Monahan preaches patience on PGA Tour getting investment deal with Saudi backers of LIV

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Commissioner Jay Monahan spent 20 minutes Wednesday, Aug. 28, talking about momentum from a $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.

Aug 29, 2024 05:38 AM

Monahan said a deal with the Public Investment Fund of Saudi Arabia remains a priority, though he said there was no deadline. 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 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.

And it still doesn’t include players at LIV, some of whom might fall out of the 54-man league depending on the contracts they signed.Tyler Dennis, the PGA Tour president, confirmed that players competing on LIV Golf will have to wait one year from their last competition to be eligible for the PGA Tour provided they were never members.

Monahan was asked about a path back for LIV players and chose to look at some of the younger players who have emerged this year, such as Robert MacIntyre and Matthieu Pavon through the European tour and Ludvig Aberg through the PGA Tour University program.

 

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