Tuesday on the PGA Tour’s agreement …

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Jay Monahan to return to PGA Tour commissioner role after month break
1 year, 5 months ago

Jay Monahan to return to PGA Tour commissioner role after month break

The Hindu  

PGA Tour Commissioner Jay Monahan is returning to work just over a month after he stepped away for a “medical situation,” saying a two-year battle that ended in a surprise agreement with the Saudi backers of LIV Golf had been “grueling for all of us.” Monahan informed the PGA Tour’s policy board, players and staff Friday evening that he will …

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Ian Poulter believes changes need to be made for golf’s merger to succeed
1 year, 5 months ago

Ian Poulter believes changes need to be made for golf’s merger to succeed

The Independent  

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PGA Tour, PIF agreement: LIV Golf’s future will be determined by tour leadership
1 year, 5 months ago

PGA Tour, PIF agreement: LIV Golf’s future will be determined by tour leadership

New York Times  

The framework agreement for the controversial new commercial company uniting the PGA Tour and the Saudi Arabian Public Investment Fund, along with the DP World Tour, has been obtained by The Athletic, offering for the first time clarity and new insight into the deal. The deal — signed on May 30 by PGA Tour commissioner Jay Monahan, PIF Governor Yasir …

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PGA Tour will appear before a Senate panel investigating its deal with Saudi backers of LIV
1 year, 6 months ago

PGA Tour will appear before a Senate panel investigating its deal with Saudi backers of LIV

Associated Press  

WASHINGTON — The PGA Tour said Wednesday that it would appear next month before a Senate subcommittee whose leader asked executives from the tour, Saudi golf interests and LIV Golf to testify as Congress investigates the business deal that upended the sport. Sen. Richard Blumenthal, D-Conn., announced that the Senate Permanent Subcommittee on Investigations would hold a hearing on July …

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Tom Watson is the latest to want answers on the PGA Tour’s deal with Saudi backers of LIV
1 year, 6 months ago

Tom Watson is the latest to want answers on the PGA Tour’s deal with Saudi backers of LIV

Associated Press  

LOS ANGELES — Eight-time major champion Tom Watson wants answers on the PGA Tour’s new business partnership with Saudi backers of LIV Golf, asking in a letter Monday to Commissioner Jay Monahan if the deal was the only way to solve the tour’s financial hardship. That was one of several questions posed by Watson in the letter, which was obtained …

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PGA Tour, LIV Golf, PIF file motion to dismiss lawsuits
1 year, 6 months ago

PGA Tour, LIV Golf, PIF file motion to dismiss lawsuits

The Hindu  

The PGA Tour, the LIV Golf League and the Public Investment Fund of Saudi Arabia officially agreed to end all pending antitrust litigation among the parties on Friday night. The news came amid the second round of the U.S. Open, and 10 days after PGA Tour commissioner Jay Monahan appeared with PIF governor Yasir Al-Rumayyan for a CNBC interview explaining …

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Justice Department looking into PGA Tour deal with LIV’s Saudi backers
1 year, 6 months ago

Justice Department looking into PGA Tour deal with LIV’s Saudi backers

The Hindu  

The Justice Department has begun to examine an agreement between the PGA Tour and Saudi Arabian backers of LIV Golf to determine whether it violates federal antitrust statutes, a person familiar with the matter told The Associated Press. In a letter to various lawmakers sent last week, Monahan said he would be CEO of the new commercial entity, which he …

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