News Formal

PGA Tour Hires First CEO as Saudi Investment Deal Nears Completion

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 53 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Sports Nyheter

GOLF,PGA TOUR,LIV GOLF

The PGA Tour is appointing its first CEO, marking a significant step amidst ongoing restructuring and a potential agreement with Saudi Arabia's Public Investment Fund (PIF). The appointment comes as the tour navigates a period of change, including tightened player eligibility and reduced field sizes, while seeking to unite a sport divided by competing leagues.

with the Saudi-backers of LIV Golf as a minority investor, is hiring a CEO for the first time who will work alongside commissioner Jay Monahan.

Atlanta Falcons owner Arthur Blank, part of SSG and a member of the new commercial PGA Tour Enterprises, will be leading a search committee that includes Monahan.The PGA Tour Enterprises board includes all six players on the policy board, led by Tiger Woods, four members of SSG, Monahan and Valero CEO Joe Gorder. The 13th member is former PGA Tour player Joe Ogilvie in a liaison role.

The PGA Tour already has tightened its player eligibility by eliminating 25 cards through the FedEx Cup, meaning only the top 100 will be guaranteed full status at the end of the year. Field sizes also are being reduced. The tour also has invested in the TMRW Golf League that starts next month, an indoor competition among six teams that will be televised on ESPN platforms. Woods and Rory McIlroy are behind TGL and belong to the teams filled with top players.against Bryson DeChambeau and Brooks Koepka from LIV Golf, a sign interpreted as a small step toward getting PGA Tour and LIV Golf players together more often than the four majors.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 288. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

PGA Tour Hires First CEO Amidst Sweeping Changes and Saudi InvestmentThe PGA Tour is making significant changes, including hiring its first CEO, as it navigates a complex landscape with Saudi investment and competition from LIV Golf.
Källa: NBCPhiladelphia - 🏆 569. / 51 Läs mer »

Report: Saudi Arabia Public Investment Fund to Acquire Share of PGA Tour EnterprisesBloomberg reported that LIV Golf's backer would take a 6% interest in the PGA Tour's for-profit arm.
Källa: SInow - 🏆 273. / 63 Läs mer »