PGA Tour boss on LIV Golf player returns (?!), Saudi PIF plans and health update
PGA Tour commissioner Jay Monahan updates the media on a number of topics ahead of the Tour Championship.
PGA Tour commissioner Jay Monahan admits the possibility of players returning to the circuit from LIV Golf is making up part of ongoing discussions with the Saudi Public Investment Fund (PIF).
The shock alliance, which was announced on June 6, is set to combine the commercial activities of the PGA Tour, DP World Tour and Saudi Arabia's sovereign wealth fund, PIF, into a new-for-profit entity called 'NewCo' in a framework agreement.
Monahan is set to serve as CEO of the entity with PIF's Yasir Al-Rumayyan as chairman.
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Speaking ahead of this week's Tour Championship and FedEx Cup finale at East Lake, and Monahan was asked a majority of PIF-related questions.
Monahan was quizzed by one journalist as to what a "positive outcome" would be for the PGA Tour in light of their stunning alliance with PIF, which currently bankrolls the LIV Golf League still led by two-time major champion Greg Norman.
In a lengthy response, Monahan reiterated PIF will be a "minority investor in NewCo with the PGA Tour."
He also explained a desire to "further reduce commercial inventory in broadcasts" and to "potentially invest in entities and companies that are going to help grow and diversify the PGA Tour fan base and the game."
Monahan also admitted he isn't looking at a plan for the next couple of years through to 2025, but one that is looking 10 to 15 years down the line.
Here's what the PGA Tour boss had to say:
Monahan was also asked about the prospect of LIV Golf players returning to the PGA Tour should they wish to next season, or in 2025.
While he could not give a concrete answer, he did confirm it's part of ongoing discussions with Al-Rumayyan at the moment.
Monahan replied:
This response from Monahan comes just a week after one LIV Golf pro threw him under the bus.
Earlier this month, the PGA Tour confirmed its revamped 2024 schedule, which will revert to a calendar year like the old days.
Of the 36 events in the FedEx Cup regular season, eight of them will be given Signature status with bumper prize funds.
Tiger Woods also signed up to become the PGA Tour's latest board member in their fight against LIV Golf.
Monahan also provided an update on his health after recently taking some time out.
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He confirmed he has "never felt better mentally and physically than right not" but then added he is a "work in progress".
Monahan said:
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