PGA Commissioner Jay Monahan said tour couldn't compete with Saudi funds, which led to LIV merger: report

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PGA Commissioner Jay Monahan said tour couldn't compete with Saudi funds, which led to LIV merger: report
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A new report says after the PGA paid $50 million in legal fees and added nine figures to its purse prizes, it had no choice but to merge with LIV.

Jay Monahan, commissioner of the PGA Tour, speaks to the media at a press conference prior to The Players Championship March 7, 2023, in Ponte Vedra Beach, Fla.

"We cannot compete with a foreign government with unlimited money," Monahan reportedly told employees."This was the time. … We waited to be in the strongest possible position to get this deal in place.

LIV Golf CEO Greg Norman watches from a suite on the 18th green during the LIV Golf Invitational - DC at Trump National Golf Club May 27, 2023, in Sterling, Va.

 

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