Tom Watson calls for answers from PGA Tour commissioner over new partnership

Eight-time major winner Tom Watson says the PGA Tour’s new partnership with Saudi Arabia appears to indicate “a more desperate financial situation than has been previously revealed by the Tour”.

Watson has written an open letter to PGA Tour commissioner Jay Monahan about the “unanswered questions” he and many other professional players have regarding the shock announcement on June 6 concerning the creation of a new commercial entity designed to “unify golf”.

The announcement brought an end to litigation between the PGA Tour and LIV Golf, a series backed by the Saudi Public Investment Fund (PIF) which will now provide the financial backing for the new commercial entity.

The PGA TOUR, DP World Tour and PIF announce landmark agreement to unify men’s professional golf.

— PGA TOUR (@PGATOUR) June 6, 2023

Prior to the announcement, Monahan had been an outspoken critic of LIV Golf and Saudi Arabia, and Watson wrote: “The reversal (in position) does appear to indicate a more desperate financial situation than has been previously revealed by the Tour.

“While last week I learned the significant news that litigation around the Tour/LIV conflict would be terminated with prejudice, that only solves one significant financial problem.

“It is important to understand how all of this has impacted the Tour’s Reserve Fund and the Tour’s overall financial solvency. Have funds been depleted to the point where the Tour needs an unprecedented capital injection to remain solvent now or for the future?

“My overarching questions remain. Is the PIF the only viable rescue from the Tour’s financial problems? Was/is there a plan B? And again, what exactly is the exchange? We need clarity and deserve full disclosure as to the financial health of the