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Articles for Monahan, search results for policy

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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Jimmy Dunne resigns from PGA Tour policy board citing ‘no meaningful progress’ toward deal to unify pro golf
7 months, 1 week ago

Jimmy Dunne resigns from PGA Tour policy board citing ‘no meaningful progress’ toward deal to unify pro golf

New York Times  

LOUISVILLE, Ky. — One of the primary figures in the PGA Tour’s shocking framework agreement with the Public Investment of Saudi Arabia last summer resigned from the PGA Tour policy board Monday citing “no meaningful progress” toward a deal with PIF, according to a letter reported by Sports Illustrated. Jimmy Dunne, a prominent investment banker, became a key figure in …

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Tiger Woods changed professional golf. Now he’s trying to save it
1 year ago

Tiger Woods changed professional golf. Now he’s trying to save it

New York Times  

NASSAU, Bahamas — The last decade of Tiger Woods’ career has been a series of stops and starts, the golf world grasping for each and every comeback before he goes away once more. Maybe more authority, wielding his power around three different times to say Monahan making deals with the PIF without the players input “can’t happen again.” GO DEEPER …

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Tiger Woods hopes to play 1 tournament per month in 2024, weighs in on PGA, PIF deadline
1 year ago

Tiger Woods hopes to play 1 tournament per month in 2024, weighs in on PGA, PIF deadline

New York Times  

Tiger Woods laid out a plan for the 2024 season, saying the best scenario for his return to golf is to potentially play one tournament per month. Woods said both sides are working together with “no animosity.” PGA Tour players were blindsided by the PGA’s framework agreement with the PIF, which owns LIV Golf, on June 6 to merge their …

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Jordan Spieth to finish Rory McIlroy’s term on PGA Tour board
1 year, 1 month ago

Jordan Spieth to finish Rory McIlroy’s term on PGA Tour board

Associated Press  

PONTE VEDRA BEACH, Fla. — Jordan Spieth is replacing Rory McIlroy on the PGA Tour policy board and will finish out the term that runs until the end of next year. McIlroy, the first international player elected to the board, said last week he no longer felt he had the time and energy to serve his final year of what …

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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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Tiger Woods joins PGA Tour board, to assist commissioner Jay Monahan on Saudi deal discussions
1 year, 4 months ago

Tiger Woods joins PGA Tour board, to assist commissioner Jay Monahan on Saudi deal discussions

Firstpost  

Woods joins the PGA Tour policy board for the first time in his 27 years on tour will become a sixth player director as part of a broad agreement that gives the players a greater voice and awareness of any major deals going forward. Tiger Woods has joined the PGA Tour policy board for the first time in his 27 …

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Tiger Woods joins PGA Tour board and gives commissioner his support as Saudi deal talks continue
1 year, 4 months ago

Tiger Woods joins PGA Tour board and gives commissioner his support as Saudi deal talks continue

Associated Press  

Tiger Woods has joined the PGA Tour policy board for the first time in his 27 years on tour, giving Commissioner Jay Monahan key support as he rebuilds trust while forging ahead with details of a business partnership with Saudi backers of LIV Golf. Woods will become a sixth player director — a year ago, the PGA Tour had only …

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Tiger Woods joins PGA Tour policy board as sixth player director
1 year, 4 months ago

Tiger Woods joins PGA Tour policy board as sixth player director

New York Times  

In a sweeping change amid the power struggle atop the PGA Tour, the players now hold more weight than ever, albeit after their tour’s future was reshaped without their consent. Responding to significant player unrest over secret negotiations to unite the tour with the Saudi Arabian Public Investment Fund in a new joint commercial business, the tour announced Tuesday that …

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Stephenson resigns from PGA Tour board over ‘serious concerns’ about Saudi deal, according to report
1 year, 5 months ago

Stephenson resigns from PGA Tour board over ‘serious concerns’ about Saudi deal, according to report

Associated Press  

Former AT&T Chairman Randall Stephenson resigned from the PGA Tour’s policy board over concerns about the tour’s proposed partnership with Saudi Arabia’s national wealth fund, The Washington Post reported Sunday. The Post said it obtained a copy of his letter that was dated Saturday and said the tour’s framework agreement with Saudi Arabia’s Public Investment Fund “is not one that …

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PGA Tour commissioner Jay Monahan returning to role following medical leave
1 year, 5 months ago

PGA Tour commissioner Jay Monahan returning to role following medical leave

New York Times  

PGA Tour commissioner Jay Monahan is returning to his role on July 17 following a medical leave, according to a memo sent to the PGA Tour policy board. Ron Price, the chief operating officer, and Tyler Dennis, the executive vice president and president of the PGA Tour, led day-to-day operations in Monahan’s absence. Monahan will return following the U.S. Senate …

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PGA Tour chief Jay Monahan steps back due to 'medical situation'
1 year, 6 months ago

PGA Tour chief Jay Monahan steps back due to 'medical situation'

Firstpost  

Under-fire PGA Tour chief Jay Monahan is stepping away from day-to-day operations of the tour as he recovers from an undisclosed medical situation, a statement said Tuesday. Monahan has faced stinging criticism in the wake of the PGA Tour’s shock merger with the Saudi backers of LIV Golf last week, with multiple players calling for him to resign. “Jay Monahan …

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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

The Independent  

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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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Power broker Jimmy Dunne with 9/11 history helped get PGA and Saudis to the table
1 year, 6 months ago

Power broker Jimmy Dunne with 9/11 history helped get PGA and Saudis to the table

Associated Press  

PGA Tour Commissioner Jay Monahan and Yasir Al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund, sat beside each other during a CNBC interview wearing comfortable smiles of longtime friends. “I would ask any player who left, or any player that would ever consider leaving, have you ever had to apologize for being a member of the PGA Tour?” Monahan …

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Commissioners from PGA to NFL took pandemic pay cuts, but overall comp soared
2 years, 5 months ago

Commissioners from PGA to NFL took pandemic pay cuts, but overall comp soared

New York Times  

In the early days of the pandemic, leaders of major sports organizations from the NFL and MLB to the PGA Tour announced they would take pay cuts. Other PGA Tour executives earned healthy seven figures in 2020, including Ron Price, chief operating officer, who is listed on the tax form as earning $8.6 million. “This committee utilizes an independent compensation …

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