PGA Tour talks with Saudi Arabian PIF in Bahamas were 'constructive', says tour boss Jay Monahan

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The PGA Tour took a first step in sparking negotiations with Saudi Arabia's national wealth fund with a meeting that commissioner Jay Monahan described as 'constructive'.

The PGA Tour took a first step in sparking negotiations with Saudi Arabia's national wealth fund with a meeting in the Bahamas that commissioner Jay Monahan described as 'constructive' without offering many more details. In a memo sent late on Monday night to players, Monahan said the player directors on the PGA Tour Enterprises board met with Yasir Al-Rumayyan, governor of the Public Investment Fund that provides the money behind rival LIV Golf.

As the tour was negotiating with US private equity, LIV Golf lured Masters champion Jon Rahm, along with Tyrrell Hatton, in a move that took more big names away from the PGA Tour and further splintered the golf landscape. 'During the session, Yasir had the chance to introduce himself to our player directors and talk through his vision, priorities and motivations for investing in professional golf,' Monahan said.

 

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