Post a Free Blog

Submit A Press Release

At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeSportsGolfPGA News: Reports: Jay Monahan offers players few new details in Saudi...

PGA News: Reports: Jay Monahan offers players few new details in Saudi update

Add to Favorite
Added to Favorite


PGA Tour players are not much closer to understanding the ins and outs of the tour’s “framework agreement” with Saudi Arabia’s Public Investment Fund after meeting with commissioner Jay Monahan on Tuesday in Memphis, Tenn.

Ahead of this week’s FedEx St. Jude Championship, Monahan held an in-person player meeting for the first time since returning from a month-long, health-related absence.

Some players told reporters at TPC Southwind that the meeting was unproductive, with Denny McCarthy telling Golf Digest it was “pointless.”

“The questions got to be repetitive,” Jon Rahm said. “It was the same stuff we already knew.”

Rickie Fowler told media outlets that the players have “a better understanding of how things are operating,” and that the outcry following the June 6 announcement was more about the secrecy of the deal and the botched rollout of the news.

Fowler said Tuesday’s meeting covered what the tour might do if the deal between the PGA Tour and PIF ends up falling apart and whether other investors might be interested in funding the so-called “NewCo,” a for-profit entity the PGA Tour is planning to set up.

“I’ve been pretty open through the process of not necessarily being against PIF or Saudi in any way, or where the money comes from,” Fowler said. “No one is clean or perfect. The tour has been in business with China for years. Not saying it’s right to do something with PIF or Saudi or not.

“If our leadership ultimately thinks it’s the best option to move forward and potentially for the future and that can be sold to the players and everyone is on board and sees that, or thinks that’s the best option, great. We do it together.”

That player leadership now includes Tiger Woods, who was announced as a new, sixth player director last Tuesday as the PGA Tour met player demands for more transparency and control of the direction of the tour.

“They have to get a majority, if not unanimous, as far as board and player support,” Fowler said.

The agreement requires that a deal be finalized by Dec. 31 unless both sides agree to extend that deadline. Tom Hoge feels “it’s a very real possibility” that a deal might not be finalized.

“There’s a lot of moving parts that have to come together for it,” he said.

Rory McIlroy and Patrick Cantlay were among the notable players who did not attend the meeting. McIlroy and Cantlay are board members who have been involved in previous meetings with the commissioner.

Also on Tuesday, PGA Tour chief tournaments and competitions officer Andy Pazder resigned from his post after working for the tour for more than 30 years. ESPN reported that his decision to resign was not related to the framework agreement with the PIF — as was the case with former policy board member Randall Stephenson, who stepped down last month.

–Field Level Media

Subscribe to get Latest News Updates

Latest News

You may like more
more

MLB News: Tigers prospect Bryce Rainer (shoulder) out for season

Detroit Tigers shortstop prospect Bryce Rainer will miss the...

MLB News: Yankees SS Anthony Volpe avoids serious elbow injury

X-rays and a CT scan were negative on Yankees...

MLB News: A’s host Orioles in search of rare third consecutive win

The Athletics will arrive at the ballpark Saturday night...

MLB News: After loss to Mets, Rockies hope to revive recent success

The Colorado Rockies finally found a groove more than...