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PGA Tour officials pushed to oust Greg Norman as the CEO and commissioner of the LIV Golf League during its negotiations with the DP World Tour and Saudi Arabia's Public Investment Fund (PIF), which proposed that Tiger Woods and Rory McIlroy own LIV teams, according to documents released by the U.S. Senate Permanent Subcommittee on Investigations.
WASHINGTON : Two officials from the PGA Tour go before a Senate panel on Tuesday to defend the U.S.-based golf tour's decision to end a rivalry with the Saudi-backed LIV circuit and form a unified commercial entity.
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.
WASHINGTON — Two PGA Tour officials have agreed to testify before a U.S. Senate panel next week about the tour's merger with Saudi-backed LIV Golf, but LIV officials declined to appear, lawmakers said Monday.
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The PGA Tour sought to assure players on Tuesday that they will have a say in the tour's new partnership with the Saudi Public Investment Fund (PIF), with its policy board issuing a statement that noted players would have to approve any final agreement.
The framework of the merger agreement of the PGA Tour and Saudi-backed LIV Golf says a for-profit subsidiary of the US golfing body will be created to manage commercial investments and assets for all tours.
The five-page agreement signed by PGA Tour commissioner Jay Monahan, DP World Tour CEO Keith Pelley and Public Investment Fund governor Yasir Al-Rumayyan to form a new entity that will align men's professional golf gives the PGA Tour «full decision-making authority with respect to all strategic and operational matters related to competition.»