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.
Adam Scott, of Australia, hits from the rough on the fifth hole during a practice round at The Players Championship golf tournament, Wednesday, March 13, 2024, in Ponte Vedra Beach, Fla. PALM HARBOR, Fla. — 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.
The other player directors are Patrick Cantlay, Adam Scott, Jordan Spieth, Webb Simpson and Peter Malnati. Golfweek first reported the meeting was likely to take place Monday in Ponte Vedra Beach. It shifted to the Bahamas, where Woods often keeps his yacht. The PGA Tour selected SSG, a consortium of U.S. sports owners, in December. A month later, SSG pledged an initial $1.5 billion investment, which could increase to $3 billion. The next step is getting PIF as a minority investor or risk more players defecting to LIV Golf.
He told players he would keep them updated as much as possible, “but please understand that we need to maintain our position of not conducting negotiations in public.”
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