Commissioner of the PGA Tour, Jay Monahan IV speaks during a news conference ahead of the Tour Championship golf tournament on Aug. 28 in Atlanta.Commissioner Jay Monahan spent 20 minutes Wednesday talking about momentum from a US$1.5-billion private equity investment in the PGA Tour at the start of the year. When it came to an investment deal with Saudi backers of LIV Golf, he preached patience.
“I don’t think we want to restrict ourselves in that way,” Monahan said at the season-ending Tour Championship. “We want to achieve the best and right outcome at the right time.” Monahan said last year, “As I sit here today, I am confident that we will reach an agreement that achieves a positive outcome for the PGA Tour and our fans – I see it and I’m certain of it.”The U.S. Justice Department asked that an anti-poaching clause be removed from the framework agreement in July. Jon Rahm defected to LIV Golf for Saudi riches in December.
In the meantime, the PGA Tour is wrapping up its first season of eight US$20-million signature events, which still produced roughly the same turnover of players who reached the postseason. The tour has announced a similar schedule for 2025, and Monahan made it sound as though that would be the blueprint for the immediate future.
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