PGA Tour’s policy board member, Randall Stephenson, has resigned from his position due to “serious concerns” over the proposed deal between the Tour and Saudi Arabia’s Public Investment Fund (PIF).
First reported by the Washington Post, Stephenson, a former AT&T executive, was a member of the ten-man board since 2012. The board which features five non-playing directors and five players including Rory McIlroy, Patrick Cantlay and Webb Simpson, will be required to approve the deal before it is finalised.
