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Articles for Monahan, search results for money

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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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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PGA Tour commissioner Jay Monahan recuperating from ‘medical situation’
1 year, 6 months ago

PGA Tour commissioner Jay Monahan recuperating from ‘medical situation’

New York Times  

PGA Tour commissioner Jay Monahan is “recuperating from a medical situation,” the Tour and its policy board said in a joint statement Tuesday. The Tour will also “provide further updates as appropriate.” Monahan has been the PGA Tour commissioner since 2017. Backstory This news comes a week after the PGA Tour, the Public Investment Fund and the DP World Tour …

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Hypocrisy isn’t new in sports, it’s just more obvious in PGA Tour-LIV Golf merger
1 year, 6 months ago

Hypocrisy isn’t new in sports, it’s just more obvious in PGA Tour-LIV Golf merger

Associated Press  

Major League Baseball was once so concerned about gambling it banned Hall of Famers Mickey Mantle and Willie Mays just for working as casino greeters. “There is no higher priority than player safety,” NFL Commissioner Roger Goodell said — before the league added a 17th game to the schedule and ramped up the Thursday night schedule that forces players back …

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Blindsided PGA Tour players want answers over merger with LIV Golf
1 year, 6 months ago

Blindsided PGA Tour players want answers over merger with LIV Golf

The Hindu  

PGA Tour players were blindsided by news of a merger with the rebel Saudi-backed LIV Golf on Tuesday that left them, fans and politicians demanding answers. “They’re going to continue to grow, and we’re in a control position on their behalf as we move forward in this structure.” Rickie Fowler, Will Zalatoris and Hideki Matsuyama were all reported to have …

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PGA Tour, LIV Golf merge to end golf’s ‘civil war’
1 year, 6 months ago

PGA Tour, LIV Golf merge to end golf’s ‘civil war’

The Hindu  

The PGA Tour announced a shock merger with the Saudi-backed LIV Golf circuit on Tuesday, rocking the golfing world with a bombshell deal aimed at ending the sport’s bitter two-year civil war. In a stunning agreement that took the sport completely by surprise, the US-based PGA Tour and Europe’s DP World Tour said they had signed an agreement with LIV’s …

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Rory McIlroy: 'I still hate LIV – but have resigned myself to Saudi money in golf'
1 year, 6 months ago

Rory McIlroy: 'I still hate LIV – but have resigned myself to Saudi money in golf'

The Telegraph  

By James Corrigan If peace has indeed broken out in big-time golf then someone should tell Rory McIlroy, the world No 3 who says he feels like “a sacrificial lamb” because of the extraordinary climbdown. The day after the PGA Tour and DP World Tour dropped the bombshell that they had merged with the Saudi sovereign wealth fund, McIlroy produced …

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PGA Tour, LIV Golf to merge: Timeline of tension, lawsuits and criticism from both sides
1 year, 6 months ago

PGA Tour, LIV Golf to merge: Timeline of tension, lawsuits and criticism from both sides

New York Times  

In a shocking turn of events, the PGA Tour, DP World Tour and LIV Golf agreed to merge under common ownership “to unify the game of golf” globally. Here’s a timeline of events spanning the start of LIV Golf to its merger with the PGA Tour: Sept. 13, 2023: Senate subcommittee issues subpoena for Saudi PIF documents U.S. That oversight …

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PGA Tour announces big-money overhaul to counter LIV
2 years, 3 months ago

PGA Tour announces big-money overhaul to counter LIV

China Daily  

PGA Tour Commissioner Jay Monahan speaks during a press conference prior to the TOUR Championship at East Lake Golf Club on August 24, 2022 in Atlanta, Georgia. Of the sweeping changes PGA Tour commissioner Jay Monahan laid out, the most significant was what came out of a private meeting of 23 top players last week: a new model that assures …

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Top PGA Tour players to commit to 20-event big money slate
2 years, 4 months ago

Top PGA Tour players to commit to 20-event big money slate

Associated Press  

ATLANTA — The PGA Tour made its boldest response yet to the rival Saudi-funded league Wednesday with a plan for the best players to commit to a 20-tournament schedule in which they will compete against one another up to 17 times for average purses of $20 million. The tour also is doubling the bonus pool of its Player Impact Program …

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PGA Tour announces revamp to counter rival circuit
2 years, 6 months ago

PGA Tour announces revamp to counter rival circuit

China Daily  

PGA Tour Commissioner Jay Monahan addresses the media during a press conference prior to the Travelers Championship at TPC River Highlands on June 22, 2022 in Cromwell, Connecticut. NEW YORK－PGA Tour Commissioner Jay Monahan announced a sweeping overhaul of the circuit on Wednesday in a move designed to dissuade players from defecting to the Saudi-backed LIV Golf series. The season-ending …

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PGA Tour in ‘arms race’ of dollars and leaning on loyalty
2 years, 6 months ago

PGA Tour in ‘arms race’ of dollars and leaning on loyalty

Associated Press  

CROMWELL, Conn. — Commissioner Jay Monahan says the PGA Tour can’t win an “arms race” against Saudi-funded LIV Golf when the weapon is money. “If this is an arms race and if the only weapons here are dollar bills, the PGA Tour can’t compete. That’s an increase of just over $50 million in prize money, or roughly what Johnson reportedly …

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PGA chief slams Saudi-funded league as series of exhibitions
2 years, 6 months ago

PGA chief slams Saudi-funded league as series of exhibitions

Associated Press  

— PGA Tour Commissioner Jay Monahan described the Saudi-funded league that has signed up Dustin Johnson, Phil Mickelson and Bryson DeChambeau as a “series of exhibition matches” that spends billions of dollars on players without getting a return on its investment. “I would ask any player that has left, or any player that would ever consider leaving, ‘Have you ever …

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Golf: Rory McIlroy Says PGA Players Want to See Phil Mickelson Return
2 years, 9 months ago

Golf: Rory McIlroy Says PGA Players Want to See Phil Mickelson Return

News 18  

Rory McIlroy said Wednesday he expects six-time major winner Phil Mickelson to bounce back from the comments on the proposed Saudi-backed Super League that cost him sponsors and a return to the US PGA Tour. Mickelson, 51, called the Saudi partners “scary” but said he was willing to overlook what he called a “horrible record on human rights.” He cited …

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Monahan: Players tempted by Saudi tour need to make up minds
2 years, 10 months ago

Monahan: Players tempted by Saudi tour need to make up minds

Associated Press  

PGA Tour Commissioner Jay Monahan says he has “zero complacency” when it comes to the threat of a Saudi-funded rival league, and he has a clear message for any player still tempted to leave. “I told the players we’re moving on and anyone on the fence needs to make a decision,” Monahan said Wednesday in a telephone interview. Norman’s proposed …

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