Woods to serve as vice chairman of PGA Tour Enterprises
Tiger Woods has been named on Wednesday as vice chairman of the 13-member board of directors for the newly formed, for-profit entity known as PGA Tour Enterprises.
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Tiger Woods has been named on Wednesday as vice chairman of the 13-member board of directors for the newly formed, for-profit entity known as PGA Tour Enterprises.
:The PGA Tour has secured a $3 billion investment into a new for-profit entity from a consortium of U.S. sports team owners as part of a deal that allows for co-investment from Saudi Arabia's Public Investment Fund, it said on Wednesday.
The PGA Tour announced the 16 members who will serve on the Player Advisory Council in 2024, a pivotal year that will help shape the future of the tour.
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LOS ANGELES: Uncertainty and controversy over a potential merger with LIV Golf's Saudi backers loom over the US PGA Tour as its 2024 season tees off on Thursday (Jan 3) in Hawaii.
Negotiations between the PGA Tour, DP World Tour and Saudi Arabia's Public Investment Fund (PIF) have been extended beyond the original deadline of 31 December.
The PGA Tour was unable to finalize a definitive partnership agreement with Saudi Arabia's Public Investment Fund ahead of a Dec. 31 deadline but wants to extend negotiations into 2024 given "active and productive conversations", according to a memo seen by Reuters.
The PGA Tour is working to extend its negotiations with Saudi Arabia's Public Investment Fund to form a new for-profit entity, tour commissioner Jay Monahan told golfers in a memo Sunday.