Jay Monahan

A PGA TOUR logo is seen after play was suspended due to severe storms during the third round of THE PLAYERS Championship held at THE PLAYERS Stadium course at TPC Sawgrass on May 14, 2011 in Ponte Vedra Beach, Florida.Streeter Lecka | Getty ImagesPGA Tour and LIV Golf are working to extend their proposed merger deadline, which was originally set at Dec. 31, Commissioner Jay Monaha told players in a memo on Sunday."While we had initially set a deadline of December 31, 2023, to reach an agreement, we are working to extend…

Tiger Woods wipes his driver grip on the 18th tee box during the first round of the PGA TOUR Champions PNC Championship at The Ritz-Carlton Golf Club on December 17, 2022 in Orlando, Florida.Ben Jared | PGA Tour | Getty ImagesA coalition of U.S. sports investors led by Fenway Sports Group have entered the final round of negotiations to become co-investors in a potential deal between the PGA Tour and Saudi Arabia's Public Investment Fund, the PGA Tour announced on Sunday.The Fenway-led consortium, named Strategic Sports…

Rafael Henrique | Lightrocket | Getty ImagesDetails are emerging of how the PGA Tour and Saudi-backed LIV Golf plan to merge their commercial operations and bring the sport's top players back under one new entity. In a five-page agreement obtained by CNBC, the parties — the PGA Tour, the Saudi Arabia Public Investment Fund and Europe's DP World Tour — agreed to create a for-profit subsidiary of the PGA Tour. The new entity will manage commercial assets for all of the tours, while the PGA Tour will manage competitions.The…

PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut.Fred Kfoury | Icon Sportswire | Getty ImagesWASHINGTON — A top Democratic lawmaker launched a probe on Monday into the planned merger of the PGA Tour and Saudi-backed LIV Golf.Sen. Richard Blumenthal, D-Conn., requested details of the agreement between the two organizations, including how the new combined entity will operate in light of Saudi Arabia's human rights abuses, in letters to PGA…

In private remarks to employees, PGA Tour commissioner Jay Monahan said the financial costs of the spending war with LIV Golf motivated the reversal that stunned the golf world. In private remarks to employees, PGA Tour commissioner Jay Monahan said the financial costs of the spending war with LIV Golf motivated the reversal that stunned the golf world. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…

The two-year-long fight between the PGA Tour and Saudi Arabia's LIV Golf ended with a stunning announcement that the archrivals are now joining forces — news that's been met with derision by many American commentators, lawmakers and golf fans.The decision, announced Tuesday, concluded a battle for golf's best players and prompted an about-face from the PGA Tour, which had in a previous lawsuit accused Saudi Arabia of offering athletes "astronomical sums of money ... to use the LIV Players and the game of golf to…

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise.The two entities signed an agreement that would combine the PGA Tour's and LIV Golf's commercial businesses and rights into a new, yet-to-be-named for-profit company. The agreement includes DP World Tour, also known as the PGA European Tour.LIV Golf is backed by the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown…

LIV CEO and commissioner Greg Norman watches play on the third hole during the final round of the LIV Golf Invitational Series Chicago at Rich Harvest Farms in Sugar Grove, Illinois.Brian Spurlock | Icon Sportswire | Getty ImagesLIV Golf CEO Greg Norman will be visiting Capitol Hill this week to meet with members of Congress, as the Saudi-backed league tangles with the PGA Tour.The PGA Tour has been lobbying against LIV since 2021. LIV players have filed an antitrust suit against the PGA Tour. Meanwhile, the Justice…

The PGA Tour has denied the renewal of tour memberships for LIV-affiliated players. The PGA Tour has denied the renewal of tour memberships for LIV-affiliated players. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want…