In a memo sent Monday to PGA Tour players, commissioner Jay Monahan confirmed a widely reported meeting in the Bahamas between Tour Policy Board player directors and Yasir Al-Rumayyan, governor of the Saudi Arabia Public Investment Fund (PIF) and chairman of LIV Golf.
Monahan did not offer many details but called the meeting “constructive” and part of a continuing process.
“The conversation throughout was constructive and represents an important part of our due diligence process in selecting potential investors for PGA Tour Enterprises," Monahan wrote. “This mirrors the approach we employed earlier this year as we evaluated an investment offer from the Strategic Sports Group. During the session, Yasir had a chance to introduce himself to our player directors and talk through his vision, priorities and motivations for investing in professional golf.”
