Phil Mickelson shocked after seeing leaked PGA Tour memo
LIV Golf's Phil Mickelson takes aim at the PGA Tour after learning it plans to offer its members an equity stake in its new for-profit entity.
Phil Mickelson has hit out at the PGA Tour after a leaked memo from the circuit has highlighted the potential for player equity in its new for-profit entity known as PGA Tour Enterprises.
In light of the PGA Tour's ongoing framework agreement with the Saudi Public Investment Fund, the PGA Tour held its final Policy Board meeting of the year at its HQ on Tuesday November 14.
Tiger Woods, who was named a player director earlier this season, was called in for the "significant board meeting".
PGA Tour commissioner Jay Monahan led the meeting and he confirmed in the memo that was sent out to members that negotiations towards a definitive agreement with the Saudi Public Investment Fund (PIF) and the DP World Tour remain a "priority".
Related: Rory McIlroy reveals he is "not" enjoying his seat at the PGA Tour table
According to the memo sent out to PGA Tour players, which you can read in full below, Monahan penned:
Monahan's memo then also addressed potential for player equity in its new for-profit entity, PGA Tour Enterprises.
The memo read:
Read the full PGA Tour memo, which has been leaked all over social media, here:
It was that particular part of the memo that drew the ire of 45-time PGA Tour winner Mickelson, who famously left the PGA Tour to join LIV Golf in a deal reportedly worth $200m in the summer of 2022.
What an amazing change of philosophy in 2 years. “If it’s not 100% owned and controlled by the PGA Tour it will be viewed as hostile.” Ed Herlihy and Jay Monahan October 30,2021
Thank you LIV, PIF, His Excellency and all the players willing to stand up to Jay’s threats and…— Phil Mickelson (@PhilMickelson) November 14, 2023
In response to the PGA Tour's latest memo, Mickelson tweeted:
Prior to his move to LIV Golf, six-time major champion Mickelson hit out at the PGA Tour's "obnoxious greed" in an interview with John Huggan.
Mickelson took specific aim at PGA Tour players not having access to their own media.
In February 2022, Mickelson told Huggan:
What do you make of the PGA Tour's latest plans? Was Phil Mickelson right about the PGA Tour when he made his comments known in 2022? Share your thoughts and comments over on the GolfMagic social media channels.
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