Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

PGA Tour board reminds players they'll have vote on final deal with Saudis

Written by 
Published in Golf
Wednesday, 28 June 2023 03:20

DETROIT — The PGA Tour sought to assure players Tuesday that they will have a say in the Tour’s new partnership with the Saudi funders of LIV Golf, with its policy board issuing a statement that noted players would have to approve any final agreement between the once-rival tours.

The statement was released after a meeting of the board, which includes five players: Patrick Cantlay, Rory McIlroy, Charley Hoffman, Peter Malnati and Webb Simpson.

On Monday night, media outlets including The Associated Press obtained the Tour's framework agreement with the Saudis, which said the PGA Tour and European tour would work with their new partners to decide how defectors to LIV Golf can return and what kind of punishment they should face.

Players have been frustrated by the lack of details in the framework agreement, which was negotiated in secret by Commissioner Jay Monahan, two independent board members and Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund. As part of the deal, the Tour and the Saudis agreed to dismiss all pending lawsuits.

“Entering the framework agreement put an end to costly litigation. Management, with input from our player directors, has now begun a new phase of negotiations to determine if the Tour can reach a definitive agreement that is in the best interests of our players, fans, sponsors, partners, and the game overall,” the statement said.

“If future negotiations lead to a proposed agreement, it would need approval by the Tour’s policy board, which includes player directors. In the meantime, we are all committed to the safeguards in the framework agreement that ensure the PGA Tour would lead and maintain control of this potential new commercial entity,” the statement continued.

The board met Tuesday ahead of the Rocket Mortgage Classic, which many top players are skipping after a busy stretch that included the U.S. Open and last week’s Travelers Championship, one of the new designated events on the Tour schedule with a $20 million purse. McIlroy and Cantlay are not in the field at Detroit Golf Club.

The framework agreement calls for the Tour and the Saudis to form a new commercial entity, known for now only as “NewCo.” It includes assurances that the Tour would keep a controlling interest in that entity.

The deal has attracted the attention of Congress, with the Senate Permanent Subcommittee on Investigations set to hold a hearing on July 11. Monahan has been invited to testify, but his availability is in question because he is on leave while dealing with a “medical situation.”

Read 198 times

Soccer

NYCFC's new stadium to be named Etihad Park

NYCFC's new stadium to be named Etihad Park

EmailPrintOpen Extended ReactionsNew York City FC's $780 million, 25,000-seat venue that it intends...

Sources: Tuchel hires Hilario as England GK coach

Sources: Tuchel hires Hilario as England GK coach

EmailPrintOpen Extended ReactionsThomas Tuchel is set to add Chelsea goalkeeping coach Hilario to hi...

Son lauds Palestine spirit as example to follow

Son lauds Palestine spirit as example to follow

EmailPrintOpen Extended ReactionsTottenham captain Son Heung-Min praised the spirit showed by Palest...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Mavs' Doncic out at least week with wrist strain

Mavs' Doncic out at least week with wrist strain

EmailPrintOpen Extended ReactionsDallas Mavericks star Luka Doncic has sustained a right wrist strai...

Jenkins becomes Grizzlies' winningest coach

Jenkins becomes Grizzlies' winningest coach

EmailPrintOpen Extended ReactionsMEMPHIS, Tenn. -- Taylor Jenkins has moved to the top of the Memphi...

Baseball

Pirates hire former player Hague as hitting coach

Pirates hire former player Hague as hitting coach

EmailPrintOpen Extended ReactionsPITTSBURGH -- The Pittsburgh Pirates have hired Matt Hague as their...

Is Aaron Judge the best pure home run hitter of all time?

Is Aaron Judge the best pure home run hitter of all time?

EmailOpen Extended ReactionsRemember Aaron Judge? The guy who hit 58 home runs? Had the highest sing...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated