PGA Tour player directors prepare for meeting with Saudi leader of LIV Golf

PGA Tour commissioner Jay Monahan speaks during the second round of The Players Championship golf tournament Friday, March 15, 2024, in Ponte Vedra Beach, Fla. PGA Tour commissioner Jay Monahan gestures during an interview during the second round of The Players Championship golf tournament Friday, March 15, 2024, in Ponte Vedra Beach, Fla.

“I doubt we will get into anything substantive in the first meeting,” said Patrick Cantlay, one of six player directors on PGA Tour Enterprises, the new commercial venture that already has a minority investor in Strategic Sports Group, a consortium of U.S. sports owners. The solution ultimately would be patching together golf, with players like Masters champion Jon Rahm, Dustin Johnson, PGA champion Brooks Koepka and Bryson DeChambeau among those now with LIV and suspended from PGA Tour-sanctioned events except the four majors.. But with government inquiries, and interest from private equity groups, the deal wasn’t done. The tour aligned with SSG, and Rahm defected to LIV. SSG has pledged up to $3 billion, including $1.5 billion for a player equity program.

“I actually think there’s a really big disconnect between PIF and LIV,” he said. “I think you got PIF over here and LIV are sort of over here doing their own thing. So the closer that we can get to Yasir, PIF and hopefully finalize that investment, I think that will be a really good thing.”

Source: News Formal (newsformal.com)

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