PGA Commissioner Jay Monahan said tour couldn't compete with Saudi funds, which led to LIV merger: report
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TORONTO : Perhaps no sporting event in Canada goes out of its way to tug at the heritage heartstrings more than the Canadian Open.
TORONTO — Days after being blindsided by the PGA Tour's partnership with Saudi Arabia's wealth fund, Rory McIlroy put himself in position for a run at a third straight Canadian Open title.
Canada's Nick Taylor has set a new course record at the RBC Canadian Open.
Commissioner Jay Monahan told employees that the PGA Tour simply couldn't afford to keep fighting the Saudi Arabia-backed LIV Golf League, the Wall Street Journal reported.
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Commissioner Jay Monahan told PGA Tour employees during a meeting Thursday that it couldn't financially afford to keep spending tens of millions of dollars in its legal fight against Saudi Arabia's Public Investment Fund while continuing to increase its own purses to keep players from defecting to the rival LIV Golf League, according to a report Saturday by the Wall Street Journal.
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